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Increasing demand for critical minerals could strengthen Canada’s mining industry

Published by , Editorial Assistant
Global Mining Review,

Pierre Gratton, President and CEO of the Mining Association of Canada (MAC), in his annual address to the Greater Vancouver Board of Trade, has spoken of the state of Canada’s mining industry and how recent commitments to mining show promise for Canada’s mining sector. Such commitments include the Canada-US Joint Action Plan on Critical Minerals Collaboration and the Canadian Minerals and Metals Plan (CMMP).

Canada ranks among the top five countries in the global production of 15 minerals and metals. The new Canada-US Joint Action Plan will improve collaboration to help ensure the responsible sourcing of the minerals that are used to many different sectors.

In addition to the Canada-US Joint Action Plan, the CMMP – a federal-provincial initiative which includes measures that aim to enhance the sector’s competitiveness and promote Canada’s role in the mining sector – also provides a vision that could position the industry for success in the years to come.

“Critical minerals are more rare than earth elements, and include several minerals and metals already mined in Canada, including cobalt, copper, precious metals, nickel and uranium, which are critical to low carbon electrification and new battery technologies in the automotive, space, defence and high-tech sectors,” said Gratton.

“It is time to be ambitious. We have an opportunity to lay the foundation for a new era in investment and middle class job creation, not just in mining but in new, emerging downstream industrial and manufacturing sectors.”

Canada’s mining sector focuses in particular on responsible mining practices. MAC’s ‘Towards Sustainable Mining (TSM)’ programme has emerged as a standard adopted by mining associations in seven countries on five continents in the past 5 years. The programme focuses on enabling mining companies to meet society’s needs for minerals, metals and energy products in the most socially, economically and environmentally responsible way through mandatory commitments to annually report and assure social and environmental performance with multi-stakeholder oversight.

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Canadian mining news