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TAXES: Opposition grows to increases in Quebec mining royalties

QUEBEC – A public petition circulated by the Quebec Mining Association calling on the Quebec government to review its plan to change the mining tax regime in the province has been signed by over 10,000 people.


QUEBEC – A public petition circulated by the Quebec Mining Association calling on the Quebec government to review its plan to change the mining tax regime in the province has been signed by over 10,000 people.

“The fact that 10,000 people have taken the time to sign the petition to indicate their support for the mining industry shows that the population is on our side and that people appreciate the positive impact of our industry in Québec. It is interesting to note that the messages of support we have received come from all across Québec, and not just from the mining regions,” says Josée Méthot, QMA president and CEO.

The QMA made a point of using plain language. The petition reads: “I am not against mining royalties, but I believe they must allow a form of mineral resource development that is profitable and economically acceptable. A change to the current tax regime could lead to mine closures and the postponement of several key projects; it could also drive away investors and lead to a loss of jobs throughout Québec. I am therefore opposed to any change to the mining tax system.”

The QMA believes that as the exploration and mining industry no longer considers Quebec the best place to do business, the risk of lost investment is real as are the long term consequences to the province’s economic well being.

CMJ readers wishing to sign the petition may do so at AMQ-inc.com.


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