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Uranium

Economic Impact

Economic Impact 2010

  • The uranium mining industry spent approximately $333 million on salaries, wages and benefits for its direct employees. Of this, over $90 million was paid to residents of Saskatchewan's north.
  • The industry's contractors paid out an additional $217 million to their employees.
  • Income tax remitted on behalf of direct employees was $88 million. Canada Pension Plan contributions were an additional $14 million and Canada Employment Insurance payments were another $5.2 million.
  • The value of goods and services purchased by the industry was $916 million. Over 67% ($618 million) of this amount went to businesses based in Saskatchewan and 39% ($361 million) went to businesses based in northern Saskatchewan.
  • Capital expenditures were approximately $337 million, while exploration expenditures were $36 million. Reclamation expenditures were $10 million. Total capital,exploration and reclamation expenditures, excluding salaries were $384 million.
  • Taxes and royalties of $139 million were paid to the province of Saskatchewan and $5.9 million to local governments. Total taxes and royalties paid amount to $144 million.
  • Approximately $5.2 million was spent on licensing fees and $2.4 million was paid in surface lease fees.
  • $5.4 million was donated to community and charitable organizations and another $564,650 was given as scholarships and other forms of support to contribute to the education of Saskatchewan's youth.

© 2012, Saskatchewan Mining Association