The mineral sector generates five per cent of our GDP, $125 billion in 2021 (including $12.9 billion in B.C.), employs 400,000 Canadians and is the largest sectoral employer of some 16,500 Indigenous Peoples.
The 11-year CEO of the Mining Association of Canada, by any objective measure, ought to be beaming at the confluence of events making possible an historic boom in the sector he represents.
And why not? The mineral sector generates five per cent of our GDP, $125 billion in 2021 , employs 400,000 Canadians and is the largest sectoral employer of some 16,500 Indigenous Peoples.We and most of the world want nothing of Russia’s minerals, and we have the U.S.
It is true and hopeful that last week, as Gratton addressed the Greater Vancouver Board of Trade, he could cite a comment earlier this summer by the federal Natural Resources Minister Jonathan Wilkinson that Canada has to more swiftly issue permits to extract what the market needs – needs, it might be noted, in no small measure to meet the lofty standards of climate action.What one voice wants is not what other voices act upon.
To be fair, it is also true that last spring’s $3 billion commitment to mining in the budget was a starting point on many of these necessary steps. More is likely to follow, and those funds should flow into the system on the other side of whatever weak recession most economists surmise is imminent or might already be upon us. Gratton is convinced it will help make Canada the world leader in global mineral exploration.
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