New Report Highlights the Essential Nature of Canadian Mining in Ongoing Global COVID-19 Economic Recovery Efforts
Today, the Mining Association of Canada (MAC) released its annual Facts & Figures report, a comprehensive overview of current trends, including updated statistics and analysis, in Canada’s mining sector. With the impact of COVID-19 and the resulting heighted demand for minerals and metals, Canada’s mining industry is poised to play a leadership role in economic […]
Facts and Figures 2020
MAC’s annual flagship publication detailing the latest trends in the Canadian mining industry.
Raising the carbon tax makes more sense than you might think
The first time I heard the phrase “carbon tax,” I admit that I was confused. I had a sense this was a policy to help protect the environment, but I couldn’t have told you anything beyond that.
Mining and Forestry Groups Call on Government to Take Action to End Strike at Port of Montreal
Ottawa – Today, resource industry groups have united to demand the federal government intervene in the ongoing Port of Montreal strike. After a protracted rail strike in November, rail blockades in February, and the ongoing and significant supply chain disruption due to the COVID-19 pandemic, the Port of Montreal strike is exacerbating an already stressful situation […]
Critical Minerals Opportunity for Canada
New Gold Rush Sees Prices Soar, Canada’s Miners Proceed Cautiously
Gold on July 27 finally broke its previous record high established in 2011. The yellow metal is up over 30 percent from its low in March, and there may be an opportunity at hand for Canada’s economy to profit while being mindful of the pandemic. “Canada remains one of the top-ranked jurisdictions for mining investment in the world. […]
Despite pandemic, Canada’s mining industry benefits from soaring price of gold
As many sectors grapple with the devastating financial effects of COVID-19, Canada’s mining industry is reporting gold has managed to hit record high prices.
OPINION: Critical mineral supply chains essential for economic development opportunities
Security of critical minerals supply has now become a major concern for government in light of the COVID-19 disruption to global supply chains. A North American solution is required to reduce reliance on China as a sole source of supply of many of our critical minerals.
Government’s Wage Subsidy to Bring Relief to Canada’s Mining Companies and their Workers Amid COVID-19 Pandemic
Today’s announcement by Prime Minister Trudeau, extending the wage subsidy to include businesses of all sizes, is a critical component of a package of reforms designed to help businesses keep workers employed as the economy transitions through the COVID-19 pandemic. As the employer of 626,000 individuals across Canada, accounting for one in every 30 jobs […]
‘Mines are shedding jobs and SME suppliers’
While Canada’s support for small businesses hit by the economic fallout of the coronavirus pandemic has been welcomed, Mining Association of Canada president and CEO Paul Gratton says the entire economy needs to be protected to allow the country to respond when the recovery starts.
