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Bureau of Mines / Minerals yearbook area reports: international 1972
Year 1972, Volume 3 (1972)

Rathjen, John A.
Canada,   pp. 187-207 ff. PDF (2.6 MB)

Page 187

  187The Mineral Industry of Canada 
By John A. Ratbjen1 
 In 1972, the value of Canada's mineral production reached a record level
of $6.4 billion,2 an increase of approximately $418 million or 7% over that
-for 1971. This gain represents the 14th consecutive annual increase in Canadian
mineral production. The value of minerals produced has grown at a rate of
almost 9% over the last 20-year period. In 1972, the value of mineral fuels
produced, showed strong -gains offsetting lower advances in the other categories.
Preliminary statistics indicate that the value of the metallic mineral sector
amounted to approximately $3.0 (billion, a gain of 2% over that of 1971.
The nonmetallic group was valued at $530 million, a gain of 6%, -while output
of structural materials added $532 million for a gain of 4% over 1971 values.
In the mineral fuels sector, the anhual value of production amounted to $2.3
billion, a gain of 13% over that of 1971. These four sectors accounted for
47%, 8%, 8%, and 37%, respectively, of the total mineral production value
in -Canada. 
 In terms of gross national product (GNP), Canadian mineral production provided
about 6.2% of the estimated $10.2 billion total. This compares to a mineral
contribution of 6.4% in 1971. Based on an estimated population of 21.8 million,
the per capita value of mineral production increased $15.83 to a new record
of $291.31, one of the highest in the world. 
 In the -first 9 months of 1972, compared with the corresponding time period
for 1971, actual exports of mineral commodities in *both crude and fabricated
form increased almost 6% to about $3,920.5 million at the end of September.
The increase in value of exports was attributable almost entirely to the
-fuels sector, where substantial gains were registered in both crude and
refined areas. The combined value of fuel exports came to $1.2 billion, constituting
a weighted average increase of 33.2% 
over - the corresponding period in 1971. Nonmetallic exports registered a
gain of $437.3 million, or about 5.6% over 1971 figures. Exports of both
ferrous and nonferrous minerals and metals declined during the period. Crude
and fabricated shipments of nonferrous material decreased a nominal 1.2%.
However, export of ferrous products declined over 12%. This decline was reflected
mainly -in the shipment of iron ore, which was interrupted by strikes in
Labrador and Quebec. It is expected that mineral exports for the balance
of 1972 will continue at a rate equal to the first 9 months, and that the
total value of shipments will exceed $5.5 billion. 
 The Canadian index of real domestic product, a measure of overall production
in Canada as opposed to the GNP which reflects the income of Canadians, was
up about 3% in 1972. Overall growth was much slower than that of preceding
years. The 1972 mineral index reached 175.5 compared with 169.6 in 1971,
or an increase of about 3% (1961 base= 100). Manufacturing and utilities
were up strongly in 1972 indicating a growth in the domestic economy. Other
categories were up modestly with the exception of agriculture, fishing and
trapping, and forestry 
-which registered declines on the index. 
 Canada -reported the production of 62 mineral commodities in 1972. Of these,
10 minerals represented 84% of the total production value or approximately
$5,312 million. In 1972 the minerals ranked as follows in terms of value
with respect to the total: Petroleum $1,542 million (24%); nickel $806 million
(13%); copper $694 million (11%); iron ore $561 million 
 2 Minerals specialist, Division of Nonferrous Metals—Mineral Supply.
 2Because of fluctuating exchange rates, a meaningful conversion to US. currency
is inspractical. At yearend 1972, however, the exchange rate was Can$0.9956=US$1.00,
which ratio has been used to convert to US. currency. 

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