PUBLICATION

Global Business Reports

AUTHORS

Elisa L. Iannacone, Margarita Todorova

Mining in Ontario and Toronto's Global Reach 2022 Pre-Release

November 22, 2021

With mining sitting at the core of the planet’s future, there has never been a more important time for a focus on the sector and to put the industry’s best face forward by highlighting the positive impact it has on all businesses across the globe. With a necessary and renewed focus on ESG, the whole mining value chain, from investors to service providers, is re-thinking the way the sector conducts its business and operations. With eyes set on electrification and green energy, this report – a pre-release edition of Global Business Reports’ annual Mining in Ontario and Toronto’s Global Reach publication – will provide insights regarding challenges and opportunities as we move into a transition economy. Technology and innovation continue to develop, while the sector finds creative ways to access capital pools, and makes up for pandemic delays. Ontario remains a global leader, spearheading with industry protocols and processes paving the way for a sustainable mining sector.

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RECENT PUBLICATIONS

MACIG 2025 - Mining in Africa Country Investment Guide

It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.

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MACIG

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