BOYD LEADS MINING INVESTMENT MISSION TO JAPAN AND CHINA

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BOYD LEADS MINING INVESTMENT MISSION TO JAPAN AND CHINA

http://www.gov.sk.ca/news?newsId=0a7813 ... 0da12a7c7c

News Release - February 6, 2009

Energy and Resources Minister Bill Boyd is leading an investment mission by mineral exploration companies to Japan and China next week.

Boyd and the Saskatchewan delegation will be in Tokyo, Beijing and Shanghai from February 9 to 21. They will promote Saskatchewan mining opportunities at mineral investment seminars in the three cities and hold separate meetings with Asian companies that have existing investments in the province as well as with firms seriously considering involvement in Saskatchewan mineral exploration projects.

"The robust performance of our mining industry last year is certainly a story we'll be taking to investors in Japan and China," Boyd said. "We have not only rich resources, but also rich opportunities here, in one of the best jurisdictions on the planet for mineral exploration and mining activity."

Saskatchewan's mineral sales for 2008 are expected to surpass the record of $4.6 billion set in 2007. Exploration expenditures are expected to exceed $360 million, another single year record. Over the last three years Asian companies have announced $60 million in intended investments in the province, with advanced negotiations underway on a number of other exploration projects in Saskatchewan.

Among the companies the delegation will meet with are the Tokyo Electric Power Corporation (TEPCO), Overseas Uranium Resources Development Co. Ltd. (OURD), Japan Canada Uranium (JCU), Hitachi, SinoChem, Zhongchuan International Mining and the ZhongRong Group.

"Junior mining companies account for almost 70 per cent of the mineral exploration expenditures in Saskatchewan, and lately the juniors have had challenges in raising capital in now tighter global financial markets," Saskatchewan Mining Association Executive Director Pam Schwann said. "Non-traditional equity markets like Japan and China represent new opportunities for investment capital for these companies, and these are markets that have a strong and natural interest in our commodities. This government-led mission is very timely."

The Minister noted that while the past year was exceptional for Saskatchewan mining, the province was not immune to the current challenges facing the global economy. "That's why missions such as this are so important," Boyd said, "as they profile the excellent business climate we have here and the many opportunities which Saskatchewan and Saskatchewan companies can offer global investors."

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For more information, contact:

Bob Ellis
Energy and Resources
Regina
Phone: (306) 787-1691

Related Documents
7750- Itinerary for the Japan-China Mission.pdf (15.5 KB)
(See below for plain text)

Media Backgrounder

http://www.gov.sk.ca/adx/aspx/adxGetMed ... &PN=Shared

Japan/China Mining Investment Mission Highlights February 9-21, 2009

Tokyo

• Saskatchewan Mineral Investment Forum

• Meetings with Overseas Uranium Resources Development (OURD), Japan Canada Uranium (JCU), Tokyo Electric Power Corporation (TEPCO), Hitachi, ZEN-NOH, Mitsubishi and Idemitsu Kosan.

• Meeting with Japan’s Ministry of Economy, Trade and Infrastructure

Beijing

• Dinner with Chairman of Zhongchuan International Mining

• Saskatchewan Mineral Investment Seminar

• Meetings with SinoChem Mining, and CATIC Shenzen Holdings Limited.

Shanghai

• Saskatchewan Mineral Investment Seminar

• Meetings with Yu An and Sinarmas

• Tour of Gold East Paper Mill

• Dinner with Chairman of ZhongRong Group (owners of Canada Capital Energy which has invested in Saskatchewan oil exploration and development) Minister Boyd is joined on the Japan-China mission by officials of the Ministry of Energy and Resources and Enterprise Saskatchewan. Mineral exploration companies taking part in various stages of the mission include: Golden Band Resources; Can Alaska

Uranium; Pitchstone Exploration; NuCoal Energy; Exploration Syndicate Inc.; Titan Uranium; Hathor Exploration; and JNR Resources.

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----- Original Message -----
From: Elaine Hughes
To: Sask Environmental Society ; SK Party Caucus ; SK NDP Caucus ; SK Premier Wall ; Toxic Nation

Cc: Duceppe, G. Bloc ; Breitkreuz, G. MP ; Council of Canadians ; CSMonitor Environment ; David Suzuki Foundation ; Fed. Envir. Min. Prentice ; Fed. Ind.Min.Clement ; Fed. Nat.Res. Min. Raitt ; GlobalResearch.ca ; Greenpeace Canada ; Ignatieff M. - Lib. ; Layton, J. NDP ; May, E. GPC ; Moulden, A. - CAP ; New International ; Pembina Institute ; Pollution Probe ; Prime Minister Harper ; Sierra Club - Can. ; Sierra Club - US

Sent: Friday, February 06, 2009 1:10 PM

Re: BOYD LEADS MINING INVESTMENT MISSION TO JAPAN AND CHINA

Good ol' Saskatchewan - sharing its uranium with the world - everybody gets some - something to leave for your grandchildren!

Not to worry about the babies born with mutations or kids with leukemia and other cancers, food unfit to eat, water unfit to drink. . . it's about that darned money!

Elaine Hughes
Archerwill, SK

Saskatchewan - the world's largest supplier of uranium - the gift that just keeps on giving - for BILLIONS of years!