The Most Multiparous Industry In Canada

The mining sector is one of Canadas most productive industries and a major contributor to the countrys ongoing economic prosperity.How much do you know about this vital Canadian industry

?Mining, Productivity and the Canadian Economy: a vital, energetic partnerIn 2003, the mining and mineral processing industries contributed $40.8 billion to the Canadian economy, an amount equal to 4.0% of the national Gross Domestic Product (GDP)Labour productivity in the metal mining sector grew by an average 6.2% annually (19892001), compared to the Canadian average of 1.6% per annum.Over the period 19892001, the mining industry was among the top 10 leading industries in total factor productivity growth, rising at an annual average rate of 2.8%almost four times Canadas total economy productivity growth record.Mining and Employment: providing direct, stable, knowledge-based opportunitiesIn 2003, the mining and mineral processing industries directly employed 388,898 Canadians. Of these, approximately 47,300 were employed in mining in 808 mine establishments, 87,000 in primary metal manufacturing, 52,000 in nonmetal manufacturing and 203,000 in the fabricated metal manufacturingIn 2003, 1 in every 41 jobs was provided by the mining sector, while 1 in every 10 jobs in the goods producing sector was in the minerals and metals sector.Average 2003 weekly earnings in the mining, quarrying, smelting and refining industry of $1,086 are among the highest of any industry in the Canadian economy. Average weekly earnings in the metal mining industry itself were $1,160 compared to $852 in forestry, $823 in construction and $638 in the services sector.Total average weekly wages in the mining, quarrying, smelting and refining industry in 2003 were $52 million. Total annual average direct wages paid by the mining, quarrying, primary metal manufacturing (smelting and refining) industry were $2.7 billion. Including fabricated metal manufacturing, total annual average wages rise to $18.78 billion.Mining and Infrastructure: the backbone of Canadas regional and rural economyRoughly 1,100 Aboriginal communities are located within 200 kilometres of domestic mining projects, creating an important source of economic opportunity.Mining makes a significant indirect contribution to the Canadian economy. For every $1 billion in output created by the mining, smelting and refining industry, direct demand for goods and services rises by $615 million, with significant second and third round multipliers increasing demand to $838.8 million.There are more than 2,200 suppliers of mining goods and services, with more than half of these suppliers depending on the mining industry for at least 50% of their revenues.Minerals and fabricated mineral products accounted for 73% of total volume handled at Canadian ports in 2002 and about 61% of total rail revenue freight in 2003 for the domestic railway system.Mining and Trade: a global leaderCanada is a world leader in the production and export of many important minerals and mineral products. In 2003, Canada ranked: First in potash and uranium Second in cobalt Third in titanium, nickel, aluminum, gypsum and platinum-group metals Fourth in asbestos, zinc, and cadmium Fifth in molybdenum and salt leadIn 2003, minerals and metal exports were valued at $46.6 billion, representing 13.2% of total Canadian exports or 1 in every 8 export dollars.74% of Canadian mineral and metals production is destined for export.Mining and Investment: a global centre for mine financing and explorationExploration and deposit appraisal investment was $641.3 million in 2003 with $4.22 billion in total mineral development expenditures (2002). Canada ranks second in the world in exploration expenditures.In 2003, Canadian financial institutions raised US$9.04 billion in equity for the global mineral industry, roughly 45% the total global equity raised for the mining sector.In 2003, 1,340 mining and exploration companies were listed on either the Toronto Stock Exchange (TSX) or TSX Venture, representing more than half of the worlds public mining companies.In 2003, mining represented 30% of all shared traded on the TSC, 26 mining companies had a market capitalization greater than C$1 billion representing 13 of the top 100 top market capitalization companies listed on the TSX.Mining and R&D: all in a days workTo maintain its prominent competitive position, the mining industry invested $324 million in 2003 in new technologies to make operationsfrom exploration through to the production of metal productsmore efficient.Technological advancement has enabled the mining and processing of previously uneconomic deposits by lowering production costs.According to the 2003 Canadian Corporate R&D Database, Canadian mining companies represent 2 of the top 40 and 7 of the top 100 private sector R&D investors.As the professional manufacturer of complete sets of mining machinery, such as Spiral separator,Impact crusher,Hammer Crusher, Henan Hongxing is always doing the best in products and service.Impact crusher for sale:http://www.hxjq-crusher.com/2.html Vibrating feeder:http://www.crusher-machine.com/7.html

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