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
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
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
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)
