The right equipment can be the difference between hitting your targets and wasting time and resources. Carminex has been providing aggregate equipment solutions to mining and quarry operations around the world for over 25 years As the mining industry rises in Quebec, we are proud to be supplying more equipment closer to home.
Quebec’s Mineral Supply
Quebec is home to the most diversified natural resources in all of Canada, including 15 metals and 13 minerals. This includes rare metals such as lithium, gold, nickel, niobium, titanium dioxide, cobalt, and platinum. The province is also Canada’s biggest producer of zinc and iron concentrate and its second largest producer of gold.
Technology has driven the demand for lithium, nickel, and cobalt up as these are key metals in creating everything from phone batteries to electric vehicles. It is predicted that the number of electric vehicles on the road will hit 130 million globally by the year 2030 – a massive increase from 3.7 million in 2017. Since the essential metals to our current technological needs can all be found in Quebec, it’s easy to see why the province is becoming a popular spot to set up new mining operations.
Quebec is also responsible for one-third of Canada’s annual aggregate production including limestone, granite, sandstone and marble. The crushed stone is mainly used by the construction industry for asphalt and concrete aggregate.
Quebec’s government is very open to mining exploration. Currently, only 5% of the province’s vast area has exploration rights assigned, leaving great opportunities for finding new deposits.
There are a number of tax incentives for companies that engage in mining exploration as well, creating a welcoming environment for new mining operations. The combined tax rate for corporations is 26.8%, one of the lowest in North America.
Get The Most Out Of Your Mine
A study from the Fraser Institute found that Quebec is ranked 6th worldwide when it comes to mining attractiveness and it’s easy to see why. Valuable mineral deposits, a favourable business environment, and quality aggregate equipment suppliers can all be found in the province. For the best mining solutions, contact an aggregate expert at Carminex today or call 1.450.922.0900.