Annual Report 2012

A year in review of MAC activity and achievements.

The year 2012 was an eventful one for the Canadian mining industry. The sector had just seen an incredible year in 2011, which broke records in exploration spending, mineral production value and exports. In 2012, mining continued to outshine many other sectors in Canada in terms of strength, despite some volatility in the latter part of the year in the commodity market.

Looking back, the year was particularly noteworthy due a heightened pace of regulatory reform, which kept MAC and its members busy analyzing how the legislative changes would affect the industry. Federal Budget 2012 introduced changes to the Fisheries Act, and introduced a new Canadian Environmental Assessment Act, a Navigation Protection Act, and a Nunavut Planning and Project Assessment Act. Although MAC supports the government’s reform agenda to make the reviews of mining projects more timely and efficient, how some of the reforms will affect project reviews is less clear and some uncertainty will remain until all the pieces are fully implemented. On the taxation side, risks emerged in relation to the federal government’s changes to Foreign Affiliate Dumping rules. Fortunately, MAC was successful in securing several technical amendments to prevent the significant unintended taxation of the mining industry, and a commitment from Finance Canada to consider future amendments and ongoing dialogue with the association and its members.

For more details on the topics discussed here, and on other aspects of MAC’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. 

Janie Blanchette

Agnico Eagle Mines Limited’s Janie Blanchette is a Health and Safety and Emergency Measures Counsellor and a member of the Goldex mine rescue team. She was a member of the...

Cameco / Cannorth

Supporting Indigenous businesses makes our business better. Canada North Environmental Services (CanNorth) is an Indigenous-owned company. CanNorth was established through the support of Cameco and other uranium mining companies in...

Subscribe to MAC News


*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.