{"id":3283,"date":"2019-11-14T19:11:00","date_gmt":"2019-11-14T19:11:00","guid":{"rendered":"https:\/\/amq-inc.com\/hausse-plus-timide-que-prevu-des-investissements-miniers-observe-lassociation-miniere-du-quebec\/"},"modified":"2023-04-17T19:14:34","modified_gmt":"2023-04-17T19:14:34","slug":"hausse-plus-timide-que-prevu-des-investissements-miniers-observe-lassociation-miniere-du-quebec","status":"publish","type":"post","link":"https:\/\/amq-inc.com\/en\/hausse-plus-timide-que-prevu-des-investissements-miniers-observe-lassociation-miniere-du-quebec\/","title":{"rendered":"An unexpectedly small increase in mining investment noted by the Qu\u00e9bec Mining Association"},"content":{"rendered":"\n<p><strong>Qu\u00e9bec City, November 14, 2019<\/strong>&nbsp;\u2013 After forecasting mining investment of around $3.57 billion in 2018, the Institut de la statistique du Qu\u00e9bec (ISQ) has reported actual investment of $3.26 billion, a 7% increase over 2017. According to the Qu\u00e9bec Mining Association (QMA), this increase shows that mining companies remain active in Qu\u00e9bec, but it highlights the need to support mining development to ensure that major investment continues to bring prosperity to Qu\u00e9bec and its regions. However, the QMA is concerned about the declining trend in exploration expenditure and the ISQ\u2019s forecast that it will continue in 2019.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Nord-du-Qu\u00e9bec and Abitibi-T\u00e9miscamingue regions in the lead<\/h3>\n\n\n\n<p>The Nord-du-Qu\u00e9bec region received most investment ($1.31 billion), followed closely by the Abitibi-T\u00e9miscamingue region ($1.19 billion). The bulk of this expenditure was incurred to extend the Canadian Malartic mine and develop Osisko Mining\u2019s Lac Windfall project and Nemaska Lithium\u2019s Whabouchi site.<\/p>\n\n\n\n<p>With $600 million in investment, the C\u00f4te-Nord region came third, mainly thanks to the investment made by Qu\u00e9bec Iron Ore in reopening the Lac Bloom mine.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A decline in exploration<\/h3>\n\n\n\n<p>The bad news in the ISQ report is confirmation that the decline in exploration expenditure is expected to continue in 2019. Although the actual decrease is small ( 1.6%) between 2017 and 2018, the trend will accelerate in 2019 according to the ISQ ( 9.3%).<\/p>\n\n\n\n<p>The Association is concerned about the small number of projects under construction, as this could be an indicator of a future slowdown.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Quotes<\/h3>\n\n\n\n<p>\u201cQu\u00e9bec\u2019s mining industry is a major vector for socio-economic prosperity. A healthy mining industry has a positive impact for the mining regions and for the whole of Qu\u00e9bec. Although traditional sectors such as gold and iron are performing well, there has been a slowdown in other sectors, such as lithium. It is important to provide support in all sectors to ensure a structured approach to mineral development and the ability to ride out a downturn.\u201d<\/p>\n\n\n\n<p>\u201cWhen exploration declines, the chances of making new discoveries also decrease. Although the situation is not yet dramatic, attention must be paid to the declining trend and more support must be provided for exploration activities, if required. The future of Qu\u00e9bec\u2019s mining industry depends on this.\u201d<\/p>\n\n\n\n<p>&#8211; Jos\u00e9e M\u00e9thot, President and CEO of the Qu\u00e9bec Mining Association<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About the Qu\u00e9bec Mining Association<\/h3>\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, November 14, 2019&nbsp;\u2013 After forecasting mining investment of around $3.57 billion in 2018, the Institut de la statistique [&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-3283","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>An unexpectedly small increase in mining investment noted by the Qu\u00e9bec Mining Association - 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\/hausse-plus-timide-que-prevu-des-investissements-miniers-observe-lassociation-miniere-du-quebec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An unexpectedly small increase in mining investment noted by the Qu\u00e9bec Mining Association - 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