From 23 – 25 May, the Minister of Energy and Natural Resources and Minister responsible for the Plan Nord, Mr Pierre Arcand, undertook a mission to London.
Minister Arcand at the luncheon
L-R: William Swords (President, Canada - United Kingdom Chamber of Commerce), Minister Arcand, Agent-General Christos Sirros, Bryan A. Coates (President, Osisko Gold Royalties), Jean Sébastien Couillard (Chief Finance Officer, ArcelorMittal Mining Canada)
Minister Arcand, Mr Sauvé and the représentatives of Hydro-Québec meet the members of staff of the Delegation
Accompanied by Robert Sauvé, CEO of the Société du Plan Nord, Minister Arcand took advantage of his visit to Europe’s financial capital to meet various investors interested in developing the mining potential of Québec’s northern regions. The highlight of the minister’s mission was his participation in a luncheon organised by the Canada – United Kingdom Chamber of Commerce, which brought together some one hundred people interested in the Plan Nord.
Minister Arcand was also accompanied by representatives of Hydro-Québec who, in particular, discussed best practices in the field of energy transition with UK-based partners.
The mining industry is an economic sector of great importance to Québec. Indeed, the sector generates on average almost $3 billion CAD each year in investments and both directly and indirectly supports 30,000 jobs. In 2015 alone, the value of shipments originating from Québec’s mining sector totalled $7.7 billion CAD.
Québec’s mining industry represents:
• A diversified production of 28 different minerals (15 metals and 13 industrial minerals)
• The potential to also produce a range of emergent metals and minerals, including lithium, graphite and rare earths, that lie at the heart of strategic sectors of the future
• 23 active mines and almost 30 mining projects.