According to a study conducted by Raymond Chabot Grant Thornton, the BlackRock metals mining project in Chibougamau would have a positive economic impact.
On July 16, 2018, Éric Dufour, Vice-President – Saguenay–Lac-Saint-Jean, Chibougamau and Côte-Nord, presented his memoir during the Bureau d’audiences publiques sur l’environnement (BAPE) consultation regarding the BlackRock mining project.
Éric presented data from Raymond Chabot Grant Thornton’s economic impact study.
During the construction phase (mining and factory):
- 4,164 jobs will be supported;
- The impact on Quebec GDP will be $438 M.
For the operations phase (mining and factory):
- 1,058 jobs will be supported on average every year;
- The impact on Quebec GDP will be $20,237 M on the life of the project, estimated to be 42.5 years.
Environmental authorization is the only thing missing before deploying this ferrovanadium mining project in the Chibougamau region and the construction of a cast iron production facility on the Grande-Anse à Saguenay industrial port site, at a cost of $1B.
Éric Dufour highlighted the positive impacts of this project on regional entrepreneurship, immigration and labour to the BAPE. He emphasized the mining project’s structuring effects on the Quebec economic ecosystem: it will increase collective wealth and enable us to invest more in our social, health and education systems.