Minerals and metals are the building blocks of the computers and smartphones we rely on, of the vehicles and public transit that get us places, of the buildings where we live and work, and of green technologies that help make the world a more sustainable place.
Just as we as 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 important economic sectors and a major job creator.
Did you Know?
The Canadian mining industry is…
A major employer:
- The industry directly employs more than 426,000 workers across the country in mineral extraction, smelting, fabrication and manufacturing, and indirectly employs an additional 206,000.
- The mining industry is the largest private sector employer of Indigenous peoples in Canada on a proportional basis, and a major customer of Indigenous-owned businesses.
- Canada has one of the largest mining supply sectors globally with more than 3,772 companies supplying engineering, geotechnical, environmental, financial and other services to mining operations.
- The average annual pay for a mining worker in 2017 exceeded $117,000, higher than the forestry, manufacturing, finance and construction sectors.
- There are more than 455 active agreements between mining companies and Indigenous communities. These agreements help ensure mining projects bring long-lasting benefits to local communities through support for education, skills training, employment, business development, and more.
An economic engine:
- Mining contributed $97 billion to Canada’s Gross Domestic Product (GDP) in 2017.
- The industry accounted for 19% of the value of Canadian goods exports in 2017.
- Canada’s value of mineral production was $43.9 billion in 2016.
- According to the Natural Resource Governance Institute, in 2017, extractive sector companies reported payments totalling more than $9.3 billion to Canadian governments.
A global leader:
- Thanks to its rich geology, Canada is one of the largest mining nations in the world producing more than 60 minerals and metals.
- Canada ranks in the top five countries in the global production of 16 major minerals and metals:
- First in potash
- Second in uranium and niobium
- Third in nickel, gemstones, cobalt, aluminum and platinum group metals
- Fourth in cobalt, cadmium, graphite and sulphur
- Fifth in diamonds, titanium, gold and mica
- 50% of the world’s public mining companies are listed on the TSX and TSX-Venture Exchanges. Together, the two exchanges accounted for 38% of the equity capital raised globally for mining in 2017.
- Globally, Canada is recognized for its leadership in safety and sustainability. Mining companies in Canada were the first in the world to develop an externally-verified performance system for sustainable mining practices with the creation of MAC’s Towards Sustainable Mining initiative in 2004.
Source: Facts & Figures 2018 (Mining Association of Canada)