Proportionally, the mining industry is the largest heavy industrial employer of Indigenous peoples and provided over 16, jobs to community members.
Richly endowed with natural resources, Canada ranks among the top five countries in the global production of 17 minerals and metals. Capital spending in the sector is projected to account for 4. Our Focus. Towards Sustainable Mining. Facebook LinkedIn Twitter Email.
Facts and Figures. The province is also a major producer of salt and structural materials. Mining benefits all areas of the province , providing a broad scope of employment and entrepreneurial opportunities. Read about the economic contribution of mining to the province.
Having a better understanding of geological environments allows explorers to focus on areas of higher prospectivity, while reducing investment risk. The geoscience activities of Canadian governments also generate information required for various public uses, such as studies related to land use and the environment, geohazards e. Canada has a long and successful history of sustainable mineral development and a strong, well-earned reputation as a leading mining nation.
For example, in it received the Best Country Award for international leadership in governance and for showing the most improvement in terms of attractiveness to investors.
Footnote 7 It is recognized as the safest place to invest resource capital, Footnote 8 and Saskatchewan and Manitoba are ranked the top two most attractive jurisdictions for mining investment in the world, while Quebec is sixth. Footnote 9. In the mining industry, comparisons are often made between Canada and Australia due to their similarities. Canada is ranked 10th for the size of its gross domestic product and Australia is ranked 14th.
Footnote 10 Both countries have open economies with rich mineral endowments, strong public geoscience programs, and minerals and metals industries that remain a significant driver of economic activity. Both are home to a large junior mining sector, major mining companies, and mining service industries—all of which maintain a significant global presence.
Geographic demand patterns for commodities including coal and iron have shifted towards Asia—and notably China. This favours Australia with its large-scale deposits near tidewater and its proximity to this key market. The international investment community closely monitors developments in each country to determine the best location in which to allocate capital. Based on a compilation of publicly announced exploration budgets, Canada is the top destination for mineral exploration investment among countries.
But Australia is not our only competitor. A closer look reveals that while Canadian firms receive a greater share of exploration budgets than any other country, this share has declined in recent years. Footnote Text Version From to , the number and value of major mining projects planned and under construction in Canada have decreased. For instance, Canadian reserves of selected metals have been trending downwards and the country has experienced a decline in the production volumes of key commodities.
Footnote 12 The number of mining-related projects mine constructions, redevelopments, expansions and processing facilities planned and under construction dropped from in to in There are numerous external factors that can explain changes to investment plans and project development timelines e. Leadership on social responsibility including partnership with Indigenous peoples, relationships with local communities, and a commitment to environmental protection , unparalleled access to capital markets, innovation and expertise across the clean technology and mining services and supply chains, have all contributed to the brand.
A key component of the brand is corporate social responsibility CSR and the voluntary actions of companies that serve to integrate social, environmental and economic considerations into their activities. Canadian companies operating abroad are expected to respect human rights and all applicable local laws, and to meet or exceed recognized international standards for responsible business conduct.
It identifies Canada as a trusted partner and as an attractive destination for investment. The program has been adopted by Finland, Argentina, Botswana and the Philippines. It was launched in by PDAC as its signature corporate social responsibility initiative. The original incarnation of e3 Plus was simply e3, which stood for Excellence in Environmental Exploration. Canada is a recognized leading mining nation with a strong domestic sector and a significant international presence.
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