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The Saskatchewan mining industry is recognized as one of the most prolific in the world. According to Natural Resources Canada, Saskatchewan was Canada’s second leading mineral producer in 2011, with sales reaching $9.2 billion. Ontario was ranked as number one with sales of $10.7 billion and B.C. was third with $8.2 billion.
“In 2011, potash was the most valuable commodity with over $8 billion in sales. Uranium was also one of the top Canadian commodities,” said Pam Schwann, executive director, Saskatchewan Mining Association. “The mineral industry will invest over $50 billion in expansion and new mines between 2008 and 2028.”
Potash prices and values have followed a turbulent path in recent years due to the global recession. However, in 2011, potash was once again Canada’s top rated commodity with shipments totalling $8 billion. Production volumes reached a new historical level, up 13.5 per cent compared to 2010 as a result of a growing global demand for potash.
“Saskatchewan is the only jurisdiction in Canada to be the world-leading producer of potash and second leading producer of uranium.