Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canadians working in the mining industry, one of the country’s largest industrial sectors, are the highest paid, surpassing the average earnings of workers in forestry, manufacturing, finance and construction.
After a recent salary survey, mining jobs and employment opportunities leader CareerMine found that miners in Canada earn over $110,000 a year, or about $31,000 to $46,000 more than the average worker employed in the other four major sectors of the economy:
And here’s how much those who hold a supervisory or foreman position are making:
Despite the recent sustained rout in commodity prices that have forced miners to shelve projects, axe jobs and focus on cost cutting measures, Canada’s mining and mineral processing sector is one of the country’s main employers — about 380,000 work in sector, data from the Mining Association of Canada shows.
Canada also has one of the largest mining supply sectors globally with more than 3.400 companies that provide engineering, geotechnical, environmental, financial and other services.
For more information on how to advance your career in mining, visit CareerMine.
