How would you describe the current state of mining in Eastern Canada?
First, many existing mines continue producing, and some are expanding. Those mines result from considerable past and ongoing investments in infrastructure by some of the world's largest mining companies. In Canada, Quebec, Labrador and Nunavut are the largest iron ore producers.
Quebec is Canada's second largest gold producer, and gold exploration is where a lot of activity in Eastern Canada occurs. In Newfoundland, for example, we see a real gold rush, with many companies investing in exploration. One mine in Newfoundland is in this exploration phase and is said to potentially become one of the largest gold mines in the world. We also see a lot of potential reviving in the Chibougamau area.
Another trend that's getting much attention is a growing interest in minerals used in battery production, such as graphite, phosphate and lithium.