Notwithstandingclause 7.3, if the royalty due on anyproject is less than US2000, thenashallin lieu of theroyaltycalculatedby reference to theroyalty rate, pay a minimumfee of US2000 to b.
In a debate over the weekend between the Liberal party, PQ, Coalition Avenir Quebec and Quebec Solidaire, Marois said she would impose a minimum 5% royalty rate on the gross value of all mining production.
Pauline Marois, the new premier of Quebec, made waves in the mining industry with comments saying she would initiate a minimum 5% royalty on metal production as well as impose a 30% tax on mining earnings above a certain level during the election campaign.