Natural Resources Canada

Natural Resources Canada

January 23, 2012 16:14 ET

Minister Oliver Discusses the Importance of Innovation, Diversification and Investment to the Canadian Economy

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - The Honourable Joe Oliver, Minister of Natural Resources, today addressed the B.C. Chamber of Commerce and the Association for Mineral Exploration of B.C.'s Mineral Exploration RoundUp 2012. The Minister highlighted the importance of innovation in the exploration and mining sectors and the need to diversify our energy markets.

Speaking to the B.C. Chamber of Commerce, Minister Oliver outlined the importance of opening Canada's natural resources sectors to new markets, such as the Asia-Pacific region.

"Vancouver is one of Canada's great economic engines and our biggest gateway to the huge economic opportunities of the growing Asia-Pacific market," Minister Oliver said. "Those opportunities represent the potential for hundreds of thousands of jobs in Canada and literally trillions of dollars in economic activity in Vancouver, in B.C. and right across the country."

In his address to the RoundUp participants, Minister Oliver detailed how NRCan's Geo-mapping for Energy and Minerals program is supporting private sector exploration investment in the North by generating modern reconnaissance-level geo-mapping data in areas with high mineral potential. He also noted that, in regions of Canada with proven mineral potential, the department's Targeted Geoscience Initiative is developing innovative mineral exploration techniques to help the industry discover new deeply buried mineral deposits in Canada.

Minister Oliver discussed NRCan's public geoscience programs while touring the RoundUp Trade Show floor, where he met with the Prospectors and Developers Association of Canada's 2011 Prospector of the Year, Shawn Ryan, whose use of NRCan's geoscientific data and knowledge products contributed to his White Gold discovery in the Yukon.

"Canada is one of the world's mining and energy giants, and we're set for continued growth," said Minister Oliver. "Our Government is committed to developing the policy initiatives and making the targeted investments that will help to ensure our exploration, mining and energy industries continue to grow and prosper long into the future."

While in Vancouver, the Minister also met with Western Canada-based mining industry CEOs as well as with B.C. Premier, Christy Clark; NWT Premier, Bob McLeod; and B.C. Minister of Energy and Mines, Rich Coleman. They discussed various opportunities to work together to harness science and technology expertise and to improve policy in support of ensuring economic stability and the responsible development of Canada's natural resources.

NRCan's news releases and backgrounders are available at

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