Canada’s Resource Minister Promises to Make Approval Process Shorter

Globe and Mail reported Canada’s Natural Resources Minister said resource projects will get faster approval to help hold onto investment opportunities.

As quoted in the market news:

In a strong endorsement of Prime Minister Stephen Harper’s pledge this week to speed up approvals for major mining and energy projects, Mr. Oliver listed examples of proposals that have been waiting years for regulatory approvals, noting the Mackenzie gas pipeline project underwent reviews for nine years, while French uranium company Areva has so far spent six years seeking approval for its Midwest uranium mine in Saskatchewan.

Click here to read the full Globe and Mail report.