{"id":3207,"date":"2020-10-20T20:24:00","date_gmt":"2020-10-20T20:24:00","guid":{"rendered":"https:\/\/amq-inc.com\/retombees-economiques-de-lactivite-miniere-labitibi-temiscamingue-en-tete-du-peloton\/"},"modified":"2023-04-17T17:08:45","modified_gmt":"2023-04-17T17:08:45","slug":"retombees-economiques-de-lactivite-miniere-labitibi-temiscamingue-en-tete-du-peloton","status":"publish","type":"post","link":"https:\/\/amq-inc.com\/en\/retombees-economiques-de-lactivite-miniere-labitibi-temiscamingue-en-tete-du-peloton\/","title":{"rendered":"Economic benefits generated by mining: the Abitibi-T\u00e9miscamingue region tops the list"},"content":{"rendered":"\n

Qu\u00e9bec City, October 20, 2020<\/strong> \u2013 A new study of the economic benefits generated by the mining industry in Qu\u00e9bec, published by the Qu\u00e9bec Mining Association (QMA), once again confirms the domination of the Abitibi-T\u00e9miscamingue region, which harvests the largest share of benefits from mining activities. Whether in terms of total expenditure, number of jobs or number of suppliers, the region ranks first for all the indicators studied.<\/p>\n\n\n\n

The Abitibi-T\u00e9miscamingue regions accounts for $3.44 billion in spending by mining companies, out of a total of almost $10 billion for Qu\u00e9bec as a whole. For the region, this represents an increase of $1.5 billion since 2014.<\/p>\n\n\n\n

In addition to spending, the study shows that almost 15,000 of the 48,000 total jobs supported by the mining industry are held by residents of the Abitibi-T\u00e9miscamingue region, including 6,615 direct jobs, placing it in front of the C\u00f4te Nord region (over 7,100 total jobs) and Montr\u00e9al (over 6,400 total jobs).<\/p>\n\n\n\n

The Abitibi-T\u00e9miscamingue region also has the largest number of suppliers, with 1,210 suppliers making up 24.5% of the total.<\/p>\n\n\n\n

The mining industry\u2019s contribution to prosperity and economic vitality in the region is clear, since it accounts for almost 19.5% of total employment in the region and almost 24% of total employment income. 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. The mining industry contributes almost $2.9 billion, or 36% of total GDP for the Abitibi-T\u00e9miscamingue region.<\/p>\n\n\n\n

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

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

The full report can be viewed\u00a0here<\/a>.<\/p>\n\n\n\n

<\/div>\n\n\n\n
\n

\u00ab It is always striking to see the contribution made by the mining industry to Qu\u00e9bec\u2019s economy, and this is especially true for the Abitibi-T\u00e9miscamingue region. Obviously, mining has been in the region\u2019s DNA since it was founded, but seeing how it has renewed its approach and grown over the years offers hope for the future. \u00bb<\/p>\n\n\n\n

\u00ab The results released today show, once gain, the full extent of the industry\u2019s contribution to the so-called mining regions, but also, significantly, to major urban centres. This reminds us that regions like Montr\u00e9al and Mont\u00e9r\u00e9gie are a lot closer to the mining industry than at first appears. \u00bb<\/p>\n\n\n\n

\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. 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 in the Abitibi-T\u00e9miscamingue region. Strong gold prices and promising new projects under development, the region 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– Jos\u00e9e M\u00e9thot, President and CEO of the Qu\u00e9bec Mining Association<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

About the Qu\u00e9bec Mining Association<\/strong><\/p>\n\n\n\n

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’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":"

Qu\u00e9bec City, October 20, 2020 \u2013 A new study of the economic benefits generated by the mining industry in Qu\u00e9bec, published […]<\/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-3207","post","type-post","status-publish","format-standard","hentry","category-communiques-de-presse-en"],"acf":[],"yoast_head":"\nEconomic benefits generated by mining: the Abitibi-T\u00e9miscamingue region tops the list - 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\/retombees-economiques-de-lactivite-miniere-labitibi-temiscamingue-en-tete-du-peloton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic benefits generated by mining: the Abitibi-T\u00e9miscamingue region tops the list - 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