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ARTICLE · 13 MARCH 2013

Forum On Mining Royalties: Hybrid Regime?

Lavery
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One week before the Forum on mining royalties, the government of Quebec released a consultation document to feed the discussions that will take place during this event.

CanadaEnergy and Natural Resources
Jean-Philippe Latreille
Jean-Philippe Latreille

One week before the Forum on mining royalties, the government of Quebec released a consultation document (available in French only) to feed the discussions that will take place during this event.

The government sets out in this document its intention to increase the royalty rate applicable in Quebec. In particular, it deplores the fact that half of the mining companies operating in Quebec did not pay royalties in 2011. In addition, in the government's view, the society has not benefited adequately from the exploitation of mineral resources, in light of the high commodity prices since the early 2000s.

The reform of the mining royalty regime that the government is committed to implement will be guided by two principles:

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