A new study has reinforced the significant role steelmaking coal continues to play for Canada’s economy.
While the analysis was commissioned by Elk Valley Resources (EVR), the country’s largest producer of metallurgical coal, the results speak to the broader importance of steelmaking coal nationwide. The study shows that EVR alone generated $6.1 billion in national GDP in 2024, representing roughly 12 per cent of Canada’s mining sector.
Steelmaking coal supports high‑quality Canadian jobs
Steelmaking coal continues to be a major source of stable, high‑value employment in British Columbia and across Canada. The sector’s economic footprint remains strong in B.C.’s Elk Valley, where steelmaking coal operations sustain thousands of well‑paid jobs and anchor local economies.
EVR’s operations alone support approximately 5,500 jobs, with wages about 70 per cent higher than the national average, and contribute $5.3 billion to B.C.’s GDP, accounting for roughly 70 per cent of the province’s mining sector. With $475 million in annual employee compensation and billions spent on local suppliers, the steelmaking coal industry remains a cornerstone of B.C.’s economic health.
Rural communities rely on steelmaking coal
The study highlights the local impact of the industry. In Elkford and Sparwood, one in every two workers is employed in steelmaking coal. In Fernie, it is one in four. Even across the Alberta border in Crowsnest Pass, one in seven workers depends on the sector.
Municipal governments also benefit significantly. Up to 89 per cent of local tax revenue in some communities comes from steelmaking coal operations, helping fund essential services, infrastructure and community programs.
A supply chain that strengthens Canadian businesses
Steelmaking coal supports a broad network of suppliers across the country. In B.C. alone, EVR spends $3.3 billion annually on goods and services, supporting contractors, transportation companies, equipment manufacturers and many small and medium‑sized businesses.
Steelmaking coal fuels the materials needed for a low‑carbon future
Steelmaking coal is often misunderstood. It is not the same as thermal coal used for power generation. Instead, it is a key ingredient in producing the steel needed for wind turbines, electric vehicles, transit systems, hospitals, bridges and clean‑energy infrastructure.
As Canada and the world transition to lower‑carbon technologies, demand for high‑quality steel remains strong.
Steelmaking coal continues to deliver for Canada
Steelmaking coal is not just a resource; it is a major contributor to Canada’s economic resilience, industrial competitiveness and community prosperity. From high‑paying jobs to billions in GDP to the steel required for modern infrastructure, metallurgical coal remains a vital part of Canada’s future.
