Question Period Note: Mining Sector Support

• Canada’s mining industry is a source of well-paid, middle class jobs in Canada’s rural, remote and northern communities. It is also an important source of economic opportunity for Indigenous peoples.
• That is why we worked with the provinces and territories, industry, Indigenous peoples and stakeholders to release the Canadian Minerals and Metals Plan. This is a long-term vision to boost Canadian competitiveness across the minerals and metals sector.
• Our government is taking important steps to support this industry with strategic investments in innovation and infrastructure, in addition to measures to maintain our tax competitiveness:
o We launched the $10 million Crush It! Challenge to advance the use of clean technology in the sector, reduce environmental impacts and drastically improve energy efficiency at Canadian mines.
o We invested $5 million through the Clean Growth Program to support the electrification of Goldcorp’s Borden mine, helping reduce greenhouse gas emissions and enabling the transition to a low-carbon future.
o We announced more than $365 million for a five-year extension of the Mineral Exploration Tax Credit, which will help junior exploration companies raise the capital they need to find new mines and create the mining jobs of tomorrow.
o We committed up to $247 million to the Yukon Resource Gateway Project, to upgrade infrastructure and support the development of new mines in the territory.
o We continue to collaborate with partners and stakeholders to release the CMMP Action Plan in 2020 to realize our vision that Canada is the leading mining nation.
• This enhances our brand - our “natural advantage” - and is a key selling point attracting global investors to Canada.
Supplemental Messages:
• Canada’s minerals and metals are essential to clean technologies that will propel our country towards a low-carbon future.
• In a world increasingly demanding sustainably produced products, our mining industry is a global leader in environmental practices and corporate social responsibility.

While the mining industry is a key contributor to Canada’s economic well-being, global trade tensions continue to create uncertainly for the global economy and commodity markets. The Government of Canada will continue to support the mineral industry to ensure it remains competitive.

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