Canada's Mines to Get $130B in Investments

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"Companies will invest some $130B in Canadian mines over the next five years, as burgeoning commodity demand creates opportunities 'not seen since the post-war boom of the 1950s.'"

Mining Weekly, Matthew Hill

Companies will invest some $130B in Canadian mines over the next five years, as burgeoning commodity demand creates opportunities "not seen since the post-war boom of the 1950s," an industry lobby group said on Thursday.

"Multi-billion dollar investments are planned in virtually every province and territory of Canada. As a global mining superpower, Canada is well positioned to capitalize on this opportunity," Mining Association of Canada (MAC) CEO Pierre Gratton said in a speech to the Sudbury Chamber of Commerce.

The forecast investment is higher than the $116-million figure the MAC predicted earlier this month. . .View full article

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