Of the world’s public mining companies, 58 per cent are listed in Canada. There are nearly 1,700 mining and junior mining companies listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). Together they are responsible for approximately 90 per cent of the world’s mining equity financings by number and nearly 40 percent by value.
In northern Canada, development and jobs depend heavily on mineral exploration and mining. The number of land development agreements between Aboriginal communities and private companies is proof positive. The Northwest Territories and Nunavut Chamber of Commerce estimates that the diamond mining industry alone contributed more than $100 million to aboriginal communities as well as investing in education and job training. Nationally, mineral exploration and mining contributes more than $36 billion to Canada’s GDP.
A quick run-down on projects under construction or near construction:
Mining is a powerhouse for the Canadian economy, nowhere more so than in the north.