Mining in Canada: the Bigger Picture
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~ Coal Mining in Canada: a Historical and Comparative Overview
~ Coal Mining in Canada: A Historical and Comparative Overview Delphin A. Muise Robert G. McIntosh Transformation Series Collection Transformation "Transformation," an occasional paper series pub- La collection Transformation, publication en st~~rie du lished by the Collection and Research Branch of the Musee national des sciences et de la technologic parais- National Museum of Science and Technology, is intended sant irregulierement, a pour but de faire connaitre, le to make current research available as quickly and inex- plus vite possible et au moindre cout, les recherches en pensively as possible. The series presents original cours dans certains secteurs. Elle prend la forme de research on science and technology history and issues monographies ou de recueils de courtes etudes accep- in Canada through refereed monographs or collections tes par un comite d'experts et s'alignant sur le thenne cen- of shorter studies, consistent with the Corporate frame- tral de la Societe, v La transformation du CanadaLo . Elle work, "The Transformation of Canada," and curatorial presente les travaux de recherche originaux en histoire subject priorities in agricultural and forestry, communi- des sciences et de la technologic au Canada et, ques- cations and space, transportation, industry, physical tions connexes realises en fonction des priorites de la sciences and energy. Division de la conservation, dans les secteurs de: l'agri- The Transformation series provides access to research culture et des forets, des communications et de 1'cspace, undertaken by staff curators and researchers for develop- des transports, de 1'industrie, des sciences physiques ment of collections, exhibits and programs. Submissions et de 1'energie . -
INVEST in LOW BUSINESS Canada Ranked First Among 60 Countries for TAX RATES Quality of Life
PROFIT PERFORMANCE STABILITY PROFIT PERFORMANCE INNOVATION DIVERSITY DIVERSITYINV STABILIEST TIYN PROFIT PERFORMANCE INNOVATION PROFIT DIVERSITY STABILITY STABILITY DIVECANADA’SRSI COMPETITIVETY INN ADVANTAGESOVATION PROFIT DIVERSITY STABILITY PROFIT PERFORMANCE INNOVATION PROFIT DIVEMININGRSITY STABILITY PERFORMANCE INNOINDUSTRIESVATION DIVERSITY PROFIT PERFORMANCE STABILITY PROFIT PERFORMANCE STABITLITY PROFIT DIVERSITY STABILITY DIVERSITY INNOVATION PROFIT PERFORMANCE STABITLITY PROFIT DIVERSITY CANADA’S MINING CANADA’S KEY STRENGTHS SECTOR Abundant mineral and metal resources In 2015, Canada’s mining, mining-related A WEALTH OF Sustainable mineral support activities and mineral processing OPPORTUNITIES development: one project industries employed nearly 373,0001 workers and contributed $60.3 billion to Canada’s Canada produces some 60 minerals and and one review in a gross domestic product (GDP),1 accounting metals, and is the world’s largest producer clearly defined time period for 3.3 percent of the total GDP.1 In 2015, of potash. It is also a major producer of Canada’s mineral exports, which include ores, aluminium,* cobalt, diamonds, gold, nickel, concentrates, and semi- and final-fabricated platinum group metals, salt, tungsten Sophisticated financial mineral products, accounted for 19.1 percent and uranium.5 In Canada, there are over institutions of Canada’s total domestic exports.1 1 200 producing mines (metal, non-metal and coal); 50 non-ferrous smelters, refineries » In 2015, Canada remained the world’s and steel mills; and 7,000 stone quarries Broad expertise top destination for mineral exploration, and gravel pits. Canada’s total value of in geoscience attracting 14 percent of global non- mineral production was $40.8 billion in ferrous exploration expenditures.2 2016.6 Canada’s top five mineral products by value for 2016 were gold, copper, potash, Extensive science and » Canada had some 3,700 suppliers iron ore and coal. -
Investors' Guide to Mining in Canada
INVESTORS’ GUIDE TO MINING IN CANADA Mining English (Dec 2012 - new address)_Layout 1 07/12/2012 1:22 PM Page i At Davies, we focus on the matters that are the most important to our clients, in Canada and around the world. The more complex the challenge, the better. Our strength is our people, who blend proven experience, deep legal expertise and business sensibility to generate the outcomes you need. We measure our achievements by one simple standard: Your success. TORONTO MONTRÉAL NEW YORK DAVIES WARD PHILLIPS & VINEBERG LLP DAVIES WARD PHILLIPS & VINEBERG LLP DAVIES WARD PHILLIPS & VINEBERG LLP 155 WELLINGTON STREET WEST 1501 MCGILL COLLEGE AVENUE, 26TH FLOOR 900 THIRD AVENUE, 24TH FLOOR TORONTO ON CANADA M5V 3J7 MONTRÉAL QC CANADA H3A 3N9 NEW YORK NY U.S.A. 10022 TELEPHONE: 416.863.0900 TELEPHONE: 514.841.6400 TELEPHONE: 212.588.5500 FAX: 416.863.0871 FAX: 514.841.6499 FAX: 212.308.0132 Mining English (Dec 2012 - new address)_Layout 1 07/12/2012 1:22 PM Page iii TABLE OF CONTENTS Page INTRODUCTION 1 Mining in Canada The Canadian Legal System This Guide ACQUIRING CANADIAN MINING INTERESTS 5 Due Diligence Types of Acquisitions Other Considerations Relating to Mining Acquisitions OPTIONS AND JOINT VENTURES 11 Options to Acquire Mining Interests Joint Venture Arrangements TABLE 1 Comparison of Different Forms of Joint Ventures CONTENTS EXPLORATION AND MINING RIGHTS 17 Protection of Mining Rights Acquiring Mining Rights in Canada Mining Leases Surface Rights Taxes and Royalties Restrictions on Foreign Ownership The Exportation of Metals -
Facts and Figures of the Canadian Mining Industry TITLE the MINING ASSOCIATION of CANADA
Facts and Figures of the Canadian Mining Industry TITLE THE MINING ASSOCIATION OF CANADA The Mining Association of Canada (MAC) is the national organization of the Canadian mining industry. We represent companies involved in mineral exploration, mining, smelting, refining and semi-fabrication. Our member companies account for most of Canada’s output of metals and minerals. MAC’s functions include advocacy, stewardship and collaboration. Our goals are to promote the industry’s interests nationally and internationally, to work with governments on policies affecting minerals, to inform the public and to encourage member firms to cooperate to solve common problems. We work closely with provincial and territorial mining associations, other industries, and environmental and community groups in Canada and around the world. DATA AND SOURCES This annual report reflects currently available data, the majority from 2017, though some from prior years and some from 2018. Dollar amounts are expressed in Canadian dollars unless noted otherwise. Author: Brendan Marshall, Vice President, Economic and Northern Affairs Design: McKenna Design & Strategy Acknowledgments: This report could not have been prepared without the significant assistance of the dedicated staff of the Minerals and Metals Sector at Natural Resources Canada. Special thanks are also extended to Cynthia Waldmeier from MAC and Monique Laflèche. 2 FACTS & FIGURES 2018 TITLE TABLE OF CONTENTS LIST OF FIGURES 04 LIST OF ANNEXES 05 STATE OF THE INDUSTRY AND KEY ISSUES 06 MINING: ONE INDUSTRY, MANY APPLICATIONS 09 1. MINING AND THE CANADIAN ECONOMY 10 Global Economic Trends 10 Mining’s Contribution to the Canadian Economy 12 Mining in the Provinces and Territories 12 Taxes and Other Payments to Governments 14 Indirect Contributions to Mining Industry Suppliers 14 2. -
Backgrounder: Uranium Mining in Canada
BACKGROUNDER: URANIUM MINING IN CANADA What is Uranium? Uranium is a silvery-white metal, roughly 70% denser than lead and is the only naturally occurring fissile element on earth. It occurs naturally in most rocks in concentrations of two to four parts per million and is as common in the Earth’s crust as tin, tungsten and molybdenum, and about 40 times as common as silver. It is also found in the oceans, at an average concentration of 1.3 parts per billion. There are a number of locations in different parts of the world where it occurs in economically recoverable concentrations. These locations are where uranium is or can be mined. Peaceful Purposes Canadian uranium has no military purpose. The Non-Proliferation Treaty (1970) and strong export controls ensure that Canadian uranium can be used only for peaceful purposes, typically for electrical generation. How Nuclear Power Works Uranium mining and exploration is the first stage in the nuclear power fuel cycle. Uranium is mined, milled and fabricated into fuel for nuclear reactors. Through controlled fission, the uranium fuel generates massive heat that boils water and creates steam to turn turbines that generate electricity. Nuclear power represents 15 percent of Canada’s electricity generation. In New Brunswick, nuclear has represented between 20% and 33% of the province’s electrical supply. Ontario’s nuclear fleet last year provided 59% of the province’s electricity. Nuclear energy provided about 12% of world electrical supply in 2012. The U.S. Energy Information Administration projects that nuclear electrical generation will more than double between 2010 an 2040 – an annual growth rate of 2.5%. -
BDO Canada's Energy 2020 Vision for Mining
BDO’S ENERGY 2020 VISION: THE NEAR FUTURE OF MINING CONTENTS EXECUTIVE SUMMARY........................................................... 01 GLOBAL PREDICTIONS ..........................................................02 THE NEAR FUTURE OF MINING IN CANADA ....................08 01 EXECUTIVE SUMMARY Driverless technology, deep-sea internal controls. If not, they risk SUMMARISING BDO’S 4. RENEWABLES: excavations and mining expeditions seeing their entire operation crippled ENERGY 2020 VISION FOR By 2020, renewables will account for on the moon were once just the ideas by a single attack. MINING: one-quarter of the world’s electricity of sci-fi movies. generation as dependence on coal Decreased coal consumption in 1. ROBOTS: wanes. Today, they’re realities or just around China—the world’s largest coal By 2020, robots will replace more the corner. And by 2020, we expect consumer—meanwhile, is slowing than 50 percent of miners, and mining 5. IoT IN MINING: (most of) them to be the norm. global demand for the commodity. As accidents will be cut by 75 percent. Global mining companies leveraging dependence on coal wanes, we expect Half of the miners will themselves Internet-connected sensors and As low commodity prices persist, renewables to account for one-quarter be retrained to run the technology automated drillers in mines will mining companies are under pressure of the world’s electricity generation controlling the robots. decrease their per ton digging costs by to reimagine their business models. by 2020. more than 30 percent. Those that have incorporated 2. EU CONFLICT MINERALS: technology into their operations have Reflecting on this period of transition, Supply chain transparency will take Agree or disagree with our CHARLES DEWHURST seen their revenue streams live on, BDO’s Global Natural Resources team the compliance spotlight for 2020 as predictions? We want to know—reach t: + 1 713-548-0855 while those that haven’t have fallen is looking towards the future to help companies gear up for the European out to us here. -
Mining in Canada's North
MINING Mining in Canada’s North by Daina Lawrence Canada’s North is set to become a min- ing powerhouse within the next decade, according to a recent report by the Conference Board of Canada. Nevertheless, challenges such as lack of infrastructure and misperceptions by domestic and for- eign investors may keep companies in this area from reaching their true potential. Released in January, the Conference Board’s report, entitled The Future of Mining in Canada’s North, outlined posi- tive growth in this sector within the next Rendering of the proposed NICO pit, mill and camp decade. According to the document, “the site in the Northwest Territories, Canada. Photo courtesy Fortune Minerals Ltd. mining sector in Canada’s North is forecast to almost double its output and employ- ment by the end of the decade – staggering – Ekati and Diavik. lion tonnes at 2.8 g/t). growth compared to the Canadian econ- The Centre for the North’s, authors also Fortune Minerals Ltd. [FT-TSX] omy as a whole.” outlined infrastructure, skilled labour is also not shying away from the The report also forecasted that overall access and government red tape as some of northern challenge. Its NICO gold-cobalt- northern metal and non-metal mineral the challenges companies with projects in bismuth-copper project, 160 km north of output will grow by 91% by 2020 from the territories will face. “Infrastructure is Yellowknife, NWT, has so much mineral 2011. The annual gross domestic product definitely the biggest hurdle,” says Jeffrey, potential that the company is willing to of northern mining is also expected to not to mention the cold, unforgiving cli- take on any current and future challenges, expand to $8.5 billion by 2020, up from mate, lack of year-round roads and high explains president and CEO, Robin Goad. -
Heritage Silver Trail, Cobalt
Heritage Silver Trail, Cobalt Road Tour of a Historic Silver Mining Camp The famous silver mining town of Cobalt has earned the distinction of being Ontario’s most historic town. Cobalt is one of only 3 mining camps in Canada—Dawson City in Yukon and Barkerville in British Columbia are the others—to be designated as a National Historic Site. Cobalt is rich with mining history. You can walk the streets of this historic town, tour a former underground mine, or visit nearby historic mine and mill sites on the Heritage Silver Trail. The Right-of-Way Mine headframe rises above the shores of Cobalt Lake on the outskirts of Cobalt. How to get to the Heritage Silver Trail Cobalt is 210 km by highway northeast of the City of Greater Sudbury. Highway 11B through town becomes Silver Street, where the Cobalt Mining Museum is located. You can pick up a trail guide and map for the Heritage Silver Trail at the museum. This self-guided tour, best done by car or bike, takes visitors through the back roads of the Cobalt mining camp. There are 20 sites along the trail, each marked with interpretive signs that explain the history and mining practices of this once booming mining camp. This GeoTour guide focuses on a few of the Heritage Silver Trail sites that best tell A map of GeoTour stops at Cobalt. the story of mining and geology of the Cobalt camp. Heritage Silver Trail, Cobalt Silver rush! The billion dollar bonanza and cradle of Canadian mining Silver was discovered on the shores of Cobalt Lake in the summer of 1903. -
The Future of Mining in Canada's North
Report January 2013 The Future of Mining in Canada’s North ECONOMIC PERFORMANCE AND TRENDS The Future of Mining in Canada’s North by Gilles Rhéaume and Margaret Caron-Vuotari About The Conference Preface Board of Canada Mining and its supporting industries will continue to be important economic drivers in many of Canada’s We are: Northern regions over the course of the next decade. The foremost independent, not-for-profit, applied While great potential for mining development exists, research organization in Canada. this potential must be approached in a balanced way. Objective and non-partisan. We do not lobby This report discusses a number of important factors— for specific interests. and their interrelationship with one another—that must Funded exclusively through the fees we charge be considered to ensure that both the positive and nega- for services to the private and public sectors. tive impacts of mining projects are fully understood. Experts in running conferences but also at con- The findings from this report provide policy-makers, ducting, publishing, and disseminating research; industry leaders, and communities with insight on steps helping people network; developing individual that can be taken to support the future of sustainable leadership skills; and building organizational mining in Canada’s North. capacity. Specialists in economic trends, as well as organizational performance and public policy issues. Not a government department or agency, although we are often hired to provide services for all levels of government. Independent from, but affiliated with, The Conference Board, Inc. of New York, which serves nearly 2,000 companies in 60 nations and has offices in Brussels and Hong Kong. -
Regulating Uranium Production: Mining, Transportation, Trade and Control
Regulating Uranium Production: Mining, Transportation, Trade and Control Lisa Thiele Senior General Counsel, CNSC International School of Nuclear Law August 28, 2018 – Montpellier, France nuclearsafety.gc.ca edocs # 5596008 Outline • General Information • Regulating mines – then and now • Modern regulatory issues in uranium • Environmental, worker protection • Waste • Transport • Non-proliferation, fuel supply • Indigenous Rights and Mining • Responsible Business Conduct – Human Rights / Corporate Social Responsibility • Some concluding thoughts 2 nuclearsafety.gc.ca Some Terminology • uranium: natural element, common in most of the Earth’s rock, soils, rivers, oceans – it is a factor of its concentration in natural deposits, as well as the price of uranium, that determines whether it is feasible to extract - average-grade ore – from 0.1% uranium, fairly common today - very high-grade ore – up to 20% uranium, Athabasca basin, Canada Uranium is of regulatory interest and importance once it is part of the nuclear fuel cycle – or, once it is to be extracted, as its potential to generate energy is its major use • tailings: waste that is produced from the uranium milling process – includes heavy metals, radium • radon: radon is produced by the decay of uranium; radon gas is released into the air when uranium ore is mined and, to a lesser extent, during the production of uranium reactor fuel • uranium that has been mined and milled is uranium concentrate (U3O8) or yellowcake; several further steps are required before uranium may be used in a reactor as nuclear fuel 3 nuclearsafety.gc.ca Uranium at the “Front End” of the Fuel Cycle Enrichment Fuel Conversion Refining assembly Mining Milling Rock Uranium ore The remaining The chemical containing is ground and contaminants form of uranium The fuel on average the uranium in the uranium is converted to bundles are 0.1–19% (U3O8) is concentrate UO2 (for CANDU shipped to uranium chemically are chemically reactor fuel) a nuclear (uranium separated separated from or to generating ore) is from most the uranium. -
Digging Deeper: Strengthening Ontario's Mining Advantage
DIGGING DEEPER STRENGTHENING ONTARIO’S MINING ADVANTAGE CONTENTS About The Ontario Chamber of Commerce ..................................................................................................... 3 A Letter from the President & CEO ....................................................................................................................... 4 Summary of Recommendations ............................................................................................................................ 5 Introduction .................................................................................................................................................................. 6 DIGGINGMining – A Competitive Advantage for Ontario ................................................................................................ DEEPER7 Preparing Ontario Mining for Long-term Success..........................................................................................14 Conclusion ..................................................................................................................................................................STRENGTHENING ONTARIO’S26 Works Cited ................................................................................................................................................................MINING ADVANTAGE27 ABOUT THE ONTARIO CHAMBER OF COMMERCE For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan voice of Ontario business. Our mission is -
The Mineral Industry of Canada in 2015
2015 Minerals Yearbook CANADA [ADVANCE RELEASE] U.S. Department of the Interior May 2019 U.S. Geological Survey The Mineral Industry of Canada By James J. Barry Canada has one of the largest economies in the world, Shedd, 2017, p. 53; Tolcin, 2017a, p. 43; 2017b, p. 81; World ranking 10th based on nominal gross domestic product (GDP), Nuclear Association, 2017). and is a member of the Group of Seven (G7) nations. In 2015, the real GDP of Canada was $1.3 trillion, which was a 1% Minerals in the National Economy increase compared with that of 2014. Canada is one of the In 2015, the mining, quarrying, and oil and gas extraction leading mining nations in the world. It produces a wide array industries contributed $105.7 billion to Canada’s real GDP, of industrial minerals, metals, and mineral fuels and has one which was a 3.5% decreased compared with that of 2014. The of the largest mining supply sectors, with several thousand decrease was largely attributable to a nearly $4 billion decrease companies providing services to global mining operations. in the value added by activities supporting the mining and oil Vancouver, British Columbia, is the headquarters for the largest and gas extraction sectors. Within the extraction industries, oil concentration of the world’s mineral exploration companies, and and gas extraction accounted for $79 billion of real GDP, metal Toronto, Ontario, is a global hub for mineral industry financing. ore mining accounted for $16.4 billion, nonmetallic mineral The Toronto stock exchanges accounted for 53%, or almost mining and quarrying accounted for $3.6 billion, and coal $5.5 billion,1 of the world’s mining equity capital in 2015.