Canada has the largest number of mines, almost 200, and it produces almost 7,000 quarries. It has produced more than 60 minerals and metals that have a total worth of $41 billion. Canada’s Mining Industry is one of the biggest sector you should know.
Main cities are known for mining
The most well-known industry famous for mining is situated in Quebec, it has the most diversified Canada’s Mining Industry. Its largest products are iron ore, zinc metal, gold, and precious diamonds. Ontario is said to produce the largest number of minerals and metals in the Canadian state. Gold, copper metal, and nickel are some of the main metals found in the province. Meanwhile, Manitoba is the most famous producer of zinc in Canada.
We have compiled some reputation cities leading in mining.
- Northern Saskatchewan is the leading producer of uranium and gold.
- Southern Saskatchewan is producing potash and coal.
- Northern Manitoba is famous for nickel, cobalt, and gold production.
- Flin Flon is leading in the production of copper, zinc, and gold.
- Northern Ontario is famous for gold, palladium, platinum, copper, zinc, diamond production.
- Sudbury has famous industries of nickel, copper, and cobalt.
- Timmins produces gold and silver.
- Toronto and southern Ontario are well-known industries of salt and uranium refining.
- Nunavut produces gold and iron.
- Elk Valley is known for metallurgy and coal.
- Kitimat for aluminum production.
- Northern BC for copper, gold, molybdenum, and metallurgical coal.
- Southern BC for copper, gold, and molybdenum.
- Vancouver is globally known for mine financing and allied industries.
- The trail for lead and zinc.
Minerals and Metals
The Canada’s Mining Industry is leading in 13 minerals and metal production
- It holds the first position in the production of potash.
- The second-largest production is uranium and niobium.
- The third-largest producing metals are nickel, cobalt, aluminum, and platinum.
- It has maintained the fifth position in gold and diamond mining.
International Position in Mining
Canada’s mining companies are operating in at least 100 countries across the globe. Almost 699 Canadian companies have mining assets in other countries. In recent time CMAA stood at $168.7 billion in 2017. If we compare this figure is almost twice of its mining assets as its own country which we can count to $91.4 billion. Its value is almost 1.4 times of all total Canadian mining assets.
Contribution to the Canadian economy
The Canadian mining industry highly contributed to its Canada economy. Mining Industries offer opportunities for employment to almost 409,000 people in the field of mineral extraction and smelting. 217,000 workers get employment in the field of fabrication and manufacturing. Private-sector industries offered over 16,500 jobs. In 2018, the contribution of all mining sectors was $97 billion, and as the result, its total normal GDP increased up to 5%.
Canada is counted among the countries that lead in mining at the international level and the largest producer of minerals as well as metals. Canada’s industrial production was almost 20%, worth $104.5 billion. It is the overall value of all Canadian minerals and metal exported to other countries in the year 2018.
Canada is the world’s top country, known for its non-ferrous exploration expending in 2018, it has increased its share percentage by 1.3% to 15% of total expenditures around the globe. The capital spending in the sector is projected for 5.1% of its total at $12.9 billion, up to 5% year-after-year.
After struggling hard in the recent years of mining industries trending downwards, now statistics of both growth and expansion shows a huge shift upwards. Mining is also important at the local level of Canada’s community. Mining industries have made a big contribution to the economies of big cities of Canada like Toronto. It is famous for mining, finance around the globe.
The TSX Total Stock Exchange is the world’s number one mining and exploration destination. It has the world’s total equity capital raised in 2018.
The world’s leading group of companies is in Vancouver. Montreal is leading in largest aluminum metal and iron ore related firms. The highly appreciated centre for oil sands is in Edmonton. They are also experts on uranium and potash. The annual account of this industry is approximately 50% of total railway freight revenue and if we measure its shipping sectors volume by both modes railway and marine, it has increased by $123,000 in the year 2018
Canada is the biggest producer of minerals, without hesitation. Canada’s Mining Industry are considered the pillars of its economy, having good opportunities for investors and providing employment to thousands of people. It is a global hub for business associations and it’s still working on developing its technical skills in the field for raising the standard of mining industries worldwide.