RE: RE: Drill Program Completed at AshramThis is from a article in the Globe and Mail:
Mining
Map of Northern Quebec's Existing Infrastructure. © Globe and Mail
Nickel, cobalt, gold, platinum, iron, and ilmenite ore are all currently produced in Quebec. Diamond, uranium, and rare earth metals could also be potentially viable commodities, demonstrating the richness of the province’s mineral resources.The Plan Nord pinpoints 11 new mining projects underway, which will bring over $8 billion to the region. One such example is Xstrata’s Raglan mine in Nunavik, which produces nickel and copper and is permanently linked by all-weather roads to an airport in Donaldson and a port in Deception Bay. Xstrata has also partnered with the local Inuit population, prioritizing them in hiring and working with them to carry out environmental impact studies. Last year, the Inuit received $80 million in the form of income, contracts, and profits from Xstrata. Tata Steel and Goldcorp are two other industry giants which are participating in Plan Nord. With new investments in mining, the government foresees that 11,000 new jobs will be created during construction, along with 4,000 permanent mining-related jobs. One caveat, though, is that the provincial government has increased royalties for mining, which could possibly deter new investments.