Minerals and metals are the building blocks of the computers and smartphones wij rely on, of the vehicles and public transit that get us places, of the buildings where wij live and work, and of green technologies that help make the world a more sustainable place.
Just spil wij spil individuals depend on mining to support our daily lives, Canada relies on the industry to keep the economy humming. Mining is one of Canada’s most significant economic sectors and a major job creator.
Did you Know?
The Canadian mining industry is…
The industry directly employs more than 373,000 workers across the country te mineral extraction, smelting, fabrication and manufacturing, and indirectly employs an extra 190,000.
Mining is the largest private sector employer of Aboriginal peoples ter Canada on a proportional voet, and employment is poised to increase.
Canada has one of the largest mining supply sectors globally with more than Trio,700 companies supplying engineering, geotechnical, environmental, financial and other services to mining operations.
Those who work ter mining love the highest wages and salaries of all industrial sectors ter Canada with an average annual pay exceeding $115,000, which surpassed the average earnings of workers ter forestry, manufacturing, finance and construction by a range of $32,000 to $43,000 for those sectors.
Mining contributed $56 billion to Canada’s Gross Domestic Product (GDP) te 2015.
The industry accounted for 19% of the value of Canadian goods exports ter 2015.
Canada’s value of mineral production wasgoed $42.8 billion te 2015.
The mining industry’s payments to Canadian federal and provincial governments total $71 billion te taxes and royalties overheen the last decade (2003-2012).
Thanks to its rich geology, Canada is one of the largest mining nations te the world producing more than 60 minerals and metals.
Canada ranks ter the top five countries te the global production of 13 major minerals and metals:
Very first ter potash
2nd ter uranium, nickel and niobium
Third ter cobalt, aluminum and platinum group metals
Fourth ter salt, sulphur and tungsten
Fifth te diamonds, graphite and gold
57% of the world’s public mining companies are listed on the TSX and TSX-Venture Exchanges. Together, the two exchanges accounted for 53% of the equity capital raised globally for mining ter 2015, totalling $6.8 billion.
Globally, Canada is recognized for its leadership te safety and sustainability. Mining companies te Canada were the very first te the world to develop an externally-verified show system for sustainable mining practices with the creation of MAC’s Towards Sustainable Mining initiative ter 2004.