MINERAL STRATEGY

Creating wealth and preparing for the future of the mineral sector

The mineral sector is an engine for Québec’s growth and for employment in the regions. Québec will build on innovation, research, entrepreneurship, the training of labour force, and improved knowledge of its mineral potential to create wealth and prepare the future.

This means:

  • opening up new territories in Northern Québec;
  • optimizing the mineral potential of regions;
  • diversifying mined mineral resources.
Institut National des Mines

To better coordinate the efforts of Québec's teaching institutions and industry, the


Iron Ore Company of Canada

government has established the Institut National des Mines. The mission of the Institut National des Mines is to support the government in fulfilling its educational responsabilities in the mining sector.
Mining Heritage Fund

Iron Ore Company of Canada
 

In order to develop the means to achieve its ambitions, the government has created the Mining Heritage Fund. The fund will be used to

  • Carry out work to improve knowledge of mineral potential
  • Support research projects and the development of new technology
  • Foster diversification of the mineral substances in Québec
  • Promote the development of Québec entrepreneurship

The Fund will be financed in part by the mining royalties collected from mining companies. The Fund will provide $200 million in funding over ten years and the portion of the Fund dedicated to geoscientific acquisition will be $120 million for the same period.

Policy Directions

Priorities

Investing for the future

Increasing mineral development in Northern Québec

Optimizing the mineral potential of regions

Improving the geological inventory of copper

Diversifying mined mineral resources

Enhancing competitiveness and increasing economic benefits

Ensuring a fair return on mineral resource mining

Supporting research and innovation

Strengthening support to business

Supporting Québec mining entrepreneurship

Meeting the need for workers

Enhancing education and training opportunities

Promoting employment in the mineral sector

Providing support for worker adaptation

Paving the way

The Mining Heritage Fund


Iron Ore Company of Canada