{"id":3195,"date":"2020-10-20T20:31:00","date_gmt":"2020-10-20T20:31:00","guid":{"rendered":"https:\/\/amq-inc.com\/mines-des-retombees-economiques-majeures-pour-le-saguenay-lac-saint-jean\/"},"modified":"2023-04-17T15:56:49","modified_gmt":"2023-04-17T15:56:49","slug":"mines-des-retombees-economiques-majeures-pour-le-saguenay-lac-saint-jean","status":"publish","type":"post","link":"https:\/\/amq-inc.com\/en\/mines-des-retombees-economiques-majeures-pour-le-saguenay-lac-saint-jean\/","title":{"rendered":"Mining: generating substantial economic benefits for the Saguenay\u2013Lac-Saint-Jean region"},"content":{"rendered":"\n<p><strong>Qu\u00e9bec City, October 20, 2020<\/strong>&nbsp;\u2013 Although only one mine remains active in the Saguenay\u2013Lac-Saint-Jean region, the mining industry still generates substantial benefits for the region, in particular because of its proximity to Qu\u00e9bec\u2019s three largest mining areas. This is one of the findings from a study published by the Qu\u00e9bec Mining Association (QMA) that provides an overview of the impact of mining on Qu\u00e9bec\u2019s economy.<\/p>\n\n\n\n<p>The Saguenay\u2013Lac-Saint-Jean region, which reports almost 2,400 jobs held by residents of the region (ranking 5th in Qu\u00e9bec), 385 suppliers (ranking 4th in Qu\u00e9bec), and spending assessed at $409 million (ranking 6th in Qu\u00e9bec), has seen growth across all indicators.<\/p>\n\n\n\n<p>Overall, the study shows that the mining industry in Qu\u00e9bec is responsible for more than 48,000 direct, indirect and induced jobs, that almost $10 billion is spent by mining companies throughout Qu\u00e9bec, and that a network of more than 3,800 suppliers helps support the development of Qu\u00e9bec\u2019s mineral resources. It is also important to mention that the average annual salary in the industry is close to $104,000, well above the average annual salary in Qu\u00e9bec of $64,000.<\/p>\n\n\n\n<p>The study also addresses a frequently-asked question: how much do governments receive from mineral resource development? The answer: over $1 billion each year. More specifically, $1.3 billion was paid to the Qu\u00e9bec government alone in 2018, without including corporate income tax, while the Government of Canada received a further $500 million.<\/p>\n\n\n\n<p>Although the data relates to activities in 2018, it is the most recent available and provides a representative view of the contribution made by the mining industry to Qu\u00e9bec\u2019s socio-economic development.<\/p>\n\n\n\n<p>The full report can be viewed\u00a0<a href=\"https:\/\/amq-inc.com\/wp-content\/uploads\/2023\/04\/retombees-an-2020_vf.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab It is always striking to see the contribution made by the mining industry to Qu\u00e9bec\u2019s economy. Although it is easy to think that only the mining regions benefit, in fact the regions of Montr\u00e9al and Mont\u00e9r\u00e9gie also receive a major share. It is vital, for Qu\u00e9bec as a whole, for the mining industry to remain strong and prosperous. \u00bb<\/p>\n\n\n\n<p>\u00ab Thanks to the resilience of the workers in Qu\u00e9bec\u2019s mining industry and their ability to innovate, mining companies have returned to the levels of activity seen before the COVID-19 pandemic relatively quickly.<\/p>\n\n\n\n<p>However, it will be interesting to see, in the next study of economic benefits covering the results for 2020, whether the pandemic has had an impact on employment and expenditure. Qu\u00e9bec is in a strong position to recover from the current situation and to continue to enjoy the benefits generated by the mining industry. \u00bb<\/p>\n<cite>&#8211; Jos\u00e9e M\u00e9thot, President and CEO of the Qu\u00e9bec Mining Association<\/cite><\/blockquote>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>About the Qu\u00e9bec Mining Association<\/strong><\/p>\n\n\n\n<p>The Qu\u00e9bec Mining Association (QMA) was founded in 1936 and speaks proactively for mining companies involved in exploration, extraction and processing, mining contractors and junior mining companies, along with suppliers, institutions, non-profit organizations and other mining sector partners. It is proud of the 48,006 jobs and total expenditure of $9.9 billion generated by Qu\u00e9bec&#8217;s mining industry in 2018. The QMA\u2019s mission is to promote, support and proactively develop a responsible, committed and innovative mining industry in Qu\u00e9bec.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qu\u00e9bec City, October 20, 2020&nbsp;\u2013 Although only one mine remains active in the Saguenay\u2013Lac-Saint-Jean region, the mining industry still generates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[112],"tags":[],"class_list":["post-3195","post","type-post","status-publish","format-standard","hentry","category-communiques-de-presse-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mining: generating substantial economic benefits for the Saguenay\u2013Lac-Saint-Jean region - Association Mini\u00e8re du Qu\u00e9bec<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/amq-inc.com\/en\/mines-des-retombees-economiques-majeures-pour-le-saguenay-lac-saint-jean\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mining: generating substantial economic benefits for the Saguenay\u2013Lac-Saint-Jean region - 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