04.02.2018

Mining Industries Canada

Canadian Trade Services

 

Mining Industries 2018

 

CANADA IS ONE OF THE WORLD’S MOST OPEN countries in terms of trade and investment in mining. Canada remained the world’s top destination for non-ferrous mineral exploration investment in 2015, attracting 13.5 percent of global exploration budgets, while Canadian-based companies accounted for 31.8 percent of global exploration budgets. Access to a reliable supplies and service industry contributes to the success of investments at all stages, and Canada’s mining expertise covers the full range: exploration, geophysics, geology, geochemistry, remote sensing, drilling, exploration, financing, investment analysis, due diligence, legal services, analytical laboratories, engineering services, logistical support, environmental management and more.

“The skills and talents of the Canadian workforce have proven to be one of our key competitive advantages. As a result, we have been proactively recruiting from the Canadian labour pool for our steel business. The team members we are able to recruit—ranging from trade apprentices to technologists to engineers and other professionals needed for our business units to operate productively—are of very high calibre.”

Sean Donnelly, President and CEO, ArcelorMittal Dofasco

  • In 2015, Canada’s mining, mining-related support activities and mineral processing industries employed nearly 373,000 workers and contributed $60.3 billion to Canada’s gross domestic product (GDP), accounting for 3.3 percent of the total GDP.
  • Stock of foreign direct investment in Canada’s mining industry totalled $10.4 billion in 2015.
  • Canada’s leading equity markets, the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV), are home to more than half of the world’s public mining companies.
  • Canada’s top five mineral products by value for 2016 were gold, copper, potash, iron ore and coal. Their combined value was $24.0 billion, accounting for almost 60 percent of the total value of domestic mineral production.