• $130 billion worth of investment is projected over the next five years for the Western Canadian mining industry; this includes both new projects and expansions to existing operations.
• Potash mining will continue to expand in Canada, with global demand expected to reach a record high of 58 million tons in 2012.
• Copper continues to be a strong commodity. The three top copper producers are located in British Colombia Ontario and Manitoba. The three provinces account for 80-90% of production value. Vanadium will also be a key resource with room for production expansion in Canada.
• Canada is the second largest uranium producer in the world, representing significant opportunities for U.S. firms.
OPPORTUNITIES – PROGRAMS/ PROJECTS
• Harper Creek Mine, BC: a copper-gold-silver deposit that is currently scheduled for an early 2015 startup. The recently completed Detailed Feasibility Study estimates the mine’s life to be 28 years at a milling rate of 70,000 tons per day.
• Hammond Reef Gold Mine Project, ON: the project consists of three main parts: a gold ore mine, an ore processing facility, and a tailings management system. The mine site will contain two mines, estimated to produce 17.5 million tonnes of gold ore per year.
• Kutcho Copper-Zinc-Silver-Gold Mine, BC: a 2,500-tonnes per day copper-zinc-silver-gold mine proposal. The proposal consists of an open pit mine, underground mine, concentrator plant, tailings storage areas, and access road.
• High demand for mining equipment replacement parts
• Outstanding opportunities for providers of exploration, drilling, mining, environmental, and safety and security equipment and services
• Promising subsectors include specialty mining and construction of new mines
• Tailings management systems/storage areas, as well as surrounding infrastructure such as processing facilities are also strong opportunities for U.S. firms.
• The province of Alberta in central Canada was named one of the most attractive mining jurisdictions in the world – with the lowest tax structure in Canada and the United States.