{"id":4663,"date":"2024-12-03T17:14:56","date_gmt":"2024-12-03T17:14:56","guid":{"rendered":"https:\/\/amq-inc.com\/?p=4663"},"modified":"2024-12-03T17:32:58","modified_gmt":"2024-12-03T17:32:58","slug":"the-mining-industrys-contribution-to-quebecs-gdp-a-jump-of-57-in-eight-yearsthe-mining-industrys-contribution-to-quebecs-gdp","status":"publish","type":"post","link":"https:\/\/amq-inc.com\/en\/the-mining-industrys-contribution-to-quebecs-gdp-a-jump-of-57-in-eight-yearsthe-mining-industrys-contribution-to-quebecs-gdp\/","title":{"rendered":"THE MINING INDUSTRY\u2019S CONTRIBUTION TO QU\u00c9BEC\u2019S GDP : A JUMP OF 57% IN EIGHT YEARS"},"content":{"rendered":"\n

Qu\u00e9bec City, November 26, 2024 \u2013<\/a> The <\/strong>Qu\u00e9bec Mining Association (QMA)<\/a> has released its latest survey of the economic benefits generated by the mining industry in Qu\u00e9bec. It covers the year 2022, using the most recent and complete data available. Between 2014 and 2022, the contribution made by the mining industry to Qu\u00e9bec\u2019s GDP jumped by 56.8% to a total of over $12 billion. In a single year, 2022, the industry invested $1.3 billion. The survey highlights the crucial and even vital contribution made by the mining industry in several administrative regions.<\/p>\n\n\n\n

An increasing number of jobs<\/strong><\/p>\n\n\n\n

The mining industry supports over 15,500 direct jobs, with an average annual wage of almost $118,000, more than double the median employment income in Qu\u00e9bec in 2022. The number of women working in the industry has increased by 57% in eight years, from 1,398 to 2,201 while the total number of workers from Indigenous communities has reached 456, an increase of 77% since 2014. Overall, the mining industry generates direct, indirect and induced employment totalling over 51,000 person-years in Qu\u00e9bec.<\/p>\n\n\n\n

A significant contribution to government revenue<\/strong><\/p>\n\n\n\n

The Qu\u00e9bec government collected $1.9 billion in revenue in 2022 thanks to mining, and the federal government $735 million. Both figures exclude corporate income tax. For Qu\u00e9bec, $562 million came from mining taxes, which have increased by 364% since 2014.<\/p>\n\n\n\n

An impressive business ecosystem<\/strong><\/p>\n\n\n\n

A total of 3,847 businesses, including several SMEs, with a place of business in Qu\u00e9bec are mining industry suppliers. This supplier network extends to all regions of Qu\u00e9bec. It is especially important in the Abitibi-T\u00e9miscamingue region, but is also prominent in several other areas, including the Montr\u00e9al, Mont\u00e9r\u00e9gie, Capitale-Nationale, Saguenay\u2013Lac-Saint-Jean and C\u00f4te-Nord regions.<\/p>\n\n\n\n

Key (but sometimes overlooked) mining regions \u2013 jobs and suppliers<\/strong><\/p>\n\n\n\n

    \n
  1. The Abitibi-T\u00e9miscamingue region continues to lead as the mining region with the most jobs (15,313 person-years of direct, indirect and induced employment) and suppliers (1,149).<\/li>\n\n\n\n
  2. Montr\u00e9al surprisingly ranks second in terms of jobs (9,729 person-years of direct, indirect and induced employment) and suppliers (657).<\/li>\n\n\n\n
  3. The Mont\u00e9r\u00e9gie region ranks third in terms of jobs (6,271 person-years of direct, indirect and induced employment) and suppliers (322).<\/li>\n<\/ol>\n\n\n\n

    Top 3 \u2013 Mining industry contribution to regional GDP<\/strong><\/p>\n\n\n\n

      \n
    1. C\u00f4te-Nord: 35.4%<\/li>\n\n\n\n
    2. Abitibi-T\u00e9miscamingue: 29.4%<\/li>\n\n\n\n
    3. Nord-du-Qu\u00e9bec: 18.2%<\/li>\n<\/ol>\n\n\n\n

      Press releases by mining region<\/strong><\/p>\n\n\n\n

      Abitibi-T\u00e9miscamingue<\/a><\/p>\n\n\n\n

      C\u00f4te-Nord<\/a><\/p>\n\n\n\n

      Nord-du-Qu\u00e9bec<\/a><\/p>\n\n\n\n

      Quote<\/strong><\/p>\n\n\n\n

      \n

      \u201cAll indicators in our survey show that since 2014 the mining industry has made a growing contribution to employment, the economy and government revenue in Qu\u00e9bec. In just one year, 2022, the industry paid $562 million to the Qu\u00e9bec government in the form of mining taxes. The number of regions that benefit from mining comes as a surprise to many people. The survey shows that the mining industry is diversifying, investing and taking its place at the heart of several regional economies.\u201d<\/p>\nJos\u00e9e M\u00e9thot, the Qu\u00e9bec Mining Association president and CEO<\/cite><\/blockquote>\n\n\n\n

      To view the survey highlights, click here<\/a>.<\/p>\n\n\n\n

      To view the full survey, click here<\/a>.<\/p>\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 51,334 jobs and $12 billion it contributes to Qu\u00e9bec\u2019s GDP. 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, November 26, 2024 \u2013 The Qu\u00e9bec Mining Association (QMA) has released its latest survey of the economic benefits […]<\/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-4663","post","type-post","status-publish","format-standard","hentry","category-communiques-de-presse-en"],"acf":[],"yoast_head":"\nTHE MINING INDUSTRY\u2019S CONTRIBUTION TO QU\u00c9BEC\u2019S GDP : A JUMP OF 57% IN EIGHT YEARS - 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\/the-mining-industrys-contribution-to-quebecs-gdp-a-jump-of-57-in-eight-yearsthe-mining-industrys-contribution-to-quebecs-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE MINING INDUSTRY\u2019S CONTRIBUTION TO QU\u00c9BEC\u2019S GDP : A JUMP OF 57% IN EIGHT YEARS - 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