BMI View: Canada will remain one of the largest players in the global mining industry. Its diversified mineral base and well-developed capital markets will enable it to remain a top source of metals and financing, respectively. Indeed, the country will remain a top-ten global producer of zinc, lead, iron ore, nickel, copper, gold, silver, uranium and potash over the next five years.
Canada's mining sector advantages will continue in the coming years, enabling solid, if modest, industry growth to 2019. Moreover, Canada's political leadership is likely to maintain favourable tax and regulatory policies for the sector, though policies may vary across the provincial level. However, the country's miners will need to grapple with a subdued external environment as Chinese demand growth for metals moderates and as US growth remains below trend.
| Potash & Gold Remain On Top |
|Canada - Minerals By Value Of Total Sector Output, 2013 (%)|
Nevertheless, exploration and development activity will continue on account of the country's untapped resources. While Canada is less cost competitive on a per-unit-of-output basis compared to some developing-world exporters, its technological, infrastructure, and governance advantages makes it an attractive investment destination. We therefore forecast positive, though modest growth, of 2.0% on average per annum in 2015-2019.
| Positive But Modest Outlook |
|Canada - Mining Industry Value & Growth|
Canada will remain host to many of the world's senior and junior miners, many of which engage in both domestic and international exploration and development activities. While financing conditions have gradually improved, junior miners with weaker balance sheets and fewer exploration and development prospects will still face some financing difficulties, encouraging asset sales and consolidation within the sector. Additionally, we expect private equity (PE) investment in the mining sector to become increasingly prominent, as PE firms seek...
The Canada Mining Report has been researched at source and features Business Monitor International (BMI)'s mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Canada Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Canada.
- Use BMI's independent industry forecasts on Canada to test other views - a key input for successful budgeting and planning in this mining market.
- Target business opportunities and risks in Canada's mining sector through our reviews of latest mining industry trends, regulatory changes and major deals, projects and investments in Canada.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity), Key Projects Tables and Competitive Landscape Tables.
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, covering mining reserves, supply, demand and prices, plus analysis of landmark company developments and key changes in the regulatory environment.
Industry SWOT analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the mining sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:
- Mining industry: Industry size (USDmn), real growth (%), % of GDP, employment (‘000), workforce as % of total workforce, average wage (USD).
- Output: Production volumes (‘000 tonnes, carats etc.) for all major metals, minerals, ores and gems mined in each state, including bauxite, copper, gold, coal, lead, silver, tin, titanium, uranium, zinc etc.
- Exports: Value of exports (USDmn) for all major metals, minerals, ores and gems mined in each state.
- Commodity markets: Global demand, supply, stocks and benchmark prices (USD) for aluminium, copper, lead, nickel, tin, zinc, gold and steel.
BMI’s Mining Risk Reward Index
BMI’s Risk Reward Indices provide investors (mining companies and support service providers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.
Competitive Landscape Tables & Analysis
Comparative company analyses and tables detailing USD sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, production and % market share.
Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by metal/ore.
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
The Mining reports are based on an extensive network of primary sources, such as multilateral organisations (UN, WB, IMF), national chambers of commerce and industry, national statistical offices, government ministries and central banks, and multinational companies.
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.