Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
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Most Toronto-based miners have addresses on Bay Street while Vancouver miners are evenly split between Hastings and Pender streets.
Despite the commodity price shake out in 2015 and 2016, miners have mostly hung onto their downtown addresses.
“The mining sector occupies a large footprint in office and commercial space in downtown Vancouver, close to their financing and legal partners,” says Anne McMullin, President and CEO of the Urban Development Institute.
Data is based on Mining Intelligence‘s list of publicly-traded and active mining company headquarters for businesses based in either Vancouver or Toronto.
In the fall, MINING.com declared Vancouver and Toronto the world’s top mining cities. Vancouver has just over 800 listed and active mining companies while Toronto has about 300. Data was compiled in August 2017.
Word cloud lists top seven addresses in Vancouver where miners and explorers are located.
Nearly a third of Toronto’s 330 mining companies have a Bay Street address, followed up by Adelaide Street.
Word cloud lists top seven addresses in Toronto where miners and explorers are located.
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