The Mining Association of Canada (MAC) released its annual Facts & Figures report, a comprehensive overview of current trends, including updated statistics and analysis, in Canada’s mining sector. With the impact of COVID-19 and the resulting heighted demand for minerals and metals, Canada’s mining industry is poised to play a leadership role in economic recovery efforts, both domestically and internationally, as the pandemic continues to have a massive impact on our daily lives.
“The COVID-19 pandemic has underscored the significant role the mining sector plays in ensuring the materials people and businesses need now more than ever are both available and responsibly sourced,” said Pierre Gratton, MAC’s President and CEO. “With demand for minerals and metals expected to grow as both the Canadian and global economy recover from the COVID-related downturn, Canada’s mining industry is proud to be recognized as a responsible producer, providing global leadership in corporate social responsibility and environmental stewardship through Towards Sustainable Mining. This year’s Facts & Figures report highlights just how integral our sector is to the products needed during this unprecedented time.”
Highlights from the most recent Facts & Figures report include:
With this good news also comes the need to focus on where Canada’s mining industry still has room to improve when it comes to its global competitiveness:
“Critical to bolstering the industry’s domestic and international leadership is a predictable and consistent domestic policy and regulatory environment, with proactive and bold policy to position the country for longer term success, particularly in the face of the pandemic,” continued Gratton. “There are tremendous opportunities to do that in the areas of critical and battery minerals – arguably the foundation for any resurgence in Canadian advanced manufacturing and essential elements in the move towards a lower-carbon future.”
Public enthusiasm for enhanced critical minerals development in Canada is high, with almost 90% of those surveyed for MAC by Abacus Data liking the idea of Canada being a preferred source for critical minerals and wanting to see government take a number of steps to support this approach. It is clear that these essential elements required as inputs in the goods, including clean and healthcare technologies, we create and on which Canadians and our economy depend represent an important opportunity for the country’s mining sector and economy as a whole.
“We feel energized by federal commitments pertaining to mining and critical minerals in particular, including the Canadian Minerals and Metals Plan and the Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, and we look forward to working with the new Biden administration given the enormous opportunity before us for enhanced partnerships between Canada and the US in this space,” concluded Gratton. “Our industry has a significant role to play in Canada’s economic recovery and can provide leadership in the critical minerals space, the time to seize the moment is now.”
For more information on MAC’s Facts & Figures report, please visit: https://mining.ca/documents/facts-figures-2020.
The mining industry is a major sector of Canada’s economy, contributing $109 billion to national GDP and responsible for 19% of Canada’s total domestic exports. Canada’s mining sector employs 719,000 people directly and indirectly across the country. The industry is proportionally the largest private sector employer of Indigenous peoples in Canada and a major customer of Indigenous-owned businesses.
The Mining Association of Canada is the national organization for the Canadian mining industry. Its members account for most of Canada’s production of base and precious metals, uranium, diamonds, metallurgical coal and mined oil sands, and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication. Please visit www.mining.ca
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