Manitoba Mining Industry Lucrative for Investment: Survey

By Sarah Klein

WINNIPEG — A new survey from the Fraser Institute ranks Manitoba as one of the top places in the world to invest in mining.

The survey rated 122 jurisdictions around the world and bases the rankings on government policies that encourage exploration and investment, as well as geologic attractiveness. Manitoba ranks second in Canada and fourth in the world for investment attractiveness, and ranks fifth in the world for mineral potential.

“The Manitoba government has created one of the best mineral exploration incentive packages in Canada, and this survey sends a clear message to mining companies that our province is a great place to invest,” said Mineral Resources Minister Dave Chomiak.

The Fraser Institute says the benefits to mining in the province include the Mineral Exploration Assistance Program, the Manitoba Prospectors Assistance Program and the Manitoba Mineral Exploration Tax Credit.

Chomiak added Manitoba is the only Canadian jurisdiction to offer double assessment credits.

The full survey can be read below: