Budget 2013 introduces a renewed commitment to the Mineral Exploration Tax Credit (METC), as well as to key investments in skills training and aboriginal communities, says the Prospectors & Developers Association of Canada.
“The mineral exploration industry is a key driver for our economic recovery and provides critical economic stimulus to some of Canada’s most remote communities,” says Ross Gallinger, PDAC executive director.
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The group adds the METC helps keep jobs and investments in Canada, and will continue to encourage investment in Canadian exploration projects. This is crucial since exploration companies are facing monumental capital-raising challenges.
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