Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, concluded her participation in the annual convention of the Prospectors & Developers Association of Canada (PDAC).
On March 2, 2020, Minister Ng joined Prime Minister Justin Trudeau at a reception hosted by Invest in Canada, where she promoted Canada as an excellent place for businesses from around the world to invest. The Minister also outlined Canada’s leadership role in steering the mining industry toward a sustainable future and how Canada is tackling climate change while creating good jobs for Canadians.
At the reception, the Prime Minister announced that the government intends to propose a new incentive that would make it more affordable for Canadian businesses to use zero-emission vehicles and automotive equipment.
Throughout the PDAC convention, Minister Ng met with representatives of small and medium-sized businesses-including women in mining-recognized as world leaders in innovative and green mining technologies. She touted Canada’s commitment to attract new investment from around the world, which fosters innovation, creates opportunities for Canadian businesses and strengthens the economy.
The Minister also met with ministers from Egypt, Nigeria, South Africa, Zambia and others countries to highlight Canada as an important trading and investment partner and to discuss opportunities to work together in sustainable mining.
“The Prospectors & Developers Association of Canada convention showcased many exciting examples of Canadian businesses that are leading the way in the sustainable development of natural resources and are pioneers in their field. Our government has made it a priority to support these innovative businesses as they thrive and expand internationally and to create opportunities for Canadians today and for future generations.”
– Mary Ng, Minister of Small Business, Export Promotion and International Trade
Established in 1932, the PDAC convention is widely known as the world’s largest and most important international mining industry gathering.
Canada has a well-earned reputation as a global mining leader focused on innovation and good governance, as well as environmental and social responsibility standards.
To strengthen Canada’s commitment to responsible business conduct, the Canadian Ombudsperson for Responsible Enterprise was appointed in April 2019.
Canadian mining and exploration companies are present in more than 100 countries around the world.
Exports of the mining and mineral processing sector reached a value of nearly $147.4 billion in 2019 and accounted for 26% of Canada’s exports.
Canada is a destination of choice for investment due to its strong economy, diverse and rich abundance of mineral resources, low-risk and stable business environment and highly educated and skilled workforce.
In 2017, international investments helped create more than 2 million jobs, which is about 1 in 8 of all Canadian jobs.
In 2019, Canada saw $66.8 billion in foreign direct investment-an increase of 18.6% from 2018, and 42.5% higher than the 10-year average.