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We are calling it. Vancouver is the mining capital of the world with over 800 miners and juniors headquartered in the city.
Counted are companies that are publicly-traded and active as of November 2017. Data is based on Mining Intelligence‘s tracking of several thousand mining and junior companies worldwide. List does not include suppliers, consultancies or private companies.
No surprise that Toronto is second and Perth is third.
Left off the list is several US cities like New York, Denver and Salt Lake City that had mining headquarters numbering in the single digits.
Is there a city we didn’t consider? Is there a better measure to choose the world’s mining capital? Let us know in the comments, and we will update.
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Creative commons image of Vancouver sunrise by tdlucas5000.
20 Comments
Korkes m
I believe it’s Toronto with the number of mining companies and mining financiers, TSX. Vancouver is the city of Zombie juniors
Jim Wei Min
What about market capitalisation? Vancouver has 800 zombie juniors and Perth has few majors :BHP= 400 JUNIORS Rio= 400 Juniors and many other mid tiers.
PRINCE A D GAISIE
It is markets capitalisation that determines that size and not the number as the different size and state of a company and they started receiving revenues and cash flow in abundance. So more information is needed to do proper classification.
Augusto Oliveira
I have missed Brazilian cities on this list. E.g. Vale’s HQ is located in Rio de Janeiro City. Moreover, the region which surrounds Belo Horizonte (Minas Gerais) is place of at least 10 iron ore miners’ HQs. Regards!
Steve
This says a lot about the state of the mining industry. Con men and scams dominate. Further, the Great Purge has not happened. I always hope that during these down cycles, the market-mining scam juniors move out of the industry. All of these companies and people give mining and exploration a bad name and make it near impossible to raise capital.
Jimbo
Con men and scams?
Not for a decade. Hopefully these downturns will purge us of moron commentary like yours.
Robert_S_Stewart
This argument is pure rubbish. Vancouver is the city of the Murray Pezim’s, loud and clear, It is a junior venture exchange, not the main global body of mining comapnies by valuation. Even Vancouver’s biggest Head Office miner is listed only in Toronto. Get your facts straight before you publish such rubbish. I wrote the CI 43-101 for a reason – to avoid the scams, penny thinkers and thieves that mine the innocent in mining stocks. Vancouver is the world capital of that trade, and more much more.
Jimbo
Yo Bob. Read a newspaper recently? Hasn’t happened for over a decade.
Btw Murray Pezim financed some major discoveries. Get your facts straight.
che erasmus
The author is bating you all
Andy
Yeah, right, but all of us based here in Vancouver have to fly to Toronto to raise money. Tells you something…
Mike Summers
Vancouver may the worlds “exploration capital” but it is not the “mining capital”
http://mining.ca/sites/default/files/documents/Facts-and-Figures-2016.pdf
“Vancouver is the global centre of expertise for mineral exploration. Some 700 exploration companies are located in British Columbia, most of which are in the greater Vancouver area. ”
“Toronto, for example, is the global hub for mining finance. The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSX-V) were home to 57% of the world’s publicly listed mining companies in 2013, and accounted for 62% of the global mining equity raised in 2014. Vancouver features the world’s leading cluster of exploration companies,”
Paul
How wrong. And what a wrong metric to use – the number of companies (each with their own waste of money “qualifying transaction”.
SeatrendStrategy
Good thing Blockchain and pot stocks aren’t attracting risk capital these days… 😉
Dylan E McFarlane
Yes, I think London needs a bit more consideration here (finance, LME, admin), but of course mining.com would be biased! https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/energy-resources/deloitte-uk-london-mining-finance-viewpoint.pdf https://www.mayerbrown.com/files/uploads/Documents/PDFs/2016/January/Icoles_London_The_Principal_Global_Mining_Finance_Centre.pdf
Jay Currie
If you are talking about exploration and early stage producers Vancouver is a huge part of the conversation. Just as Toronto was from the 1920’s to the 1970’s with respect to Timmins and the Abitibi. The absolute number of companies is a pretty silly metric though. Rather it is the concentration of geos, finance guys, communications specialists and various service providers combined with significant numbers of retail investors. Yes, you do have to go back East for financing in many cases. And that is the result of that 50 year period where Toronto was Canada’s mining hub. And, realistically, as the Precious Metals Summits in Beaver Creek, Denver, New Orleans, Zurich and San Francisco illustrate, exploration and production capital is being raised on a worldwide scale.
Of the 800 or so companies in Vancouver, there are, perhaps, 200 which are active with good ground, money in the treasury and solid management. Over time new companies join that group and older companies are bought by senior mining companies. And yes there are scams; but far fewer than there were twenty years ago. The post Bre-X reporting requirements have made resource reporting more transparent and the disclosure rules have made the Venture an ugly place to run the traditional “pump and dump”.
Joel Hill
Sudbury Ontario?
Muhammad Jamil
every where there is crook and every corner more crooks. we @ southern philippines had found one such crook. it has left indonesia and the philippines, very recently.
Michael Wilcox
Toronto was big when it had Falconbridge, Noranda, Inco and Echo Bay, but they were all acquired by foreign majors (Glencore, CVRD-Vale and Newmont) more than 10 years ago. Now the only top 40 HQ offices in Toronto are Barrick Gold and Agnico Eagle, if you ignore the royalty companies. I agree that number of listed companies is not the best parameter for judging the importance of a city in the mining industry, but when you have 800+ listed companies in a town like Vancouver, and then consider all the accountants, lawyers, geologists, contractors, vendors, HR and IR people that go along with that, the industry has a huge footprint here. And we have three top 40 majors to boot: Goldcorp, Teck Resources and First Quantum Minerals. In 2005 Toronto was bigger, but in recent years Vancouver has taken the lead. CIM doesn’t even have annual meetings there anymore. They alternate between Montreal and Vancouver!
shehbaz Ahmad
I have mine in Pakistan tribal area of a copper mine who wants lease it
Mathieu Yelle
Nothing out of Russia? Moscow perhaps…