Mining Association of Canada pays almost $11 billion to Canadian Government in 2006

VANCOUVER, June 18 /CNW Telbec/ - A new report released today by The Mining Association of Canada indicates that the industry paid almost $11 billion to Canadian governments in 2006, a significant increase from 2005. The Canadian mining industry operates approximately 180 producing minesin Canada, with an important focus upon metals such as gold, copper and nickeland non-metals such as coal, potash, diamonds and oil sands. The industry alsocomprises 38 non-ferrous smelters and refineries producing refined aluminum,copper, nickel, zinc and other metals. These three components of the industry,generically known as "the mining industry", together employ 180 thousandworkers and, according to the study by ENTRANS Consultants, paid the followingamounts to governments in 2006:
Royalties and Similar Payments $2.33 billion
Corporate Income Tax $3.96 billion
Personal Income Tax $1.86 billion
Total $8.15 billion

The paper also highlights a significant year-on-year increase in thesepayments. Payments in 2006 increased by approximately 50% over the$5.5 billion payment total of 2005, reflecting the global price increases innatural resources during this period.

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