PUBLICATION

Global Business Reports

AUTHORS

Razvan Isac, Ty Jeevaratnam

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Québec Mining 2016 Pre-Release 3

Mining

Canada

October 04, 2016

With an amended mining law, a mining-friendly provincial government elected in 2014, the creation of the Société du Plan Nord in 2015, with a vast mandate and impressive budget with which to develop huge tracts of the north of the province, we see numerous, rather surprising and overall positive developments in Québec. From favorable US$/C$ exchange rates dramatically improving gold producer profits, to non-traditional mineral projects such as Nemaska Lithium, which is exploiting the world’s second largest lithium reserve; Stornoway Diamonds, currently processing ore at the Renard Diamond Project, Québec’s first diamond mine – ahead of time and below its planned budget; and Arianne Phosphate marching strongly to operation having received a ministerial decree from Québec’s government to go ahead with its C$1.2 billion phosphate project, Québec is visibly rallying up forces and moving in the right direction.

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