Canada Iron Ore Mining Industry 2015 Key Trends, Demand, Growth and Analysis to 2020
Deerfield Beach, FL -- (SBWIRE) -- 12/07/2015 -- Synopsis
The Iron Ore Mining in Canada to 2020 report comprehensively covers the country's historic and forecast data on iron ore production, reserves, consumption and trade to 2020. The trade section provides information on export volumes to destination countries. The report includes drivers and restraints affecting the industry, profiles of major iron ore 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 across the Canadian mining value chain, and for new competitors considering entering the industry.
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The country ranked eighth in the world in terms of crude iron ore reserves with 6.3 billion tonnes as of January 2015. The majority of iron ore deposits are located in Newfoundland and Labrador, followed by Quebec and British Colombia. The Labrador Trough in western Labrador and north-east Quebec contains higher grade quality iron ore deposits. Canadian iron ore production was 42.7 million tonnes (Mt) in 2014 and it is projected to increase over the forecast period 2015–2020 following the expansion of mines and upcoming projects. In contrast to production, domestic iron ore consumption was an estimated 11.3Mt in 2014 and exports were 40.3Mt.
The report contains an overview of the Canadian iron ore mining industry together with the key growth factors and restraints affecting the industry. Further, it provides information about reserves, reserves by type and location, historic production and production forecast, iron ore prices, domestic consumption, exports, export by country, demand drivers, competitive landscape and major active, exploration and development projects.
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Gain an understanding of the Canadian iron ore mining industry, the relevant drivers and restraining factors, reserves, reserves by type and province, historic and forecast production, iron ore prices, consumption and trade, demand drivers, competitive landscape and major active, exploration and development projects and the country's fiscal regime.
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- The country ranked eighth in the world in terms of crude iron ore reserves with 6.3 billion tonnes as of January 2015. The majority of iron ore deposits are located in Newfoundland and Labrador, followed by Quebec and British Colombia. The Labrador Trough in western Labrador and north-east Quebec contains higher grade quality iron ore deposits.
- Iron ore deposits in the trough contain high iron content (15%–65%) and very low phosphorous and alumina levels.
- Canada has significant upcoming iron ore projects in the pipeline in Quebec, Ontario, Newfoundland and Labrador and Nunavut. Projects that are expected to start during 2017–2019, include the Duncan Lake project in 2017; the KeMag project, with a reserve volume of 1,891Mt in 2018 and the Lac Otelnuk project in 2019.
- According to the Canadian Mining Association, mining's contribution to GDP has been in the range of 2.7–4.5% during the past 20 years, and remained in this range, at 3.5% in 2013. In 2013, the mining industry directly employed 401,315 people.
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