Wilkinson’s comments come days after his ministry published a critical minerals strategy that pledged to review Canada’s approval process for developing mines. Government estimates show it can take up to 25 years for a mining project to become operational. Wilkinson said he expects policy recommendations on streamlining processes within the next 12 months.
The time it takes to build a mine has been a source of concern for mining companies worldwide, given that lengthy approval processes pose investment risks and heightened costs, and is top of mind for many mining CEOs. The head of Vancouver-based Teck Resources Ltd., for instance, said last week that the Canadian government could help the industry with an approval process that ensures projects get done in a timely fashion.
“If we are going to bring supply online at the pace that the world needs to electrify, we need to shorten those timelines,” Chief Executive Officer…
