OTTAWA, ON, Oct. 31, 2025/ CNW/ – The Mining Association of Canada (MAC) invites today’s statement by the Honourable Tim Hodgson, Minister of Energy and Natural Resources, at the G7 Energy and Environment Ministers’ Fulfilling in Toronto The steps revealed represent a considerable turning point beforehand Canada’s position as a worldwide leader in important minerals advancement, security, and supply chain strength.
Minister Hodgson revealed the preliminary of 25 brand-new tactical jobs, financial investments, and steps under the G7 Crucial Minerals Production Alliance and the G7 Crucial Minerals Action Strategy, jointly opening $ 6.4 billion in Canadian important minerals jobs through public financial investments, offtake arrangements, and collaborations with G7 allies. 6 of these jobs lie in Canada
In addition, the Federal government of Canada has actually provided an Order in Council under the Defence Production Act, formally designating important minerals as necessary to nationwide defence and security. This makes it possible for the facility of a domestic and multilateral stockpiling routine and reinforces Canada’s capability to protect tactical resources important to both Canadian and allied defence markets.
” While Canada’s Crucial Minerals Technique has actually remained in location because 2022, this statement marks the most considerable action in advancing that technique,” stated Pierre Gratton, President and CEO of MAC. “These steps will assist bring Canada’s huge important mineral resources to varied international markets, decrease overreliance on China, and enhance our shared security and success. Canada’s mining sector stands prepared to do its part for our nation and our allies.”
MAC applauds the Federal government of Canada’s management in setting in motion capital and promoting worldwide cooperation through the G7 to promote standards-based markets and accountable mining. The efforts revealed today will assist protect Canada’s function as a relied on, sustainable provider of the minerals and metals necessary to tidy energy, advanced production, and nationwide security.
The mining market is a significant sector of Canada’s economy, contributing $ 117 billion to the nationwide GDP and is accountable for 21 percent of Canada’s overall domestic exports. Canada’s mining sector uses 711,000 individuals straight and indirectly throughout the nation. The market is proportionally the biggest economic sector company of Native individuals in Canada and a significant client of Indigenous-owned services.
About MAC
The Mining Association of Canada is the nationwide company for the Canadian mining market. Its members represent the majority of Canada’s production of base and rare-earth elements, uranium, diamonds, metallurgical coal, mined oil sands and commercial minerals and are actively participated in mineral expedition, mining, smelting, refining and semi-fabrication. Please go to www.mining.ca.
SOURCE Mining Association of Canada (MAC)