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)
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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