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MAC applauds approval of Joslyn North oil sands project

The Mining Association of Canada (MAC) welcomes the recent announcement by the federal government regarding the regulatory approval of the Joslyn North Mine Project. The project represents a major investment in Canada’s oil sands, an opportunity that will bring additional jobs and growth for the Canadian economy.

For the province of Alberta, the Joslyn Mine translates to $9 billion in new capital investment, $52 million a year to municipal property tax revenues and over $10 billion in revenues for provincial and federal government over the next 40 years.

Currently more than 140,000 Albertans are employed directly by the mining industry, and that figure is expected to increase over the next 10 years. Alberta is also home to more than 540 mining industry suppliers, the third-largest number in Canada, providing services ranging from environmental, engineering and geotechnical consulting to drilling equipment.

“Canada is among the most attractive jurisdictions in the world for mineral exploration and new mine investment,” says Pierre Gratton, President and CEO of the Mining Association of Canada “We have a tremendous opportunity before us; with nearly $140 Billion of potential investment in new and expanded mining projects from coast to coast to coast forecasted over the next 5 to ten years, we need to think strategically to address key challenges like regulatory efficiency, skills shortages and infrastructure requirements.”

MAC encourages the federal government to continue its support for Canada's mining industry.

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About the Mining Association of Canada
The Mining Association of Canada (MAC) is the trusted national voice of Canada's mining and mineral processing industry.  Since 1935, MAC has supported and promoted the mining industry providing leadership, sharing resources and continuing to build, strengthen and engage the industry through advocacy, stewardship and collaboration.  The Association places a high priority on corporate social responsibility, and through initiatives like "Towards Sustainable Mining" addresses issues surrounding sustainability and governing policies in a collaborative, progressive way. For more information about the Mining Association of Canada, please visit www.mining.ca