2020 was a remarkable year for the global mining industry. The impact of the covid-19 pandemic was felt early and hard by the global mining industry through shutdowns of mines, ports and rail and other transportation infrastructure, with shipments stranded at sea or caught in port and with inconsistent restrictions imposed from country to country. Notwithstanding the foregoing, the human spirit responded in remarkable manner and the global mining economy finished the year and commenced 2021 on an upswing with continuing strong contributions to the global economy as summarised below.
North America and Greenland
In Canada, the mining sector accounts for a significant portion of the economy. Canada is a leading global producer of several minerals and metals, most notably in the production of potash, primary aluminium, cobalt, diamonds, gold, nickel, platinum group metals, salt, titanium concentrates and uranium. Key exports include aluminium, coal, copper, diamonds, gold, uranium, nickel, potash, zinc, iron ore and steel. Recently, there has been a focus on minerals used in battery technology. There is ongoing cobalt and lithium exploration across most of Canada, and the value of Canadian cobalt production has risen in recent years.
In Mexico, the mining industry contributes a considerable portion to the country’s gross domestic product (GDP). Additionally, the social benefits of mining spread throughout the country, making Mexico a destination for foreign investment. The...
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