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After tumbling in the rankings in recent years, Quebec has re-established itself as one of the world’s most attractive mining jurisdictions, according to the Fraser Institute’s annual survey of the mining industry made public Tuesday.

The province jumped to sixth spot in the 2014 rankings for investment attractiveness after finishing 18th the year before. The survey rated 122 jurisdictions around the world “based on their geological attractiveness and the extent to which government policies encourage exploration and investment.”

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Quebec sat on top of the international rankings from 2007 to 2010 but then dropped as industry perceptions of the province turned negative. Increased red tape, royalty hikes and uncertainty surrounding new environmental regulations all took their toll.

But a change of government in Quebec seems to have helped turn those perceptions around.

The confidence mining executives now have in Quebec is due in part to the province’s proactive approach to mining policy

“The confidence mining executives now have in Quebec is due in part to the province’s proactive approach to mining policy and its Plan Nord strategy to encourage investment and mineral exploration in northern Quebec,” said Kenneth Green, the Fraser Institute’s senior director of energy and natural resources.