Industry Sector Profile: Mining
Mining Industry At a Glance
Newfoundland and Labrador’s mining industry is anchored by a rich geological landscape that holds a variety of valuable mineral commodities. Despite its extensive mining history, the province remains relatively underexplored, offering significant potential for new discoveries. With a diverse mineral base that includes iron ore, nickel, copper, and gold, among others, the region also shows promising potential for critical minerals such as lithium, cobalt, and rare earth elements. The province’s access to modern infrastructure, clean hydropower, and stable regulatory framework further strengthens its appeal to investors and developers.
Collaboration
Collaboration is at the heart of mining in Newfoundland and Labrador. The industry works closely with government agencies, academic institutions, and community stakeholders to promote sustainable mine development. This partnership not only drives economic growth but also ensures adherence to high Environmental, Social, and Governance (ESG) standards. The province’s commitment to responsible resource management positions it as a leader in both economic prosperity and sustainable development.
The mineral industry is a significant source of employment in Newfoundland and Labrador, employing approximately 8,800 people across the province in 2022.
INDUSTRY SHOWCASE
Calibre’s key asset is the Valentine Gold Project located in the Central Region, set to become the largest gold mine in Atlantic Canada. The project aligns with environmental regulations and underwent an Environmental Assessment process, engaging with local communities including Buchans, Buchans Junction, Millertown, Badger, Bishop’s Falls, Grand Falls-Windsor, Qalipu, and Miawpukek First Nations. Upon completion, it anticipates providing employment for an average of 405 during construction and 522 during operations, contributing significantly to federal and provincial income taxes and mining duties.
INDUSTRY SHOWCASE
Mining Industry NL
Mining Industry NL (MINL) is a not-for-profit association dedicated to representing all sectors of the mineral industry in the province. Our mission is to foster industry growth for the economic and social benefit of the community.
As the sole association representing the entire mineral industry, MINL works to promote the province’s mineral potential, attract investment, and build strong relationships across the mining value chain—from exploration and development to production and support services.