Saskatchewan
Legislation
- Crown Minerals Act 1985
- Mineral Tenure Registry Regulations 2012
- Mineral Taxation Act 1983
- Environmental Assessment Act 1980
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
| Regulatory Risk Rating Factors | Risk Level |
|---|---|
| First Come / First Serve | Subscribe |
| Application Criteria | Subscribe |
| Duration | Subscribe |
| Right to Renew | Subscribe |
| Competing Licences | Subscribe |
| Mineral Coverage | Subscribe |
| Right to Mine | Subscribe |
| Criteria for Mining Rights | Subscribe |
| Tenure | Subscribe |
| Surface Rights | Subscribe |
| Government Take | Subscribe |
| Transfer Rights | Subscribe |
| Change of Control | Subscribe |
| EIA Process | Subscribe |
| Power to Revoke | Subscribe |
| Age of Legislation | Subscribe |
| Other Factors | Subscribe |
Saskatchewan’s mineral legislation follows the familiar narrative of several of the Canadian provinces which sit in the ‘Low Risk’ category. It will come as no surprise to the seasoned Canadian miner that the primary sources of risk within the legal framework are environmental permitting decisions and uncertainty around land access. Yet when viewed in its entirety, Saskatchewan emerges as a mining friendly destination from a regulatory perspective and one where many an investor can find the potential for success!
Contents
Legislation
- Crown Minerals Act 1985
- Mineral Tenure Registry Regulations 2012
- Mineral Taxation Act 1983
- Environmental Assessment Act 1980
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
Overview
Saskatchewan is the world’s largest potash producer and the second largest primary uranium producer – responsible for all of Canada’s uranium production. The McArthur River/Key Lake mine is the world’s largest high-grade uranium operation, though due to weaknesses in the uranium market, production at the site has been suspended (Nov 2020).
Saskatchewan is also known to possess a range of other minerals such as gold, base metals, coal, diamonds, platinum group metals and rare earth elements (Government Publication). Over the last 10 years the value of Saskatchewan’s mineral industry has more than doubled (Mining Canada). According to the Saskatchewan government, mineral production in the province in 2015 was valued at approximately $8.2 billion (CAD) – the largest increase of any province by value for that year. However, in 2016, low prices of uranium and potash had a large impact on Saskatchewan’s mining industry, which resulted in the province experiencing the largest drop in production value year-over-year in Canada – with the total value around $5.5 billion (Mining Canada). According to the Saskatchewan government, mineral sales from the province in 2019 were the fourth highest in the country, valued at approximately $7.4 billion (CAD).
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