Officials promote Yukon resources to China

Officials from Yukon's Department of Economic Development have returned from a trip to China where they worked to drum up investment for the territory.

Officials from Yukon’s Department of Economic Development have returned from a trip to China where they worked to drum up investment for the territory.

“We we’re quite pleased in terms of the level of interest and the level of response that we got,” said Terry Hayden, assistant deputy minister.

Hayden travelled with two senior business advisors and a geologist to the China Mining conference and a business forum in Beijing. The team also met with several investment firms that deal with individual and small corporate clients, said Hayden.

“There’s investment potential from a few million dollars, you want to get into placer, you want to get into exploration, up to a couple billion dollars.”

Their role was to expose potential investors to those different options, he said.

At least two groups that they met with have said that they will come visit the Yukon next year, said Hayden.

The trip cost about $42,000. Yukon officials have attended China Mining every year since 2006.

“The message is that the Yukon has a large mineral endowment, that we have a positive investment climate here in the territory, that we are welcoming of foreign investment in the territory,” said Economic Development Minister Currie Dixon, who did not join the trip.

The Yukon has been successful in attracting Asian investment in the past, said Dixon.

He noted Yukon Zinc’s Chinese-owned Wolverine mine and the Selwyn project, owned by Chinese company Chihong Canada Mining Ltd., as examples.

Currently there are a couple of late-stage mining projects looking for investors to push them into production.

Victoria Gold’s Eagle mine and Western Copper and Gold’s massive Casino project both need to attract substantial investment capital.

But the Yukon government does not advocate on behalf of specific projects, said Dixon.

Instead, it advocates on behalf of the territory as a place of low geopolitical risk for investments, he said.

“Investment capital is very mobile. It can go anywhere. It can go just as easily to Africa or South America or other places in Asia. So we have to be proactive, and we have been very successful in doing that, in getting out and promoting Yukon as a positive place to invest.”

Contact Jacqueline Ronson at

jronson@yukon-news.com

Just Posted

New routes top priority for Whitehorse transit plan

Full Sunday service still off the table, though plan proposes pilot project

City mulls replacing Handy Bus with taxi vouchers

‘Whitehorse Transit must take steps to provide a sustainable solution’

Five substitute teachers suing Yukon government over unpaid wages

In separate claims, the teachers say the Department of Education owes them nearly $17k in unpaid wages

Family of 4 from Oregon believed to be missing in northern B.C.

RCMP, Search and Rescue crews searching area where vehicle was abandoned

Neighbours slam proposed Copper Ridge townhouses

Property values, parking cited as cause for concern

Mosquito Enduro-X kickstarts racing season

‘It’s fun, family-type racing and it gets the kids out and riding’

U Kon Echelon hosts Tour de Whitehorse

The Tour de Whitehorse cycling stage race hosted by the U Kon… Continue reading

Whitehorse man sentenced to house arrest after threatening coworker with axe

Ram Naresh Prasad pleaded guilty to assault with a weapon and uttering death threats

Former Goody’s employee drops sexual harassment lawsuit

The Yukon Supreme Court has dismissed a lawsuit against a Whitehorse gas… Continue reading

Reflecting on 25 years of the struggle for queer rights in the Yukon

Helen Fallding | Special to the News I keep hearing through the… Continue reading

Chefs showcase Indigenous cuisine in B.C.

On top of leading a kitchen in the province, owner travels around Canada to introduce his cuisine

Most Read