Unlikely, according to Eric Lemieux, equity analyst with Laurentian Bank Securities. In this exclusive interview with The Gold Report, Lemieux says that even if the PQ tweaks current policy, it will take time.
Vale was granted a preliminary environmental license for the new mine in June, but the $100 billion company has run into problems with the project before.
A new set of regulations for prospectors and mining companies working claims in Northern Ontario, Canada, which goes into effect Nov. 1, is already stirring some controversy as First Nations claim still allows claims anywhere companies want.