Published on : Aug 31, 2016
ALBANY, New York, August 31, 2016: ResearchMoz.us has added a new report, which discusses the precious metals and diamond mining in Canada, to its database of research reports. As per the report, in Canada, platinum and gold reserves are primarily found in Ontario and Quebec, whereas silver reserves are found in British Columbia, Ontario, and Quebec. Diamond reserves are located in Northwest Territories. In 2015, Canada had the 10th largest silver reserve at 7,000 tons, 4th largest platinum group metal reserves at 310t, and 8th largest gold reserves at 2,000t.
The report, titled “Precious Metals and Diamond Mining in Canada to 2020,” primarily covers the details pertaining to the reserves of platinum, gold, silver, and diamond in Canada. Key precious metal producers in Canada are listed in the report by the authors. For a clear understanding of the production of the precious metals, the report studies various regulatory laws, rules, taxes, and charges application to the production and mining of precious metals.
Reserves of precious metals in Canada are segmented on the basis of region, ore type, country, and grade. Gold mine production is also studied in the report by considering various territories and provinces. In Canada, mineral processing and mining is one of the largest industries. In 2014, this industry employed approximately 375,000 people. In 2015, Canada was globally the 5th largest manufacturer of gold with 5.4 million ounces. In the same year, Canada was globally the 9th largest manufacturer of silver with 13.1 million ounces. In 2015, Canada was also the world’s 4th largest manufacturer of platinum with 261,255 ounces.
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The report also highlights various governing bodies and governing laws of the mining industry in Canada. Ontario, the ministry of Northern development and mines, Quebec, Ministre des ressources naturelles et de la faune, and Newfoundland and Labrador, department of natural resources are some of the governing bodies in Canada.
Key fiscal terms used in the mining industry in Canada are also highlighted in the report. Royalties, corporate income tax, provincial income tax, branch profit tax, withholding tax, and goods and service tax/harmonized sales tax (HST) are some of the fiscal terms used in the mining industry in Canada.
The rising number of active projects, development projects, and exploration projects are predicted to increase the production of precious metals in Canada, predict the analysts. A comparison between historic and forecast production of various precious metals in Canada is highlighted in the report.
For a competitive analysis, the report compares the production capacities of key companies and the new entrants. Goldcorp Inc., Agnico-Eagle Mines Ltd., Glencore Plc. Vale SA, and Rio Tinto Plc. are some of the key precious metal producers based in Canada. As per the findings of the report, the startup companies will have to undergo tough competition from the key companies operating in the market. However, the entry of new producers of precious metals is expected to increase the level of competition for the key companies throughout the forecast period.
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