Industry Analysis & Industry Trends
Coal mining is a pillar of the Canadian economy, as the industry not only adds significantly to the national GDP, but it also drives the economic wellbeing of many regions and communities. As the domestic economy recovers from recession, demand for electricity has driven the country's appetite for coal-fuelled utilities. However, the growing preference for renewable and clean sources of energy threatens the industry. In the five years to 2021, the Coal Mining industry's performance is forecast to struggle due to the projected economic slowdown in BRIC countries. Although demand for steel and, therefore, metallurgical coal, from these countries is expected to remain high, this rate is unlikely to rival prerecessionary levels... purchase to read more
Industry Report - Industry Locations Chapter
The Coal Mining industry's establishments are distributed largely in line with the regions' coal reserves. There is a large difference between where establishments are located and each location's share of production, because coal resources and output vary drastically from mine to mine.
Canada holds abundant reserves of coal throughout its territories. According to Natural Resources Canada, significant coal formations have been identified in Yukon, Newfoundland and Labrador, the Northwest Territories and Nunavut, but these territories are not currently being exploited. Meanwhile, significant quantities of metallurgical and thermal coal are currently produced in Alberta, British Columbia, Saskatchewan and Nova Scotia... purchase to read more