Ministère de l’Énergie et des Ressources naturelles
The 2013 Annual Report on Mining Activities, produced by the Ministère de l’Énergie et des Ressources naturelles, is now available on the ministerial website. The main highlights are presented briefly below.
The key events of 2013 were unquestionably the review of the mining tax regime and the adoption of the new Mining Act. The mining tax regime allows the State to obtain fair compensation for the use of a non-renewable resource in the public domain. The regime was reviewed and amended in 2013, with this goal in mind. As for the new Mining Act, which came into force on December 10, 2013, it contains provisions that will help ensure more responsible mine development, with due respect for communities and the environment, and will also increase the economic spin-offs derived by Québec from mining projects.
From an economic standpoint, and despite a decline in 2013, mining investments remained at historically high levels ($3.2 G), up significantly from their $2 G level during the period 2002-2012. As for exploration, phosphate and graphite appeared for the first time in the list of prospected substances in 2012 and 2013, based on data from the Institute de la statistique du Québec.
The report also addresses the question of mining site restoration. Since August 22, 2013, every person who carries out mining operations in Québec must deposit an amount of money as a financial guarantee, covering 100% of the cost of restoring their mining site.
The 2013 report also contains a new chapter on research and innovation. The Québec Government, in its Mineral Strategy of June 2009, noted that technological innovation and new process development would help the industry to address its environmental and technical challenges, and would also improve its ability to compete. In 2013, the Government granted financial assistance to mining innovation organizations for this purpose. See Chapter 8 for details.
Download the 2013 Report on Mining Activities in Québec (PDF format) free of charge.
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