The end of the Jeffery Asbestos Mine in Quebec

Dramatic developments regarding closure of the Jeffrey asbestos mine:

In October 2012, the newly elected Parti Québécois (PQ) government of Quebec announced that it was cancelling the $58 million loan that the previous Liberal government had given to the owners of the Jeffrey mine for the purpose of opening an underground mine that would export millions of tons of asbestos overseas, particularly to Asia, for years to come. The Parti Québécois was defeated in 2014 by the Liberal Party

In August 2014, it was learned that the PQ had never, in fact, officially cancelled the $58 million loan. The necessary decree to cancel the loan had not been passed and the loan was still available. The current Minister of the Economy, Innovation and Exports, Jacques Daoust, accused the former PQ government of negligence. Daoust announced that his government has now signed the decree to cancel the loan. Thus, the Liberal government, which just two years earlier gave the loan, cancelled the loan.