Colorado’s New Elk Mine provides coal for Cline Mining
Toronto-based Cline Mining Corporation began production at its New Elk coal mine in Colorado in late December 2011.
Cline invested $65 million developing the project, which is Colorado’s first new coal mine in nearly a decade.
With an annual capacity of 3 million tons, the mine represents a turn-around for the state’s long-shrinking coal industry. Cline Mining will eventually employ more than 450 workers at the site, which should lead to the creation of numerous secondary jobs and a strengthening of the local tax base.
Alpine Access is the world’s leading outsourcer of call-center services using home-based, virtual customer service agents. In March 2011, Alpine Access announced it will expand its call-center services into Canada by opening a new office in Calgary. Senior executives from Alpine Access project this market expansion will generate 600 new customer care positions in Canada. The company’s first international expansion is also expected to create 50 jobs in Denver to support its Canadian operations. The decision to expand into Canada by Alpine Access was finalized upon securing a multi-year contract with Canada’s largest wireless voice and data communications service provider.
Agrium Inc., a Calgary-based supplier of agricultural products, nutrients and fertilizers has greatly expanded its operations in Colorado and the U.S. in recent years and in 2008, the company purchased Colorado-based UAP for $2.65 billion, one of the largest Canadian foreign direct investment transactions ever made in the state. Since the purchase, Agrium’s Colorado presence has grown through the relocation of the company’s Advanced Technologies unit to Loveland.
As a result of this investment, Agrium now employs more than 500 people in the state and ranks as one of the state’s top Canadian employers.
Consulate General of Canada
1625 Broadway, Suite 2600 • Denver, CO 80202
Phone: (303) 626-0640 • Fax: (303) 572-1158
Unless otherwise mentioned, all figures are based on 2011 data in U.S. dollars (US$1.00=C$0.9891). Statistics Canada: tourism, based on combined same-day and overnight travel (5/2012 release); goods & services trade (2/2012 release). World Institute for Strategic Economic Research (WISER): Canada’s export ranking (2/2012 release). U.S. Census Bureau: trade (2/2012 release). Services trade data not available at a sub-national level. Figures may not add up due to rounding. Produced by the Embassy of Canada in Washington, D.C.
Colorado sells more goods to Canada than to the state’s next two largest foreign markets combined
* Job numbers from trade (2010 data) and Canadian-owned businesses (2009 data) are from a 2012 study commissioned by the Government of Canada