(Kitco News) - Quebec remains a major player in the global mining sector; however, if it wants to remain a world leader, it needs continued government support, according to Eric Lemieux, an independent mining analyst with EBL Consultants.
On the sidelines of the Xplor mining conference in Montreal, Quebec, Lemieux said that if Quebec is to realize its full potential, it needs the continued government support. He added that he hopes the government has learned important mistakes from the past. Nearly ten years ago, the Quebec government at the time suspended uranium exploration throughout the province. Lemieux noted that decision has proven to be shortsighted as demand for the energy metal has grown over the last few years.
Lemieux said that he sees a similar scenario brewing as Quebec looks to develop its critical minerals sector. He said that governments should put in place parameters mining companies must follow but ultimately let them develop the province’s vast resources.
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