A new economic impact survey commissioned by the Canadian Association of Mining Equipment and Services for Export (CAMESE) estimates that the Ontario mining supply and service sector (MSS) had a direct impact of $3.9 billion on the province’s GDP in 2011.
The study, carried out by PricewaterhouseCoopers, also estimated an indirect impact of $6.2 billion – equal to approximately one per cent of Ontario’s GDP.
With 41,000 direct and 27,000 indirect jobs, the MSS sector is estimated to have contributed 68,000 jobs in Ontario in 2011. These jobs are estimated to have generated nearly $4.6 billion in salaries and wages and nearly $1.5 billion in government tax revenues.
“Finally we have proof of the important economic contribution of Ontario’s mining suppliers, supporting not only the province’s mines, but servicing mining activity worldwide,” said Jon Baird, outgoing managing director of CAMESE.
The study was based on the activities of 913 companies, one third of which have their head offices in Northern Ontario.
“The public may think of mining supply as companies that produce machinery or drilling services”, says Ryan McEachern, incoming managing director of CAMESE, “but they are less aware of the tremendous number of mining-specific jobs in banks, legal and accounting firms, business consultants, engineering firms and many other professions.”