Jobs
Jobs Available in Canada’s Mining Sector; Apply Now
Jobs Available in Canada’s Mining Sector; Apply Now
With over 1,400 listed firms operating in the mining sector, Canada, which has a population of 34 million, has a thriving mining industry. The increased demand for raw materials from highly industrialized nations, particularly from Asia, has had a substantial influence on Canada’s mining sector despite the global economic crisis that will last from 2019 to 2021. The nation is currently a global leader in the mining and production of minerals and a significant exporter of uranium and potash fertilizers. Its economy receives more than 40 billion dollars annually from the mining sector.
The top mining businesses in Canada and what they do
These businesses are Canada’s biggest participants in certain markets, regardless of how market capitalization, revenue, or net assets are evaluated. Barrick Gold, one of the most prosperous gold mining corporations in the world, employs more than 20,000 people in 26 mines across eight different nations. Profits were impacted by the purchase of Placer Dome since it raised revenue and had an impact on the rise in metal prices for its primary product lines (such as gold, copper, silver, and zinc).
The Saskatchewan Potash Corporation, the biggest producer of fertilizer in the world, is the key economic driver in Canada. After the Canadian government blocked BHP Billiton’s aggressive acquisition attempt last year, this information gained attention. Leading oil sand exploration and production business is Suncor Energy Inc. His bottom line is significantly impacted by rising energy costs. The business to keep an eye on is Teck Cominco, often described to as the “ideal partner” for beginning miners. The corporation is engaged in the majority of mining activities, including the production of basic metals, coal, and gold, and is presently expanding into oil sands.
Pay and talent
In Canada as well as other countries, there is a severe lack of experienced middle managers in the 30–50 age range as a result of the retirement of “baby boomers,” or those born between 1946 and 1964. According to the Mining Human Resources Commission (MIHRC), the sector will need an extra 100,000 workers to sustain current output levels. Despite efforts to support immigrants, there remains a growing skill gap.
Mining businesses should prioritize staff retention as a key strategy. Human resource strategies should be flexible enough to enable professionals to relocate across continents, to take into account specialized solutions for critical personnel, and to explore creative solutions for rotations that accommodate family life. Its agenda should be centered on incentive strategies connected to design.
In 2011, CEOs continued to enjoy a wave of greater compensation and cash incentives, according to Coopers Consulting-wage PwC’s study report for the mining sector. According to their figures, 56% of persons earn an annual income of more than $1 million dollars. According to the PricewaterhouseCoopers research, mining engineers who have just graduated and have one to two years of experience may expect to earn about $75,000 per year in compensation. Young professionals in the mining industry might therefore get off to a good start in Canada.
The demand for commodities will be impacted by the unstable global economy, and the future is uncertain. Having said that, the mining sector in Canada seems to be in good shape right now.
