
The Mining Story - Facts and Figures of the Canadian Mining Industry Highlights State of Canada's Mining Industry
OTTAWA, ON, May 20, 2025 /CNW/ - Today, the Mining Association of Canada (MAC) released The Mining Story – Canadian Mining Industry Facts and Figures, a report that provides an overview of current trends in Canada's mining sector based on the latest statistics and analysis.
The current state of mining and the Canadian economy is strong. In 2023, the sector contributed $117 billion, or 4% of Canada's gross domestic product (GDP). The mining sector encompasses extraction, mining services, primary metal and mineral manufacturing, and downstream metal and mineral manufacturing. When mining, quarrying and oil and gas extraction are included, the sector's contribution rises to 5.1% of GDP, a stable and significant share of Canada's economy over the past decade, with Alberta's mined oil sands playing a major role. There were 430,000 people employed in high-quality jobs within the sector, with an additional 281,000 in indirect employment—representing one in every 28 employees in the Canadian labour force. Notably, the minerals industry is an important employer of Indigenous peoples, providing jobs for more than 12,000 individuals in 2023.
Extraction contributed $54.8 billion to GDP
Mining services contributed $8.6 billion to GDP
Primary metal/mineral manufacturing contributed $21 billion to GDP
Downstream metal/mineral manufacturing contributed $32.4 billion to GDP
Oil and gas made up a quarter of all of Canada's exports, at $177 billion. In 2022, Canada was the third largest exporter of crude oil, responsible for 9% of global exports, and
Crude oil production in Canada grew from 1.3 billion barrels in 2016 to 1.7 billion barrels in 2024. The majority of Canadian crude oil is exported, and the fraction is growing: from 86% of production in 2016 to 90% of production in 2024. Because of our strong infrastructure and business links, the United States is the primary export destination for Canadian crude oil, receiving more than 95% of our exports.
"Despite some economic headwinds, mining has been a steady source of growth for the Canadian economy," said Pierre Gratton, MAC's President and CEO. "As Canada and its allies work to secure critical minerals to meet economic, security, and climate goals, these numbers show the wealth that could come to Canada if we develop our mineral endowment. But we cannot rest on our success—geopolitical challenges, national security concerns, the transition to a low-carbon economy and the basic need to build and sustain a strong economy in the face of tariffs will require far more mined materials than we currently produce. Canada's mining sector is better positioned than most to withstand economic headwinds caused by tariffs, so now is the time to double down on attracting new investment into this important sector of the Canadian economy."
Canada produces more than 60 minerals and metals through its mining activities. The total value of Canadian mineral production in 2023 was $71.9 billion, up from $58.6 billion in 2021. This growth was led by the increase in production values for nonmetals and coal. The total value of mineral and metal production has quadrupled since 2000. Canada is among the top producers of metals and non-metallic minerals in the world. It is the top producer of potash, second largest producer of niobium and uranium, and third largest producer of precious diamonds and palladium (by metal content).
Climbing commodity prices have boosted the value of gold, with the industry now surpassing passenger vehicles as Canada's second largest export. Canada's mineral product exports are reaching new records, driven largely by its gold production. The economy of the future depends on minerals and metals from Canada. To supply the resources that are needed, Canada must foster a more efficient investment and regulatory environment. In recent years, the mining sector has welcomed positive commitments from the federal government, including the Canadian Critical Minerals Strategy, Fall Economic Statements, and the 2022, 2023, and 2024 Budgets. These measures are encouraging—but the true test of success lies in the effective and efficient implementation of policies that accelerate the delivery of Canadian minerals and metals to global markets that are demanding them. The report includes the following recommendations to help achieve that goal.
Investors and mining companies are interested in investing in new mines, expanding existing mines, and building refining and smelting capacity in Canada. Unfortunately, regulatory inefficiency can slow project momentum. Action is especially important on coordination with provinces including enhanced use of substituted assessments (one project, one review), coordination within the federal government, and process improvements on Indigenous consultation.
The mining sector will require more than a hundred thousand new workers over the next decade. The industry can build on its success in recruiting Indigenous employees, but will need to increase recruitment of women, young workers and visible minorities to reflect the demographics of the Canadian workforce. Increasing the number of university and college graduates in mining-related fields will also help to create a strong pool of mining workers for the next generation.
Transporting minerals and metals from mines to processing facilities is becoming more challenging. In 2024, Canada experienced its first-ever simultaneous halt of rail service from both Class 1 railways. Lockouts at ports in British Columbia and Quebec threatened to stop the movement of goods by ship. Costs for both road and rail shipping remain well above their pre-pandemic levels. While the government is seized with economy-wide supply chain challenges, concrete solutions, such as legislative fixes to longstanding mining industry recommendations to address transportation network challenges remain elusive.
Continued growth in the mining sector is critical for both the Canadian economy and the environment. A strong mining industry means safe, well-paid jobs for hundreds of thousands of people, and the production of minerals and metals with high environmental and high labour standards. Canada's trading partners and allies will increasingly rely on us for a secure and stable supply of minerals and metals, and it is the responsibility of government and industry to work together to deliver the mined materials required for the green economy of the future.
For more information on MAC's The Mining Story – Canadian Mining Industry Facts and Figure report, and its associated policy recommendations, visit: https://mining.ca/resources/reports/facts-figures-2025/
About MAC
The Mining Association of Canada 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, metallurgical coal and mined oil sands, and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication. Please visit www.mining.ca.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
36 minutes ago
- Cision Canada
Empowering the Future of HPC: MiTAC Showcases Advanced Server Platforms at ISC High Performance 2025
HAMBURG, Germany, June 10, 2025 /CNW/ -- MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corp. (TSE:3706) and a leading manufacturer in server platform design, unveils its Advanced Server Platforms at ISC High Performance 2025, Booth #A02. Featuring AMD EPYC™ 9005 Series and Intel ® Xeon ® 6 processors, these platforms highlight MiTAC's commitment to delivering robust performance, efficiency, and scalability tailored to specific needs for AI computing. Intel® Xeon® 6 Platform Solutions: Balancing Performance and Energy Efficiency for AI-Driven Workloads MiTAC introduces its latest Intel-based servers optimized for modern data center workloads: R2520G6 – A 2U dual-socket compute server, purpose-built for performance and power efficiency across AI, cloud, and enterprise applications. Supporting up to 8TB of DDR5 memory, four PCIe 5.0 x16 slots, and flexible U.2 and E1.S storage options, the R2520G6 delivers a robust, scalable foundation for data-intensive operations. M2710G6 – A 2U 2-node system targeting cloud service providers and hyperscalers. Each node supports single Intel Xeon 6900P processor with up to 128 cores per node, enabling high-density virtualization and containerized workload deployment at scale. G4520G6 – A GPU-accelerated compute platform for AI and HPC, equipped with dual Intel Xeon 6700P processors and eight double-width GPU slots, delivering exceptional parallel processing capabilities. The system includes 32 DDR5-6400 RDIMM slots and redundant 80 PLUS Titanium power supplies for maximum throughput with optimized energy use. Built on the Intel Xeon 6 architecture, MiTAC's solutions integrate AI accelerators, high-speed I/O, and power-aware design to meet the evolving demands of intelligent computing with a sustainable approach. AMD EPYC™ 9005 Series Platforms: Scalable Computing with Enhanced Sustainability MiTAC leverages the performance-per-watt advantages of AMD EPYC™ 9005 Series processors to deliver next-generation efficiency for AI, HPC, and cloud-native workloads: TYAN GC68C-B8056 – A 1U single-socket server purpose-built for high-density cloud and AI environments. Featuring 24 DDR5 DIMM slots, 12 tool-less 2.5-inch NVMe U.2 hot-swap bays, and optimized thermal design, this platform delivers high compute performance with industry-leading energy efficiency. M2810Z5 – A 2U 4-node single-socket system that supports AMD EPYC 9005 processors. Each node is equipped with 12 DDR5 DIMM slots (up to 3TB memory per node) and supports four E1.S drives, enabling dense, modular compute with scalable memory and storage resources—ideal for space- and power-conscious AI and HPC deployments. MiTAC's AMD-based solutions empower organizations to enhance data center sustainability, reduce energy consumption, and scale efficiently—without compromising performance. Experience MiTAC's Commitment to Sustainable Innovation At ISC 2025, MiTAC demonstrates its forward-looking approach to intelligent infrastructure—delivering platforms that support next-generation AI and HPC workloads while advancing data center sustainability. Visit MiTAC at Booth #A02 to discover how our Intel and AMD-powered solutions enable energy-efficient, high-performance computing built for the future of AI, cloud, and hyperscale operations. About MiTAC Computing Technology Corporation MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methods to ensure uncompromising quality not just at the barebone level but, more importantly, at the system and rack levels—where true performance and integration matter most. This commitment to quality at every level sets MiTAC Computing apart from others in the industry. The company provides tailored platforms for hyperscale data centers, HPC, and AI applications, guaranteeing optimal performance and scalability. With a global presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing offers flexible, high-quality solutions designed to meet unique business needs. Leveraging the latest advancements in AI and liquid cooling, along with the recent integration of Intel DSG and TYAN server products, MiTAC Computing stands out for its innovation, efficiency, and reliability, empowering businesses to tackle future challenges.


Cision Canada
36 minutes ago
- Cision Canada
As U.S. Uncertainty Sparks Travel Boom in Canada, RVezy Urges Canadian RV Owners to Cash In on Soaring Demand Français
With 300% increase in U.S. travelers to Canada, RV rental platform RVezy calls on Canada's 2 million RV owners to list their vehicles and earn thousands this summer OTTAWA, ON, June 10, 2025 /CNW/ - Political instability south of the border is fueling a surge in Canadian travel—and RV owners have a golden opportunity to cash in. RVezy, Canada's leading peer-to-peer, RV rental platform, is reporting a 300% year-over-year spike in bookings from American travelers, along with a major increase in interest from overseas visitors. As international and domestic demand hits record levels ahead of the summer season, the company is issuing a national call to action: RV owners, list your RV now and earn thousands this summer. "With over 2 million RVs sitting idle across Canada and demand hitting all-time highs, we need more RV owners to list—today," said Michael McNaught, CEO of RVezy. "This isn't just about travel—it's about helping Canadians earn meaningful income while supporting our national and local tourism economy." Big Earnings, Big Impact: Renting Pays Off RV owners on RVezy earn an average of over $10,000 per year, with many earning significantly more during the peak summer months. Yet most RVs sit unused for 11 months of the year. With rising prices and economic pressures affecting households across the country, renting out an RV is an easy, practical way to generate additional income. And because travelers spend on average $300 per day in local communities, every RV trip fuels spending at local shops, restaurants, campgrounds, and small tourism operators. "We're seeing this incredible wave of interest in Canada—not just from Americans, but from international visitors looking for safe, scenic, flexible travel," added McNaught. "Every RV rental helps support Canadian families—on both sides of the keys." No Worries, Full Protection: RVezy's All-Inclusive Approach For RV owners concerned about liability or damage, RVezy provides full insurance coverage that protects the entire value of the RV. Every rental includes 24/7 roadside assistance and is backed by a dedicated Host Experience team to guide owners through every step of the process. RVezy is a proudly Canadian company— founded by Canadians, operated by Canadians, and located in Canada, RVezy is committed to building a stronger local travel economy. Call to Action: List Your RV Before Peak Season Hits With unprecedented traveler demand and limited vehicle availability, RVezy urges RV owners across the country to list now—especially in popular gateway regions like British Columbia, Alberta, Ontario, Quebec and the Maritimes. Whether you're an occasional camper or a seasoned RV enthusiast, listing your RV this summer could make a serious difference.


Cision Canada
an hour ago
- Cision Canada
Enfinity Global Signs PPAs for 420 MW of Renewable Energy Supply in Italy with a U.S. Technology Company
MILAN, June 10, 2025 /CNW/ -- Enfinity Global announced today the signing of Power Purchase Agreements (PPAs) in Italy with a U.S. technology company, committing to supply renewable energy from a 420 MW portfolio of solar PV projects. "We are pleased to continue supporting our customers across diverse sectors in Italy as they advance their energy transition," said Carlos Domenech, CEO of Enfinity Global. "Our goal is to serve global and local customers in their renewable energy needs." Enfinity Global Enfinity Global is a leading U.S.-based renewable energy and sustainability services company established in 2019. The company owns a 35.5 GW portfolio of renewable energy and storage projects, including operational, under-construction, and development assets, with an additional 37 GW under negotiation across the United States. With offices in the U.S., Europe, Japan, and India, Enfinity aims to contribute to a low-carbon economy. Enfinity's leadership team brings over $41 billion of financing experience in the renewable energy sector, with over 26 GW of developed and acquired solar and wind assets. The company leads the solar PPAs market in Italy, having contracted 805 MW over the last two years with major corporations and industrial customers. Enfinity is currently Italy's leading independent power producer (IPP) as measured by permitted projects, according to the "Q4 Dev&Deals report" published by Elemens.