In contribution to Canada’s GDP over the two-year construction-phase
SocioEconomic Impact of the Grassy Mountain Project
Northback is committed to ensuring that the Grassy Mountain Project provides economic benefits for the Crowsnest Pass, Alberta, and Canada.
To support this commitment, Northback engaged EY to conduct an independent Socio-Economic Impact Study of the Grassy Mountain Project. The study examined two key areas: Northback’s economic footprint in Canada and the project’s broader socio-economic contributions. It assessed economic impacts associated with both mine construction and long-term operations, exploring the project’s future economic output, government revenues, and employment numbers.
Key Findings
EY’s report found that by sending high-quality, Canadian steelmaking coal to international markets, the Grassy Mountain Project will create jobs, strengthen the local economy and generate hundreds of millions in economic activity. Key findings from the EY report included:
Socioeconomic Contributions
EY’s report found that, as a community partner, the Grassy Mountain Project will make a range of broader socioeconomic contributions, including:
Strengthening local communities and entrepreneurial ecosystems
Including job creation, support for community programs, and investment in local business development.
Enabling Indigenous economic participation and capacity building
Creating employment, procurement, and training opportunities for First Nations communities.
Contributing to Canada’s trade position and supporting regional growth
Helping strengthen Canada’s trade balance and supporting growth across downstream supply chains.
EY Socioeconomic Impact Report
While completing the study, EY assessed the economic contributions of the Grassy Mountain Project using its proprietary economic impact model, grounded in Statistics Canada’s input output framework.
The analysis drew on financial information provided to EY by Northback, publicly available Canadian economic and financial data, and EY’s internal modelling tools to estimate the Grassy Mountain Project’s impacts on GDP, employment, labour income, and provincial and federal tax revenues across Canada, with a focus on Alberta and Southwestern Alberta.
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