At PDAC, natural resources minister says Canada working to ease permitting process for mining companies

Government could consider tax reform offering incentives for investment in clean energy in its upcoming budget, in an attempt to attract investment to its critical minerals sector, Jonathan Wilkinson said

Canada is working to ease the permitting process for mining companies so that it does not take several years, the natural resources minister told a conference on Monday.

“We are reviewing Canada’s regulatory process for clean energy projects including critical minerals,” Wilkinson said. Citing the incentives for clean energy investments in the $430 billion Inflation Reduction Act in the United States, Wilkinson said Canada needed a similarly competitive tax environment.At PDAC, one of the largest mining conferences in North America, mining companies are looking for clues on policy, especially as Prime Minister Justin Trudeau’s administration adopts a hawkish stance on China, one of the largest investors in mines around the world.

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