Mining has become an integral part of the economy in Canada. Improving your knowledge bi-monthly with interesting facts, stories and things that make you think about the Canadian mining industry.
Did you know these fascinating facts about the mining industry;
- In 2017, Quebec was the leading jurisdiction in terms of exploration spending, followed by Ontario and British Columbia. These three jurisdictions accounted for 64.4% of total exploration and deposit appraisal expenditures. Source: http://www.nrcan.gc.ca/mining-materials/publications/17762
- The first metals to be unearthed were gold and copper. Copper finds have dated back to 8,700 BC. Scientists have even located copper pipes that dated back more than five thousand years. Source: http://www.dartmouth.edu/~toxmetal/toxic-metals/more-metals/copper-history.html
- That BC is Canada’s largest producer of copper & largest exporter of steel making coal? Source: https://www.nrcan.gc.ca/mining-materials/publications/17722
- The ‘Luck of the Irish’ is an old mining term. During the gold and silver rushes in Western America, some of the most famous and successful miners were Irish immigrants or of Irish descent. This phenomenon gave rise to the phrase “The Luck of the Irish.”
- The average modern electronic device has more than 35 minerals in it. From the smartphone in your pocket to the computer you rely on for work, modern electronics use gold, copper, zinc (which is 100 percent recyclable, by the way), and several other minerals to function properly.
- Gold is elusive. It’s believed that upwards of 80% of the world’s gold has yet to be discovered and is still buried beneath the earth’s surface. And therefore, did you know that pure gold is so soft that it can be molded with nothing more than a simple hand tool? Source: http://www.wealthwire.com/news/metals/2999
- That the total Canadian mineral production reached a value of $43.9 billion in 2017? Which is an increase of 11.3% from the 2016 total of $39.4 billion. Source: https://www.nrcan.gc.ca/mining-materials/publications/17722
- In 2017, spending by junior companies accounted for 44.9% of total exploration and deposit appraisal expenditures compared to 38.9% in 2016.
Around the world, countries of all shapes and sizes depend on the vast wealth of resources waiting just underneath the surface of the planet. For centuries, mankind has used mining techniques and technologies as the basis for ushering entire civilizations into grand new eras.
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