Quebec’s new mining regime?

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Jim Middlemiss at the National Post has a good rundown here on the stakes surrounding Quebec’s proposed Bill-79 which, if passed, will introduce some key changes to the province’s Mining Act. The title of the article, in typical headline writing fashion, plays up the fact that Quebec is at risk of losing its status as a mining haven. But even the lawyers interviewed in the article seem to acknowledge that there is a lot of good that can come out of the proposed changes, provided the parameters can be better defined, particularly with respect to public consultations and provisions governing the eventual closure of mines. It’s pretty much common sense to anyone that the province and industry should be working together to find ways companies can best finance their obligations to close the mine in a faraway distant future.