Canada Coal Mining Industry 2015 Key Trends, Demand, Forecast and Analysis to 2020
Deerfield Beach, FL -- (SBWIRE) -- 09/10/2015 -- Synopsis
In addition, the trade section provides information on export volumes to destination countries, as well as imports. The report also includes drivers and restraints affecting the industry, profiles of major coal mining companies, information on the major active, exploration and development projects, and regulations governing the industry.
The fiscal regime section provides information about the country's regulatory authority, laws, licenses and other fiscal regime information such as taxes, rates and other charges applicable to the mining of the commodity in the country. It is an essential tool for companies active in Canadian mining, and for new competitors considering entering the industry.
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Coal is by far the most abundant fossil fuel available in Canada, with recoverable reserves totaling 6.6 billion tonnes (t) at the end of 2013, which, according to BP Statistical Review of World Energy, accounted for 0.7% of global reserves. Around 53% of the reserves are of bituminous grade and coking type, with sub-bituminous and lignite-graded coal accounting for the rest and the majority of these are located in the western provinces of British Colombia, Alberta and Saskatchewan.
The report contains an overview of the Canadian coal mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, reserves by region, production, production by region, historic consumption and forecast, consumption by sector and type, trade, coal prices, competitive landscape and major active, exploration and development projects.
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Gain an understanding of the Canadian coal mining industry, the relevant drivers and restraining factors, reserves, reserves by region, historic and forecast production and consumption, production by region, consumption by sector and type, trade, coal prices, competitive landscape and major active, exploration and development projects and the country's fiscal regime.
Coal is by far the most abundant fossil fuel available in Canada, with recoverable reserves totaling 6.6 billion tonnes (t) at the end of 2013, which, according to BP Statistical Review of World Energy, accounted for 0.7% of global reserves.
In 2013, 68.3 million tons (Mt) of coal was produced which was higher by 2.7% over 2012 mainly due to an increase in production from the Genesee mine to 5.2Mt in 2013. Over 2014?2020, Canada is expected to produce an average of 83.6Mt of coal annually with several new mines expected to commence production in this period, including the Vista Extension project in Alberta, the Border project in Saskatchewan and the Graham River project in British Columbia.
Investments in coal projects are more cyclical in nature compared to other commodities and in 2014, it is expected to be up by US$0.8 billion post a decline of 38.5% in 2013. However, overall capital investments in the Canadian mining sector are poised to decline for the second consecutive year in 2014 to around US$11.5 billion.
According to Statistics Canada, the mining industry is the country's largest private sector employer. The Canadian mining and quarrying industry in 2012 employed 73,000 people, higher by 10.9% compared with 2011. Growth in employment was stronger in metal mining by 9.1% and coal mining by 4.7% while it was marginally higher (0.9%) in the case of non-metal mining.
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