Canada Must Seize the Moment and Act to Retain Its Position as a Mining Power – Mining Life
The Canadian Mining Industry must seize the moment to remain a mining power or other countries more desperate for mining revenue will surpass Canada Pierre Gratton President and CEO of the Mining Association of Canada told an audience attending the North America Mining Expo Gala Dinner in Sudbury on September 9, 2014.
Canada once ranked in the top five of mineral producer today is ranked 10th. As well Australia has eclipsed Canada as the leader investment in mining exploration.
Despite these developments Canadian mining prospects will be strong in the medium to long term Gratton said. He acknowledged that proposed and planned mining project worth upwards $160 billion over the next 5 to 10 yrs.
Increased competition
But Gratton pointed out that increased competition from mining ventures in Africa, Latin America and Australia means purchasers can go elsewhere if Canada cannot provide the supply of minerals needed by global markets.
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