The project of a generation: The Plan Nord

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Objective Capital's Global Resources Investment Conference 2011 …

Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 4: Resource nationalism – balancing politics and mining
Speaker: Pierre Boulanger, Quebec Gov't in London

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  • 1. The project of a generation: The Plan Nord
    Pierre Boulanger – Quebec Gov’t in London
  • 2. @Objectivelive
    GLOBAL RESOURCESINVESTMENT CONFERENCE 2011
    Lead sponsor:
    Media partners:
    Other sponsors & participating organisations:
  • 3. Global Mining Investment Conference 2011- London
  • 4. Global Mining Investment Conference 2011 - London
    The Project of a Generation Opening Northern Québec:The Plan Nord
    Mr. Pierre Boulanger
    Agent General
    September 27th 2011
    Québec Government Office in London
    1
  • 5. An overview
    • Québec is the largest province in Canada
    • 6. Area 1.6 million km2
    • 7. 6 X the UK
    • 8. Population 7. 9 million
    • 9. 23% of the population of Canada
    Québec Government Office in London
    2
  • 10. Hydro-Québec
    a key advantage for Québec
    Comparative electricity prices- large corporation rate
    Québec Government Office in London
    3
  • 11. Québec mining Industry
    • 2011 projected investments:
    2.9 billion $ CAD, up 17 % over 2010
    • Approximately 300companies active
    in exploration and exploitation
    Québec Government Office in London
    4
  • 18. The annual Survey of Mining Companies 2010/2011
    by the Fraser Institute.
    • ‘Québec has the world's fourth most attractive jurisdiction for mineral exploration and development’.
    Québec Government Office in London
    5
  • 19. The annual Survey of Mining Companies 2010/2011by the Fraser Institute.
    Québec Government Office in London
    6
  • 20. The annual Survey of Mining Companies 2010/2011by the Fraser Institute.
    Québec Government Office in London
    7
  • 21. The territory covered by Plan Nord
    North of the 49th parallel
    72% of Québec'sgeographic area(1.2million km2, 4 X the UK)
    1.6 % of the population of Québec (120 000 inhabitants)
    Québec Government Office in London
    8
  • 22. THE PLAN NORDThe vision
    An exemplary sustainable development project that integrates energy, mining, forest, bio-food, tourism and transportation development, the development of wildlife, environmental protection and the preservation of biodiversity.
    It will foster development for the benefit of the communities concerned and Québec as a whole, in a spirit of respect for cultures and identities.
    Québec Government Office in London
    9
  • 23. An approach centred on aninnovative partnership
    Outcome of over 60 meetings in which nearly 450 people participated in order to develop the approach:
    The government, communities, the private, institutional and environmental sectors.
    The Plan is a project that will span 25 years and comprise five five-year action plans
    47 billion $ CAD for renewable energy
    33 billion $ CAD for mining sector and infrastructure
    ————
    Total: 80 billion $ CAD
    Québec Government Office in London
    10
  • 24. The objectives of the Plan Nord
    Ensure community well-being and development
    Harness Northern Québec's enormous economic potential
    Make Northern Québec accessible
    Protect the environment.
    Québec Government Office in London
    11
  • 25. Ensure community well-being and development
    Numerous challenges to be met. Some examples:
    Establish multi-purpose centres to offer occupational training
    Establish a northern home base for Hydro-Québec employees
    Build 840 housing units in Nunavik
    Improve telecommunications infrastructure for telemedicine
    Develop higher education services (training and research).
    Québec Government Office in London
    12
  • 26. Harness Northern Québec's enormous economic potential
    The territory that the Plan Nord covers has outstanding potential for developmentin the following sectors:
    Energy
    Mining
    Forestry
    The development of Northern Québec will engender investment, jobs and other spinoffs in the other regions.
    Wildlife
    Tourism
    Bio-food
    Québec Government Office in London
    13
  • 27. Projected employment and economic spinoffs
    20 000 jobs a year (500 000 man-years over 25 years)
    14 billion $ CAD in revenues for the government over 25 years
    162 billion $ CAD added to Québec’s GDP during that time.
    Québec Government Office in London
    14
  • 28. Hydroelectric development in Northern Québec
    24 000 MW are already installed in the territory that the Plan Nord covers.
    Some 97% of the proposed 4 500 MW under the Québec Energy Strategy 2006-2015 are located in the territory that the Plan Nord covers.
    Québec Government Office in London
    15
  • 29. Plan Nord: 3 500 additional MW of renewable energy
    3 000 MW of hydroelectricity
    300 MW of wind power
    200 MW from other renewable sources
    • Underwater generators
    All told:
    • 25 $ billion in investments
    • 30. The equivalent of 75 000 jobs(man-years)
    The plan reflects our determination to make Québec the world leader in clean energy.
    Québec Government Office in London
    16
  • 31. Mining development is central to the Plan Nord
    Existing production in Northern Québec
    Nickel
    Cobalt
    Platinum group metals
    Zinc
    Iron ore
    Ilmenite
    Gold
    Other metals and minerals
    Diamonds
    Uranium
    Lithium
    Vanadium
    Rare- earth metals
    Québec Government Office in London
    17
  • 32. Mining development is central to the Plan Nord
    Ensure mining development is geared to sustainable development. Mining operations in the sector:
    Generated nearly 1 billion $ CAD in investments in 2009
    Account for over 35 000 jobs in Québec, i.e. 10 000 in the territory that the Plan Nord covers and 25 000 in the other regions.
    Eleven new projects will be under development in the territory that the Plan Nord covers in the coming years, which will generate over 8 billion $ CAD in investments and create 4 000 jobs.
    Québec Government Office in London
    18
  • 33. Recent mining investment announcements
    ‘Arcelor Mittal launches 2.1 billion $ CAD investment and the creation of 8 000 jobs’.
    May 20th, 2011
    ‘Rio Tinto subsidiary to invest 800 million $ CAD in Québec facilities’.
    May 27th, 2011
    ‘Jilin Jien Nickel Industry to invest an additionnal 400 million $ CAD in Kangiqsujuaq for total of 800 million $ CAD’.
    August 29th, 2011
    Québec Government Office in London
    19
  • 34. Other economic aspects of the Plan
    Forestry
    Reforest
    Optimise harvesting
    Promote northern architecture
    Wildlife resources
    Migrating caribou herds
    Renowned fishing and salmon rivers
    186 outfitters in operation
    Tourism
    Clientele seeking new destinations
    Respect for nature and cohabitation with northern peoples
    New infrastructure
    Bio-Food
    1.5 million hectares of arable land
    Development of industry (blueberries, etc.)
    Northern greenhouses
    Québec Government Office in London
    20
  • 35. Société du Plan Nord: make northern Québec accessible
    Integrated development of the transport network
    Establishment of partnerships with investors who require transport infrastructure
    Projects are already under way or impending:
    Upgrading of northern airports
    Construction or rebuilding of four major roads
    Studies to link the North from the 55th parallel to the South (Kuujjuaq and Whapmagoostui-Kuujjurapik).
    Québec Government Office in London
    21
  • 36. Transport infrastructure
    Québec Government Office in London
    22
  • 37. 50% of the territory that the Plan Nord covers will be devoted to purposes other than industrial ones, environmental protection and safeguarding biodiversity
    The government will adopt legislation following consultations
    Increase the network of protected areas to reach the target of 12% by 2015
    Over 31 000 km2 will be added to the network
    Québec Government Office in London
    23
    Protect the environment
  • 38. A government corporation to carry out an ambitious plan
    Establishment of the Société du Plan Nord, with a mandate, in particular, to:
    Coordinate public investment in strategic infrastructure and in the social sector
    Coordinate the implementation of projects included in the first five-year action plan
    Negotiate financing packages in respect of the projects for which it is responsible
    Offer local and First Nations communities guidance and support to carry out their own community and social development projects.
    Québec Government Office in London
    24
  • 39. The Plan Nord financial framework
    Establishment of the Fonds du Plan Nord, announced in the 2011-2012 Budget
    Realisation of the first five-year action plan: investments totalling 2.1 billion $ CAD
    1.2 billion $ CAD for infrastructure
    382 million $ CAD for socioeconomic measures
    500 million $ CAD allocated to Investissement Québec for equity participations.
    Québec Government Office in London
    25
  • 40. Benefits for all: Quebecers and investment partners
    Over the next 25 years, the Plan Nord will bring the following benefits:
    A minimum of 80 billion $ CAD in private and public investments
    20 000 jobs, on average, created or maintained each year, equivalent to 500 000 man-years
    The investments will add 162 billion $ CAD to Québec's GDP, a significant impact.
    Québec Government Office in London
    26
  • 41. Thank you!
    Québec Government
    Office
    1 Heddon Street,
    London
    W1B 4BD
    United Kingdom
    + 44 (0) 20 7766 5900
    www.quebec.org.uk