Today: May 31, 2016, 9:54 pm

Northern Canada mining market: Potential investment of over $20 billion
Territories Mining and Exploration 2012 - a new market research report on 2014-03-13 19:07:01
Northern Canada is home to world-class natural resources that represent tremendous economic potential. Currently, the mining and energy sectors are responsible for about one-quarter of Northern GDP and approximately 5,000 jobs.

According to some estimates, one-quarter of our known reserves of conventional oil and gas can be found in the North. The number of mines in operation continues to grow, and exploration activities are on the rise. In all, more than 25 projects are in the works for Canada´s Arctic, representing over $20 billion in potential investment in the mining sector. If developed, these projects would create thousands of direct jobs, as well as thousands of indirect jobs in the manufacturing, transportation and services sectors.

The Government of Canada is laying the foundation for economic development in the North through initiatives such as the Geo-mapping for Energy and Minerals (GEM) program. This $100-million program is delivering fundamental public geoscience knowledge that enables Northerners to make informed decisions about their future economy and society.

GEM collects information that provides a better understanding of the resource potential in the North, which in turn encourages private sector investments in mining and exploration. For every region that attracts economic development, there are improvements in living conditions, health and safety, education and employment. In short, development leads to a higher standard of living and quality of life.

The Government of Canada is committed to ensuring that Northerners have access to the same economic opportunities as all Canadians, which is why the Northern Jobs and Growth Act was introduced. This Act fulfills obligations flowing from land claims, and proposes mechanisms to improve regulatory processes, encourage investment, and allow resources to be developed in a sustainable manner. These changes will help create a more stable investment climate in the North by increasing the predictability and efficiency of the review process for major northern projects. This will lead to jobs, economic growth and long-term prosperity for Northerners.

The abundance of natural resources in Canada´s Arctic could potentially fuel the country´s prosperity for decades to come. The Government of Canada has made the North a priority, and it is committed to ensuring that Northerners benefit from the significant natural resource reserves that are found in their region.

Report Scope

The Territories Mining and Exploration 2012 book provides a thorough examination of both the amazing geological potential these lands hold and the uniquely challenging environment they present, through exclusive interviews and guest articles from the industry´s leaders, alongside extensive coverage of these issues provided by GBR´s own on-the-ground journalists.

Click for report details: ..

Browse all Energy and Utilities Market Research Reports ..

Browse all Energy and Utilities Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 629 Words
Related Articles
More From Finance
New Frontier Portfolios Top Morningstar Rankings
Boston, April 14, 2016—New Frontier’s global strategic portfolios topped the Global Balanced Strategic category of the latest [..]
Finding an Excellent Tax Lawyer with the [..]
Sound Advice about Finding an Excellent Attorney When an individual requires legal representation, whether for an IRS tax debt [..]
First Gothenburg Bancshares to acquire Nebanco, Inc.
Denver, CO: March 24, 2016 – First Gothenburg Bancshares, Inc., the holding company for First State Bank, Gothenburg, Nebraska [..]
With Bad Credit It Is Still Possible [..]
What to Expect When Seeking a Bad Credit Home Loan Refinance Okay, so not everyone has great – or even [..]
Credit-Yogi Professionals Describe How to Get Out [..]
Who doesn’t want to save money while getting rid of debt? Most folks would jump at the chance to do [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.