Copy
Pour voir ce courriel en français, cliquez ici.

In This Issue:

Facts & Figures 2012 Report:  Canadian Mining Industry Sets New Records

MAC’s new Facts & Figures 2012 report shows the Canadian mining industry set new records in exploration spending, exports and production value in 2011. 

These recent achievements showcase the mining sector’s relative strength as it faces some challenges in the coming year brought on by the state of the global economy and some fluctuations in the commodity market.

From Facts & Figures 2012:

  • Exploration investment in Canada reached a record $3.9 billion in 2011. Canada remained the world’s top destination for exploration spending in 2011, hosting 18% of global investment. 
  • The industry exported a record $101.9 billion worth of metals, non-metals and coal in 2011, accounting for 23% of Canada’s total exports.
  • Canadian mineral production value rose 21% to a record $50.3 billion in 2011.
  • The sector contributed $35.6 billion to the national GDP and employed 320,000 workers across the country in 2011—both increases over 2010 figures.

“As exploration activity and mineral production are intrinsically linked, the Canadian mining industry could see a dramatic expansion in the years to come. While some volatility is anticipated, the larger determinant in capitalizing on the opportunities before us is to ensure the industry has access to the right investment and regulatory environments it needs to support development.”  –  Pierre Gratton, MAC’s President and CEO

While well-established mining provinces continued to dominate in mineral production, with Ontario ($10.6 billion), Saskatchewan ($9.2 billion), British Columbia ($8.5 billion) and Quebec ($7.7 billion) seizing the top four spots, there were notable increases in other regions. 

Over the past 40 years, Facts & Figures has become the essential guide to the Canadian mining industry. The report covers the production, reserves, exploration, trade and investment, innovation, tax and human resources aspects of the sector.  The report data is compiled from a number of sources, including the Government of Canada, MAC-commissioned research, mining databases and consultancy groups. The 2012 edition of Facts & Figures is now available in print and online at www.mining.ca.

New Vale Earth Gallery Unveiled at the Canadian Museum of Nature

 
The Canadian Museum of Nature’s impressive geological displays and gems collection have new digs in its newly-expanded Vale Earth Gallery. The gallery is a permanent exhibit and takes visitors through geological time to show how Earth was formed, and the forces that continue to shape it. The exhibit also highlights the connection between minerals and metals and everyday life in its Earth’s Precious Resources section, which the Mining Association of Canada has sponsored. 
 
After two years of planning and extensive renovations, the museum officially launched the gallery on November 28, 2012 with the help of its title sponsor, Vale. “We are very proud to partner with one of Canada’s leading cultural champions to educate visitors about all facets of the earth’s resources. Every day, as we work to transform these resources into prosperity and sustainable development, we are fortunate to see the earth’s magnificence in all its splendor,” said Peter Poppinga, CEO, Vale Canada Limited. For more information about the Vale Earth Gallery, visit the Canadian Museum of Nature’s website at www.nature.ca
 

New CSR Accountability Report Released

 
MAC has released a new report comparing Canada’s legislative and regulatory regimes to those found in select developing countries with Canadian mining development, including Tanzania, Guatemala, Peru and Papua New Guinea.
 
The report, prepared by Fasken Martineau for MAC, found that although each country had comparable laws to Canada ‘on the books’, issues stemming from weak governance were inhibiting meaningful enforcement. The report also found that inconsistent application of rules is further aggravating the situation, and resulting in uncertain investment environments. 
 
In commissioning the report, MAC’s aim was to better understand the current state of accountability for Canadian mining companies operating in developing countries and how their regimes differ from Canada’s. The findings clearly identify a strong need for government, industry and civil society to come together to help build strong governance capacity in foreign jurisdictions.
 
“Canada can play a role in helping developing countries strengthen accountability in mining development. The recently announced Canadian International Institute for Extractive Industries and Development is a good example of how we can lead the charge in building stronger governance capacity in host countries.”  – Pierre Gratton, MAC’s President and CEO
 
The report also looked at why mining companies are increasingly adopting voluntary international initiatives. It found that the initiatives act as a sort of ‘stop-gap’, enabling Canadian companies to operate in accordance with best practices wherever they invest and operate. The full Corporate Social Responsibility Accountability Report is available at www.mining.ca

Canadian Mining Hall of Fame Honours Four New Inductees

 
The Canadian Mining Hall of Fame celebrated its 25th annual induction ceremony in Toronto on January 10, 2013, by honouring four new members for their outstanding lifetime achievements in the industry. The 2013 inductees are: 
  • Charles E. Fipke. Revered geologist and diamond explorer. Discovered Canada’s first diamond mine, the Ekati mine in the Northwest Territories.
  • Gerald W. Grandey. Former president and CEO of Cameco. Oversaw the negotiation of the Highly Enriched Uranium Agreement allowing uranium from dismantled Russian nuclear weapons to find safe passage to Western reactors.
  • Pierre Lassonde. Best known as a pioneer of the gold royalty business and a philanthropist who donates generously to educational institutions. 
  • James C. O’Rourke. Mine builder and a pioneer in partnering with Japanese companies to help finance mine developments, contributing to British Columbia becoming Canada’s “Pacific Gateway” for international trade.
The Hall has approximately 160 inductees, whose names are currently featured at five locations—the University of Toronto’s Mining Building, the Royal Ontario Museum, the Nuclear and Mining Museum, the Britannia Mine Museum, and most recently, the Canadian Museum of Nature. For more information about the Canadian Mining Hall of Fame and the 2013 inductees, visit www.mininghalloffame.ca
 

MAC Releases its 2012 TSM Progress Report

 
MAC has released its eighth annual Towards Sustainable Mining (TSM) Progress Report. The 2012 report details MAC members’ 2011 performance in minimizing their operations’ environmental impact and energy use, and the initiatives they have undertaken to positively contribute to surrounding communities.
 
The report shows steady improvement in company results, including such highlights as: 
  • 90% of facilities have strong engagement practices within their communities.
  • The number of facilities with a comprehensive energy use reporting system has increased by 20% over last year to 64%.
  • 80% of facilities have assigned accountability and responsibility for tailings management to the company’s Chief Executive Officer or Chief Operating Officer. This demonstrates a commitment to best practices in tailings management at the highest levels of the organization.
Participation in the TSM program is mandatory for all MAC members. The report includes facility-level results for 20 member companies and externally-verified results for five companies. To download the 2012 TSM Progress Report or to learn more about the program, visit www.mining.ca/tsm

Mining Day on the Hill 2012 a Great Success

 
Each year, MAC holds its flagship event, Mining Day on the Hill, where senior mining executives connect with Ottawa-based decision makers on current and emerging trends facing the Canadian mining sector. This year’s theme was Value Beneath the Surface, denoting the industry’s current role as a powerful economic driver and the potential for more growth in Canada’s mining sector.
 
On November 20, 2012, sixty MAC members participated in nearly sixty meetings across the National Capital Region with senior public servants from relevant government departments and political stakeholders representing all major political parties. Discussion centered on the regulatory environment, human resources, trade, corporate social responsibility, infrastructure and finance. 
 
The same day, we held a luncheon in partnership with the Economic Club of Canada, which featured Scotiabank’s Patricia Mohr as the keynote speaker. An accomplished economist, Ms. Mohr provided thoughtful insights on the current state of the commodity market and its long-term positive outlook supported by China and the emerging markets. The day concluded with MAC’s Annual Reception at the Château Laurier. We would like to thank the Canada Museum of Science and Technology for providing interesting “mining” artifacts, such as gold exploration tools, an antique drill and even a replica of a satellite made of numerous minerals and metals.
 

2012 TSM Award Winners Announced

 
MAC’s reception on Mining Day included an awards ceremony to recognize four deserving member companies with Towards Sustainable Mining (TSM) Performance Awards for excellence in environmental stewardship and community outreach.
 
BHP Billiton-EKATI, IAMGOLD Corporation, Inmet Mining Corporation and Suncor Energy Inc. each received awards for facility-level achievements in one or more of the three pillars of TSM: Communities and People, Environmental Footprint and Energy Efficiency.
 
About the Mining Association of Canada (MAC)
 
MAC 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, steel making coal, mined oil sands and industrial minerals and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication.
 
Visit our website here   •   Keep up with us on Twitter
Copyright © 2013 Mining Association of Canada, All rights reserved.
unsubscribe from this list    update subscription preferences