Examining Our Economic Contribution to Quebec.png

Examining our Economic Contribution to Québec

Author: Glencore Canada | Date: 11/06/2021

In the fall of 2020, Glencore Canada commissioned Aviseo Conseil to conduct an economic impact study on all its activities in the province of Québec. The study examined the Glencore ecosystem, which includes mining (Matagami Mine and Raglan Mine), smelting (Horne Smelter and General Smelting of Canada), as well as refining (CCR and CEZinc).

Our economic contribution to Quebec

$1.7B

in value-added annually to the economy

8,825

direct and indirect jobs supported

$110,000

average yearly salary of our employees

$420M

net impact on trade balance

$800M

in contracts awarded to Québec-based suppliers

Together, these six industrial sites produce resources required by a modern society and by a society demanding a low-carbon future. These metals and minerals are used to manufacture a number of technologies, including green technologies, thereby contributing to the fight against climate change.

20210501 Matagami Mine and Raglan Mine Earn Position of Canadas Safest Mine Operation - Matagami Mine Site.jpg
20210501 Matagami Mine and Raglan Mine Earn Position of Canadas Safest Mine Operation - Raglan Mine Site.jpg
Our mining assets in the province of Québec include Matagami Mine (Matagami) and Raglan Mine (Nunavik).
General Smelting of Canada - Site shot - Two column.jpg
Horne Smelter - Site - Two column.JPG
Our smelters in the province of Québec are comprised of General Smelting of Canada (Lachine) and the Horne Smelter (Rouyn-Noranda).
CCR - Site - Two column.jpg
CEZinc - Site - Two column.jpg
Our refineries in the province of Québec are comprised of CCR (Montreal-East) and CEZinc (Salaberry-de-Valleyfield).

As such, the production of these metals and minerals supports Québec’s Plan for a green economy as we produce ten of the 22 critical and strategic metals Québec has defined as indispensable for key sectors of its economy given the shift to green technologies.

Beyond producing the critical and strategic metals modern society requires, these sites make other meaningful societal contributions and serve as economic drivers for their immediate communities and beyond.

Our Economic Contribution to Québec

We invite you to read the summary of the economic impact study on our integrated ecosystem in the province.