Mining
A wide variety of metals and minerals within easy reach


Québec is known for its tremendous mineral potential and a business climate that is very favourable to mining investment. Québec is especially attractive for resource exploration and development.

 

With 23 mines now in production and over 350 surface mineral mining operations in progress, the value of Québec's mineral shipments reached $7.7 billion in 2015. The main minerals mined are gold and silver, iron, nickel, ilmenite (titanium), zinc and rock of all kinds.

 

In 2015, some 200 mining companies conducted more than 600 exploration and development projects.

 

  • Québec is one of the rare producers of niobium, titanium dioxide, cobalt and platinum in the world.
  • The province is also Canada’s biggest producer of iron concentrate and zinc and its second-largest producer of gold.
  • Its subsurface also contains a huge potential of such substances as graphite, lithium, diamond, rare earths and tantalum.

The Plan Nord project: Gateway to a new world

Launched in 2011, the Plan Nord is a vast project that opens up an incredibly resource-rich territory extending over 1.2 million km². The goal is to ensure sustainable, integrated development of the region’s economic potential — particularly its mineral resources — all with the greatest respect for First Nations and local communities.

Did you know?

 

  • Québec holds sixth place in the Fraser Institute’s 2016 rankings of the world’s most attractive jurisdictions for mining investments.
  • Mineral exploration rights have been assigned on only 5% of Québec's vast territory.
  • The procedure for obtaining a mining title is remarkably simple. Claims can be registered online or staked in the field.
  • In Québec, the combined tax rate for corporations is 26.8%, one of the lowest in North America. A minimum income tax calculated on the basis of the quantity of ore extracted or the mining company’s annual profit is also levied.
  • Québec offers a number of competitive tax incentives created specifically for mineral producers. Taken together, Québec's refundable tax credits, deductions and allowances make for a very friendly business climate.
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Contact your expert

Benoît Larouche

Director, Business Development, New York

212 843-0976