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Canadian mining and metals industry may become a prime target for increased taxes and levies as the government faces budget pressures to fund the deficits created during the global financial crisis. New avenues for increased taxation include carbon emission schemes.

How do you manage through the recession and position your company for growth? Our mining and metals partners conducted more than 500 client meetings and identified some overarching themes. Accelerated decision-making, operational flexibility and alternative financing options could mean the difference between surviving and thriving.

Find out what scenarios Canadian miners should prepare for in our list of top 10 risks for the mining and metals sector in 2009–10.

Canada’s mining industry has effectively been divided into three camps as a result of the global economic recession — the opportunists, the innovators and the survivors — according to our new paper, Mining and metals in adversity. Read the news release or download the full report to learn more.

Our latest issue, Changes in estimates for rehabilitation costs (pdf, 251 KB), discusses the affects of the volatility in the sector on closure and rehabilitation costs. It covers the impact on rehabilitation provisions of changes in costs, commodity prices, exchange rates and discount rates, and includes tax exemptions and deductibility of rehabilitation obligations.

Our Refining IFRS series aims to examine the complex, but unique, issues faced by mining and metals companies applying IFRS. These issues will be considered in the context of recent and current developments in the global mining and metals market place.

The latest report in Ernst & Young’s series on mining companies listed on global exchanges provides an overview of the top 100 mining companies by capitalization listed on the Toronto Stock Exchange and TSX Venture Exchange in 2008. We examine the size and scale of the companies, as well as their commodities, financial health and future prospects. Learn more (pdf, 1.9Mb).

Mining and metals sector fundamentals are still compelling, according to a new Ernst & Young report — 2008: The year when cash was king. The outlook is that a sharp reduction in inventories, combined with infrastructure-intensive stimulus packages around the world, will likely contribute to a new rally in the sector. Read the media release. Download the executive summary of the report (pdf, 142K).