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Richmont Mines Inc. Message Board

  • deviateur deviateur Feb 8, 2013 10:20 PM Flag

    Quebec to raise taxes on miners

    Quebec’s government will hold a consultation meeting with members of the mining industry on March 15 to discuss mining royalties, Québec Finance Minister Nicolas Marceau said on Friday.

    The meeting will give miners operating and exploring in Québec an answer on whether or not mining royalties will rise in the province.

    "Our government understands the importance of mining for Québec. However, the minerals market is not what it was 10 years ago and we must adjust to maximize Québecers benefiting from what is theirs," Marceau said at the Board of Trade of Metropolitan Montréal's second annual forum on natural resources.

    Marceau said he understands royalties will affect companies differently as Québec has a unique array of metals. The March 15 meeting will investigate the best ways to go forward with how to change mining royalties in the province.

    No set date was given on when, if any, the changes would actually occur.

    Sentiment: Buy

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