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Winnipeg Free Press - ONLINE EDITION
Mining projects get $1.4-M infusion
WINNIPEG — The province has given a seven-figure vote of confidence to the mining industry in Manitoba.
A $1.4-million infusion will be provided to 25 mining projects through the 2009 Mineral Exploration Assistance Program (MEAP).
"The mining industry continues to flourish in Manitoba. News from Snow Lake is good, Hudbay Minerals is developing a new mine and restarted the Chisel North Mine while Garson Gold Corporation and Alexis Minerals Corporation are looking at reopening the new Britannia Gold Mine," said Dave Chomiak, minister of innovation, energy and mines.
He added Manitoba is ranked as one of the top 10 places worldwide for mineral policies favourable to mining investment.
MEAP was renewed for an additional three years in April 2008. The program offers $2.5 million of assistance annually through two offerings per year. The program provides assistance for up to 25 per cent of approved eligible expenses to a maximum of $300,000.
There is also a higher level of assistance — up to 35 per cent to a maximum of $400,000 — to encourage exploration in under-explored frontier regions and to help sustain mining communities.
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