Global Business Reports

Climate Impact & Sustainability Data (2024)

Numerous mines are transitioning to low-fossil-fuel operations and implementing electrification strategies.
Several mines are implementing ventilation-on-demand technology and commissioning electric trucks to improve energy efficiency.
Initiatives to develop recycling technologies for lithium-ion batteries are underway.
Focus on water management and wastewater treatment to meet stricter regulatory frameworks.

The government is working on modernizing the Mining Act to improve transparency and early communication with local communities.
Efforts to strengthen communities through economic development and provide affordable housing.
Collaboration agreements between mining companies and First Nations to ensure community benefits and social acceptability.

Amendments to the Mining Act to ensure mining companies go through the BAPE process (public hearings).
Municipalities will have the final say on withdrawing mining exploration activities from certain areas.
ESG criteria have been embedded in all Québec projects for decades.

Long-term Goals:

Achieve carbon neutrality by 2050.
Become a uniquely integrated player in North America's critical minerals supply chain.
Develop a cost-effective alternative to China’s rare earth supply.

Medium-term Goals:

Achieve full production at several mines, including Windfall, Horne 5, and Gaspé Copper.
Complete pre-feasibility and bankable feasibility studies for the Strange Lake project.
Complete PFS and BFS for Ashram project and begin commercial production by 2028.

Short-term Goals:

Complete construction of Nemaska and Nouveau Monde Graphite processing plants and mines.
Begin small-scale production at Abcourt Mines’ Sleeping Giant project.
Advance the Windfall project through the EIA project review process.
Complete a drill program and PEA at Gaspé Copper.

Modernization of the Mining Act to improve social acceptability and transparency.
Development of a C$2.6 billion investment plan for the Northern territory, focusing on infrastructure.
Launch of NQ Investissement Minier, an investment fund aimed at financing promising projects in Nord-du-Québec.
Efforts to attract investment to the battery supply chain sector.
Plans to build new dams and optimize existing electricity production facilities.
Implementation of innovative reclamation techniques and enhanced regulatory oversight.
Ground improvement techniques to stabilize tailings dams and structures.
Environmental remediation efforts to address contamination from legacy mining operations.
Proactive approach to water management and wastewater treatment.
Increased use of AI and machine learning to optimize operations and reduce costs.

Initiatives to promote renewable energy, sustainable mining practices, and reduce greenhouse gas emissions.

LaRonde complex won the 2024 Towards Sustainable Mining® Environmental Excellence Award