Vancouver, Toronto, Perth, Sydney, and London are the top five mining-friendly places in the world
Vancouver has been hailed as a mining capital of the world. What makes this place attractive to companies around the world?
According to Mining.com, Vancouver is the undisputed mining capital in the world because of the total miners and juniors that can be found in the city. Only the ones which are considered legit because they are publicly-traded and active until November this year. The list did not mention suppliers, consultancies or private companies.
Also in the list are Toronto (300), Perth (263), Sydney (96), London (92), Calgary (56), Melbourne (37), Montreal (30) and Johannesburg (14). Some cities in the U.S. such as New York, Denver, and Salt Lake City missed the list because the number of miners and juniors in their areas are below 9.
Canada has already been a powerhouse in the mining industry as early as 2014. Per Mainland Machinery, almost 80% of the world’s biggest mining companies were quartered in Canada. Moreover, more than 1,300 firms in Canada have operations in Asia and Africa.
During that time, about 1,200 exploration companies were based in Vancouver while Toronto became the world’s leading spot for mining financing. The TSX and TSX Venture were responsible for 40% of global mining equity capital three years ago.
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