The Canadian Mining Hall of Fame (CMHOF) announced Monday that it will induct Ross Beaty, Robert Gannicott, Terrance MacGibbon and Edward Thompson to its ranks in 2018.

The CMHOF recognizes the Canadian mining industry’s mine finders and developers across five nomination categories, from exploration to technical achievements.

“The inductees are all very well qualified and recognized in the industry,” said CMHOF chair Bill Roscoe. “They’re all company builders and have all contributed to society, in terms of charity and sustainability of the companies they’re involved with.”

Beaty, currently the chairman of the renewable energy company Alterra Power, was appointed to the Order of Canada this year for his business contributions to the mining sector and his philanthropy towards environmental causes. He is a prolific mining entrepreneur who has created more than $6 billion in shareholder value from thirteen of the companies he started, dating back to 1994.

Beaty’s most well-known company, Pan American Silver, has seven mines in Latin America and is one of the world’s biggest silver producers.

"I'm very proud and humbled," Beaty told CIM Magazine. "The awards are wonderful to receive but they don't really change my behaviour. I've had a wonderful career, I've been very lucky, and my success has really been through the hard work of thousands of other people working at my companies."

Beaty said he was "delighted" to join the ranks of "many people who I've looked up to and admired for many years, and who have made a big impact in Canadian mining."

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Gannicott co-founded junior miner Aber Resources, which eventually became Dominion Diamond, and was pivotal in the company’s discovery and development of the Diavik diamond mine. He was instrumental in keeping Dominion Canadian-owned and took creative chances like acquiring and later selling American jeweller Harry Winston. Gannicott passed away in August 2016 after a two-year battle with leukemia at the age of 69.

MacGibbon, a geologist by trade, spent 30 years at nickel giant Inco, where he advocated for the Voisey’s Bay discovery in Labrador that the company later acquired, and built four mining companies: FNX Mining, Torex Gold Resources, TMAC Resources and INV Metals.

Thompson, a founding member of the CMHOF, helped to grow Teck Resources and Lancana Mining (which is now a part of Barrick Gold), championed discoveries in the Ring of Fire, and developed the Bloom Lake iron ore mine, which was sold to Cliffs Canada for $4.9 billion in 2011. He also has served on the boards of 50 junior mining companies, and is a board member and former president of PDAC.

The four inductees will be honoured at the CMHOF’s 30th annual dinner and induction ceremony on January 11 in Toronto.