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Targeted Investment Attraction Events Will be Held at 2010 Winter Games |
FOR RELEASE #09-063
March 13, 2009
WHITEHORSE – Yukon government’s Department of Economic Development will commit $135,000 to support an event at the Vancouver 2010 Winter Games, subject to legislative approval. The event will showcase Yukon investment opportunities and highlight Yukon businesses.
“A surprising amount of business networking is conducted at the Games. The 2010 Winter Games will provide us with an excellent opportunity to showcase Yukon’s valuable assets to a global market,” Economic Development Minister Jim Kenyon said. “We are taking advantage of this by presenting Yukon businesses and investment opportunities – the best that Yukon has to offer.”
As part of a coordinated northern showcase called Canada’s North Weekend, the Economic Development department will host two Yukon business/investment attraction events. These events will be targeted at international decision makers attending the Olympics and those in the lower mainland who are interested in Yukon as a trading partner.
“This event will serve to expand the awareness of Yukon to potential investors and to position Yukon as an excellent place to invest and do business,” Kenyon said.
Events will showcase Yukon businesses that have export or investment ready products or services. The focus of one event will be on First Nation businesses and partnerships in Yukon. The department is working with the Council of Yukon First Nations (CYFN) to coordinate this event at the Four Host Aboriginal Pavilion in Vancouver. A second targeted investment attraction reception is planned in partnership with Nunavut and the Northwest Territories.
This is a portion of Yukon’s overall 2009/10 budget to support activities related to the Vancouver 2010 Winter Olympic and Paralympic Games. Details of the event are pending and will be released once they are finalized.
For more information about Yukon’s participation at the 2010 Olympics visit www.gov.yk.ca.
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| Contact: | |
Emily Younker
Cabinet Communications
    867-633-7961
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| Sunny Patch
Communications, Economic Development
867-667-5387
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Yukon Adds $1.1 Million to Successful Mining Incentive Program |
FOR RELEASE #09-027
February 18, 2009
WHITEHORSE – A one-year $1.1-million increase to the Yukon Mining Incentive Program (YMIP) was announced today by Energy, Mines and Resources Minister Brad Cathers, bringing the total annual support for this program to $1.8 million.
“YMIP supports prospectors and mineral exploration companies who, in turn, support Yukoners by creating jobs and purchasing goods,” Cathers said.
YMIP is a well-used program that helps stimulate mineral discoveries and advances existing discoveries to a mature exploration stage. Since 2003, projects receiving funding through YMIP were responsible for 20 significant new discoveries, including the Andrew lead-zinc deposit and the White Gold property.
“This additional funding will allow the government to respond to an anticipated increase in YMIP applications and the increasing cost of mineral exploration,” Cathers said. “With the current economic situation, funding sources for mineral exploration are becoming more difficult to secure. The increase to YMIP provides targeted support to exploration projects and encourages continued investment and work.”
This increase will be in place for fiscal year 2009/10, subject to approval by the legislative assembly. The goal of this increase is to support sustained mineral exploration activities in Yukon and ensure that Yukon continues to be a destination of choice for prospectors and exploration companies.
YMIP accepts grant applications in three categories. This funding will increase the maximum grant available in each of these categories, better reflecting current exploration costs. The three categories and their revised maximum amounts are:
• Grassroots Prospecting – 100% of costs up to $15,000
• Focused Regional – 75% of costs up to $25,000
• Target Evaluation – 50% of costs up to $50,000
For more information about YMIP and other programs available through the Yukon government, visit www.geology.gov.yk.ca.
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| Contact: | |
Emily Younker
Cabinet Communications
867-633-7961
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| Mark Roberts
Communications, Energy, Mines & Resources
867-667-5307
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Ministers Make Progress on Reducing Trade Barriers |
FOR RELEASE #08-308
December 8, 2008
WHITEHORSE – At a meeting in Ottawa Friday, trade ministers concluded two major items on the Council of the Federation’s Five-Point Action Plan on Internal Trade.
Provincial and territorial trade ministers approved wording to strengthen the Agreement on Internal Trade’s Labour Mobility chapter. All Agreement on Internal Trade (AIT) parties, with the exception of Ontario, approved draft text to the AIT Dispute Resolution chapter which will significantly strengthen the enforcement mechanisms. This will include a more effective compliance process with the provision of an appeals process and the potential for monetary penalties.
Subject to final cabinet approvals, as of April 1, 2009, workers qualified to work in one jurisdiction will face no barriers when seeking work in other parts of Canada.
“Yukon remains committed to creating a more efficient and effective business and work environment,” Economic Development Minister Jim Kenyon said. “The Agreement on Internal Trade provides a valuable forum where we can work with our counterparts to achieve this goal.”
Minister Kenyon assumed the Chair of the Committee on Internal Trade for a one-year term effective Dec. 6. Yukon will host the annual Committee on Internal Trade meeting on June 16, 2009 in Whitehorse.
The AIT is a national, intergovernmental trade agreement signed by Canadian First Ministers in 1995 to reduce and eliminate barriers to the free movement of persons, goods, services, and investment within Canada and to establish an open, efficient, and stable domestic market.
For more information on the AIT, please visit www.ait-aci.ca.
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Kenyon to Lead Yukon Contingent to Beijing |
FOR RELEASE #08-277
November 5, 2008
WHITEHORSE – A Yukon contingent led by Economic Development Minister Jim Kenyon is headed to the annual China Mining Congress and Expo being held in Beijing.
“China Mining is one of the largest mining forums in Asia and the world, and for the third year in a row, will provide the opportunity to showcase Yukon’s mineral potential on a competitive global stage,” Kenyon said.
The congress and expo runs from November 11–13.
Kenyon will be accompanied by officials from the departments of Economic Development and Energy, Mines and Resources, who will be involved in a number of information sessions and networking opportunities, including:
• delivering numerous presentations on topics profiling opportunities, strategic advantages and regulatory regimes in Yukon;
• hosting a ‘Yukon Night’ reception; and
• facilitating meetings between Yukon mining companies and potential Chinese investors.
“The Yukon government has established a relationship with the Chinese government based on its demand for minerals and our desire to market our resources,” Kenyon added. “Robust trade and investment between Canada and China will be fundamental elements of Canada’s and Yukon’s future prosperity.”
In addition to Beijing, Kenyon will also travel to Shaanxi Province to meet with the Deputy Governor of that region and the Director General of Northwest Mining and Geological Exploration Bureau for Non-Ferrous Metals.
For more information on China Mining Congress and Expo, visit www.china-mining.com.
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