Mining

Strike gold by starting your
Mining business in Ontario

Mining

Strike gold by starting your Mining business in Ontario

Global Mining Industry

Heralding a new era of critical mineral prioritization
Mined materials are the building blocks of our everyday life. From energy to electricity, farming to houseware, healthcare to transportation, the Mining industry is a central pillar of the global economy and modern civilization.
From 2022 to 2023, the global Mining industry grew by 6.1% CAGR – from US $2022.6 billion to US $2145.15 billion and is expected to reach US $2775.5 billion by 2027.
However, there is a change in the making - it’s now the era of critical minerals. Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are taking over from their fossil fuel counterparts because of their pivotal role in a cleaner and greener future. The demand for these critical minerals is projected to increase sixfold according to the International Energy Agency (IEA).
In addition to critical minerals taking centre-stage, and governments racing to secure access to them, other trends that mark the growth of the industry include, Mining companies focussing on ESG to reduce their carbon footprint, the need for social licence from communities, partners, and stakeholders, and faster adoption of technology in Mining corporations to ensure efficiency and lower costs of production.

Canadian Mining Industry

A leader in the global Mining industry
Canada is a global Mining leader. It is a key supplier to North America, Asia, and Europe. Globally, Canada ranks #1 in potash production, second in niobium, and third in palladium. It is also the fourth-largest primary producer of aluminium.
Canada produces more than 60 different minerals and metals from nearly 200 mines and over 6,500 stone, sand, and gravel quarries. The value of Canada’s metals production stands at CA $36 billion, non-metals at CA $12 billion, and coal at CA $8 billion.
Every province and territory in Canada has mineral production. The top three provinces by value or mineral production are British Columbia (CA $12.9 billion), Quebec (CA $11.9 billion), and Ontario (CA $11.1 billion).
For years, the country's financial capital, Toronto, has served as the epicentre of Mining finance, boasting investment banks, Mining brokerages, and the Toronto Stock Exchange at its core. Mining equipment and technology production is therefore a naturally large market force, all things considered.

Canada is one of the Top 5 global producers of:

  • Diamonds
  • Gemstones
  • Gold
  • Indium
  • Niobium
  • Platinum group metals
  • Titanium concentrate
  • Uranium

Canadian
Mining Industry

A leader in the global Mining industry
Canada is a global Mining leader. It is a key supplier to North America, Asia, and Europe. Globally, Canada ranks #1 in potash production, second in niobium, and third in palladium. It is also the fourth-largest primary producer of aluminium.
Canada produces more than 60 different minerals and metals from nearly 200 mines and over 6,500 stone, sand, and gravel quarries. The value of Canada’s metals production stands at CA $36 billion, non-metals at CA $12 billion, and coal at CA $8 billion.
Every province and territory in Canada has mineral production. The top three provinces by value or mineral production are British Columbia (CA $12.9 billion), Quebec (CA $11.9 billion), and Ontario (CA $11.1 billion).
For years, the country's financial capital, Toronto, has served as the epicentre of Mining finance, boasting investment banks, Mining brokerages, and the Toronto Stock Exchange at its core. Mining equipment and technology production is therefore a naturally large market force, all things considered.

Canada is one of the Top 5 global producers of:

  • Diamonds
  • Gemstones
  • Gold
  • Indium
  • Niobium
  • Platinum group metals
  • Titanium concentrate
  • Uranium

Why Choose Ontario
For Mining

A leader in the global Mining industry
Ontario has a thriving minerals sector that contributes CA $11.1 billion to the economy. The diverse geology, competitive business ecosystem, ample talent, and history of innovation make it the global leader in Mining and exploration. 
Ontario is the largest producer of gold, platinum elements, and nickel in Canada, and the second largest producer of copper. The province is also is one of the top 10 jurisdictions in the world for mineral exploration spending, has 36 active Mining operations and supports 75,000 jobs.
It plays host to the city of Toronto, the ideal place for Mining Finance thanks to its abundance of banks, brokerages and stock exchanges.

As the world advances towards a net zero economy, the demand for critical minerals is growing. Ontario's critical minerals profile is also extremely impressive:

  • cobalt
  • copper
  • indium
  • nickel
  • platinum group elements
  • selenium
  • tellurium
  • zinc
Mining is a widespread industry across the entire province of Ontario. Many communities like Windsor, Goderich, Perth, Midland, Sudbury, Timmins, Red Lake, Kirkland Lake, Marathon, North Bay, and Attawapiskat, have Mining as a very significant part of their economies. In certain regions, particularly in the far North, the development of mineral resources is essential for generating employment and fostering entrepreneurial opportunities.
  • Windsor is home to Windsor Salt, Canada’s largest salt manufacturer.
  • Greater Sudbury boasts the world’s largest integrated Mining complex, strategically situated on a renowned geological formation known for its abundant deposits of nickel-copper sulphides. The complex comprises nine active mines, two mills, two smelters, and a nickel refinery. Additionally, it has over 300 mining supply firms, providing jobs to over 12,000 people and contributing to around CA $4 billion in annual exports.
  • North Bay hosts prominent global leaders in the Mining exploration and Mining supply and services sector. The city is a base for over 60 such businesses, including an expanding list of multinational headquarters. Firms here are leaders offering expertise in Mining development, equipment fabrication, rubber and chemical products for Mining, wholesale supplies, and business services such as engineering and geo-technical support.
Canada’s trade agreements cover markets valued at over US $50 trillion with 1.7 billion consumers. Canada has free trade agreements with the largest manufacturing markets in the world: the United States (USMCA), the European Union (CETA) and Asia-Pacific (CPTPP).
Your business can have access to 187 million consumers within a day’s drive of the Greater Toronto Area. Ontario has 4 international and 300 regional airports, 250,000 km of roads and highways, a dozen border crossings and the 6th most internationally connected airport in the world.

Ontario’s Mining Industry Facts

1st

largest Mining
sector in Canada

#1

leader in global Mining finance goes to Toronto

$989M

in mineral exploration investments in 2022

36

active mining
projects running

5

significant diamond mines

$11.1B

in mineral
production value

Ontario’s Mining Industry Facts

1st

largest EdTech sector in Canada

75+

established and recent startups

$50M

investment in virtual learning and EdTech

100%

of secondary schools use technology in classes

69.5%

of schools fundraise for technology

5000+

schools, colleges and universities

Mining Funding, Resources and Organizations

Using the Business Benefit Finder, you can find many more government grants and incentives relevant to your tech startup.

CanmetMINING conducts leading-edge research in Mining. They work in partnership with industry, academic researchers, and other government laboratories.

Critical Minerals Centre of Excellence (CMCE) at Natural Resources Canada (NRC) leads the development and coordination of Canada’s policies and programs on critical minerals.

Environment and Climate Change Canada is responsible for environmental policies and programs, including environment conservation and protection.

Innovation, Science and Economic Development Canada (ISED) collaborates with Canadians across various economic sectors and regions to enhance investment conditions, boost innovation, and expand Canada’s global trade share.

Ontario Mining Association represents the Mining industry of the province. They work with the government and communities of interest to build consensus on issues that matter to Mining.

Ministry of Natural Resources and Forestry

leads the management of Ontario’s Crown lands, water, oil, gas, salt and aggregates resources, including making Crown land available for renewable energy projects. Visit Site

is dedicated to enhancing Canada’s abundant natural resources sustainably and competitively; they oversee energy efficiency initiatives, minerals and mining efforts, forestry sustainability measures, diversified energy sources (oil, gas, renewables), and more. Visit Site

Mining Companies in Ontario

logo of mining company agnico eagle
Agnico Eagle Mines
Detour Lake Mine, Unorganized North Cochrane District, ON P0L 1W0, Canada
alamos-gold-inc-logo
Alamos Gold Inc.
Island Gold Mine, 15 Goudreau Rd, Dubreuilville, ON P0S 1B0, Canada
logo of mining company argonaut gold
Argonaut Gold Inc.
Algoma, Unorganized, North Part, ON P0M 2H0, Canada
logo of mining company avalon advanced materials
Avalon Advanced Materials
130 Adelaide St W, Toronto, ON M5H 3P5, Canada
century-global-commodities-logo
Century Global Commodities
200 University Ave #1401, Toronto, ON M5H 3C6, Canada
compass-minerals-logo
Compass Minerals
300 North Harbour Rd W, Goderich, ON N7A 3Y9, Canada
logo of mining company dumas mining
Dumas Mining
865 Mountjoy St S, Timmins, ON P4N 7W7, Canada
evolution-mining-logo
Evolution Mining
Red Lake Mines, Detta Rd, Balmertown, ON P0V 1C0, Canada
logo of mining company glencore
Glencore
64 Fraser Mine Rd, Levack, ON P0M 2C0, Canada
goliath-resources-logo
Goliath Resources
82 Richmond St E, Toronto, ON M5C 1P1, Canada
logo of mining company gowest gold
Gowest Gold
11 Rea St N #204, Timmins, ON P4N 4Z5, Canada
logo of mining company iamgold
IAMGOLD
500 Sultan Industrial Rd, Gogama, ON P0M 1W0, Canada
logo of mining company impala canada
Impala Canada
Lac des Iles Mine, Thunder Bay, ON P7B 6T9, Canada
logo of mining company kghm
KGHM
191 Creditview Rd Suite 100, Woodbridge, ON L4L 9T1, Canada
mcewen-ontario-logo
McEwen Ontario Inc.
Black Fox Mine, 2839 ON-101, Matheson, ON P0K 1N0, Canada
new-gold-logo
New Gold
Rainy River Mine, 1361 Roen Rd, Stratton, ON P0W 1N0, Canada
newmont-corporation-logo
Newmont Corporation
979 Alloy Dr, Thunder Bay, ON P7B 5Z8, Canada
northern-graphite-logo
Northern Graphite
1000 Innovation Dr, Kanata, ON K2K 3E7, Canada
redpath-mining-logo
Redpath Mining
101 Worthington St E, North Bay, ON P1B 1G5, Canada
rock-tech-logo
Rock-Tech
160 Magill St, Lively, ON P3Y 1K7, Canada
wesdome-logo
Wesdome Gold Mines
421 Bay St Unit 505, Sault Ste. Marie, ON P6A 1X3, Canada
wyloo-logo
Wyloo
1127 Premier Way unit 1, Thunder Bay, ON P7B 0A3, Canada
Show Companies
logo of mining company agnico eagle
Agnico Eagle Mines
Detour Lake Mine, Unorganized North Cochrane District, ON P0L 1W0, Canada
alamos-gold-inc-logo
Alamos Gold Inc.
Island Gold Mine, 15 Goudreau Rd, Dubreuilville, ON P0S 1B0, Canada
logo of mining company argonaut gold
Argonaut Gold Inc.
Algoma, Unorganized, North Part, ON P0M 2H0, Canada
logo of mining company avalon advanced materials
Avalon Advanced Materials
130 Adelaide St W, Toronto, ON M5H 3P5, Canada
century-global-commodities-logo
Century Global Commodities
200 University Ave #1401, Toronto, ON M5H 3C6, Canada
compass-minerals-logo
Compass Minerals
300 North Harbour Rd W, Goderich, ON N7A 3Y9, Canada
logo of mining company dumas mining
Dumas Mining
865 Mountjoy St S, Timmins, ON P4N 7W7, Canada
evolution-mining-logo
Evolution Mining
Red Lake Mines, Detta Rd, Balmertown, ON P0V 1C0, Canada
logo of mining company glencore
Glencore
64 Fraser Mine Rd, Levack, ON P0M 2C0, Canada
goliath-resources-logo
Goliath Resources
82 Richmond St E, Toronto, ON M5C 1P1, Canada
logo of mining company gowest gold
Gowest Gold
11 Rea St N #204, Timmins, ON P4N 4Z5, Canada
logo of mining company iamgold
IAMGOLD
500 Sultan Industrial Rd, Gogama, ON P0M 1W0, Canada
logo of mining company impala canada
Impala Canada
Lac des Iles Mine, Thunder Bay, ON P7B 6T9, Canada
logo of mining company kghm
KGHM
191 Creditview Rd Suite 100, Woodbridge, ON L4L 9T1, Canada
mcewen-ontario-logo
McEwen Ontario Inc.
Black Fox Mine, 2839 ON-101, Matheson, ON P0K 1N0, Canada
new-gold-logo
New Gold
Rainy River Mine, 1361 Roen Rd, Stratton, ON P0W 1N0, Canada
newmont-corporation-logo
Newmont Corporation
979 Alloy Dr, Thunder Bay, ON P7B 5Z8, Canada
northern-graphite-logo
Northern Graphite
1000 Innovation Dr, Kanata, ON K2K 3E7, Canada
redpath-mining-logo
Redpath Mining
101 Worthington St E, North Bay, ON P1B 1G5, Canada
rock-tech-logo
Rock-Tech
160 Magill St, Lively, ON P3Y 1K7, Canada
wesdome-logo
Wesdome Gold Mines
421 Bay St Unit 505, Sault Ste. Marie, ON P6A 1X3, Canada
wyloo-logo
Wyloo
1127 Premier Way unit 1, Thunder Bay, ON P7B 0A3, Canada
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