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Minerals Boom in Saskatchewan (Expansion, not depletion, from new capital and the ‘ultimate resource’)

By Eric Anderson -- March 15, 2012

“Human beings create more than they destroy.”

– Julian Simon, The Ultimate Resource 2 (Princeton, N.Y.: Princeton University Press, 1996), p. 580.

When the tide comes in, all boats rise.

Saskatchewan’s mining industry has begun a period of unprecedented growth that promises to last for decades.  And while Prince Albert is not at the mouth of the bay, we are in the bay, and our boats are rising as well.  Prince Albert is seeing record building permits issued, but few local items to exactly explain why.

With a current tax incentive and confidence in the future, PotashCorp began a series of expansions seeing $5.8 billion being poured into Saskatchewan.  It is the “mother of all economic stimulus packages,” seeing spending, on a per capita basis, double the American and triple the Canadian governments’ stimulus packages. …