Canada is a king among mining nations, and until recently Quebec was the brightest jewel in its crown. In 2011 alone, the global mining sector invested $17 billion in Canadian operations and was directly responsible for $63 billion (3.9 per cent) of Canadas GDP. The mining sector is also an important contributor to the economy of Quebec, with mining and mineral manufacturing adding $10.2 billion (3.4 per cent) to provincial GDP in 2011. Quebec was ranked as the most attractive Canadian province for mining in recent years, but its edge is fading fast.
quebec mining
September 15, 2011
2:00AM
Until recently Quebec was seen by mining executives around the world as having the best policy environment in the world for investment, mainly thanks to a predictable regulatory environment, the absence of territorial claims in Northern Quebec, high quality geo-scientific data easily accessible to miners, good infrastructure, a skilled workforce, and an attractive mining tax system.