The Mining Industry Is Potash Corporation Of Saskatchewan

1800 WordsAug 8, 20168 Pages
Mining is one of Canada’s main industries primarily involving the processes of extraction, refining and processing of valuable minerals and rocks. The industry is a major employer, with approximately 375,000 people working in the mining and processing industries. In fact, these employees enjoy an average annual salary of around $100,000 compared to the average $33,000 of other industries (forestry, finance, and manufacturing) in the country. More so, more than 3,700 companies globally, supply engineering, environmental, financial and other relevant services towards Canada’s mining industry. (http://mining.ca/resources/mining-facts ) The key players in the mining industry are mainly the mining industries. The largest mining industry is Potash Corporation of Saskatchewan. It was established in 1975 by the government. In 2015, the company made $30 billion from mining. It is the largest potash mining industry in the area. The other major mining companies include Goldcorp Incorporation, Agrium Incorporation, Teck Resources Limited and Barrick Gold Corporation, which is the largest gold mining industry in the world. (http://mining.ca/resources/mining-facts ) The Mining industry is an economic engine, both in Canada and globally. In 2014, the mining industry alone contributed $57 billion to the Canada’s GDP. In addition to that, it accounted for 18.3% of the Canadian goods exports in the same year. The mineral production value in 2014 stood at $44.7 billion while the accrued taxes

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