Natural Resources

Province promoting investment in mining and petroleum sectors (09/10/30)

NB 1700

Oct. 30, 2009

FREDERICTON (CNB) - Promotion of investment opportunities in the province's mineral and petroleum sectors will be at the top of the agenda for the annual Exploration, Mining and Petroleum New Brunswick conference being held Nov. 1-3 at the Delta Fredericton Hotel in Fredericton.

"Our government believes strong mineral and petroleum sectors will be key contributors to a prosperous and self-sufficient New Brunswick," said Natural Resources Minister Wally Stiles. "We will continue to aggressively promote New Brunswick as a location that is open for business for both of these sectors."

The value of mineral production in New Brunswick reached nearly $1.4 billion in 2008, while the province continued to be an exporter of natural gas.

The conference is hosted by the Department of Natural Resources together with the New Brunswick branch of the Canadian Institute of Mining, Metallurgy and Petroleum; the New Brunswick Prospectors and Developers Association; and the department of geology at the University of New Brunswick.

About 300 delegates from across Canada are registered for the event. Representatives from the mineral industry, the oil and gas sector, universities and three levels of government will attend.

The conference is a forum for the presentation of research and the review of mineral and petroleum exploration and mining projects carried out in New Brunswick in 2009. Stiles will address delegates at the opening session on Monday, Nov. 2.

The conference will include industry presentations, displays and exhibits. It also provides an opportunity for companies offering goods and services to the mining and petroleum sectors to display their products and take advantage of networking opportunities.

The media and general public are invited to attend. More information may be found on the Department of Natural Resources website.

09/10/30

MEDIA CONTACTS: Matt Jones, communications, Department of Natural Resources, 506-453-2614, e-mail: matt.jones@gnb.ca; Geneviève Mallet-Chiasson, communications, Department of Natural Resources, 506-453-2614, e-mail: genevieve.mallet-chiasson@gnb.ca.

09/10/30