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ARTICLE · 22 MAY 2013

Beyond Mining Royalties: Environmental Protection, Transparency And Northern Development

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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In the midst of the recent and long-awaited announcement of the new Quebec mining royalties regime, the government also announced that it intends to adopt measures aimed at improving environmental protection and increasing transparency as it relates to mining activities.

CanadaEnergy and Natural Resources

In the midst of the recent and long-awaited announcement of the new Quebec mining royalties regime, the government also announced that it intends to adopt measures aimed at improving environmental protection and increasing transparency as it relates to mining activities. In addition, the government announced its priorities for northern development.

Environmental Protection

With respect to environmental protection, the government announced the following measures:

Increased financial guarantee for mine restoration. The new environmental protection measures include the previously announced changes to the mine restoration regime that were included in a Draft Regulation published on February 13, 2013. The proposed amendments seek to increase the amount of the financial guarantee required to secure mine restoration costs, and accelerate the payment schedule for the guarantee. For more information on this, please consult our February 2013 Blakes Bulletin: Quebec to

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