Page 14 Page 14 Canada continued to rank second in uranium production The value of nonmetallic mineral production was down 154 in 2016 to 140 billion Potash remained the topranked non metallic commodity despite a 366 drop in the value of mine shipments to 39 billion in 2016 Gains in the previous year were more than ofset in 2016 as prices were down 262 year over year The decline was attributed to excess capacity that caused some miners to suspend operations This is refected in the volume of production which was down 1 14 in 2016 Canada remained the world s lar gest potash producer The volume and value of Canadian diamond production were both down in 2016 to approximately 1 11 million carats and 16 billion respectively Sand and gravel experienced notable gains in both value and volume of pro duction in 2016 up 439 and 384 respectively reported the minister Salt experienced declines of 307 in its value and 329 in its volume in 2016 Salt demand varies according to winter weather conditions relative to forecasts Based on the accuracy of forecasting the severity of the coming winter surpluses leading to increased inventories or shortages leading to price increases may occur Following three years of sustained de clines Canada s overall value of coal production fnally reversed course and recorded 137 growth reaching 36 billion in 2016 Although Cana da produces both thermal and metal lur gical coal the latter had the most impact on its production value Between a cyclical high in 201 1 and 2015 the realized export price of metallur gical coal declined by 662 but in 2016 prices increased 256 from the previous year James Carr federal Natural Resourc es Minister recently said W e are in a time where the defnition of natural resources is expanding Contd from pg 12 W e have an obligation to future gen erations to consistently be building a clean growth economy and a low carbon world Whether that means expanding our wind and solar power industries or improving the low emission technol ogy for oil and gas we are clearly amid a global ener gy transition In the longrun that will have a ben efcial impact on Canada s mining in dustry An Obligation The Honourable James Gordon Carr Minister of Natural Resources W innipeg South Centre Artist Denis Newman Renobie Gold Mine 1950 W awa Canadian Mining Hall of Fame Peter Munk b 1927 Inducted in 2002 As the founder and builder of Bar rick Gold Peter has few peers in Canadian mining history He turned a small Canadian produc er into one of the world s lar gest and most respected mining compan ies In the process he transformed the industry that made him a titan into something it had never been beforea fnan cially sophisticated business able to compete with other industries for investment capital Peter Munk s mining career began in 1983 when he bought a stake in an Alas kan placer mine and half the Renabie mine in Ontario to Futur e Generations Build a clean growth economy