Did you know, Canada is one of the biggest exporters of minerals in the world? Ontario is responsible for 25% of mineral production in Canada. Mining in Canada and the oil industry in Canada provides the country with over 620,000 jobs, accounting for one in every 30 jobs in the country.
The mining industries in Canada have really positive impact on the economy, contributing $170 billion to the gross domestic product (GDP), according to mining.ca. You will find Canada’s mining industry statistics to be rather impressive, for example, in 2018, 3,500 tonnes of Cobalt was produced, valued at $332 million.
Canada ranks among the top five countries in the world for the production of 15 minerals and metals on a global scale. Many of these materials are used in sustainable initiatives, contributing to the low carbon technology needed for a greener future. Becoming more sustainable is a point of interest within mining news in Canada, as well as being one of the main issues facing Canada’s mining industry. Another challenge facing the industry is the pressure to not deplete the natural resources of Canada.
The production and delivery of electricity, oil and natural gas contribute around $170 billion to Canada’s $1.8 trillion GDP, which is just under 10%. Due to crude oil production, Canada produces more oil than it consumes and is a significant net exporter. Canada is actually the fourth-largest producer and exporter of oil in the world, proving itself essential to the country’s economy.
Canada’s mining industry produces 60 different materials and metals that we rely on in our daily lives and within advanced technology. Some examples of these materials include (according to The Canada Minerals and Metals Plan):
- Metallurgical Coal
- Aluminium
- Copper
- Gold
- Molybdenum
- Lead
- Zinc
- Uranium
- Potash
- Nickel
- Cobalt
- Titanium
- Diamonds
- Silver
- Iron
As the Canada mining, quarrying, and oil and extraction sectors continue to rise, Delta believes it’s important to keep shining a light on them. As we look forward to a greener and more sustainable future, we expect to be seeing some exciting developments and revolutions from within these sectors.
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