The provincial government introduced new legislation it said will streamline the approval process for mining development.
In a statement, Natural Resources Minister John Herron said the Mineral Resources Act will be the foundation for one of the most agile, predictable and timely regulatory frameworks for mineral development in the country.
“We are taking bold and decisive action to reimagine New Brunswick’s mineral sector,” Herron said.
The minister said the government’s goal is to become Canada’s top jurisdiction for competitive, sustainable exploration and development, supported by a modern, progressive and efficient regulatory framework.
Investment in the mining sector is an important part of the government’s new economic development strategy.
The new act would allow the province to streamline approval processes, improve environmental protections, enhance reclamation requirements and reinforce financial assurance measures to prevent abandoned mine sites.
The New Brunswick Prospectors and Developers Association expressed support for the legislation.
“These changes will help create a clearer, more predictable framework for responsible exploration and development across the province,” association president Robert Murray said.
The act would replace the Mining Act, which has been in place since 1985.
The government said it reflects decades of technology changes in the mineral sector, evolving environmental standards and growing expectations for engagement with First Nations and local governments.
It would also update fees, rents and royalties so New Brunswickers get fair value for natural resources, and would improve provisions related to reclamation, financial assurance and long-term site management.
Herron said it provides a modern foundation for advancing the province’s mineral sector.
“It supports responsible development, strengthens public confidence and ensures that New Brunswick is well-positioned to develop the critical minerals the world needs while delivering long-term economic and social benefits for New Brunswickers.”
