PUBLICATION

Global Business Reports

AUTHORS

Razvan Isac, Ty Jeevaratnam

Québec Mining 2016

November 01, 2016

Positive evolution would be the best way to describe the development of Québec’s mining industry over the past several years. The prestigious annual survey of mining companies, conducted by the Fraser Institute, perfectly reflects this trend, with Québec gradually i mproving its appeal as an investment destination for the industry: from 24th in the world in 2013, to 10th in 2014, to 8th in 2015.

Several developments have contributed to that. On top of the favorable tax regime with incentives for exploration, the accomplishment with the biggest impact was the adoption of Bill 70, “an Act to amend the Mining Act,” which cleared the waters for many potential investors.

Keeping these facts in mind, we arrive in present-day Québec, a mining jurisdiction traditionally known for its exceptional gold and iron ore reserves situated in the north of the province in regions such as Abitibi-Témiscamingue (gold), and the Labrador Trough (iron ore). While iron ore is still not recovering from the crisis, healthy gold prices and a favorable USD/CAD exchange rate have provided for a good 2016 for many Québec miners.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."

RECENT PUBLICATIONS

Latin America Petrochemicals and Chemicals 2025 - Digital Interactive

Latin America’s petrochemical and chemical industries are undergoing rapid transformation in 2025. Across the region, companies are adapting to global oversupply, market volatility, and shifting trade flows by diversifying portfolios, investing in technology, and pursuing sustainability-led growth.

MORE PREVIOUSLY PUBLISHED

MACIG

"Kangankunde is set to become one of only a handful of rare earth mines built outside China."

SUBSCRIBE TO OUR NEWSLETTER