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Message: Quebec miners endure added expense

MINING

Quebec tax hike targets miners as slump hits industry

RHÉAL SÉGUIN, SOPHIE COUSINEAU,

QUEBEC, MONTREAL — The Globe and Mail

Published Monday, May. 06 2013, 7:49 PM EDT

Last updated Monday, May. 06 2013, 7:56 PM EDT


The Quebec government is boosting its take from a mining sector already beset by a global downturn, introducing minimum royalty payments and other tax increases aimed at generating up to $200-million a year.

Those increases are less than what the Parti Québécois promised during last’s year’s election campaign – an acknowledgment, the government said, that the drop in commodity prices meant it had to scale down its plans for increasing revenue from the sector.

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