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November 2, 2007, No. 48

Call for papers for PDAC Convention 2008

The Convention Planning Committee has issued a call for papers for the open session at PDAC Convention 2008. Papers on policy and technical topics are invited. Papers on the following are of particular interest: properties of merit (their recent exploration and development history); geochemical practices in the areas of active exploration; new concepts and technical developments (particularly their application to deposit discovery and definition); socio-economic issues; case studies; legal and regulatory issues; sustainability/environmental issues; and land access. Closing date for submissions is November 30, 2007. There is no fee to participate. Click here for details.

Which jurisdictions are the best to work in? The Fraser Institute seeks your views

The Fraser Institute is now collecting data for its 2007-08 Annual Survey of Mining Companies. This publication pulls together the opinions of mining executives to develop measures of the investment attractiveness of jurisdictions in Canada and abroad. The PDAC financially supports the compilation and publication of the survey, which was cited by major media over 230 times last year and is used by policymakers to learn more about the effects of their policies. The online survey is anonymous and takes 15 minutes to complete. Participants get a free copy of the results and are entered into a draw to win $1000 (U.S. or Canadian – whichever is better on the day!). Please contact Cam Vidler at [email protected] with your company name and you will be sent an invitation to participate. The survey closes at the end of November. Back copies of the annual survey are available here.

PDAC director to speak across Canada on engaging First Nations communities

Glenn Nolan, PDAC director and Chief of the Missanabie Cree First Nations, has been named a CIM Distinguished Lecturer for 2007-2008. Glenn will be making presentations across the country on the topic Engaging First Nations Communities. He can be reached at [email protected].

AFN National Chief Fontaine issues corporate challenge to mining industry

PDAC organized a special luncheon event where Assembly of First Nations National Chief Phil Fontaine addressed 330 members of the mining and investment community on October 12 in Toronto. Fontaine assured his audience that First Nations people are not anti-development and want a chance to share in the benefits and prosperity emanating from economic development. During his presentation, Fontaine issued the AFN’s ‘corporate challenge.’ A company accepting the challenge will sign a memorandum of understanding with the AFN and then draft a plan to address four key areas: procurements; investments; partnerships; and employment. The full text of the National Chief’s presentation is here.

World Investment Report 2007 is now available

The United Nations Conference on Trade and Development (UNCTAD) released the World Investment Report 2007 in mid-October. The report contains the latest data (300 pages) on foreign direct investment (FDI) flows by country and sector, on global and regional trends, and international production by transnational corporations. As detailed, global FDI inflows rose in 2006 for the third consecutive year, with growth in all major country groups. Rising demand for commodities was reflected in a steep increase in natural resource-related FDI. Among the developing regions, FDI flows to north and sub-Saharan Africa, to all Asian regions, and to south-east Europe and the Commonwealth of Independent States were at record levels. China and India are the preferred locations for FDI. The developing southern nations have also become important sources of FDI. To order the report, which costs $90.00, click here.

Thank you for responding" Thank you for responding to the PDAC’s securities regulation survey

Thanks to the 255 members who responded to our recent survey on Canada’s securities regulation system. The results are being analyzed and will be made available shortly.

Hewers of wood and drawers of water” no longer characterizes Canadians

The characterization of Canada's resource sector as "hewers of wood and drawers of water" is outdated, according to a new article published recently in Canadian Economic Observer. The article challenges several myths about this country’s resource base and suggests that Canadians could now be described as “conveyers of crude and moilers of metals.” The article states that, since 2002, “there has been a large shift in the resource sector away from trees and water. Metals and energy products found underground now drive the growth of resources…Precious metals are more dependent on diamonds, as gold mines are depleted.” The article also debunks the myth that Canada exports too many of its metal ores without further processing them. It found that industries such as metals and grains are leaders in adding value here in Canada. The full article is here, and a summary is here.

More facts and figures about the mineral industry

Every year the Mining Association of Canada (MAC) publishes Facts and Figures, a comprehensive look at the state of the mineral industry. The 2007 edition is now available. It is an excellent product, full of information on mining’s contribution to the overall Canadian economy; production and processing; reserves, prices, financing, exploration and investments; labour and employment; and much more. The publication can be downloaded from the MAC website. Alternatively, contact Paul Stothart to obtain a hard copy.

Business opportunities in East Africa

Ontario’s Ministry of Economic Development and Trade and Foreign Affairs and International Trade Canada are holding a day-long session on business opportunities in Kenya, Tanzania and Uganda on November 16. The event will be held in the Ontario Room, MacDonald Block, 2nd Floor, 900 Bay Street, Toronto, from 8 a.m. to 3.30 p.m. The registration fee of $75 includes breakfast and lunch. More information here and the registration form here.

Quantitative methods for mineral exploration course – February 28 - Ottawa

The Department of Earth Sciences at the University of Ottawa and Laurentian University are jointly offering a modular course in quantitative methods for mineral exploration. The course consists of four sessions, each of which is two days long and costs $300 for professionals ($350 after January 1) and $30 for students ($50 after January 1). The fee includes lunches, receptions, and course notes. Participants gain three credits that can be applied to a graduate program or to meet professional development requirements. Click here for more details.