$139 billion in new projects planned in the next decade
OTTAWA, Feb. 2, 2012 /CNW/ - Mining in Canada is back and growing
according to the latest report by Mining Association of Canada (MAC). MAC's annual Facts & Figures 2011 finds that mining in Canada has not only recovered from the 2008
economic crisis, but is now entering a period of significant and
Canada's mining sector contributed $36 billion to the national GDP in
2010, and employed 308,000 workers in mineral extraction, smelting,
fabrication and manufacturing. An additional 3,215 companies supplied
engineering, geotechnical, environmental, financial and other services
to mining operations.
In 2010, the value of Canadian mineral production rose by 31% and
mineral exploration increased by 35%. The industry exported $84.5
billion worth of metals, non-metals and coal in 2010, which accounts
for 21.2% of Canada's total exports.
According to MAC, Canada's mining industry plans to invest a further
$139 billion in new projects nationwide over the next decade. The
success of these projects will depend on several factors including:
An efficient regulatory process. The Canadian mining sector is a leader in responsible mining, and that
includes complying with a rigorous regulatory process, but every effort
must be made to avoid unnecessary and costly regulatory delays.
Sufficient human resources. The Canadian mining sector will need to hire over 100,000 people within
the next 10 years.
Improved Infrastructure. Operating mines are often in remote locales and they require roads,
marine access and power grids. A long-term strategic approach to
infrastructure investment will be required to fully capitalize on the
"Mining in Canada is playing a leading role in Canada's economic
recovery. We are generating significant results, we are creating
valuable new jobs and we are optimistic about the opportunities in the
future," said Pierre Gratton, President and CEO of the Mining
Association of Canada. "Working responsibly and co-operatively, we
believe mining will be a good news story for Canada for years to come."
The Mining Association of Canada is the national organization for the
Canadian mining industry. Its members account for most of Canada's
production of base and precious metals, uranium, diamonds,
metallurgical coal, mined oil sands and industrial minerals and are
actively engaged in mineral exploration, mining, smelting, refining and
SOURCE The Mining Association of Canada
For further information:
Paul Hebert at (613) 233-9392, ext 325 - email@example.com