We have a number of programs to help stimulate the mining industry. We have, as I said, the Mineral Development Strategy, which is a strategic plan to increase mineral exploration and mine development in order to ensure residents with a sustainable economy. We also have a Mining Incentive Program that provides partial support for junior mining companies and prospectors for exploration activities. This program has been oversubscribed since its launch two years ago and has been credited in several new mineral discoveries being made in the Northwest Territories. We also have introduced a two-year assessment work incentive to encourage more exploration activities. This program will provide a temporary incentive to assist the mineral exploration industry to maintain its mineral tenure through financially challenging times, and as I said, we are looking to utilize some of the federal infrastructure funding to provide some strategic investment so that it will make mining projects that have been approved more feasible and better able to access development funding.
Bob McLeod on Question 9-18(2): Encouraging Mineral Exploration And Mining Developments
In the Legislative Assembly on February 18th, 2016. See this statement in context.
Question 9-18(2): Encouraging Mineral Exploration And Mining Developments
Oral Questions
February 17th, 2016
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