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Canadian Malartic mine
Canadian Malartic mine
(Daniel Rompre/Osisko)

Tallying Quebec’s self-inflicted mining wounds

A few years ago, Quebec was the belle of the ball for prospective mining investors. Now, it seems, its Parti Québécois government’s policy positions are well on their way to making the province a wallflower.

A new global survey of mining companies, from Canadian economic think tank the Fraser Institute, shows that Canada in general remains highly desirable for mining investment. Seven Canadian jurisdictions rank in the top-16, out of 112 global jurisdictions, in terms of overall mining investment attractiveness, a measure that combines the quality of the mineral potential and the receptiveness of government policy. (Newfoundland and Labrador, ranked 3rd in the world, is Canada’s highest-ranked jurisdiction.) Also, five provinces rank in the top-20 in a list of jurisdictions with the most investment-friendly government policies (led by Alberta, at No. 3).