Approval given to oilsands project

The Mining Association of Canada welcomes the recent announcement by the federal government regarding the regulatory approval of the Joslyn North Mine project.

For the Province of Alberta, the Joslyn Mine translates to $9 billion in new capital investment, $52 million a year in municipal property tax revenues, and over $10 billion in revenues for the provincial and federal governments over the next 40 years. More than 140,000 Albertans are currently employed directly by the mining industry, and that figure is expected to increase over the next 10 years.