TORONTO (miningweekly.com) – The output per worker in Ontario’s mining industry is $680 000/y, or is six times the province’s industrial average, and mining in the province has an expanding workforce in which the average weekly wage is about 60% higher than the average for all industry in Ontario, a report published by the Ontario Mining Association (OMA) has found.
The OMA’s mineral sector economic impact study ‘Mining: Dynamic and Dependable for Ontario’s Future’, prepared by University of Toronto (UoT) economists Peter Dungan and Steve Murphy was released on Thursday at the UoT’s Rotman School of Management.
“Mining is an expanding component of the Ontario economy. The world wants Ontario’s mineral products and if the province provides necessary infrastructure support and maintains an atmosphere conducive to investment, it will continue to be pulled ahead by a strong mining industry,” OMA president Chris Hodgson said.
Mining companies in Ontario contribute more than $800-million in taxes a year and personal income taxes paid by mining sector employees reach at least half-a-billion-dollars more each year. Capital investments in new projects are also increasing and so are investments in mineral exploration.
The industry invests about $1 800 per employee a year in training and health and safety, and charitable donations by Ontario mining companies reach $10-million a year, supporting local communities and provincial wellbeing in a broad range of ways.
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