My question is for the Minister of Industry, Tourism and Investment.
The department offers an extensive range of programs and subsidies for the mining industry, including:
- The Mining Incentive Program;
- Work requirement and lease payment waivers;
- A prospecting support program;
- A work credit program that gives mineral claim holders 150 percent credit for exploration work to keep mining claims in good standing; and
- Other programs.
Meanwhile, the department is developing new regulations to implement the new Mineral Resources Act, including royalties, fees, and other government revenues and charges.
Can the Minister provide a brief explanation for each of the programs and subsidies for mining provided by the Government of the Northwest Territories, and:
- What are the calculated costs to the GNWT for each of the above programs, including administrative costs since devolution;
- What are the lost value of exploration expenditures and work as result of the waivers, work credit program, and other subsidies since devolution;
- What is the direct and indirect economic impact of the GNWT programs and subsidies for mining; and
- Provide an explanation of how the costs and economic impacts of the mining programs and subsidies will be considered during the development of regulations under the Mineral Resources Act.
Mahsi, Mr. Speaker.