Two massive new mining developments in northern Quebec will bring in $640 million of investment and create 4,600 jobs in the short-term, mostly for non-Natives.
Metall Mining, based in Toronto, has announced it will spend $150 million on its Troilus mine, in the Mistissini Cree Territory. The mine will produce 10,000 tonnes of gold, silver and copper over its 14-year life, starting in 1997. The Mistissini First Nation is to receive $ 1 million over 10 years from Metall.
Falconbridge Ltd., also of Toronto, plans to spend $486 million on the Raglan nickel and copper mine near Kuujjuaq. Under a deal signed with Makivik Corp., the Inuil will receive $14 million in guaranteed payments and up to $61 million more in profit-sharing over an 18-year period from this mine.
