Tuesday, January 29, 2013

Conference Board Predicts Big Things for Mining

A report by the Conference Board of Canada predicts mining production from Canada's North will nearly double by 2020.

However, the report says a lack of transportation, energy and other infrastructure are biggest obstacles to northern mining development.

The Conference Board forecasts mining output from the North will grow by 91 per cent from 2011 to 2020.
Northern Ontario's mining output will expand by 66-percent during that period.

An additional seven thousand northerners will be needed by 2020 to handle the increase in development.