Mining the Future - Critical Minerals in Labrador; The only Atlantic province with a dedicated document on critical minerals and the energy transition is Newfoundland and Labrador. The province has released a report, Mining the Future , in which Premier Dwight Ball said in his introductory message that “A world of possibilities is at our doorstep because our geology positions Newfoundland and Labrador to be a global supplier of minerals, particularly while advancing a green economy.” He cites southern Labrador as an area for the development of rare earth elements. The paper recognizes that the world needs minerals:
An increasing population will require an increasing volume of products that require metals and minerals including cobalt for electric cars, rare earth minerals for wind turbines, copper for magnetic resonance imaging equipment, iron ore used in buildings, and nickel used in stainless steel applications.
The paper envisions that there will be five new mines by 2030, sustainable direct employment of more than 6,200 people in operations, doubling annual exploration expenditure to $100 million and $4 billion in annual mineral shipments. The plan includes commitments to engaging Indigenous groups in the further development of a strategy, and improving Indigenous procurement, supplier, and employment opportunities.
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