Rare Earth Mining in Quebec

Source: Resource Investing News (5/22/12)

"With an investor-friendly market environment coupled with 26 underground open-pit mines and over 300 sandpits, quarries and peat bogs, Quebec's mining industry has thrived over the past decade."

Resource Investing News

Quebec is the largest province in Canada and also hosts the second-largest population in the country. It boasts a strong and diversified economy that ranks among the most important in the world, and as a mining location it is becoming increasingly appealing to the exploration and investment communities.

The reasons behind Quebec's attractiveness include its strategic location, abundant resources, and highly-educated and skilled workforce.

An investor-friendly market environment coupled with 26 underground open-pit mines and over 300 sandpits, quarries, and peat bogs have resulted in the Quebec mining industry thriving over the past decade.

History of Mining in the Province

According to the Government of Quebec, the history of mining in the province dates back as far as the mid-1500s, when Jacques Cartier thought that he had found diamonds and gold on the slopes of Cap Diamant. However, upon returning to France he discovered that he had in fact found quartz and pyrite.

The first true mines did not open in the area until the 1840s, when several major mineral deposits were identified; the early 1920s marked the period when mining truly became established. The growth of the industry, which coincided with large-scale industrial expansion, quickly made the region an important source of minerals for the most highly-industrialized areas of North America. . .View Full Article

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