https://www.miningweekly.com
Business|Defence|Energy|Exploration|Manufacturing|Mining|Resources|Equipment|Manufacturing |Operations
Business|Defence|Energy|Exploration|Manufacturing|Mining|Resources|Equipment|Manufacturing |Operations
business|defence|energy|exploration|manufacturing|mining|resources|equipment|manufacturing-industry-term|operations

Reopening economy is critical, but must be done safely – O’Regan

Natural Resources Minister Seamus O'Regan (right) pictured with Prime Minister Justin Trudeau.

Natural Resources Minister Seamus O'Regan (right) pictured with Prime Minister Justin Trudeau.

28th May 2020

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canadian Natural Resources Minister Seamus O’Regan has stressed the importance of reopening the economy, but says it has to be done safely with consideration for all Canadians, including those in Indigenous and northern communities.

“We must work with Indigenous partners to ensure their concerns are understood and mitigated,” the Minister said on Wednesday, following a meeting by video conference with his provincial and territorial counterparts.

Some communities have raised concern about resuming mining operations near Indigenous communities, arguing that the comings and goings of mining workers could compromise efforts to slow the spread of Covid-19.

The pandemic has had a major impact on Canada’s energy and mining sectors and O’Regan said families and small businesses across the country were feeling the impact.

He said it was “critical” to reopen the economy.

“The government of Canada is working with provinces and territories to protect jobs and businesses, including our energy and mining sectors, during this highly challenging period. The slump in certain commodity prices, drastic reductions in energy demand and other pressures have meant the Covid-19 pandemic has had a profound effect on Canada's energy and mining sectors.”

To ensure the resilience of these hard-hit sectors in the interim — in addition to targeted funding for the energy sector — the Canada government recently announced an expanded business credit availability programme and the large employer emergency financing facility to provide bridge financing at commercial rates to keep businesses working.

The government also announced the Canadian emergency wage subsidy to help employers maintain their existing workforces for up to three months.

"We also continue to engage with the mining industry to understand the economic pressures it is facing, such as exploration companies that finance their activities by raising equity,” O’Regan noted.

Further, the federal, provincial and territorial governments were working on the next instalment of the Canadian Minerals and Metals Plan (CMMP).

The CMMP action plan, he said, would support strong firms — like those that were the starting points for supply chains for medical equipment, clean technologies, manufacturing and defence.

Edited by Creamer Media Reporter

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.37 0.406s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: