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Stable Canadian Mining Market Strengthens Global Economy
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(Posted on May 30, 2016 at 01:02PM by Lee Byard)
Recession remains a lingering fear within the global market, with analysts citing a series of rising risks (including the financial strain of the European refugee crises and the threat of stimulus cuts to the ECB institute). An economic stumble is, they claim, to be expected.Canada’s mining market may help to steady that stumble.
According to Pricewaterhousecoopers, mining proves a powerful force in Canada - generating consistent revenue and employment opportunities (two elements desperately needed to counter an impending recession). In 2015 the market bolstered the North American GDP with a cash-flow surge:
Gross Revenue: Approximately 7.7 billion.
Net Mining Revenue: Approximately 6.2 billion.
Operational Revenue: Approximately 1.6 billion.
New Capital Revenue: Approximately 700 million.
Net Mining Revenue: Approximately 6.2 billion.
Operational Revenue: Approximately 1.6 billion.
New Capital Revenue: Approximately 700 million.
These numbers showcase both the value and vitality of the mining market, with Canada delivering financial stability. Through this, it can help to counter the effects of recession - strengthening North America’s economy through improved production.
To ensure this production remains high, Connexus Industries offers our clients a series of underground mining options - all tailored to precision, utilizing specialty alloys and 160-340 BHN hardness values to promote durability. This allows every track pad to transition from site to site, delivering weight ranges of more than 300 pounds. They accommodate every need and promote seamless operations.
This will help to protect both the North American and global economies against recession - and nothing proves more important than that.
To learn more about our underground mining equipment contact us today.
