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The Canadian Coal Industry

The Canadian Coal Industry. Creating Economic and Social Prosperity For All Canadians October 31, 2012. Coal Association of Canada(CAC). • 80+ members • Represents full spectrum of the Canadian coal industry: -mining companies (exploration, development, production)

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The Canadian Coal Industry

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  1. The Canadian Coal Industry Creating Economic and Social Prosperity For All Canadians October 31, 2012

  2. Coal Association of Canada(CAC) • 80+ members • Represents full spectrum of the Canadian coal industry: -mining companies (exploration, development, production) -transportation (rail, terminal and port) -suppliers of goods and services -industrial consumers -municipalities • This diversity gives CAC unique perspective on coal issues

  3. CAC Mandate • To support members in ensuring coal is developed in a manner that is safe, and socially and economically responsible • To help Canadians to understand and recognize the value and importance of coal • To provide an effective industry voice on coal issues • To be the primary trusted source for relevant coal industry information

  4. PwC Economic Report on Coal Purpose: • To quantify the economic contributions of the coal industry to the Canadian economy • Studied the impacts of coal mining onGDP, employment, wages, salaries,government tax revenues, etc. • Analysis based on a survey of coal miningcompanies and data from Statistics Canada and Natural Resources Canada

  5. PwC Report – Industry Overview (2011) • 9 billion tonnes (Bt) of proven coal resources • additional 93 Bt estimated • 23 producing mines in Canada • 13 thermal coal and 10 metallurgical coal • BC (10 mines); AB (9 mines), SASK (3 mines); NS (1 mine) • BC largest producer of met coal; AB/SASK thermal coal • 9 additional mines at various regulatory approval stages • Annually, well over 60 Mt of metallurgical and thermal coal produced in Canada • 67 Mt in 2011 • 38 Mt (57%) thermal coal • 29 Mt ( 43%) metallurgical or steel-making coal

  6. PwC Report – Industry Overview (2011) • Total sales = $8.0 billion • historical record; 14.6% annual growth over ten years • Over $1.0 billion in capital investments • Increased at annual average rate of 19% since 2001 • Almost all mined thermal coal used in Canada for power generation • Almost all Met. coal exported to Asia

  7. PwC Report - Economic Analysis (2011) • 42,000+ people directly and indirectly employed • Average salaries more than double average national wage and also amongst the highest in the mining sector • Rural employment where alternative jobs limited • $5.2 billion contribution to Canada’s GDP • Revenues to Govts: • Tax revenues from industry estimated at almost $700 million • Additional $344 million paid in royalties

  8. PwC Report - Economic Analysis (2011) • Industry contributions fund public programs such as schools, hospitals, roads and other social programs. • Also provides benefits at local community level: • mining procurement stimulates local economy • support for community events, sport teams and community initiatives

  9. What Does This Mean? • The coal industry delivers significant economic and social benefits to Canada, particularly the provinces where it operates • Vast coal reserves = economic opportunity • Coal is part of our past, yes, but it is also a very important part of our future

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