$139 billion in new projects planned in the next decade

Mining in Canada is back and growing according to the latest report by Mining Association of Canada (MAC). MAC’s annual Facts & Figures 2011 finds that mining in Canada has not only recovered from the 2008 economic crisis, but is now entering a period of significant and sustained growth.

Report on Mining, Oil and Gas Companies CSR Initiatives Released 

The Mining Association of Canada (MAC) today released a report providing an update on the status of recommendations arising from the National Roundtables on Corporate Social Responsibility (CSR) and the Canadian Extractive Industry in Developing Countries.

The Mining Association of Canada (MAC) is pleased by the federal government's announcement of improved timelines for the review process of major projects as described by the Honorable Joe Oliver's open letter to Canadians in yesterday's Globe and Mail.

With over $137 Billion of capital investment expected in Canada's mining sector over the next five years, an effective and efficient regulatory system is now more important than ever.  MAC members are committed to responsible development and welcome rigorous and timely regulation.

The Mining Association of Canada (MAC) welcomes the recent announcement by the federal government regarding the regulatory approval of the Joslyn North Mine Project. The project represents a major investment in Canada’s oil sands, an opportunity that will bring additional jobs and growth for the Canadian economy.

For the province of Alberta, the Joslyn Mine translates to $9 billion in new capital investment, $52 million a year to municipal property tax revenues and over $10 billion in revenues for provincial and federal government over the next 40 years.