The flood of new data in the past month about Canadian mining and mineral exploration shows an industry getting back on its feet after five tough years, notwithstanding continued difficulties in the potash and uranium subsectors.
The Mining Association of Canada’s (MAC) newest Facts and Figures report on Canadian mining released in February has a subtext that “cautious optimism is returning to the global mining industry” – which was also frequently expressed by speakers and delegates at the Prospectors & Developers Association of Canada convention in Toronto in March.
Canada still ranks among the top five countries for producing quite a few mineral commodities: first in potash; second in uranium, nickel and niobium; third in cobalt, aluminum and platinum; fourth in salt, sulphur and tungsten; and fifth in diamonds, graphite and gold.
Mining is responsible for direct and indirect wages and employment of 563,000 people across Canada (of which 373,000 are direct), and wages are the highest of any significant industrial group.
Continue reading at The Northern Miner.