OTTAWA, ONTARIO--(Marketwire - Jan. 21, 2013) - The Honourable Joe Oliver, Canada's Minister of Natural Resources, today issued the following statement to welcome participants to British Columbia for the Vancouver Resource Investment Conference. According to organizers, over 10,000 investors and approximately 500 mining companies from around the world are participating in this year's annual event.
"Our government is committed to developing Canada's natural resources by aggressively working to open new markets around the world," said Minister Oliver. "Creating new markets will help the Canadian mining industry compete in some of the fastest growing economies in the world."
In 2011, the mining and exploration industry employed more than 320,000 people across Canada. The mineral sector directly employed almost 30,000 people in British Columbia in 2010. Mining alone contributed more than $62.5 billion to Canada's nominal GDP in 2011 and more than a fifth of our merchandise exports. In British Columbia, mining revenues reached more than $9.8 billion.
"Our government's efforts to keep taxes low, eliminate red tape and strengthen our economy are contributing to the success of our natural resources in Canada and abroad," said Minister Oliver. "Expanding our markets results in good jobs, economic growth and long-term prosperity for all Canadians."
The royalties and taxes paid by the industry add some $8.5 billion to government revenues every year - money that supports the delivery of everything from health care and education to roads and bridges and clean water. In 2011, the mining industry in British Columbia contributed $805 million to government revenue.
"On behalf of the Government of Canada and all Canadians, I welcome participants of the Vancouver Resource Investment Conference and extend a special welcome to our international visitors," added Minister Oliver.
NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media.