Close this search box.

Annual Report 2009

A year in review of MAC activities and achievements.

After the economic tumult of late 2008 and early 2009, the latter part of 2009 showed some signs of recovery. The future looks promising for Canadian mining companies. Many indicators suggest that despite impressive growth over the past decade, China and India remain relatively undeveloped and offer strong market opportunities for decades to come. Canada will benefit from the mineral and metal prices associated with the global demand that these developing countries create. Further, as an investment destination, Canada features low taxes, little political risk, a stable energy supply and a skilled mining workforce. The Canadian industry is also diversified, with strengths in such areas as oil sands, potash, uranium, gold, diamonds, aluminum, nickel and iron ore. This diversification provides a degree of stability during cyclical commodity-specific movements.

In 2009, a study by Canadian Business for Social Responsibility found that MAC’s Towards Sustainable Mining initiative has earned a high degree of credibility and promotes continuous improvement. The study’s review of corporate social responsibilityframeworks for the extractive industry reaffirms that TSM is effective and credible, and that it enables our members to demonstrate their commitment to improved performance in sustainable development.

The TSM initiative continued to evolve during the year. After extensive committee efforts, consultations with the TSM Community of Interest Advisory Panel, and hard work by initiative leaders and other MAC committees, MAC’s Board of Directors approved three new protocols that will be integrated into TSM over the next few years. By 2013 all MAC members will publicly report their TSM scores in the areas of safety and health, biodiversity conservation, and Aboriginal and community outreach. These are the first new performance elements since the TSM initiative began in 2004.

For more details on the topics discussed here, and on other aspects of MA C’s work, we encourage you to read the annual report in full.

Related Resources

Report  | 
A year in review of MAC activities and achievements.

Popular Resources

Report  | 
MAC’s annual flagship publication detailing the latest trends in the Canadian mining industry.

Canadian Mining Stories

The sector is a major economic driver in our Canadian economy and a great contributor to jobs and leading technologies and here are our stories. 

Suncor / East Tank Farm Development

Innovative and collaborative spirit is securing benefits for generations to come In 2017, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) completed the purchase of a 49%...

Cristina Bertoni

As Yamana Gold Inc’s VP of Procurement Cristina Bertoni is responsible for all supply chain & procurement operations for the company. She is passionate about D&I and has received awards...

Subscribe to MAC News

"*" indicates required fields


*Indicates a required field

You can unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

By clicking submit, you consent to allow The Mining Association of Canada to store and process the personal information submitted above to provide you the content requested.