Draft:Ontario Mining Association
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|  |
| Formation | 1920 |
|---|---|
| Legal status | Non-profit company |
| Location |
|
Region served | Ontario |
President | Priya Tandon |
| Website | oma.on.ca |
History
[edit]The Ontario Mining Association (OMA) was established in 1920 to represent the mining industry of the province and is one of the longest serving trade associations in Canada.[1]
Economic Contributions
[edit]In 2023, Ontario's mining sector generated minerals valued at $15.7 billion, accounting for 26% of Canada's production. It contributed approximately $13.8 billion to the province's GDP and created $3.3 billion in wages, supporting around 31,000 direct jobs and an additional 46,000 related jobs. About 77% of the GDP contributions from mining companies remain in Ontario, with local sourcing of supplies at 44% as of 2019. Total worker compensation reached around $4.4 billion in 2023.[2]
The industry employs 12% Indigenous workers, surpassing the provincial average, with 142 active agreements between Indigenous communities and mining companies as of 2020. Mining jobs offer competitive wages, averaging $2,032 weekly, which is 65% higher than the industrial average. Between 2001 and 2023, mining earnings increased by 79%, promoting diversity and inclusion in its workforce.[3]
Ontario's mining supply and service sector employs over 40,000 people, with more than 1,400 companies operating in this area. The province maintains high environmental standards, with many companies engaged in carbon pricing and emission reduction efforts. In 2023, Ontario invested $952 million in mineral exploration, while Toronto remains a global mining finance hub with over 1,000 listed companies on its exchanges.[4]
References
[edit]- ^ "About OMA". Ontario Mining Association.
- ^ "Facts and Figures". Ontario Mining Association.
- ^ "Facts and Figures". Ontario Mining Association.
- ^ "Facts and Figures". Ontario Mining Association.