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Leader-Post on new Saskatchewan royalty incentives

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New uranium royalty incentives will encourage development in Saskatchewan

 

Excerpt:

 

The old royalty system had a very negative effect on mining in Saskatchewan. Over the years, many development and mine projects have been placed on hold because the structure would not recognize certain actual costs.

 

"We corrected that system, which was no longer reflecting the true costs of building a new mine or bringing new projects forward," said McMillan.

 

With the new royalty incentives, these projects may now move to development. This means Saskatchewan will soon feel the positive impact of the economic spinoff and long-term employment that comes with growth in the mining sector.

 

McMillan believes that the new modernized royalty structure will allow Saskatchewan to once again be a leader in the uranium market.

 

Full article: https://www.leaderpost.com/news/uranium+royalty+incentives+will+encourage+development+Saskatchewan/8434480/story.html