ANNOUNCED AS TEMPORARYNo
On June 29, 2012 the government of Quebec provided a Can.$58 million (U.S.$45 million) loan guarantee to the Jeffrey mine in Quebec's Eastern Townships. The mine's management expected this funding will create between 400 and 500 direct full-time jobs for a period of 20 years in the town of Asbestos, while 1,000 positions indirectly related to the mine will also be created. The mine will have to repay $1.5 million along with interest fees for a period of 15 years between 2015 to 2031. The first $7.5 million will go directly to a fund targeting economic diversification for Quebec's Eastern Townships region.
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