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.
The Mining Association of Canada is pleased to have its 30 Things resource to showcase the essential role mining plays in our daily lives.
3o Things can also be viewed in Spanish here.
Did you Know?
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.
Around the world, countries want Canadian investment. They want us for how we go about our business, how we work with communities and raise standards. We are one of the safest jurisdictions for mining in the world, and the Canadian mining sector’s commitment to responsible environmental and social practices is widely recognized internationally.
Key findings from MAC’s Facts & Figures 2020 report:
- In 2019, the mining sector contributed $109 Billion, or 5%, of Canada’s total nominal GDP.
- The industry’s direct and indirect employment accounts for 719,000 jobs, accounting for one in every 26 jobs in Canada.
- Proportionally, the mining industry is the largest heavy industrial employer of Indigenous peoples and provided over 16,500 jobs to community members.
- The Toronto Stock Exchange (TSX) and TSX Venture Exchange are the world’s number one mining and exploration listing venues, where 37% of global mining equity has been raised over the last five years.
- Richly endowed with natural resources, Canada ranks among the top five countries in the global production of 17 minerals and metals.
- Valued at $106 billion in 2018, mineral exports accounted for 19% of Canada’s total domestic exports.
With this good news also comes the need to focus on where Canada’s mining industry still has room to improve when it comes to its global competitiveness:
- While 2020 saw a modest increase in the value of mining projects planned and under construction from 2020 to 2030 (by $2 billion year-over-year), the total 10-year projected value ($82 billion) remains nearly 50% below the 2014 level of $160 billion.
- Canada continued to lose ground to Australia in the competition for the world’s top destination for non-ferrous exploration spending in 2019, accounting for 13% of total global expenditures in 2019. Capital spending in the sector is projected to account for 4.9% of Canada’s total at $11.9 billion, also down year-over-year.
- Canada’s share of global production for critical minerals and metals has been eroding, with other jurisdictions capturing greater market share for growing demand.
Source: Facts & Figures 2020 (Mining Association of Canada)