The metals and mining industry is one of the many high-risk industries around the world, including North America. Do you keep up with the latest in the metals and mining industry?
Did you know…
- On average, every American uses approximately 3.4 tons of coal and nearly 40,000 pounds of newly mined materials each year
- With nearly 60% of all U.S. electricity generated from coal and uranium and nearly every manufactured good containing some mineral component, mining has never been a more vital industry
- Canada’s mining industry is one of the largest in the world
- Producing more than 60 metals and minerals, Canada is among the top five worldwide producers of 14 different commodity metals and minerals
- Canada is the largest producer of potash worldwide, the second-largest uranium and niobium producer, and the third-largest aluminium, nickel, platinum group metals, gemstone, and cobalt producer
- Canada is the fourth-largest sulfur and indium producer in the world
- For gold, diamonds, and titanium, Canada is the world’s fifth-largest producer
- According to industry experts, the leading North American players include Grupo Mexico S.A.B. de C.V., Freeport-McMoRan Inc., and Barrick Gold Corporation, which are ranked in the top 40 global mining industry leaders
- The combined markets of US, Canada and Mexico produced minerals with a total value of $154.8 billion in 2016
- According to the Mexico Mining Review (MMR), the global exploration budget was $6.89 billion with North America holding 27.2% or $1.87 billion of the total budget
- According to industry experts, Canada’s safe political system and attraction for mining possibilities, has made the country the world’s leading destination for investments, holding 14.1% of the global exploration budget
- The United States and Mexico Mining Industry each hold a value of 7.3% and 5.8% respectively of the total exploration budget totalling to $903 million (MMR)
- Canada is recognised globally for their leadership in safety, sustainability, and being more politically stable in comparison
- It is also listed as the global leader for producing the mineral called potash according to MAC
- The National Mining Association (NMA) of USA shows the United States produced approximately 1.3 million metric tonnes of coal, which is the largest commodity the US produces, contributing 7.0% of production to the total global percentage as published in the “U.S. Percent Share of Selected World Nonfuel Mineral Production, 2017” Survey
- Mexico’s leading commodity is silver, which has a 25.0% production share to the global market
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