January 22, 2013Procurement Consulting – Brickwork Sourcing

Canada’s Mining Sector Recovers from a Brick Wall HitCanada’s Mining Sector Recovers from a Brick Wall Hit

Brickwork India (Confidential)

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Canada ranks among the top five countries globally in the production of 14 major minerals and metals.

Canada's mining industry seems to be on the right path to continued prosperity despite the current market volatility.

Commodities drive 20% of the GDP in Canada and the recent commodity market slowdown did have an impact on the Canadian economy.

Canadian mining companies have begun to invest millions in research and development as well as exploration annually.

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Current Scenario

Important factors influencing the metals and mining industry in Canada going forward include shortage of skilled workers, increasing social demands for environmental protection and a downturn in world demand stemming from political instability.

China being the top consumer of Canada’s mining industry mandates good trade relations for increased and sustained investments in Canada’s metals and mining sector.

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The Future Road

The main growth driver in the Canadian mining sector is increased influx of investments and demand from countries such as China which is one of the biggest consumers.

According to Financial Post data, the metals and mining industry in Canada is mainly driven by the debt market and Canadian miners have sold US$15.6 billion of debt in 2012 compared to US$9.4 billion in 2011 and just US$5.5 billion in 2010.

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Growth Drivers and Opportunities

Market Potential

The Mining Association of Canada (MAC) estimates that there is bound to be about US$140 billion in new mining investments in Canada over the next five to ten years.

British Columbia region being Canada’s minerals gateway to key Asian markets is expected to see more than US$30 billion in investment over the next ten years.

Opportunity awaits investors in Canadian mining companies which are looking for innovation to grow beyond the recent slowdown, this would throw open sourcing opportunities which is a concern area and an impediment to growth. Mining equipment and machinery being sourced from third world countries needs to gain more focus for these mining giants to push for greater expansion and therefore these projects would heavily rely on global sourcing. Brickwork Sourcing works with metals and mining companies and has capabilities of providing end-to-end sourcing, vendor and supply chain management.

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“The information contained in this document that includes text, graphics and links, are provided on an “as-is”, "with all faults" and "as available" basis and are without warranty of any kind. While Brickwork relies on sources that are believed to be reliable, it cannot rule out errors in judgment or application. The document is intended for “information” and “general guidance” purposes only.” Investment decisions and/or other decisions based on the conclusions and potential strategies mentioned in the document are not necessarily endorsed by the Brickwork management.”

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About Brickwork Sourcing

Brickwork is the pioneer of the Virtual Office business. We provide virtual support for businesses across the globe. Our well informed Remote Sourcing Analysts (RSAs) can provide support at any or all stages of your sourcing lifecycle. Your Virtual Sourcing Office can be a large team of analysts supporting large companies with established procurement processes or a one-man-show to function as your entire procurement office.

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THANK YOUTHANK YOUContact:info@brickworksourcing.com Sanjeeth HegdeIndia: +91 (80) - 4040 – 9999 (218 Ext)

13 April 2023

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