Recent Activities Of Top Mining Companies In Canada

Canada, a country of 34m people, has a vibrant mining industry with more than 1400 companies listed on their Stock Exchange and active in the sector

. The growing demand from highly industrialized nations for raw materials, especially from Asia, is having a significant effect on the Canadian mining industry despite the setbacks of the global recession in 2008-9. The country is now firmly established as a global leader in the production of metals and minerals, it is the leading supplier of uranium and potash to world markets. Mining contributes more than $ 40 billion annually to their economy.Top mining companies in Canada and their activitiesWhether company size is measured in market value, revenue or net assets, these companies are the largest players in Canada in their chosen markets. One of the worlds most successful gold mining companies, Barrick Gold Corporation is active in eight countries and employs more than 20 000 people on 26 mines around the world. Its acquisition of Placer Dome added to its revenues and the high metal prices in its key product lines, gold, copper, silver and zinc, have also impacted profits.A major contributor to the Canadian economy is the Potash Corporation of Saskatchewan, the worlds largest fertilizer producer. It was in the news last year after a hostile bid from BHP Billiton was foiled by the Canadian Government. Suncor Energy Inc is the leader in oil sands exploration and production. The rising price of oil is having a significant effect on its bottom line. A company to watch is Teck Cominco, often referred to as the partner of choice of junior miners. This company is active in most mining sectors, base metals, coal and gold production and is now diversifying into oil sands.Talent and RemunerationThe shortage of experienced middle managers in the 30-50 age group due to the retirement of the baby boomers, those born between 1946 and 1964, is evident in Canada as it is in the rest of the world. The Mining Industry Human Resources Council (MIHRC) says the industry will need an additional labour force of 100,000 people to maintain current levels of production. Although there are initiatives afoot to encourage new entrants the talent gap is widening.Staff retention should be a key strategy for mining companies. Flexibility in HR policy is needed to allow for movement of professionals across continents, they need to consider personalized solutions for key employees and innovative solutions to rotations to suit family life. Design of relevant incentive programs should be high on their agenda.Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.The Coopers Consulting-PwC 2011 Mining Industry Salary Survey reports that CEOs are still riding a wave of high salaries and cash bonuses in 2011. Their statistics show that 56% (a growing number) of CEOs have an annual pay package of more than $ 1m. The PWc report goes on to say that new graduate mining engineers with one to two years of experience can expect an annual package of around $ 75,000. Young mining professionals are therefore well-placed to launch their careers in Canada.The volatile global economic climate could well affect the demand for commodities and there is no consensus on the outlook. However, the mining sector in Canada seems robust enough for the moment.As the professional manufacturer of complete sets of mining machinery, such as Cone crushers,Impact stone crusher,Stone crusher, Henan Hongxing is always doing the best in products and service.Impact crusher for sale:http://www.hxjq-crusher.com/2.html Cement making machine:http://www.crusher-machine.com/38.html

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