Value of Québec mineral shipments rose 3.3% in 2013 and could total over $10 billion in 2014

Québec, April 11, 2014 – According to preliminary data, in 2013, the value of Québec mineral shipments stood at $8.30 billion, a 3.3% increase compared with 2012. Metallic minerals including iron ore, gold, nickel and copper accounted for 76.8% ($6.38 billion) of shipments value. This was revealed by the Institut de la statistique du Québec in the Preliminary 2013 survey on mineral production in Québec.

Four administrative regions shared 88.0% of shipments value in 2013: Côte-Nord ($2.92 billion), Abitibi-Témiscamingue ($1.60 billion), Montérégie ($1.48 billion) and Nord-du-Québec ($1.31 billion).

The two main commodities mined in Québec remained iron and gold, which respectively accounted for 34.7% ($2.88 billion) and 20.4% ($1.70 billion) of the total value of mineral shipments.

Employment in the mining sector reached 19,273 person-years in 2013—an increase of 9.0% compared with 2012. Of this number, 4,326 jobs (22.4% of the total) are related to ferrous metal mines, i.e. iron ore and ferro-niobium. Gold mines (3,912 jobs, 20.3%) and the smelting and refining sector (3,216 jobs, 16.7%) are also major employers in the mining sector.

Through appraisal and development of new mineral deposits, and despite a widespread metal prices decline in 2013, the value of reserves of metal mines in Québec grew by 13.3% compared to 2012, reaching $50.1 billion on December 31, 2013.

Intentions for 2014: a strong increase is expected

If metal and mineral prices remain at 2013 levels, mineral shipments in 2014 could see an increase of just over 20% and pass the $10 billion mark, an all-time high for Québec. According to intentions expressed by the mining companies, this growth would be primarily due to increased shipments of iron ore, nickel and gold.

For more information, related data and tables are available on the Institut’s website.



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Sources:

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    Institut de la statistique du Québec
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