* Quebec aims to attract C$80 billion in investment
* Province wants mines, renewable energy projects
* Quebec says it has incomparable mining potential
By Julie Gordon
TORONTO, May 9 The Canadian province of Quebec
plans to develop its huge frozen northern reaches into a
powerhouse of mining and renewable energy, targeting C$80
billion ($83 billion) of private and public investment.
Quebec's 25-year "Plan Nord," launched on Monday, envisages
funding for infrastructure, mines and the development of
renewable energy, taking advantage of an improving investment
climate as the earth warms and polar ice melts.
Quebec says the region has abundant deposits of nickel,
cobalt, platinum group metals, zinc, iron ore, ilmenite, gold,
lithium, vanadium and rare-earth metals.
"Northern Quebec has incomparable mining potential,"
Natural Resources Minister Serge Simard said in a release.
"The opening up of vast, previously unexplored territories
is paving the way for unprecedented economic growth."
Plan Nord covers an area of 465,000 square miles (1.2
million square km), roughly the size of the whole of South
Africa. The sparsely populated region has 11 mining projects in
development now and over C$8 billion in mining investment.
"(Plan Nord) will create or consolidate 20,000 jobs a year,
on average, and generate C$14 billion in revenue for the
government and Quebec society," said Premier Jean Charest.
Quebec aims to attract C$47 billion in private and public
investment for renewable energy and C$33 billion for mining and
infrastructure. It will amend its mining regulations to ensure
the government gets "fair economic return" from its resources
in the largely untouched region.
The government conceded that "the vastness of the northern
territory poses a daunting challenge from the standpoint of
access and transportation and communications infrastructure."
The region is also already to more than 75 percent of
Quebec's hydroelectric power. Plan Nord envisages an additional
3,500 MW of additional "green" power, primarily through
hydroelectric dams, with a small amount being generated through
wind turbines and underwater generators.
Quebec also predicted environmental and social benefits,
with 50 percent of the territory set aside for nonindustrial
purposes, including new provincial parks and environmentally
The government will spend C$382 million over five years on
housing, health and education for local communities.
(Additional reporting by David Ljunggren; editing by Janet