Our daily activities are sustained by the indispensable role of natural resources. Notably, minerals and metals significantly contribute to the lives of Canadians across the nation, irrespective of their industry involvement.
Mining, a cornerstone of our existence, provides the foundation for a myriad of products, ranging from the ordinary to the sophisticated. From toothpaste and bicycles to advanced electronics like computers and smartphones, minerals and metals serve as the fundamental elements shaping modern society. These materials are integral to constructing our homes, manufacturing vehicles, facilitating transportation, producing medical instruments, and even supporting food production.
It’s crucial to acknowledge that the absence of minerals and metals would render cleantech, essential for a greener and more sustainable world, impossible.
As one of Canada’s pivotal economic sectors, mining stands as a major contributor to job creation. The country’s elevation to one of the world’s wealthiest nations is, in part, attributed to significant discoveries and advancements in the mining industry over the decades.
For further insights, refer to the Canadian Mining Infographic and explore Mining in Canada — 65 Facts.
Canada’s Mining Industry
Employs hundreds of thousands of Canadians across the country.
Contribution to a Lower-Carbon Future
Plays an essential role in the transition to a lower-carbon future by providing the building blocks for cleantech and energy efficiency.
Commitment to Stringent Regulations
Adheres to strict, world-leading regulations that protect public health, public safety, and the environment.
Is the largest private-sector employer of Indigenous Peoples in Canada.
Is world-class in producing minerals and metals in an environmentally responsible manner.
The benefits of mining transcend mineral extraction and processing, enabling various industrial sectors such as transportation, construction, manufacturing, environmental management, geological services, and education, among others.
Furthermore, the industry significantly contributes to the financial sector, with the Toronto Stock Exchange (TSX) serving as the leading global mining exchange. It lists more of the world’s public mining companies and raises more mining equity capital than any other exchange.
Mining acts as a key driver for improving socio-economic conditions and stimulating a diversified local economy that thrives throughout the life of the mine and extends well beyond in numerous communities across Canada.
In addition to job creation and income generation, mining companies invest in infrastructure, education, vocational training, health care, cultural programs, and environmental initiatives.
Facts About Mining in Canada
- As of 2020, the mining sector directly and indirectly provided employment to more than 692,000 workers across Canada.
- The mining industry made a substantial contribution of $107 billion to Canada’s nominal gross domestic product (GDP) in 2020.
- In 2020, mineral exports constituted 21% of Canada’s total domestic exports.
- Canada stands as a leading producer globally, ranking among the top five for fourteen mined substances crucial to a wide array of modern applications.
- The country produces 60 minerals and metals, serving as vital raw materials for the goods we rely on daily and for advanced technologies that will contribute to sustaining our living standards in the future.
Source: Mining Association of Canada
Check out more about Canada’s minerals and metals:
- Platinum Group Metals