Investment increases for prairie jobs

The Province of Saskatchewan stands to gain $50 billion of $140 billion in Canadian capital investment over the next two decades. The province’s mining industry is already worth $7.1 billion and the province benefited from $3.1 billion in capital expenditures in 2010. The value of mineral production has tripled in the last decade, now valued at more than $6.8 billion, with mineral exploration expenditures at $319 million.

Mineral exploration spending intentions in 2011 are estimated at approximately $280 million, while potash companies have announced almost $13 billion worth of expansions to their existing mines by 2020.

Saskatchewan currently has 27 mining facilities, providing 30,500 jobs—or one out of every 16 jobs in the province.