Critical Minerals and Energy Intelligence

Canada streamlines approval process for major mining and infrastructure projects

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Canada’s provinces and territories will be permitted to approve major mining and infrastructure projects — and will no longer require separate federal government reviews, in a sweeping reform to streamline project development in Canada.

Canadian Prime Minister Mark Carney announced the new “one project, one review” policy after meeting with the country’s 13 premiers, with the aim to eliminate duplicate, bureaucratic requirements.

“We will eliminate federal duplicative requirements by recognizing provincial assessments for major projects, the so-called mutual recognition… So, one project, one review, and we will work with the provinces and other stakeholders, Indigenous groups, to identify projects of national significance and accelerate the time frame to build them”

— Mark Carney, Canadian Prime Minister, told reporters in Ottawa

The government initiative extends beyond the mining sector, with Prime Minister Carney also announcing plans to remove all inter-provincial trade barriers by July 1, 2025, a move estimated to unlock C$250 billion in annual economic impact.

Key projects included in the announcement

  • Cedar LNG Project: a C$5.8 billion Indigenous-led liquefied natural gas export facility near Kitimat, British Columbia, has been identified as a leading candidate for this expedited process
  • Ring of Fire development: the critical minerals-rich region in northwestern Ontario is slated for quick approval under this new framework
  • First Mile Fund: a new capital fund will be established to finance the construction of transmission and transportation networks linking extraction sites to existing infrastructure
  • LEENSF: the Large Enterprise Economic and National Security Facility will be overseen by the Finance Ministry to provide liquidity support and funding for regional development agencies

Implications for the mining sector

This policy shift is poised to have far-reaching effects on Canada’s mining industry. By reducing regulatory overlap and streamlining the approval process, the government aims to create a more attractive environment for investment in resource extraction and critical minerals development.

The focus on critical minerals, particularly in the Ring of Fire region, aligns with global demand for materials essential to clean energy technologies and advanced manufacturing. This could position Canada as a key player in the supply chains for electric vehicles, renewable energy infrastructure, and other high-tech industries.

Additionally, the cancellation of planned increases to the capital gains tax and the consumer carbon tax signals a shift towards policies aimed at stimulating economic growth and investment across mining and the economy as a whole.

Upcoming election

The new announcements come as Canada prepares for a federal election, and although an election can throw everything “up in the air”, we suspect that — whoever wins, the fact this has been agreed by the Liberal party with all the Premiers — will mean this will now be long-term federal policy.

Our analysis on plugging Canada’s miners into America’s battery belt:

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