After successfully important the charge against BHP's hostile takeover bid for PotashCorp, Premier Brad Wall is now defensive the right of foreign companies to have controlling interest in Saskatchewan uranium mines. Wall was speaking in favour of Saskatoon Humboldt Tory MP Brad Trost's personal member's bill before Parliament, which would remove limits on foreign ownership of uranium mines. Currently, foreign ownership of Saskatchewan uranium mines is imperfect to 49 per cent. Wall's place is that the federal Non-Resident Ownership Policy should be eliminate completely as it represents "a barrier to foreign investment in the province."
Wall maintains that his position on liberalize foreign ownership of uranium mines does not disagreement with his stance opposite the sale of PotashCorp to BHP on the basis that potash is a "strategic resource.'' "We want to be open to that kind of investment in the province, so that correct now that's the case with potash,'' Wall said, noting that Minnesota based Mosaic owns some potash mines in the province. He added that AREVA Resources Canada, the Canadian supplementary of the French state owned uranium and nuclear industry giant, would likely spend more in the province if the ownership limits were removed.
While Wall says his position on foreign ownership of uranium mines doesn't oppose his tough stance on potash, it does conflict with the position taken by Cameco Corp., the Uranium growth Partnership and the federal Competition Policy Review Panel, not to mention the regional NDP and federal Liberal opposition parties. Of course, Wall brushed off the NDP's objection, pointing out that the former NDP government supported lifting limits on the foreign ownership of uranium mines in 2007 and 1997. And the former Devine government support their elimination in 1988, as did the Saskatchewan Party government in 2009 in respond to the UDP report.
Wall maintains that his position on liberalize foreign ownership of uranium mines does not disagreement with his stance opposite the sale of PotashCorp to BHP on the basis that potash is a "strategic resource.'' "We want to be open to that kind of investment in the province, so that correct now that's the case with potash,'' Wall said, noting that Minnesota based Mosaic owns some potash mines in the province. He added that AREVA Resources Canada, the Canadian supplementary of the French state owned uranium and nuclear industry giant, would likely spend more in the province if the ownership limits were removed.
While Wall says his position on foreign ownership of uranium mines doesn't oppose his tough stance on potash, it does conflict with the position taken by Cameco Corp., the Uranium growth Partnership and the federal Competition Policy Review Panel, not to mention the regional NDP and federal Liberal opposition parties. Of course, Wall brushed off the NDP's objection, pointing out that the former NDP government supported lifting limits on the foreign ownership of uranium mines in 2007 and 1997. And the former Devine government support their elimination in 1988, as did the Saskatchewan Party government in 2009 in respond to the UDP report.
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