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Commodities

Uranium

Economic Impact

Economic Impact 2009

  • The uranium mining industry spent approximately $266 million on salaries, wages and benefits for its direct employees. Of this, over $75 million was paid to residents of Saskatchewan's north.
  • The industry's contractors paid out an additional $118 million to their employees.
  • Income tax remitted on behalf of direct employees was $80 million. Canada Pension Plan contributions were an additional $13.3 million and Canada Employment Insurance payments were another $5.0 million.
  • The value of goods and services purchased by the industry was $803 million. Over 63% ($511 million) of this amount went to businesses based in Saskatchewan and 35% ($285 million) went to businesses based in northern Saskatchewan.
  • Capital expenditures were approximately $245 million, while exploration expenditures were $38 million. Reclamation expenditures were $5.5 million. Total capital,exploration and reclamation expenditures, excluding salaries were $288.3 million.
  • Taxes and royalties of $139.7 million were paid to the province of Saskatchewan and $5.8 million to local governments. Total taxes and royalties paid amount to $145.5 million.
  • Approximately $5.3 million was spent on licensing fees and $2.5 million was paid in surface lease fees.
  • $5.5 million was donated to community and charitable organizations and another $404,500 was given as scholarships and other forms of support to contribute to the education of Saskatchewan's youth.

© 2010, Saskatchewan Mining Association