Mining Industry NL

Sign up for our newsletter to stay up to date

pie
Production

  • The Newfoundland and Labrador mining industry is responsible for 50% of iron ore and 20% of nickel production in Canada.

 

  • The mining industry is responsible for more than 30% of the total exports of Newfoundland and Labrador

 

  • Major projects are on the horizon that will further boost this sector’s economic contribution to the province

 

  • In 2022, the gross value of mineral shipments in NL was estimated to have been 5.2 billion dollars

pie
Employment

  • Mining in Newfoundland and Labrador is responsible for 8000+ jobs within the province annually

 

  • Mining companies engage local talent to supply services and products essential to their operations

 

  • Mining is the second largest industry for First Nations and Inuit employment in Canada

 

  • Newfoundland and Labrador has the highest proportion of Indigenous workers in Canada’s mining industry, at 18-22%

 

  • The median weekly wage of an employee in the mining sector is $2100

pie
Jurisdiction

  • Newfoundland and Labrador is the 5th largest mining jurisdiction in Canada

 

  • Newfoundland and Labrador is ranked as a top-tier jurisdiction globally for investment attractiveness

 

  • Relative to other provinces, Newfoundland and Labrador is underexplored

 

  • Newfoundland and Labrador is a world-class mining jurisdiction with a history of exploration, development and production dating back to the late 17th century

pie
Activity

  • There are 111 active junior explorers in the province of Newfoundland and Labrador

 

  • $242,961,956 was spent on exploration in Newfoundland and Labrador in 2022, up from $169,256,418 in 2021 and $74,250,151 in 2020

 

  • 28,225 claims were staked in 2022, with a total of 200,888 claims in good standing (August, 2023)