Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The Canadian province of Quebec unveiled a scaled-back version of its long-touted plan to develop its vast, mineral-rich north on Wednesday as investor interest has waned due to weak commodity prices, particularly for iron-ore. The provincial government said it now expects its Plan Nord to attract C$50-billion in investment for the northern region of the French-speaking province over the next 20 years, down from its 2011 forecast of C$80-billion.
The Canadian province of Quebec unveiled a scaled-back version of its long-touted plan to develop its vast, mineral-rich north on Wednesday as investor interest has waned due to weak commodity prices, particularly for iron-ore. The provincial government said it now expects its Plan Nord to attract C$50-billion in investment for the northern region of the French-speaking province over the next 20 years, down from its 2011 forecast of C$80-billion.
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