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June 15, 2012, No. 91

Up Front

New Canada-India Mining Committee

PDAC President Glenn Nolan attended the inaugural meeting of the Canada-India Mining Committee on May 31. The mining committee was launched by the Indo-Canada Chamber of Commerce (ICCC) to facilitate direct connections between India and Canada. “One of our Chamber’s focuses is to explore mining-related trade and investment opportunities in exploration and mining technologies. We want to give a tangible dimension to the mining sector MOU between Ontario and India signed in July 2010,” says ICCC President Satish Thakkar.

Mr. Nolan, who sits on the committee, says he welcomes the opportunity to be part of the committee. “There is a real thirst for knowledge from the Indo-Canadian community related to investment opportunities in the Canadian-based exploration and mining industry. I am looking forward to working with the committee in bringing that information to the Indo-Canadian community.”

Newsweek Interviews the PDAC

PDAC President Glenn Nolan and PDAC Executive Director Ross Gallinger did a joint interview with Newsweek magazine at the beginning of June. The interview, which will appear as part of a special section on Ontario’s mining sector, included discussions on key issues surrounding the development of Ontario’s natural resources, including Ontario’s advantages in terms of its regulatory model and environmental policies.

The special section will also profile Toronto’s role as home to the leading global mining exchange; opportunities for Wall Street to invest throughout the sector; the role of technology in developing new resources; and the role that Canada plays as a natural resource provider during a period of sustained global demand. The section on Ontario’s mining sector will run in Newsweek New York edition—reaching an audience of almost one million opinion leaders, policy makers and investors in the U.S. financial capital. The issue is scheduled to come out in September

6th Annual Mining Matters Diamond in the Rough Golf Classic

The 6th Annual PDAC Mining Matters Diamond in the Rough Golf Classic was held on June 7 at the Woodington Lake Golf Club in Tottenham, Ontario. The tournament was once again a great day of golf, camaraderie, and valuable support for Mining Matters. New to the event this year was a 70 km cycling event, in which six cyclists braved the day’s heat in order to raise funds without hitting the links.

The approximately $30,000 in proceeds from the day will go towards supporting Mining Matters’ three pillars of programming: public outreach, teacher training and school programs, as well as Aboriginal education and outreach.

Mining Matters Welcomes New Staff

As demand for its programs and resources grows, Mining Matters has made some recent staff changes of note. Heather Douglas is Mining Matters new General Director; Heather was previously Executive Director at the Parkdale Village Business Improvement Area, and has a BComm in International Management and Marketing from the University of Ottawa as well as training and experience in fundraising, promotions and communications. Heather Henry is the new Coordinator, Teacher Training and School Programs; Heather has extensive experience as an educator and outreach coordinator and has an MSc in Space Studies from the International Space University in Strasbourg, France and a BSc from the University of Ottawa. Amanda Horn is Mining Matters new Administrative Assistant; Amanda was previously at the Ontario Trade Commission, where she held the position of Trade Commissioner Assistant. Laura Clinton, who has been with Mining Matters for nearly 10 years and contributed greatly to the organization’s growth, is leaving Mining Matters to focus on her family and personal interests.

Aboriginal Affairs

MKO Economic Summit, Trade Show and Jobs Fair

The PDAC is attending the Manitoba Keewatinowi Okimakanak Inc. (MKO) Economic Summit, Trade Show and Jobs Fair, June 12 – 14 in Winnipeg. MKO is a non-profit advocacy organization that explores ways to strengthen and promote the interests of First Nations by achieving autonomy and self-sufficiency with respect to all areas that affect the lives of northern First Nations’ citizens. PDAC President Glenn Nolan is speaking at the event about the PDAC’s role in mineral exploration. For more information on the event, click here.

New Date for Aboriginal Mining Education Forum

The Aboriginal Mining Education Forum (AMEF) has been re-scheduled for November 20 – 21, 2012, and will take place at the Hyatt Regency in Toronto. The event, hosted by the Mining Industry Human Resources Council (MiHR), will bring together representatives from Aboriginal organizations, education, and mining and mineral exploration. The AMEF is intended to be a strategic networking event resulting in an improved understanding of Aboriginal education as it applies to workforce planning in mining and mineral exploration and the economic development of Aboriginal communities. The PDAC is a sponsor of the event. For more information, click here.

Advocacy

Minister of Finance Speaks on Responsible Resource Development in Toronto

The PDAC attended an event organized by Natural Resources Canada in Toronto on June 4. At the event, Finance Minister James Flaherty spoke about the benefits of the federal government’s recently announced Responsible Resource Development plan. In his speech, the minister spoke about the contribution energy, mining and minerals processing and forestry make to the economy. In April, the PDAC released a statement of support for Responsible Resource Development. In the statement, PDAC Executive Director Ross Gallinger said, “The mineral exploration and development industry needs an efficient regulatory regime that encourages investment by providing certainty and predictability for resource development projects.”

PDAC Appears Before Standing Committee on Finance for Study of Bill C-38

The PDAC appeared before the Standing Committee on Finance for its study of Part 1 of Bill C-38. Part 1 of the budget implementation bill pertains to amendments to the Income Tax Act. The PDAC was represented by Tom King, co-chair of the PDAC’s Finance and Tax Committee. In his remarks to the committee, Mr. King discussed the strength of the mineral industry and its contribution to the economy, financing challenges for junior exploration companies, and the importance of the Mineral Exploration Tax Credit. A webcast of the committee hearing is available here.

PDAC Appears Before Senate Committee for Pre-Study of Budget Implementation Bill

PDAC Executive Director Ross Gallinger appeared before the Standing Senate Committee on Energy, the Environment and Natural Resources on May 17 for its pre-study of Part 3 of the budget implementation bill, which contains the measures related to Responsible Resource Development. In his remarks to the committee, Mr. Gallinger talked about the importance of the mining industry to the economy, PDAC initiatives such as e3 Plus, and the need for regulatory reform.

“Our association is encouraged by the federal government’s commitment to improve the regulatory environment. We share the goal of developing a system that provides predictable and timely reviews, reduces duplication, strengthens environmental protection and enhances Aboriginal consultation. The mineral exploration and development industry needs an efficient regulatory regime that encourages investment by providing certainty and predictability for resource development projects,” said Mr. Gallinger. A webcast of the committee hearing is available here.

Lands & Regulations

Joint Submission to the Minister of Aboriginal Affairs and Northern Development

On May 9, the PDAC, the Mining Association of Canada, and the Northwest Territories & Nunavut Chamber of Mines made a joint submission to the Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development. The submission covered three areas: 1) Responsible Resource Development, 2) community engagement, and 3) proposed amendments to the Mackenzie Valley Resource Management Act. To read the submission, click here. For more information, contact us.

The PDAC Responds to Bill 14

On May 22, the PDAC made a submission to Premier Jean Charest on Bill 14, An Act respecting the development of mineral resources in accordance with the principles of sustainable development. In its submission, the PDAC states that in its proposed form, Article 91 of Bill 14 poses significant risk of constraining access to public lands and thereby impairing the full realization of Quebec’s enviable mineral endowment. The submission includes an analysis of the implications of the provision in light of the principles the PDAC maintains should govern land use planning and access to such lands for mineral exploration and mining purposes. To read the submission, click here. For more information, contact us.

CSR

Queen’s University Graduate Certificate in Community Relations for the Extractive Industries

The certificate program in Community Relations for the Extractive Industries (GCCR), the first of its kind in North America, focuses on strengthening practitioner competencies in the areas of communication, community engagement, community development and program planning. The program will be of interest to PDAC members working in the field—at project sites and in affected communities—for exploration and mining companies, government, or community-based organizations. The program is part-time, distance-delivered, and can be completed in 9 months. For more information, please contact Program Coordinator Anne Johnson at [email protected] or visit the program website

Student Affairs

S-IMEW 2012

The PDAC’s 6th annual Student-Industry Mineral Exploration Workshop (S-IMEW) was a great success thanks to the support of the speakers, volunteers and sponsors. The workshop would not be possible without the support of industry contributors whose experience, skills and resources bridge the gap between academics and real world experience. For a number of the participants, S-IMEW was the first time they had the opportunity to go underground, enter an open pit mine, perform lake-bottom sediment sampling and soil sampling techniques, and more. The multi-faceted nature of the workshop exposes students to all aspects of the industry with a balance of lectures and field experience that gives them the experience, networking skills, and contacts to begin building a successful career in the industry. To view photos of S-IMEW 2012 click here

PDAC Convention 2013

Hotel Reservations Open June 27, 2012

Reservations for accommodations for PDAC 2013 open on June 27, 2012 at 11:00 a.m. EST. Click here for more information. Don’t be disappointed—reserve your accommodations early!

Deadline for Short Course Proposals: June 29, 2012

Interested parties are invited to submit a short course proposal for PDAC 2013. The closing date for submissions is June 29, 2012. Please submit a proposal using the online submission form. Please do not apply by fax or email—submissions made by fax or email will be disregarded. The PDAC will contact selected course organizers. For more information, contact Karla Doig at [email protected] or 416.362.1969 ext. 236.

Exhibitor Application Forms Available July 19, 2012

The Investors Exchange and Trade Show exhibitor application forms for PDAC 2013 will be available on July 19, 2012 at 10:00 a.m. EST on the convention’s website. If you are a potential new exhibitor, please visit the Investors Exchange or the Trade Show web pages to determine where your company qualifies to exhibit at PDAC 2013.

Government News

B.C.’s New Mining Strategy

On May 16, the B.C. government released a long-term plan for the province’s mining industry. The B.C. Mineral Exploration and Mining Strategy supports the provinces jobs plan, expanding targets and commitments to include: 1) creating eight new mines and expanding nine existing ones by 2015, 2) increasing mineral exploration to ensure future mining activity, and 3) ensuring mine development improves the social and economic well-being of First Nations and respects cultural values.

NWT Announces Mineral Development Strategy

In its budget speech on May 24, the Northwest Territories Government announced it is developing a Mineral Development Strategy. The government will work with the NWT and Nunavut Chamber of Mines, and Aboriginal Affairs and Northern Development Canada to develop the strategy. The next step for the strategy is the development of a discussion paper and project charter that will set the stage for full regional and stakeholder engagement. The government will seek input from Aboriginal governments, communities, industry, small businesses and NWT residents.

Mining Week on the Prairies

Saskatchewan and Manitoba held their respective Mining Weeks at the end of May. During Manitoba Mining Week, Innovation, Energy and Mines Minister Dave Chomiak announced two initiatives: 1) $1.2 million for the Manitoba Geoscience Advantage Program to fund new geological mapping, and 2) a new online Integrated Mining and Quarrying System that will streamline the processes involving mining applications. Mr. Chomiak also provided an update on orphaned/abandoned mine sites, reporting that the Manitoba government has spent more than $84 million to date on rehabilitation work and has completed 21 sites.

During Saskatchewan Mining Week, Energy and Resources Minister Bill Boyd announced that Saskatchewan’s mineral sales are valued at approximately $8.1 billion for 2011. Companies spent $293 million in 2011 on mineral exploration and are forecast to spend approximately $325 million in 2012. The Saskatchewan Mining Association also reports that mining companies are set to invest more than $50 billion in Saskatchewan operations in the next two decades.

Premier McGuinty Asks for Ottawa’s Help to Develop Ring of Fire

Ontario Premier Dalton McGuinty met with and wrote a letter to Prime Minister Harper in May to enlist Ottawa’s help in developing the Ring of Fire. The Premier says developing the Ring of Fire is in the national interest, and is calling on the federal government to invest in First Nations communities in the Ring of Fire area in order to develop a skilled work force and infrastructure for Ring of Fire mining projects.

Other News & Events

New Industry Association Dedicated to Promoting Cleaner Mining Initiatives Launched

The Clean Mining Alliance, an international trade association dedicated to raising the profile of cleaner mining initiatives and how they’re reshaping the face of mining globally, was launched in May. The non-profit industry association exists to showcase new emerging cleaner technologies in mining and the breakthrough companies around the world bringing them to market.

PWC Review of Global Trends in the Mining Industry Published

On June 5, PricewaterhouseCoopers released its annual Mine report, which says that the global mining industry is facing a growing disconnect: although the world's 40 biggest miners had record profits in 2011 thanks to high commodity prices, investors proved fickle, demanding greater capital discipline and increased shareholder returns. A lack of confidence in the sector's growth prospects saw market values plunge 25% to about $1.2 trillion and only six of the world's top 40 miners saw their market value increase. To read the report, click here

So You Think You Know Mining Awards

On June 5, the Ontario Mining Association (OMA) held the awards gala for the So You Think You Know Mining (SYTYKM) video competition at the Royal Ontario Museum. In its fourth year, the competition offers high school students in Ontario an opportunity to compete for substantial cash prizes by using video to tell stories about the benefits of mining to society. For more information on the SYTYKM competition, see the OMA website. Watch for the launch of next year’s SYTYKM competition in the fall of 2012.

BC Mine Training Society to Close Due to Lack of Funding

On June 6, the British Columbia Aboriginal Mine Training Association (BC AMTA) announced it is being forced to close after failing to secure ongoing funding for its operations. The organization provides skills upgrading and training to Aboriginal people looking for employment in the mining sector. Over the past two and a half years, the program has helped 310 Aboriginal men and women find work in the sector. According to a BC AMTA news release, management will continue to look for funding until the end of July.

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