Canada's mining sector is an incredibly important part of our national wealth and prosperity.
Accounting for more than 426,000 direct jobs in mineral extraction, smelting, fabrication and manufacturing, the industry contributed nearly $100 billion to Canada’s gross domestic product (GDP) in 2017.
Indirect activity spurred by the mining sector also supports about 206,000 jobs nationwide. In short, the employment contribution of this very important industry is no small potatoes.
Mined materials and produced goods also account for a massive amount of our total value of exports each and every year (more on this below).
The success of Canada’s mining industry means the difference between putting the food on the table - or not - for hundreds of thousands of Canadians from coast-to-coast-to-coast
It also puts a good chunk of “food on the table” for Canadian governments through substantial contributions to tax revenues.
Just how much of Canada’s exports and tax revenues are created by the mining industry?
Here’s several numbered facts that should answer those questions for you, while painting an even more detailed picture as to just how important this industry is for Canada.
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Canada’s Mining Sector: Economic Contribution
> $97 billion – economic contribution to the national GDP in 2017
> 19.4% - percent of total merchandise exported from Canada in 2017
> $43.9 billion – value of mineral production in Canada in 2016
> $9.3 billion – total payments made to Canadian governments from extractive sector companies in 2017
> $254 billion – total value of publicly traded Canadian-based companies in 2016
Canada’s Mining Sector: Employment Contribution
> 426,000 – jobs across the country in mineral extraction, smelting, fabrication and manufacturing in 2017, up 2.1% over 2016
> 206,000 – indirect jobs from coast-to-coast-to-coast
> 3,772 – number of companies supplying a variety of services to mining operations
> $117,000 – average annual pay for a mining worker in 2017, higher than the construction, manufacturing, finance and forestry sectors
> 455 – number of active agreements between mining companies and Indigenous communities
> 12% - number of Indigenous people in the mining industry’s labour force in 2016, up from 8% in 2011
> Is the largest private sector employer of Indigenous peoples on a proportional basis
> Is a major customer of Indigenous-owned businesses across the country
Canada’s Mining Sector: A World Leader
> 60 – minerals and metals produced by Canada, making it one of the largest and most diversified mining nations
> 50% – percentage of the world’s public mining companies which are listed on the Toronto Stock Exchange (TSX) and the TSX-Venture Exchanges
> 38% – percent of equity capital raised by the TSX and TSX-Venture Exchanges for mining world-wide in 2017
> 1st – global production of potash
> 2nd – global production of uranium and niobium
> 3rd – global production of aluminum, cobalt, nickel, gemstones and platinum group metals
> 4th – global production of cadmium, cobalt, graphite and sulphur
> 5th – global production in diamonds, gold, mica and titanium
> Canadian mining companies are recognized as world leaders in sustainability and safety with the creation of MAC’s Towards Sustainable Mining initiative in 2004
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