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sandi66
Global Moderator
Sask: poised for huge growth/SASK KIMBERLITE PROJ« Thread Started on Yesterday at 12:10pm »
Province poised for huge growth
During his recent speech at the Nipawin and District Chamber of Commerce President’s Dinner, Government of Saskatchewan Ministry of Enterprise and Innovation Minister, the Honourable Lyle Stewart had much to say about the growth of our province.
Government of Saskatchewan Ministry of Enterprise and Innovation Minister, Honourable Lyle Stewart.
Province poised for huge growth
By Denise Bokinac
Journal Staff
During his recent speech at the Nipawin and District Chamber of Commerce President’s Dinner, Government of Saskatchewan Ministry of Enterprise and Innovation Minister, the Honourable Lyle Stewart had much to say about the growth of our province.
"Our premier Brad Wall and our new government have a vision of turning our resource boom into a long term plan for economic growth," he said.
Stewart explained that the goal of the new government is to put the economy back into the hands of the people of the province – the business, industry, labour, Aboriginal, post secondary institutions, cooperatives, municipalities and agriculture sectors.
This is where the newly created Enterprise Saskatchewan comes in. It is to be a private, public partnership between all of these groups of people and is anticipated to be in place by early March. So far, the concept has received a lot of interest, both in our own province and across North America.
"Enterprise Saskatchewan will be led by a 12 member board that will include a cross section of stakeholders and community leaders," he explained. "Government will be represented on the board, however it is not there to lead or direct, it is there to support and assist. This is a very important distinction from the past approaches to economic development in our province."
"This province is poised for growth and we need to capitalize on this timing and build on its opportunities to help secure our future."
Our population is now at just over one million, and we have just recently shown the highest rate of population growth in the country. In fact, in the last month or so, Saskatchewan has overtaken Alberta as Canada’s fastest growing province in terms of population percentage wise.
"We believe that Saskatchewan is the place to invest, and we intend to do everything we can to encourage that investment," Stewart said.
"Another positive growth indicator is a recent economic forecast from Scotiabank," he added. "Fuelled by robust mining activities and an inflow of new residents and solid income and wage growth, our economy will post a 3.1 per cent output growth this year. This forecast puts Saskatchewan behind only Alberta at 3.4 per cent, but ahead of all other provinces for 2008."
He gave some examples of the industries making strides in growth in the province.
The Potash Corp recently announced a $1.8 billion expansion of its Rocanville mine. More than 70 per cent of the goods and services used by the mine are purchased locally. Stewart said this would have a significant ripple effect throughout the province.
At one third of the world’s annual production, Saskatchewan is home of the largest potash producers in the world and the same holds true for uranium.
Saskatchewan is the second largest oil producer in Canada. The Bakken oilfield in the southeast is now officially the largest conventional oilfield in North America. The tar sands still to be developed in the northwest, have proven out to over one billion barrels in one township.
The $15 million sale of crown petroleum and natural gas rights in December brought the 2007-year end total to more than $250 million in revenue for the province.
We are the third largest natural gas producer in the country, and that is still growing.
If the diamond mine in the Fort a la Corne area comes into production as planned, we are looking at what will likely become the world’s largest diamond mine.
"We are truly sitting on a gold mine," Stewart said enthusiastically. "We need to develop this province for the benefit of our people and our future."
"The bottom line is that we are seeing major private sector confidence in our resource based economy through substantial investment."
During an interview with The Journal, Stewart said he sees a lot of potential for economic growth in the Nipawin area. He added that although he doesn’t feel the government can force it, he would like to see a major turnaround in the forestry industry.
We asked about recent announcement by Prime Minister Stephen Harper of the $36.4 million to go towards areas affected by the forestry industry. Stewart is certain that, although the administration is yet to be set up, areas like Carrot River, Hudson Bay, and Nipawin will see some of the benefits from it.
"The real reason that this program was put in place is to help areas where there have been issues, like the closing of the Prince Albert plant and so on," he explained, "along with other sawmills and pulp plants where there have been major economic upheavals, so hopefully ways can be found to channel some of that into this area."
www.nipawinjournal.com/News/370317.html
sandi66
Global Moderator
Sask: poised for huge growth/SASK KIMBERLITE PROJ« Thread Started on Yesterday at 12:10pm »
Province poised for huge growth
During his recent speech at the Nipawin and District Chamber of Commerce President’s Dinner, Government of Saskatchewan Ministry of Enterprise and Innovation Minister, the Honourable Lyle Stewart had much to say about the growth of our province.
Government of Saskatchewan Ministry of Enterprise and Innovation Minister, Honourable Lyle Stewart.
Province poised for huge growth
By Denise Bokinac
Journal Staff
During his recent speech at the Nipawin and District Chamber of Commerce President’s Dinner, Government of Saskatchewan Ministry of Enterprise and Innovation Minister, the Honourable Lyle Stewart had much to say about the growth of our province.
"Our premier Brad Wall and our new government have a vision of turning our resource boom into a long term plan for economic growth," he said.
Stewart explained that the goal of the new government is to put the economy back into the hands of the people of the province – the business, industry, labour, Aboriginal, post secondary institutions, cooperatives, municipalities and agriculture sectors.
This is where the newly created Enterprise Saskatchewan comes in. It is to be a private, public partnership between all of these groups of people and is anticipated to be in place by early March. So far, the concept has received a lot of interest, both in our own province and across North America.
"Enterprise Saskatchewan will be led by a 12 member board that will include a cross section of stakeholders and community leaders," he explained. "Government will be represented on the board, however it is not there to lead or direct, it is there to support and assist. This is a very important distinction from the past approaches to economic development in our province."
"This province is poised for growth and we need to capitalize on this timing and build on its opportunities to help secure our future."
Our population is now at just over one million, and we have just recently shown the highest rate of population growth in the country. In fact, in the last month or so, Saskatchewan has overtaken Alberta as Canada’s fastest growing province in terms of population percentage wise.
"We believe that Saskatchewan is the place to invest, and we intend to do everything we can to encourage that investment," Stewart said.
"Another positive growth indicator is a recent economic forecast from Scotiabank," he added. "Fuelled by robust mining activities and an inflow of new residents and solid income and wage growth, our economy will post a 3.1 per cent output growth this year. This forecast puts Saskatchewan behind only Alberta at 3.4 per cent, but ahead of all other provinces for 2008."
He gave some examples of the industries making strides in growth in the province.
The Potash Corp recently announced a $1.8 billion expansion of its Rocanville mine. More than 70 per cent of the goods and services used by the mine are purchased locally. Stewart said this would have a significant ripple effect throughout the province.
At one third of the world’s annual production, Saskatchewan is home of the largest potash producers in the world and the same holds true for uranium.
Saskatchewan is the second largest oil producer in Canada. The Bakken oilfield in the southeast is now officially the largest conventional oilfield in North America. The tar sands still to be developed in the northwest, have proven out to over one billion barrels in one township.
The $15 million sale of crown petroleum and natural gas rights in December brought the 2007-year end total to more than $250 million in revenue for the province.
We are the third largest natural gas producer in the country, and that is still growing.
If the diamond mine in the Fort a la Corne area comes into production as planned, we are looking at what will likely become the world’s largest diamond mine.
"We are truly sitting on a gold mine," Stewart said enthusiastically. "We need to develop this province for the benefit of our people and our future."
"The bottom line is that we are seeing major private sector confidence in our resource based economy through substantial investment."
During an interview with The Journal, Stewart said he sees a lot of potential for economic growth in the Nipawin area. He added that although he doesn’t feel the government can force it, he would like to see a major turnaround in the forestry industry.
We asked about recent announcement by Prime Minister Stephen Harper of the $36.4 million to go towards areas affected by the forestry industry. Stewart is certain that, although the administration is yet to be set up, areas like Carrot River, Hudson Bay, and Nipawin will see some of the benefits from it.
"The real reason that this program was put in place is to help areas where there have been issues, like the closing of the Prince Albert plant and so on," he explained, "along with other sawmills and pulp plants where there have been major economic upheavals, so hopefully ways can be found to channel some of that into this area."
www.nipawinjournal.com/News/370317.html