"Canada Mining Report 2010" is now available at Fast Market Research

May 20, 2010 - PRLog -- 2009 was a very difficult year for the Canadian mining industry. Falling minerals and metals prices and uncertainty over the economic outlook saw mines closed, production levels cut, projects deferred and exploration budgets reduced. According to figures from Natural Resources Canada, the total value of minerals produced in Canada fell by 31.5% year-on-year (y-o-y) to CAD32.2bn. Metallic mineral production fell to CAD16.2bn (down 28.5%), non-metallic mineral production fell to CAD11.5bn (down 40.9%) and coal production fell to CAD4.5bn (down 8.9%).

However, with the worst of the global economic crisis now widely believed to be over, there are reasons for optimism in 2010 and beyond. There are a spate of new mine openings planned for the coming years, including Terrane Metals Mount Milligan copper and gold mine, Taseko Mines Prosperity copper and gold mine and Copper Mountain Mining's copper and gold mine in British Columbia. Additionally, Cameco and Areva are both developing new uranium mines in Saskatchewan. All of which bodes well for the future development of the Canadian mining sector.

New Data

For 2010, BMI has made significant changes to the way in which we forecast mining data. As well as using local statistics agencies and associations, we now also draw on the expertise of the UN's Industrial Commodity Statistics Database, the US Geological Survey and the World Bureau of Metal Statistics for our historical export and production data. We then forecast this data using our own proprietary econometric model. Human intervention also plays a necessary and desirable role in our mining forecasting; experience, expertise and knowledge of industry trends and developments ensure that we can spot likely future changes and anomalous data that a purely mechanical model would not.

Country Overview

Canada is home to reserves of coal, copper, gold, iron ore, nickel, uranium and zinc, among other minerals. The country is now in second place in the world in terms of uranium production, having lost its number one slot to Kazakhstan during 2009.

Industry Forecast

After a difficult 2009, where we estimate that the total value of the Canadian mining industry shrank by some 10% y-o-y, we now believe that the scene is set for strong growth from the industry over our newlyextended forecast period to 2014.

With several important new mining projects set to commence production in the coming years, in the copper, gold and uranium sub-sectors, the sector as a whole should be able to post an annual average growth rate of some 7.4%.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/60423_canada_mining_report_201...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Canada Political SWOT
- Canada Economic SWOT
Global Mining Outlook, Q310
- Table: Rio Tinto's Capital And Major Evaluation Projects For 2010
- BMI Views
- Risks To Outlook
Industry Trends And Developments
- Overview
- Regulatory Structure And Developments
Key Projects
- Metals
- Iron Ore
- Gold
- Copper
- Nickel
- Uranium
- Minerals
- Coal
- Diamonds
Mining Business Environment Ratings
- Table: Americas Mining Business Environment Ratings
Political Environment
Industry Forecast Scenario
- Commodities Forecast - Copper
- Table: BMI's Copper Forecasts
- Table: Copper Data And Forecasts, 2005-2011
- Commodities Forecast - Aluminium
- Table: BMI's Aluminium Forecasts
- Table: Aluminium Data And Forecasts, 2005-2011
- Commodities Forecast - Gold
- Table: BMI's Gold Forecasts
- Table: Gold Data And Forecasts, 2002-2009 (tonnes)
- Canada's Mining Forecasts
- Table: Canada Mining Historical Data And Forecasts, 2007-2014
Competitive Landscape
Company Monitor
- Barrick Gold
- Teck Resources
- Western Coal Corporation
Global Assumptions
- Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012
- Table: Global Assumptions, 2008-2014
- Table: Developed States' Real GDP Growth, 2009-2012
- Table: Emerging Markets' Real GDP Growth, 2009-2012
Business Environment Ratings Methodology
- Table: Mining Business Environment Indicators
- Table: Weighting Of Components

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