SOURCE: Industrial Info Resources

Industrial Info Resources

July 07, 2010 05:10 ET

Active Mining Projects in the U.S. and Canada Reach $186 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - July 7, 2010) -  Industrial Info Resources (Sugar Land, Texas) is currently tracking more than 560 active mining projects totaling $186 billion in the U.S. and Canada, as part of its North America Industrial Project Database. This represents about 30% of the value of the global mining industry. Projects include all projects that the owner is actively working on, from early planning and feasibility studies to those that are under construction. It doesn't take into consideration projects on hold or cancelled. With the global economic situation improving and resource demand from Pacific Rim countries on the rise, opportunities for equipment and service providers to the mining industry are showing much promise, especially for those with expertise in engineering, construction, material-handling and mining equipment.

Analyzing mining projects in Canada and the U.S. by market region reveals that Western Canada, which includes the provinces of Alberta, British Columbia, Manitoba, the Northwest Territories, Nunavut, Saskatchewan and the Yukon Territory, has by far the largest amount of mining projects, with 170 projects totaling more than $117 billion. About 40% of this consists of oil sands mining projects in Alberta. The remainder of the projects in Western Canada are predominately coal, potash, gold, copper and molybdenum projects.

After Western Canada, the Rocky Mountain region is the second-largest market region for mining projects, with 145 projects totaling $20 billion. Rounding out the top five market regions in the U.S. and Canada for mining project activity are the West Coast, with 162 projects totaling $11 billion; Quebec, with 39 projects totaling $10.5 billion; and Ontario, with 40 projects totaling $7 billion.

In Canada and the U.S., there are more than 890 operational mines employing more than 146,000 people. The highest concentration of mines is found in the Great Lakes, Mid-Atlantic and Rocky Mountain regions. In addition to the operational mines, mining companies are developing more than 350 grassroot mines in the U.S. and Canada, making the countries prime destinations for equipment and service providers trying to do business in the mining industry. This includes 132 underground mines. The remaining 218 are above ground.

Industrial Info has detailed these mines in the newly released Canada & U.S. Mining Industry - 2nd Edition Wall Map, which is currently available for purchase online by clicking this link.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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