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2:19 pm
May 24, 2011
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Nicholas
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| Member | posts 362 | |
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The world's largest exporter of minerals and metals, Canada's mining
sector was considered a pillar of the economy and a way of life for
Canadians. Canada was the leading producer and exporter of potash, the
leading supplier of uranium, the second-largest producer of asbestos
and sulfur (17% of world output and 38% of world trade), the third-
largest in titanium, platinum-group metals and mine zinc, fourth in
aluminum , fifth in copper, lead, silver, and gold, and among the
leading producers of nickel, salt, and nitrogen in ammonia.
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2:29 pm
May 24, 2011
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makikuft80
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The country only recently began to fully develop many of its most
important mineral resources, and resources developed earlier continued
to display great growth potential. This was reaffirmed by discoveries
such as the huge and rich nickel, copper, and cobalt deposit at
Voisey's Bay, and the Ekati diamond mines—diamond was expected to be
the most sought-after mineral in the country.
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2:30 pm
May 24, 2011
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Nicholas
| | Sydney | |
| Member | posts 362 | |
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Processed and unprocessed minerals, along with petroleum and natural
gas, were among Canada's top industries in 2002, and aluminum was the
sole nonfuel mineral product among the country's top export
commodities. However, Canada's mineral industry was primarily export
oriented, with as much as 90% of some commodities going to external
markets.
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2:31 pm
May 24, 2011
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makikuft80
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The minerals, metals, and energy sectors contributed 8.7% of GDP—which
grew by 4.1% in 2000 and 3.6% in 1999, a record growth among the Group
of Seven economies—and mining played an integral part in Canada's new-
technology-driven and knowledge-based economy.
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2:33 pm
May 24, 2011
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Nicholas
| | Sydney | |
| Member | posts 362 | |
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The value of minerals production increased to US $84.2 billion in
2000, the third consecutive record high (from US $54 billion in 1999),
mainly as a result of skyrocketing prices and substantial gains in the
fuels sector. The value of mine output of base and precious metals and
nonmetals was US $18.5 billion.
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2:33 pm
May 24, 2011
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makikuft80
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| Member | posts 112 | |
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The value of metal output was US $11.1 billion, up from US $9.8
billion in 1999, following three declining years. The higher price of
nickel in 2000 moved it ahead of gold and potash in value. The price
of PGM increased significantly in 2000, because of higher demand for
use in autocatalysts. Exploration spending remained the same, after
decreasing by 35% in 1999; the decrease was particularly apparent in
the Northwest Territories, Ontario, and Quebec, which together
accounted for 60% of exploration expenditures.
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2:34 pm
May 24, 2011
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Nicholas
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| Member | posts 362 | |
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In terms of value, the top nonfuel commodities in 2000 were: nickel,
US $2.4 billion, up from 1.6 in 1999 (because of a higher realized
price); gold, US $2 billion; potash, US $1.7 billion, up from US $1.06
billion in 1997; copper, US $1.7 billion, a 23.5% rise over 1999,
reflecting stronger prices; zinc, US $1.6 billion; iron ore, US $1.5
billion, up from US $1 billion in 1997; cement, US $1.3 billion; and
diamonds, US $600 million.
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2:35 pm
May 24, 2011
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makikuft80
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| Member | posts 112 | |
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Moderate declines in output led to a decreased value of production for
silver (5.8%), uranium (7.7%), cobalt (10%), and lead (17.3%). Mineral
and mineral product exports, including fuels, totaled US $49 billion.
Exports of nonfuel minerals in 2000 were valued at US $44 billion (13%
of all exports), up from US $32 billion in year.
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