Overview

The Lac à Paul Project

The Lac à Paul project consists of the operation of an open-pit phosphate mine in the Saguenay-Lac-Saint-Jean region of Quebec. Every day, 55 000 tonnes of ore will be processed in order to produce 3 million tonnes of phosphate concentrate per year. Approximately 1000 jobs will be created for the 25-year life of mine.

The first phosphorus showings at Lac à Paul were discovered, by accident, in 1997, but it was only recently, in 2008, after ore prices and global demand for fertilizer had increased, that the Company made the efforts necessary to develop the project.

Lac à Paul Mining Project

On October 25, 2013, Arianne Phosphate released the completion of the feasibility study of its Lac à Paul Phosphate Mine Project. The FS outlines an open pit mine, a concentrator producing a high quality apatite concentrate, as well as a transport system delivering the product, year round, to a deep-water port on the Saguenay River.

In late June 2013, the Environmental Impact Assessment (EIA) for the proposed mine was filed for evaluation with the Ministère du développement durable, de l’environnement, de la faune et des parcs (MDDEFP). This is a major milestone in the project’s journey toward startup of the Lac à Paul phosphate mine. Since then, the project has continued to evolve to be improved with the goal of presenting a project with a lower impact.

The Bureau d'audiences publiques sur l'environnement public consultation sessions were held in spring of 2015.  The Minister of the Environment made the BAPE's report public on October 23, 2015.

Arianne Phosphate completed the permitting process by receiving the approval from the Cabinet of the Government of Quebec for the Lac à Paul project on December 22, 2015, which gives the permission it needs to go ahead with its development, an important step in the process. The Company will continue its ongoing discussions with potential corporate, strategic and financial partners.

At the beginning of 2017, the key partners for the engineering aspect of the project's realization were announced.