10KEY FACTS on Canada’s Minerals Sector EMPLOYMENT GROSS DOMESTIC PRODUCT MINING AND RELATED SUPPORT ACTIVITIES 5% MINERALS Jobs SECTOR $25 B MINING AND RELATED 626,000 98,000 $97 B indirect SUPPORT ACTIVITIES 1 In 2018, the minerals sector 2 In 2018, the minerals directly and indirectly accounted 217,000 409,000 sector directly and $34 B indirect direct for 626,000 jobs throughout direct jobs 311,000 indirectly contributed the country in urban, rural and jobs $97 billion or 5% GDP $38 B remote regions. to Canada’s total MINERAL MINERAL nominal GDP. $72 B PROCESSING Source: Indirect jobs - Natural Resources Canada estimates, based on Statistics Canada data. PROCESSING Source: Indirect GDP - Natural Resources Canada estimates, based on Statistics Canada data. Direct GDP - Statistics Direct jobs - Statistics Canada (Natural Resources Satellite Account). Canada (Natural Resources Satellite Account). For more information: Employment in Canada’s minerals sector. For more information: Nominal GDP in the minerals sector. CLEAN ENERGY APPLICATIONS EXPORTS 19% CANADA’S MINERAL EXPORTS Canada’s Minerals are enablers $105 B total 3 4 domestic Canada is primed to respond to growing demand for Valued at $105 billion exports commodities required in clean energy technologies. in 2018, mineral The country is a key global producer of copper, nickel exports accounted for and cobalt, and hosts advanced mineral projects 19% of Canada’s total Main Export Destinations for rare earth elements, lithium and graphite. These domestic exports. United States European Union China commodities are crucial in the production of solar cells, high-density batteries and wind turbines. 52% ($55 B) 19% ($20 B) 5% ($5 B) For more information: Enabling Clean Energy Applications. Source: Natural Resources Canada calculations, based on Statistics Canada data. For more information: Trade. INVESTMENT 5% MINERALS SECTOR CANADIAN MINING ASSETS located in more than $13 B $260 B $169 B 100 foreign countries 5 In 2018, the minerals sector Non-residential 6 In 2017, publicly capital investment invested $13 billion in new in Canada traded Canadian-based capital construction and in companies had total machinery and equipment, mining and exploration accounting for 5% of total assets of $260 billion. non-residential capital $10 B $3 B About two-thirds ($169 billion) MINING AND RELATED MINERAL investment in Canada. SUPPORT ACTIVITIES PROCESSING were located abroad. Source: Natural Resources Canada calculations, based on Statistics Canada data. Source: Natural Resources Canada estimates, based on company filings. For more information: Minerals Sector Investment. For more information: Canadian Mining Assets. PRODUCTION EXPLORATION $47 B $2.3 B 7 In 2018, mineral production Canada’s Mineral Production Global Ranking 8 In 2018, Canada’s totalled $47 billion. Canada mineral exploration Metals produces some 60 minerals $26 B and deposit appraisal st nd Canada – a leader in worldwide exploration and metals at 200 active mines Non-metals $14 B 1 2 3rd expenditures amounted and 6,500 sand and gravel pits POTASH URANIUM PLATINUM to $2.3 billion. Coal Canadian-headquartered companies accounted for 37% $6 B GROUP of global non-ferrous exploration budgets. and stone quarries. METALS Canada was the destination for 15% of global non-ferrous exploration budgets. Sources: Natural Resources Canada; Statistics Canada; U.S. Geological Survey; World Nuclear Association (2017). Sources: Natural Resources Canada; S&P Global Market Intelligence. For more information: Canadian Mineral Production. For more information: Canadian Mineral Exploration. FINANCING INDIGENOUS PARTICIPATION $6.5 B 1st 10 16,600 Jobs 9 The Toronto Stock Exchange (TSX) The minerals industry is and TSX Venture Exchange (TSXV) are an important employer the world’s number one mining and TSX/TSXV of Indigenous peoples, 468 exploration listing venues, where providing jobs to over 50% of public mining and 2000 2018 one-third ($6.5 billion) of the world’s In 2018 exploration companies 16,600 individuals. total equity capital was raised in 2018. accounting 49% of mining equity agreements globally for financings An estimated 468 agreements were signed between mining and Source: TMX Group. 34% of the mining equity exploration companies and Indigenous communities or governments. Source: TMX Group. capital raised Sources: Natural Resources Canada, Statistics Canada (2016 Census). For more information: Financing. For more information: Indigenous Mining Agreements. For more information: https://www.nrcan.gc.ca/mining-materials/facts/20507 July 2019. Data are preliminary and subject to revisions. Cat. N° M2-19E-PDF (Online) © Her Majesty the Queen in Right of Canada, as represented by the Minister of Natural Resources, 2019 .