Québec ranks first for mining potential

Monday, April 26, 2010

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Mining industry leaders have ranked Québec number one in the world list of places for mining exploration and development, according to the annual survey conducted by the Fraser Institute, an independent Canadian research organization. The survey seeks to determine the best place in the world for mining investment. Québec topped the survey for the third year in a row.

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The results reflect the opinions of mining industry executives from around the world, who were asked to evaluate 72 regions based on two criteria: mining policies and mineral potential. Québec had the highest overall score, with the highest ranking for mining policies and the second-highest for mineral potential.

“In the view of mining industry executives, Québec continues to outperform the competition thanks to the provincial government’s policies, which reduce the investment risk associated with long-term projects,” said Fred McMahon, coordinator of the survey.

According to Serge Simard, Québec’s Minister of Natural Resources and Wildlife, a number of factors contributed to the result, including Québec’s mineral potential, a diverse and accessible geoscientific database and a dynamic cutting-edge approach. Mr. Simard also noted the adoption in the past year of Québec’s very first Mineral Strategy.

Québec’s Mineral Strategy