Mining Weekly is South Africa’s premier source of weekly news on mining developments in Africa’s most important industry. Mining Weekly provides in-depth coverage of mining projects and the personalities reshaping the mining industry. In order to advance Mining Weekly’s objective of positioning itself as a leading global provider of mining news, a full-time correspondent is based in Toronto, Canada and another in Perth, Australia.
TORONTO – The Canadian province of Quebec plans to develop its huge frozen northern reaches into a powerhouse of mining and renewable energy, targeting C$80 billion ($83 billion) of private and public investment.
Quebec’s 25-year “Plan Nord,” launched on Monday, envisages funding for infrastructure, mines and the development of renewable energy, taking advantage of an improving investment climate as the earth warms and polar ice melts.
Quebec says the region has abundant deposits of nickel, cobalt, platinum group metals, zinc, iron ore, ilmenite, gold, lithium, vanadium and rare-earth metals. “Northern Quebec has incomparable mining potential,” Natural Resources Minister Serge Simard said in a release.