Canada Mining Report

Providing expert analysis, independent forecasts and competitive intelligence on the mining.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Canada Mining Report
Product Price
$1,295.00

BMI View: Canada's mining industry value will gradually return to growth on the back of improving mineral prices and a solid project pipeline.

Canada Mining Industry Value Forecast (2014-2020)
2014e 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: BMI, Statistics Canada
Mining Industry Value, USDbn 24.10 21.20 19.20 19.00 19.50 20.20 21.10
Mining Industry Value, USDbn, % y-o-y -11.00 -12.00 -9.00 -1.00 3.00 4.00 4.00

Latest Updates & Structural Trends

  • Canada, a leading country in the mineral extractive industry, will begin to see a return to mining industry value growth over the coming quarters, supported by improving prices. We forecast the country's mining industry value to increase from USD19.0bn in 2017 to USD21.1bn by 2020, averaging 2.4% annual growth.

  • Gold exploration firms in Canada will increasingly attract investor interest as prices continue to climb. Furthermore, the stable operating environment in Canada and vast gold reserves will support growth opportunities. As of October 6, the number of gold mining investment merger and acquisition deals in Canada totalled 106, a multi-year high.

  • Despite a robust project pipeline, Canada's iron ore production growth will remain muted, due to the weak price outlook, over our forecast period to 2020. The Canadian government will step in to some extent to support iron ore projects, with the Quebec government pledging USD133mn to an iron ore project on the Quebec-Labrador border.

  • In the first seven months of 2016, Canada's mined nickel output increased by 5.5% to 143kt. We expect Canada's nickel output to continue to accelerate on the back of rising prices and new projects. Namely, Royal Nickel Corp's Dumont deposit will drive growth, with production guidance of 33.0kt annually over the first few years and 54.0kt annually by 2021.

BMI Industry View
7
Table: Canada Mining Industry Value Forecast (2014-2020)
7
SWOT
8
Industry Forecast
10
Gold: Outlook To Brighten Up
10
Table: Gold Production Forecast (Canada 2014-2020)
10
Table: Canada - Key Gold Projects
10
Table: Canada - Key Gold Mining Deals
13
Iron Ore: Sluggish Growth To Continue
15
Table: Iron Ore Production Forecast (Canada 2014-2020)
15
Table: Canada - Key Iron Ore Projects
15
Structural Trends
17
Nickel: Solid Growth Ahead
20
Table: Nickel Production Forecast (Canada 2014-2020)
20
Table: Canada - Key Nickel Projects
20
Zinc: Farther To Fall
25
Table: Zinc Production Forecast (Canada 2014-2020)
25
Industry Risk/Reward Index
28
Canada: Risk/Reward Index
28
Rewards
28
Risks
28
Americas: Risk/Reward Index
29
Key Takeaways
29
Latest Revisions
30
Table: Title: Americas - Mining Risk/Reward Index
31
Regulatory Development
32
Commodities Forecast
36
Commodities Outlook
36
Table: BMI Commodities Price Forecasts
36
Competitive Landscape
38
Table: Canada - Select Companies Financial Data, 2015
39
Company Profile
40
Company Profile - Teck Resources - Q4 2016
40
Table: Teck Resources - Key Financial Data
42
Goldcorp - Q4 2016
43
Table: Select Commodities - Price Forecasts
45
Table: Goldcorp - Key Projects
50
Table: Goldcorp - Key Financial Data
51
Table: Gold - Operational Highlights, 2015
51
Barrick Gold - Q4 2016
52
Table: Select Commodities - Price Forecasts
54
Company Strategy
56
Table: Barrick Gold - Key Projects
57
Table: Barrick Gold - Key Financial Data
58
Table: Gold - Operational Highlights, 2015
59
Regional Overview
60
Methodology
65
Industry Forecast Methodology
65
Sources
66
Risk/Reward Index Methodology
67
Table: Weighting Of Indicators
68

The Canada Mining Report has been researched at source and features BMI Research'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.

Key Benefits

  • 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.

Coverage

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.

Key Projects

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by metal/ore.

Company Profiles*

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.

Sources

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.