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Mining is one of the few industries which takes
place in all parts of the province – from
Red Lake to Perth and from Attawapiskat to Windsor.
All of the province benefits from the social and
economic contributions of the mining industry.
Mining today is a modern, safe, environmentally
responsible, high-tech industry.
The mineral producing sector in Ontario employs
more than 16,500 people directly. The minerals-producing
and metals-fabricating sectors in Ontario employ
another 180,000 people and it is estimated that
the supply and service sector has another 14,000
jobs in Ontario supported by mining.
These are among the best paying jobs of any sector
of Ontario’s economy. The average mining
salary and benefits package is more than $95,000
annually.
More than 85% of the mining workforce uses advanced
technology – advanced materials, telecommunications
and electronics.
As a percentage of total employees, mining has
50% more people with PhDs than the manufacturing
sector in Ontario.
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The safety performance of the industry in Ontario
is among the best in the world.
This safety performance has made a 90% improvement
in the past two decades.
For 2004, the sector had a lost time injury frequency
of 1.1 per 100 workers
For the first six months of 2005 that rate has
been reduced to 0.8.
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The value of Ontario’s mineral production
in 2004 was a whopping $7.2 billion. Metallic
minerals, including nickel, copper, gold, zinc,
platinum and palladium accounted for $4.8 billion
of the total. Non-metallic minerals such as cement,
stone, sand and gravel, gypsum, and salt accounted
for $2.4 billion.
Nickel, mined mostly in Sudbury, is Ontario’s
most valuable mineral commodity, worth $2.1 billion
in 2004. Gold came next at $1.2 billion, then
copper at $660 million. Platinum group metals
held fourth spot at $415 million.
Canada is the world’s third largest nickel
producer, accounting for 15.7% of world production
in 2001. We’re the third largest zinc producer,
the fifth most important producer of lead and
number six in copper.
The market capitalization of mining companies
listed on the Toronto Stock Exchange and the Toronto
Venture Exchange is $139 billion.
On the Toronto Stock Exchange (TSX), mining companies
represent 15% of the listed companies, 30% of
the trading volume and 17% of the trading value.
Mining companies raised more than $4 billion in
public offerings on the TSX in 2003.
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The mining industry provides the foundation
stones and the building blocks of our modern society.
The materials which are produced by the mining
industry improve our lifestyles, enhance our environment
and make us more energy efficient.
Advancements being made on everything from solar
cars to energy efficient homes have their origins
in mining.
For example, high quality calcium carbonate is
used as filler in plastics, paints and papers,
among other products.
Using calcium carbonate in these consumer and
industrial products reduces the quantity of petrochemical
feed stocks needed to make plastics and paints
and the number of trees needed to make paper.
It also reduces the amount of energy needed to
make these products.
Other industrial minerals mined in Ontario include
gypsum, talc, silica and vermiculite.
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Ontario is home to the world’s largest
open pit palladium/platinum mine in the world.
Its products are used in catalytic converters,
which reduce pollution and emissions from combustion
engines used in different modes of transportation.
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Nickel is the key alloy ingredient which makes
steel stainless. Stainless steel, in turn, is
an important material in pollution prevention,
medical and dental equipment.
You see lots of nickel used in smoke stack scrubbers,
commercial kitchens throughout the food services
industries and in hospital operating rooms. Your
kitchen sink wouldn’t be nearly as nice
without its nickel content.
Nickel was first discovered in the Sudbury area
in 1856 and began being mined in 1886.
The Sudbury Basin was formed 1.8 billion years
ago when a meteorite slammed into the Earth, cracking
its shield and allowing mineral-rich magma to
rise up, collect in pockets and eventually cool.
The Sudbury Basin has yielded more than 20 billion
pounds of refined nickel and approximately the
same volume of refined copper, plus an assortment
of other minerals since mining began in the region
over 100 years ago.
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Canada produced 148 tonnes of gold in 2002,
making us the eighth largest gold producing country
in the world.
Canadian gold mining companies such as Barrick,
Placer Dome and Kinross operate mines around the
world.
The largest single gold mine in Canada, Goldcorp’s
Red Lake Mine in northwestern Ontario, produced
16.5 tonnes of gold in 2003.
World gold production in 2002 was 2,587 tonnes.
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