World mining classification | Quebec tumbles from 5th to 22nd row

At a time when critical minerals – essential to slots such as renewable energy. For example, electronics and defense – are more important than ever, Quebec is tasting in a global ranking identifying the best places to invest.

Posted at 4:30 p.m.

The province is dismissed from top-5. Moreover, slide at 22^e Rank of the prize list of the Fraser Institute at the end of a survey carried out by the reflection group with decision -makers of the industry. Therefore, It is a slide of 17 levels compared to the performance of 2023.

“It is among the worst results in the world mining classification | quebec province,” emphasizes Eric Lemieux, a mining analyst at EBL Consultant. Nevertheless, I cannot believe that with the diversity of our resources, we will remain at this level. For example, »»

Quebec had ranked 18^e Rank in 2013 as well as in 2020. For example, There are three main complaints that marked respondents last year: the weight of taxation. Therefore, regulatory horses between government orders (provincial and federal) as well as the lack of constancy in matters of predictability and laws.

“We are not necessarily surprised even if it is not good news. For example, ” says the president and chief executor of the Quebec Mining Association (AMQ), Emmanuelle Toussaint. These are really elements that have been recalled many times. »»

The industry does not ask for carte blanche, she pleads. What irritates it are the world mining classification | quebec question points. How long does it take before you know if you will get a permit? When will rules changes will be announced by Quebec? These are examples mentioned by the association.

Even at the national level. the province loses feathers, from second to fifth row, behind Saskatchewan, Newfoundland and Labrador, British Columbia as well as Ontario.

This observation of the Fraser Institute arises while the Legault government hammers wanting to be a leader in production. processing of minerals such as lithium, nickel and graphite – essential to the Quebec battery sector.

“To build a complete value chain – from exploration to finished products – which benefits world mining classification | quebec SMEs. resource regions and all of Quebec, it is first necessary to guarantee the conditions necessary for investment and innovation,” says the association of mining exploration of Quebec, in an open letter.

The slope may be steep to go back up. according to the association, which adds that the portrait brushed by the Fraser Institute does not testify to the full effect of the form of the Mines Act adopted last November.

M^me Toussaint abounds in the same direction, especially in terms of predictability.

“Several elements will be specified by regulation,” emphasizes the CEO of the AMQ. The first is being developed. We don’t know what’s going to be in there. This is an example of uncertainty. »»

The legislative play of the Legault government is not unanimous, both on the side of industry as among environmentalists.

If the private sector deplores a lack of stability. the Quebec Best Mine Coalition Quebec, in particular, denounces the absence of the consent of the populations concerned by a project before the issue of mining rights and the end of the precedence of mining rights on the protection of water, the environment and the areas to be protected.

Globally, Finland obtains the best score from the Fraser Institute after ranking 17^e Rank in 2023. According to world mining classification | quebec the organization’s investigation. the Nordic country has been able, over time, to set up “predictable” rules and which leave little room for interpretation in the mining sector.

These are two American states, Nevada and Alaska, which complete the podium.