Canada’s Top 40 are enjoying another year of prosperity

‘Tis that time of the year again! Based on financials from 2023, this issue features our annual Top 40 ranking of Canadian producers (pages 19-27). The Canadian mining sector continued to enjoy prosperity despite issues related to permitting, high interest rates, and global geopolitical risks. The Top 40 companies’ total revenues reached $166 billion in 2023. That is despite the halted development of critical minerals’ projects that led to this year’s ranking lacking the presence of any critical minerals’ producers again despite the global push to reach net-zero by 2050.

We continue to raise the alarm on permitting issues in Canada, and how it will lead to this country missing the huge generational opportunity to invest in and benefit from foreign investments in critical minerals that are essential to the most anticipated energy transition. Flip to page 12 to read the law column by David Hunter for more details.

Also in this issue, we feature several articles on trucks, heavy equipment, and conveyors on pages 47 to 64. Additionally, there are several articles on mining operations, including reclamation, decarbonization, critical minerals, ventilation, and more.

Last June, I attended the ribbon cutting ceremony of the new state-of-the-art, off-the-road (OTR) tire installation stand (CAT 797 hub) in Kal Tire’s training facility in Fort McMurray, Alberta. The article on page 49 features details on the new stand and exclusive pictures from the visit.

Moreover, our readers can enjoy information on diamonds featured in the history of mining article by Kathleen White on page 67.

So far this summer, the biggest mining news is Victoria Gold’s heap leach failure in Yukon’s Eagle gold mine. The ramifications of the incident are expected to lead to the departure of the company from our upcoming Top 40 list.

Finally, our next issue, September 2024, will report on gold projects of merit across Canada and North America. We will also look at innovative technology designed to help gold miners operate more efficiently and sustainably. Relevant editorial contributions can be sent directly to the Editor in Chief no later than Aug. 7, 2024.

Obituary: Russ Noble

It saddens our hearts to inform our readers that our former Editor in Chief, Russ Noble, passed away. Russ was an accomplished, award-wining journalist/editor, spending his career writing for various industry publications including Canadian Consulting Engineer, Heavy Construction News, and retiring from the Canadian Mining Journal. The Canadian Mining Journal’s team would like to extend the deepest condolences to Russ’s wife, sons, and the rest of the family.

— Tamer Elbokl, PhD

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