Resource Demand Boosts Canada's Project Activity to $831 Billion

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Researched by Industrial Info Resources (Sugar Land, Texas)--Rising demand for Canada's abundant natural resources, including hydrocarbons, iron ore, gold and coal, have caused an increase in industrial project activity. Canada has more than 2,400 active industrial projects representing $831 billion in total investment value (TIV), according to Industrial Info's North American Industrial Project Database. The largest industry by value of projects is the Metals & Minerals Industry, which accounts for 38% of the value of active industrial projects in Canada, with 528 projects totaling $315 billion TIV.

Click on the image at right to view a chart showing breakdown of industrial projects in Canada by Industry.

Canada is the No. 1 country in the world for mining project development. BHP Billiton (NYSE:BHP) is moving forward with the Jansen Potash project in Sasketchewan. For details, see November 18, 2013, article - BHP Billiton Moves Forward with Jansen Potash Project in Canada.

The second largest is the Oil & Gas Production Industry, with 385 projects totaling $257 billion. BlackPearl Resources Incorporated (NYSE:PXX) (Calgary, Alberta) hopes to begin construction during the fourth quarter of 2014 on the $800 million first phase of the Blackrod bitumen project in Alberta. BlackPearl operates a steam-assisted gravity drainage (SAGD) pilot plant at Blackrod.

Other industries experiencing elevated levels of project activity in Canada include Power, Refining and Oil & Gas Transmission. For details, see Industrial Info's North American Industrial Project Database.

View Project Report - 300045451

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