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Reports Highlight Significant Economic Impact of Mining Sector

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Reports Highlight Significant Economic Impact of Mining Sector

New research guides long-term development

The Ontario government is investing in new research by the mining industry to guide long-term development of this economically vital sector.

Two independent reports, funded in part by Ontario, highlight the significant economic impacts -- including job creation -- of the province's mineral sector activity, and provide advice on how to maximize this impact:

Maximizing Ontario's mineral potential is part of the government's economic plan for Ontario. The four part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.

Quick Facts

  • Ontario is investing $300,000 in the two independent reports ($80,000 and $220,000 for the OMA and the CAMESE reports, respectively).
  • Ontario mineral production was valued at $9.8 billion in 2013, which accounted for 23 per cent of the national total.
  • In 2013, 26,000 Ontarians were directly employed in the mining sector, with an additional 50,000 in related manufacturing and processing industries.
  • In 2011, the mining equipment and services sector contributed approximately $6.2 billion to Ontario’s economy.

Additional Resources

Quotes

“As the global mining economy evolves, and new competitors emerge, it is vital for Ontario to remain a world leader in mineral exploration and mining investment. Partnering in research that presents the industry in a new light and suggests new avenues for development is invaluable to business and our government alike. I commend industry for commissioning these reports, and I am pleased to highlight them during this year’s Meet the Miners event at Queen’s Park.”

Michael Gravelle

Minister of Northern Development and Mines

“The numbers in the study An Au-thentic Opportunity: The economic impacts of a new gold mine in Ontario speak loudly and clearly about the positive contributions a new gold mine would make for the economy of Ontario. Perhaps the most important aspect of the widespread benefits of new gold mine is the open doors it provides for thousands of people.”

Chris Hodgson

President. Ontario Mining Association

“We thank the Ontario Ministry of Northern Development and Mines for realizing the potential economic importance of mining supply in the province, and for providing part of the funding which made this possible.”

Ryan McEachern

Managing Director, Canadian Association for Mining Equipment and Services for Export

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Business and Economy Government Jobs and Employment Rural and North