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Natural resources

Some parts of the Mackenzie basin are rich in natural resources – oil and gas in the Northwest Territories and in central Alberta, lumber in the Peace River headwaters, uranium in Saskatchewan, gold and zinc in the Great Slave Lake area and tungsten in the Yukon. As of 2003 there were two operational gold mines in Yellowknife, and many more abandoned mines dot the region. Communities along the Mackenzie River depend on subsistence fishing, although there is also some commercial fishing on the river.

Agriculture in the Mackenzie River basin is mainly concentrated in the Peace and Athabasca valleys to the south. The valley of the former river is considered to be some of the best northern farmland in Canada, due to the high concentration of minerals found in the soil. These conditions are expected to be improved even more by trends in climate change, such as warmer temperatures and a longer growing season. According to the British Columbia Environmental Network, "there is enough agricultural capability in the Peace River Valley to provide vegetables to all of northern Canada".

The only functioning oil pipeline in the Mackenzie basin connects Norman Wells with Zama City, Alberta. Norman Wells was the main oil-producing area on the Mackenzie River until the 1970s, when new oil fields were discovered further north in the Mackenzie delta and the surrounding coastline. As of 2016, there were an estimated 166 billion barrels of oil reserves in this region. There is a proposal for a Mackenzie Valley Pipeline, which has not been built due to environmental concerns and falling oil and gas prices.