Canada's mining sector falls in June as wildfires and maintenance impact iron ore operations; oil and gas up

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- According to Statistics Canada , the domestic mining, quarrying and oil and gas extraction sector decreased for a second month in a row, down 0.3% in June, as fires in northern Quebec led to multiple mine closures.

According to the report, metal ore mining decreased 6.7% in June 2023, primarily as a result of a 35.0% drop in the iron ore mining industry as a combination of wildfires and maintenance severely impacted production in northern Quebec and in Newfoundland and Labrador. The agency said that the domestic oil and gas extraction rose 1.1% in June, partly offsetting a 3.4% contraction in May when the wildfires in Alberta impacted the subsector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines