Newfoundland & Labrador

Newfoundland and Labrador Opinion

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Government should help make NL’s mining sector more attractive to investment

According to the latest data, capital expenditure (a measure of investment) in Newfoundland and Labrador’s mining industry has plummeted from more than $1 billion each year from 2021 to 2024 to $503 million in 2025 and an estimated $482 million in 2026. This is bad news for Newfoundlanders and Labradorians.

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The mining industry plays a key role in the provincial economy, representing nearly eight per cent of all economic activity, more than 8,000 jobs (with some of the highest wages of any job category) and billions in exports.

How can the Wakeham government help attract more investment and drive more growth in this crucial industry?

First, it’s important to emphasize what........

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