PUBLICATION

Global Business Reports

AUTHORS

Catherine Howe, Sorina Dumitru, Matthias Lomas, Sarah Crompton Donnelly

Saskatchewan & Manitoba Mining 2018 Pre-Release

January 18, 2018

Saskatchewan is the world’s largest potash producer and second biggest uranium producer, as well as being home to the world’s highest-grade uranium. Its rich resource base in these and other minerals and its friendly mining regime, has put it consistently at the top of the Fraser Institute’s Investment Attractiveness Index. In 2016 it reached the number one spot with Manitoba in second place. Manitoba, though, has a relatively small and underexplored mining industry but has established an attractive permitting environment for investors looking to exploit its rich base and precious metals reserves. Tumbling uranium prices after Japan’s Fukushima nuclear disaster and depressed potash and nickel prices in recent years have held back both provinces’ mining industries. However, market forces appear to be turning. Junior activity is increasing as uranium appears to be at its bottom and demand for metals like lithium and cobalt are strong. With the global mining industry seeing better days, Saskatchewan and Manitoba are positioning themselves for an upturn.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."

RECENT PUBLICATIONS

Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.

MORE PREVIOUSLY PUBLISHED

MACIG

"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."

SUBSCRIBE TO OUR NEWSLETTER