Mining in Canada
One of Canada's Natural Resources
Canadian Mining Facts
- Computers, smartphones, cars, buses, buildings, furniture and almost everything else are created from the minerals and metals we mine.
- We as human beings rely on mining to support our daily lives. Canada relies on mining to keep the economy booming with money.
- Mining is one of Canada’s most important economic industry.
Canada is rich in geology, that it is one of the largest mining nations in the world producing more than 60 minerals and metals.
Canada ranks in the top five countries in the global production of 11 major minerals and metals:
First in potash
Second in uranium and cobalt
Third in aluminum and tungsten
Fourth in platinum group metals, sulphur and titanium
Fifth in nickel and diamonds
57% of the world’s public mining companies are listed on the Toronto stock exchange
Mining companies in Canada were the first in the world to develop an externally-verified performance system for sustainable mining practices with the creation of MAC’s Towards Sustainable Mining initiative in 2004.
Mining alone gained Canada's Gross Domestic Product in 2013 by $54 billion
The mining industry contributed for 19.6% of the value of Canadian exports in 2013.
Canada’s value of mineral production was nearly $43.6 billion in 2013.
The mining industry's payments to Canadian federal and provincial governments total $71 billion in taxes and royalties from 2003-2012
- Gold also known as an which comes from aurum which means shining dawn
- Top mining companies combined generated 453 bn a year
- Did you know diamonds should be one third of the retail price and if you buy a diamond and try to sell it you would get approximately one third.