A High-Tech Productivity Powerhouse

report coverThis study discusses the contribution of the mining industry to the overall Ontario economy.  It presents the what, when and where of the sector, who is involved in the industry and why and how mining matters to Ontario.

The study was produced for the Ontario Mining Association by G&K Accounting Professional Corporation with the assistance and co-operation of the Ontario Ministry of Northern Development and Mines. Highlights of the study would include:

  • The total value of mineral production in Ontario in 2005 was $7.2 billion
  • Mining provides Ontario with a trade surplus of about $1.7 billion annually
  • The productivity of the industry continues to improve and on average the value of mineral production per employee in the sector has increased by 7% annually since 1994
  • Jobs in the mining industry continue to be among the highest paid in Ontario and employee compensation is 50% above the average for all industries
  • Total capital investment in Ontario mining, including research, exploration, construction and equipment, reached $1,684 million in 2005, representing an increase of 87% from 2002
  • Research & Development investment by Ontario's mining industry was $109 million in 2005
  • The value of goods and services procured within 80 kilometres of mine sites in Ontario have doubled over the past five years to a level of $836 million in 2005
  • The industry invests more than $2,280 per employee annually in safety training

Ontario's mining industry is a productivity powerhouse.  It is a modern, high-tech, solution-providing industry that delivers benefits to all parts of Ontario that far outweigh the size of the industry relative to many others.  It is an industry that believes in itself and in Ontario.   To learn more about its economic contribution to the society and economy of Ontario click here to download the report.