{"id":3246,"date":"2020-03-10T20:55:00","date_gmt":"2020-03-10T20:55:00","guid":{"rendered":"https:\/\/amq-inc.com\/budget-2020-2021-du-gouvernement-du-quebec-lassociation-miniere-du-quebec-esperait-plus-pour-stimuler-le-developpement-minier\/"},"modified":"2023-04-17T17:47:10","modified_gmt":"2023-04-17T17:47:10","slug":"budget-2020-2021-du-gouvernement-du-quebec-lassociation-miniere-du-quebec-esperait-plus-pour-stimuler-le-developpement-minier","status":"publish","type":"post","link":"https:\/\/amq-inc.com\/en\/budget-2020-2021-du-gouvernement-du-quebec-lassociation-miniere-du-quebec-esperait-plus-pour-stimuler-le-developpement-minier\/","title":{"rendered":"Qu\u00e9bec Government budget for 2020-2021 : the Qu\u00e9bec Mining Association disappointed by the lack of support for mining development"},"content":{"rendered":"\n<p><strong>Qu\u00e9bec City, March 10, 2020<\/strong>&nbsp;\u2013 The Qu\u00e9bec Mining Association (QMA) is disappointed by the 2020-2021 budget tabled by the Minister of Finance, since it was hoping to see more measures specifically designed to stimulate mining activities.<\/p>\n\n\n\n<p>The good news in the budget is that the government intends to promote the critical and strategic minerals (CSM) sector using a $90 million budget envelope to<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>step up knowledge acquisition, education and awareness regarding critical and strategic minerals as well as the promotion of their potential;<\/li>\n\n\n\n<li>encourage innovation and develop expertise and value chains associated with critical and strategic minerals;<\/li>\n\n\n\n<li>contribute to the development of the green sector, recycling and exemplary environmental practices.<\/li>\n<\/ul>\n\n\n\n<p>Although the QMA\u2019s main demand was for support to reduce the costs of mineral development, this measure is the only measure that applies specifically to the mining industry.<\/p>\n\n\n\n<p>Among other interesting items in the budget, the QMA notes the creation of a new investment and innovation tax credit (C3i) to encourage companies to purchase manufacturing and processing equipment, computer hardware and management software. However, the QMA would have liked to see the mining sector made eligible for the tax holiday for major investment projects after previously being unjustifiably excluded.<\/p>\n\n\n\n<p>As the mining sector begins its shift to the digital future, the QMA is pleased to note that the objectives of C3i include<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Supporting the acquisition of new technologies to digitize production processes;<\/li>\n\n\n\n<li>Promoting the modernization of manufacturing equipment to increase robotization and automation.<\/li>\n<\/ul>\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 Given that Qu\u00e9bec has just dropped from 4th place to 18th place in the Fraser Institute\u2019s latest ranking of the best jurisdictions for worldwide investment, the Qu\u00e9bec Mining Association hoped to see more in the 2020-2021 budget. We remain confident, however, about the government\u2019s intentions, in particular to make the mining sector more competitive and attractive and a more effective generator of prosperity in Qu\u00e9bec. \u00bb<\/p>\n\n\n\n<p>\u00ab Although disappointed by the lack of measures for the mining sector in the budget, we will continue to work with the government as a key partner to ensure the long-term viability of mining in Qu\u00e9bec. \u00bb<\/p>\n<cite>&#8211; Jos\u00e9e M\u00e9thot, QMA president and CEO<\/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 40,540 jobs and total expenditure of $8.5 billion generated by Qu\u00e9bec&#8217;s mining industry over the last year. 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, March 10, 2020&nbsp;\u2013 The Qu\u00e9bec Mining Association (QMA) is disappointed by the 2020-2021 budget tabled by the Minister [&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-3246","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>Qu\u00e9bec Government budget for 2020-2021 : the Qu\u00e9bec Mining Association disappointed by the lack of support for mining development - 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