Canadian Mining Industry

By: EconomyWatch   Date: 30 June 2010

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Canadian mining industry is largely dominated by coal mine and gold mine and to some extent by iron, nickel, silver, platinum, cobalt and copper mines. Canadian mining industry belt primarily comprise of areas like Ontario, East Kootenays, and Sudbury.

Mineral and metal varieties of Canadian mining industry

Canadian mining industry produces more or less sixty categories of metals and minerals. Out of these, the most valuable one is gold, and the other profit making minerals are copper, iron, zinc and nickel. The associated industry resources are asbestos, cement, sand and gravel.

Some other profit making Canadian mining industry resources include oil and gas.

Key persons directly involved in Canadian mining industry

Canadian mining industry comprise of mining components like miners, who are actually the mine workers, engineers, accountants, financiers, and of course the company owners. The miners actually take the active part in mining activities. The other key persons directly or indirectly involved with this industry are environmentalists, lawyers, geologists, marketers etc.

Business potentiality of Canadian mining industry

On the economic perspective, Canadian mining industry is a prosperous one, but need more capital investment to make it a big and more profitable one. The government of Canada should also have to take necessary strategies and policies, so that investors, lenders and shareholders can show their interest to invest in this sector.

Employment opportunity in Canadian mining industry

There is a very good employment opportunity exist in Canadian mining industry sector. The most active employees of Canadian mining industry are the mine workers, who earn very good wages.

Canadian Mining Industry Research Organization

The Canadian Mining Industry Research Organization (CAMIRO), is primarily responsible for conducting research work for increasing the efficiency of mining activities. The other main target of CAMIRO is to enhance the standard of mining service. CAMIRO is functionally divided into three units namely exploration, mining and metallurgical processing. CAMIRO looks after the safety and profit issue, thereby trying to improve the status of Canadian mining industry with comprehensive research projects.

 


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