SASKATOON, Sept. 8 /CNW Telbec/ - The Mining Association of Canada is
pleased to release its annual Facts and Figures publication at the Mines
Ministers Conference in Saskatoon. Facts & Figures 2008 provides details on
the production, reserves, exploration, trade and investment, innovation, tax,
and human resource aspects of the industry.
Facts and Figures 2008 underscores the importance of the industry to
Canada's economy - the sector contributed $42 billion to Canada's GDP in 2007,
employing 363,000 workers in mineral extraction, smelting, fabrication and
manufacturing, and providing business to over 3000 companies supplying
engineering, geotechnical, environmental, financial and other expertise.
While the industry is important in small communities, it also generates
prosperity in our larger cities - Toronto (finance), Vancouver (exploration),
Montreal (aluminum, iron ore), Edmonton (oil sands) and Saskatoon (uranium,
potash) have all emerged as global mining centres. The industry is the largest
private employer of Aboriginal Canadians with potential to further increase
this relationship. The industry is also an important contributor to government
coffers - paying over $10 billion in taxes and royalties to federal and
provincial/territorial governments in 2006.
Facts & Figures 2008 also highlights a number of the trends, issues and
challenges facing the industry, as well as recommended changes and
improvements to public policy. In particular:
- The Canadian industry faces competitiveness challenges, both at the raw
materials and value-added processing stage. These include declining
levels of Canadian reserves, increasing costs, and inefficient and
duplicative project review processes.
- The importance of tax measures that could help extend the reserve life
of existing mines, enhance the raw material supply chains for value-
added facilities and encourage capital investment in efficient
companies and facilities.
- The need for a Federal climate change plan that is effective, efficient
and synchronized, and the need for project review processes that are
timely, consistent and fair.
- Strategic federal investments in human resources, skills, and
infrastructure are needed to support the long-term prospects and
vibrancy of the industry.
- Governments need to implement a clear path forward on consultation and
accommodation of First Nations, efficient resolution of First Nation
land claims and a strategy to encourage Aboriginal participation in
"Minerals and metals help build the products and infrastructure essential
to modern life. This output is also fundamental to the emergence of clean
energy technologies such as hybrid vehicles and lightweight materials," said
Gordon R. Peeling, President and CEO of the Mining Association of Canada.
"Facts & Figures 2008 provides an excellent overview of the issues, challenges
and activities of the Canadian mining industry - in Canada and abroad".
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 semi-fabrication.
For further information:
For further information: Maggie Papoulias, (613) 233-9392, ext 325,