The report estimates that the value of the annual output of mining activity in the North will grow at an annual rate of 7.5 percent – more than three times the projected GDP growth rate – to nearly double from $4.4 billion in 2011–12 to $8.5 billion in 2020.
The 74 page reports focuses most of its recommendations on improving communication and cooperation between mining companies, aboriginal groups, and local, provincial/territorial and federal governments.
It also calls for increased government investment, in the way of government-private partnerships, to build the necessary infrastructure in the North, and a simpler regulatory approval process by integrating environmental assessments made by various levels of government.
If these measures are taken, the report concludes, the people of the North and the rest of Canada, stand to benefit from increased exports as the industrialization of India and China boosts global economic growth and demand for minerals.
One of our licensed immigration consultants can speak with you in person, online or on the phone about your unique immigration situation and give you a breakdown of your options.