The Mining Industry Is Potash Corporation Of Saskatchewan

The Canadian mining exploration industry was extremely competitive and consisted of about 80 drilling contractors, many of which had little

Mining has strong increase in revenues and investment in the mining sector and for other industries aligned to mining and resources. Modelling undertaken for this document estimates that the mining increase has on average delivered 0.62 per cent to whole funding

The Britannia Mines has played such a major role in the building blocks of British Columbia’s economic development and early history. Behind the unforgotten community that once flourished with 60,000 miners of different races and religions, lies a rich history that captures the hearts of many who pass by one of the most successful copper sites of its time. With that being said, the legend behind the discovery of affluent minerals in Britannia Mines is by a doctor who was searching for gold in the year, 1888. After many failed attempts to set up a mining industry, the Britannia Mine and Smelting Company Ltd. took interest in this discovery and developed operation systems and communities. The Britannia Mines in the 1920s became such a successful

The province of Quebec does possess the power and resources to be an independent country. Quebec has an abundance of natural resources, including its forests, mines and renewable energy. Quebec is home to many lakes and rivers, such as the Rupert River, which provide clean, contaminant free water and hydroelectric power for its residents. Quebec has approximately thirty mines, resulting in being a major producer of metal and jewels such as: iron, zinc, nickel, copper, diamonds, gold, and many others. These mines are a positive influence on the economy, for it provides a multitude of jobs for the unemployed. Quebec is also the focal point of all economic activities in Canada.

Konrad Yakabuski’s stance on the issue was made clear from the title, “Why Canada needs to develop the oil sands”. The author’s decision to add the word “why” indicates that there will be several pieces of evidence to back up the author’s argument. These pieces of evidence included: How vital the oil sands are to Alberta’s economy, it provides employment, and how the oil sands are a great opportunity for Canada to grow economically. When talking about the province’s economy in relation to the oil sands the author writes, “Oil sands royalties are critical to Alberta’s fiscal health. And Ottawa relies on oil-related tax revenue from Alberta to fund federal programs.” 2 The author also talks about how it is “a source of valuable foreign investment that

The oil sands have been Canada’s major contributor to their economic activity for many years. The oil industry has led to benefits for other industries such as business services, manufacturing, retail, finance and insurance. The impacts of the oil sands economically can also be seen in the national employment rates and statistics. People are immigrating from countries outside of Canada and other regions of Canada to move to Alberta in order to get high-paying jobs from the development of the oil sands. Recently Canada’s cost for oil has increased and oil sands producers are struggling as oil prices begin to plummet, and even the most efficient

Canadians are known around the world for being polite, apologetic and of course they’re known as, “We The North.” Canada has the second largest land mass in the world, at almost ten million kilometers squared, where three and a half million kilometers, are that of the north(1). There is a wide variety of resources that any of the other states would like to be a part of. Ranging from forestry, to fishery, natural water, and mining. Mining being the largest of all these

Naturally, the boom of the separate Gold rushes in Western Canada was attractive to the common people for the possibility of attaining large profits in a smaller time period. Thus, the possibility was exciting to many, bringing over a plethora of people who formed communities centred on mining. As such, the large populations of people coming into the area and gaining land was more than enough to enrich and establish a new type of town-structure, this aptly labelled as mining towns. Ultimately, the fate of these types of towns are definite as each of them reach a fate that is reminiscent of the nature of the gold rushes; temporary fads that attracted many, but wouldn’t last long.

For instance, in the year of 2013, the economic cycle was not in favor of Canadian miners as they were forced to tighten their production. But, the problem for Barrick Gold was exaggerated by the environmental and social issues in Canada which also made headlines across the world.

This paper presents an analysis of the economic potential of Ontario’s Ring of Fire, the mineral resource-rich area of approximately 5,120 km2 located in the James Bay Lowlands region of Northern Ontario (see map on page 5). Our analysis shows that the Ring of Fire offers an unparalleled opportunity for the province to diversify its economy and solidify its place as a global leader in mining and mining technology. In order to maximize the benefits—both social and economic— Ontarians require an evidence-based discussion on the potential of this project and mining more broadly. The Ring of Fire does not yet resonate in the consciousness of the broader public.

The economic factors contribute to the Northwest Territories’ accomplishments. The main industries in the Northwest Territories are tourism and mining. Since the ground has permafrost and is unsuitable for farming and agriculture, we use the land for other resources. The Territories’ most valuable natural resources are minerals. Copper is extracted on the Coppermine River and oil is pumped on the Mackenzie River. Gold and diamonds can also be found in the region. The amount of diamonds makes the Northwest Territories the third largest manufacturer of diamonds in the world. The territory also has silver, cadmium, lead, tungsten, zinc, and nickel. As measured by the GDP, The Northwest Territory’s economy is highly influenced by the global economy. Its workforce currently has the highest average income in Canada and amongst the lowest tax rates in Canada. As of January 2014 the employment rate was 68.4 percent.With its success in industry and increase in population, the Northwest Territories will continue to thrive for a better future.

The first sign of mining in Canada came from the Aboriginal inhabitants. The aboriginals would mine for Native copper, silver, gold, Flint, Pipestone and Chelt. Aboriginal people use this to make weapons, decorations and tools from these materials. They also traded these materials. Canada is ranked in the top five countries that mine for minerals and metals. It is number one in potash. Second in uranium, nickel and niobium. Third In Cobalt, aluminum and platinum in the group metals. Fourth in salt, sulphur and tungsten. Fifth in diamonds, graphite and gold. Potash was discovered in saskatchewan in 1943, while drilling for oil. But exploration of potash did not start until 1951 . The potash company of america between the first potash producer

* Iron Ore Company of Ontario is working in the business field of processing iron ore.

According to the Mining Intelligence Database, the mining sector employs over one million people and spends over R78 billion in wages and salaries (The Role of Mining in the South African Economy, 2015), and importantly, it is one of the few sector that employs unskilled and semi-skilled people.

The mining industry has seen an explosive growth from the past few decades. It has played an important role in economic growth, infrastructure development and a raise in the living standard of the whole world. According to the Australian National Accounting System, the mining sector has made contributions of 9.8% GDP growth to the Australian economy between 2008 to 2009 (Australia Bureau of Statistics, 2012). However, the mining industry has caused many environmental issues such as adverse effect to air, land and water quality and continues to affect global environment as a whole. According to the World Health Organization, it evaluated that 25% of worldwide death are directly associated with environmental pollution (Blacksmith Institute, n.d). This essay will outline the environmental issue raised by the mining industry with pinpoint focus on the effects to air, water and land. It will also provide strategies for mining companies to improve the environmental conditions.