Canada is a global mining giant
- The value of mineral production was nearly $47 billion in 2012 (Sources: Natural Resources Canada, Annual Census of Mines; Statistics Canada).
- Canadian-headquartered mining companies accounted for nearly 37% of budgeted worldwide exploration expenditures in 2012 (Source: Metals Economics Group, Corporate Exploration Strategies).
- Canadian exploration, mining, and allied industries now operate in over 100 countries around the world, with cumulative assets worth $147 billion outside Canada (2011) (Source: Natural Resources Canada, Canadian Mining Assets).
- Canada is one of the largest mining nations in the world, producing more than 60 minerals and metals. The total value of Canadian mineral exports was $92.6 billion in 2012. These exports accounted for 20.4% of Canada’s total exports in 2012 (Sources: Natural Resources Canada, TRAGS; Statistics Canada).
- Key exports in 2012 included aluminum, coal, copper, diamonds, gold, iron and steel, iron ore, nickel, nitrogen, potash, silver, uranium, and zinc. Exports of these specific products ranged from $1.5 billion to nearly $17 billion (Sources: Natural Resources Canada, TRAGS; Statistics Canada).
- In 2011, mining contributed $63 billion to Canada’s nominal Gross Domestic Product (GDP), representing 3.9% of the Canadian economy. In 2012, mining contributed over $22 billion in capital investment (Source: Statistics Canada, Private and Public Investment in Canada, Catalogue 61-205); and $16.7 billion in trade surplus (Sources: Natural Resources Canada, TRAGS; Statistics Canada). They also accounted for the majority of goods transported by rail and by vessel (Sources: Statistics Canada, Marine Transportation Custom Run; Statistics Canada, Monthly Railway Carloadings, Catalogue 52-001).
- In 2012, Canada’s mineral exploration and deposit appraisal expenditures were a staggering $3.9 billion (Source: Natural Resources Canada, Survey of Exploration, Deposit Appraisal, and Mine Complex Development Expenditures).
- In 2012, nearly 330 000 Canadians were employed in the mining and mineral processing industries, creating employment opportunities from coast to coast to coast in urban and rural areas, including many Aboriginal and northern communities (Source: Statistics Canada, Survey of Employment, Payroll and Hours).
- Gold was the top metallic mineral product produced in Canada in 2012 with shipments valued at $5.6 billion. Iron ore production was next ($5.3 billion), followed by copper ($4.5 billion) (Sources: Natural Resources Canada, Annual Census of Mines; Statistics Canada).
- The leading nonmetallic mineral products were potash ($7.0 billion), coal ($6.4 billion), and diamonds ($2.0 billion) (Sources: Natural Resources Canada, Annual Census of Mines; Statistics Canada).
- Canada continues to be the world leader in the production (by volume) of potash (Source: U.S. Geological Survey).
- Canada ranks in the top five countries for the production of aluminum, cadmium, cobalt, nickel, platinum group metals, sulphur, titanium concentrates, tungsten, and uranium, and ranks third in the production of diamonds (by value) (Source: U.S. Geological Survey).
- Almost 60% of the world’s public companies are listed on the TSX and Venture Exchange and 70% of the equity capital raised globally for mining companies is raised on the TSX and Venture Exchange.
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