The project of a generation: The Plan Nord


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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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The project of a generation: The Plan Nord

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