CALGARY—Permit times—the length of time it takes to get approval for mining exploration—are increasing across Canada and especially in Ontario, according to a survey of mining companies released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.
“Growing wait times for permits add to the cost of exploration and therefore deter investment and ultimately hinder Canada’s ability to realize its considerable mineral potential,” said Kenneth Green, Fraser Institute senior director of energy and natural resources and co-author of Permit Times for Mining Exploration: How Long Are They?