Canada's Mines to Get $130B in Investments
Source: Mining Weekly, Matthew Hill (8/25/11)
"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
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