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September 15, 2012, No. 94

Up Front

Canada’s Mining Industry Joins Forces with NGOs to Improve Transparency

The PDAC, the Mining Association of Canada and two transparency-focused NGOs have signed an MOU to develop a framework for the mandatory disclosure of extractive company payments to governments. The initiative was officially launched on September 6th with a news release and media outreach. The announcement garnered significant interest from the media, including coverage by The Globe and Mail iPolitics La Presse Mining Weekly Mineweb and the CBC. The Ottawa Citizen and  The Vancouver Sun both ran editorials applauding the new initiative. 

The group, the Extractive Resource Revenue Transparency Working Group, aims to develop a framework for the disclosure of payments to governments for Canadian oil and mining companies operating domestically and internationally by June 2013. Once complete, the working group will make policy recommendations to federal government policymakers and/or provincial security regulators for the Canadian adoption of mandatory disclosure requirements based on the framework.

The initiative comes at a time of great demand from communities and investors for mining companies to be more transparent in their payments to governments. “This information will help assure communities that they are receiving appropriate benefits from both mining operations and governments, as well as reduce instances of corruption and bribery,” said Ross Gallinger, PDAC Executive Director. “More transparent payment information also puts investors in a better position to analyze the financial and political risks associated with development.”

For background information on the initiative, click here.

PDAC Participates in Workshop on Resource Revenue Transparency

PDAC Executive Director Ross Gallinger and 2nd vice president Bob Schafer represented the PDAC in Vancouver last week at a workshop on resource revenue transparency. The workshop aimed at informing and engaging a variety of stakeholders from industry, government and civil society on the benefits of improved transparency. The workshop was organized by the Canadian Institute of Mining, Metallurgy and Petroleum and the Extractive Resource Revenue Transparency Working Group (ERRTWG). The ERRTWG was recently formed by the Mining Association of Canada, Publish What You Pay Canada, the Revenue Watch Institute and the PDAC to examine reporting requirements for Canadian extractive companies operating internationally.

PDAC Accepting Nominations for 2013 Awards

The PDAC is accepting nominations for its 2013 awards. The PDAC’s annual awards recognize and honour outstanding achievement, accomplishment, and service of individuals and organizations in the Canadian mineral industry. The awards will be presented at the awards evening during the PDAC’s convention, March 3 – 6, 2013. For more information on the awards including instructions on how to submit a nomination, please visit the awards page on the PDAC website. Videos of last year’s award winners can be viewed on PDAC’s Facebook page.

TSXV Announces Temporary Relief Measures

The TSXV released a Notice to Issuers on August 17, 2012, announcing it is offering temporary relief from existing pricing requirements related to Private Placement financings in light of the current market environment. The relief measures are effective from the date of the notice until December 31, 2012.

“In order to facilitate the ability of Issuers to complete financings, specifically those Issuers subject to immediate or imminent financial hardship, the Exchange will, on a temporary basis and subject to compliance with the conditions referenced in this bulletin, be granting relief from certain existing pricing requirements related to Private Placement financings,” says the notice. To read the full bulletin, click here.

Advocacy

The PDAC’s Leadership at 2012 Energy and Mines Minister’s Conference

PDAC President Glenn Nolan and Executive Director Ross Gallinger contributed leadership and expertise on behalf of the exploration industry at the Energy and Mines Minister’s Conference in Charlottetown, P.E.I. last week. Entitled Framing the Future of Energy and Mines, the conference brought together provincial, territorial and federal ministers, senior government officials and industry to discuss various projects, regulations and collaborative opportunities that could benefit Canadians. 

Mr. Nolan presented as part of an expert panel on the issues and opportunities facing the sector. Mr. Nolan focused his presentation on his experiences in the sector and the significant role that junior exploration firms play. Mr. Gallinger focused his efforts on meeting with various provincial and territorial ministers. “We spent a lot of time with ministers and senior officials from a number of provinces and territories to discuss PDAC’s priorities” says Mr. Gallinger. “We are actively seeking their support in our advocacy efforts, in particular, ensuring the federal government remains committed to the Mineral Exploration Tax Credit.”

The PDAC, the Mining Association of Canada and other members of the Canadian Mineral Industry Federation jointly submitted policy views and recommendations to the ministers in advance of the meeting. Read the brief, “Bringing the Opportunity Home,” here

Lands and Regulations

Invitation to Speakers for the Land Access Challenges Technical Session, PDAC Convention 2013

Interested parties are invited to submit a proposal to provide a 25 minute presentation for inclusion in the Land Access Challenges Technical Session at the PDAC Convention 2013. This session is intended to garner an industry based, nation-wide discussion about the difficulties experienced on the ground when undertaking exploration and development activities and to provide case-study based solutions to identified challenges. The deadline for submissions is September 28, 2012. For more information, click here. Proposals will be accepted via email to PDAC.

Training Course on the Canadian Environmental Assessment Act, 2012

The Canadian Environmental Assessment Agency (CEAA) has developed a one-day training course to introduce the new Canadian Environmental Assessment Act, 2012. The course will provide participants with an overview of the Canadian Environmental Assessment Act, 2012 and its regulations. It will also introduce the environmental assessment process and requirements applying to projects for which the CEAA is the responsible authority. The one-day course will be offered from September 2012 – March 2013 at various locations across Canada. For more information and to register for the course, please visit the CEAA’s website or contact [email protected].

Aboriginal Affairs

PDAC Participates in Roundtable on Aboriginal Participation in Major Resources Development

The PDAC participated in the Public Policy Forum’s (PPF) roundtable series on Aboriginal Participation in Major Resources Development Opportunities at the end of August in Toronto. The national roundtable series was attended by leaders from Canada’s natural resources sector, Aboriginal communities and the public sector. A sample of the themes and issues discussed are: Labour Market Development, Community Readiness, Financing and Financial Literacy, Partnerships and Collaboration, Measurements of Success, and Best Practices and Case Studies. For more information on the roundtable series, please visit PPF’s website.

Aboriginal Mining Education Forum

The Aboriginal Mining Education Forum (AMEF) is taking place November 20 – 21, 2012, 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 and to register, click here

CSR

PDAC CSR Training Needs Analysis Survey

The PDAC is conducting a Training Needs Analysis (TNA) survey to collect information about the impact of CSR issues on skills requirements in the mineral exploration industry. The survey will examine how CSR and sustainable business practices have affected—or may affect—companies’ skills and training needs. The PDAC is particularly interested in whether companies have needed—or will need—new or additional skills. The information from the survey will be used to help the PDAC to better understand companies’ skills and training needs, and to determine in what areas training is needed. Greenfield Services Inc. has been contracted to conduct the survey on behalf of the PDAC. The survey is scheduled to go out next week.

PDAC Presentation on CSR at India Mining Conference

PDAC Past President Scott Jobin-Bevans gave a CSR presentation on behalf of the PDAC at the Federation of Indian Mineral Industries’ (FIMI) mining and exploration convention on August 30 in Bangalore. In his presentation, “Successes & Challenges of Responsible Exploration: A Canadian Perspective,” Mr. Jobin-Bevans spoke about the importance of corporate social responsibility to the mining and mineral exploration industries. The convention provided an opportunity for stakeholders involved in the mining value chain—policy makers, exploration agencies, mining companies, regulatory agencies, technologists, economists, and investors—to network and learn about industry trends and investment opportunities.

Call for Proposals for the PDAC 2013 CSR Event Series

Interested parties are invited to submit a proposal to organize a half-day session as part of the CSR Event Series at the PDAC 2013 Convention. The CSR Event Series provides a forum for learning and discussion on a range of issues related to corporate social responsibility in the mineral exploration and mining industry. The series aims to reflect the industry’s challenges and successes in this area, while emphasizing learning from one another’s experiences. The deadline for the submission of proposals is October 10, 2012. Click here to download more information.

McGill Executive Program in Corporate Social Responsibility

McGill University's Institute for the Study of International Development and the Law Firm of Fasken Martineau are pleased to announce the launch of an executive education certificate program, “Corporate Social Responsibility: Creating Value Through Collaborative Sustainable Development.” This intensive 5 day certificate course will be held in Montreal at McGill University's downtown campus, November 5-9, 2012. The program is designed to prepare participants to work in the growing field of corporate social responsibility. It is an applied program intended for professionals who work in the private and public sectors, including those who work for international organizations, consulting companies, and non-governmental and community organizations. For more information, click here and to register for the program, click here.

Lewis Perinbam Award in International Development—Call for Nominees

Nominations are being accepted for the Lewis Perinbam Award in International Development. The Lewis Perinbam Award recognizes significant volunteer efforts that improve people’s lives in the developing world, that engage and inspire Canadians and others to undertake volunteer action, and that identify new ways of thinking and/or addressing difficult development challenges. Nominations will be accepted until Tuesday, September 25, 2012. For more information, click here, or contact Carol Dolbel, at [email protected].

Guide to Preventing Acid Drainage

The GARD Guide, a key initiative of the International Network for Acid Prevention (INAP), is an internet-based best-practices guide for the avoidance and prevention of acid drainage. The GARD Guide is becoming the preferred reference library for all stakeholders involved in acid and metalliferous drainage (AMD) or acid rock drainage (ARD) management issues. The guide can be accessed here. Further information on the GARD Guide and INAP is available from Dr. Terrence Chatwin, INAP Technical Director, at [email protected] or 1-801-485-2279. Internet instruction on the GARD Guide is also available from EduMine.

Conference on CSR Data Management in the Extractive Industry

Boréalis is organising a 2-day conference (October 24 - 25) on “Implementing Strategies for Effective CSR Data Management in the Extractive Industry.” The conference is taking place in Montreal at the Delta Centre-Ville Montreal. For more information, visit the conference website

Student Affairs

Become a Mentor to Students Interested in the Mining and Mineral Exploration Industries

The Mining Industry Human Resources Council (MiHR) needs mentors for its Virtual Mine Mentor program for the new post-secondary school year. Mentors are given the opportunity to share their knowledge and experience with students who are interested in exploring a career in mining and mineral exploration. Students come from a wide variety of backgrounds, including earth sciences, trades, commerce, human resources, Aboriginal engagement, engineering and more. Although MiHR is looking for mentors in all occupations, there is an urgent need for mentors with the following experience/backgrounds: geology (geochemistry or geology in general); global mining management, strategy, and finance; business and sustainability; corporate social responsibility (Aboriginal engagement); and mining engineering. To become a mentor, click here. For further information, contact Program Coordinator Ziad Saab at [email protected].

PDAC Bursary Winners Get Jobs

Each year, the PDAC awards two $500 bursaries to graduates from the Workforce Exploration Skills Training (WEST) program at Northwest Community College School of Exploration & Mining (NWCC SEM) in northern B.C. The bursaries are awarded to two graduates of the 7-week bush camp training program who demonstrate exceptional leadership and academic excellence. This year, Anderson Leung and Gabriel Garcia were awarded the bursaries. Both Mr. Leung and Mr. Garcia were subsequently hired by Imperial Metals for their Ruddick Creek Project.

“The support shown by the PDAC has a motivating effect on our students," says Tony Harris, Employment Advisor & Industry Liaison for the School of Exploration & Mining at NWCC. “The attributes that a student must demonstrate in order to receive this award—passion, a willingness to learn, persistence and a solid work ethic—are instantly recognized as unique & valuable by our industry partners.” Since its inception in 2004, NWCC SEM has graduated more than 900 students—more than 70% of these have found employment or pursued further education. 

Mining Matters

Mining Matters Participates in Teacher Mining Tour

From August 6-10, Mining Matters presented and participated in the Canadian Ecology Centre’s (CEC) Teacher Mining Tour at Samuel de Champlain Provincial Park near Mattawa, Ontario. The purpose of the tour was to address the gap between the mining industry and the educational sector, recognizing the vital impact teachers make in the career path decisions made by their students as they pursue post secondary education.

Throughout the week, participants were walked step-by-step through the Canadian modern mining cycle, participating in seminars, field visits and mine tours to Sudbury and North Bay. This is Mining Matters` third year delivering a program component through the Teacher Training and School Program banner. Mining Matters conducted two 2.5-hour workshops utilizing the Deeper and Deeper and Discovering Diamond curriculum resources, distributing over 40 kits to participants to take back to their classrooms.

Aboriginal Education and Outreach Program Reaches Over 300 Participants

The Aboriginal Education and Outreach Program has wrapped up its 2012 Mining Rocks Earth Science Summer Camp program which saw a total of eleven camps delivered to over 300 participants in various communities across Manitoba, Nunavut and Ontario. The week-long camps incorporated earth science and education with fun and engaging activities for both youth and adults. Mining Matters would like to thank camp sponsors Agnico Eagle, DeBeers Canada, Detour Gold, the First Nations Natural Resources Youth Employment Program (FNNRYEP), Goldcorp, and Rainy River Resources, for bringing to the communities in which they work the opportunity to learn more about rocks, minerals, and the mining cycle, and career opportunities in Canada’s most important industry. 

PDAC Convention 2013

PDAC 2013 Sponsorship Opportunities

The remaining PDAC Convention 2013 sponsorship opportunities are posted on the Convention website. For the first time in many years, the renowned Mining Night has become available as a sponsorship opportunity. The Patron level sponsor will have title ownership of this long-standing event.

Open Session Call for Papers

Are you interested in speaking at the PDAC Convention? The PDAC invites policy and technical papers for presentation during the Open Session at the 2013 Convention. All interested individuals are welcome to apply. The deadline for submissions is November 15, 2012. Space is limited. Selected applicants will be notified of their acceptance in December 2012. For more information and to apply, click here.

Apply for the Innovation Forum

Are you a Trade Show Exhibitor who has a new product, service, exploration development, discovery, legislation change or recent technical or commercial success to announce?  If so, you may interested in applying for a speaking opportunity at the Innovation Forum organized by CAMESE at the PDAC Convention. The purpose of the Innovation Forum is to allow registered Trade Show Exhibitors an additional opportunity to inform Convention attendees about their innovations. More information regarding the forum can be found on the Convention website or by contacting Amanda Scriver at [email protected].

Government News

2012 Energy and Mines Ministers’ Conference

The 2012 Energy and Mines Ministers’ Conference, held in Charlottetown, P.E.I. last week, focused heavily on the theme of economic development. The mining sector was heralded as a key driver of the Canadian economy, and a fundamental component of Canada’s economic sovereignty. “Canada’s mining sector is poised to undergo significant growth, creating high-quality jobs for Canadians in every part of the country,” said Natural Resources Minister Joe Oliver in a statement.

At the conference, federal, provincial and territorial energy and mines ministers agreed to pursue collective action to strengthen Canada’s position as a global energy and mining leader. The ministers committed to further work in the areas of regulatory reform, labour markets, markets and international trade, energy efficiency and innovation, and energy as a major asset. For background information on these commitments, click here, and for the conference report, click here.

Intergovernmental Geoscience Accord Signed

Mines ministers at the Mines Ministers’ Conference last week signed the 4th Intergovernmental Geoscience Accord, marking a further five-year commitment among Canada’s geoscience agencies to work collectively to increase core public geoscience knowledge in Canada. The Intergovernmental Geoscience Accord defines the roles and responsibilities of federal, provincial and territorial government geoscience agencies; outlines the principles of cooperation that will optimize the use of human and fiscal resources; and establishes mechanisms to improve collaboration among these organizations.

New Figures Unveiled for Economic Impact of Canada’s Natural Resources Sector

Natural Resources Canada recently unveiled 2011 figures for the impact Canada’s natural resources sector has on the economy. Minister of Natural Resources Joe Oliver announced that natural resources are now responsible for nearly 20% the country’s economic activity (15% directly from the sector, and another 5% from indirect services). The figure is significantly higher than the previous year’s figure (11.5% of GDP in 2010) because it is based on a new method of calculation which is for nominal GDP, as opposed to real GDP, and takes into account both quantity and prices using just-released numbers. Mr. Oliver also announced that natural resources industries—energy, forestry, metals and minerals—account for 10% of all jobs in Canada. For background information on the new figures, click here.

Northern Policy Institute Launched in Ontario

On August 31 the Ontario government launched the Northern Policy Institute, an independent, not-for-profit organization that will monitor the implementation of the Growth Plan for Northern Ontario and make provincial policy recommendations for the region. It will work with northern municipalities, post-secondary institutions, research groups, Aboriginal organizations, francophone groups and industry to set priorities and directions for northern development. The Growth Plan for Northern Ontario is a 25-year plan that was released on March 4, 2011. For more information on the new institute, click here.

Resource Revenue Sharing Agreements Updated in the Yukon

At the end of August, Minister of Aboriginal Affairs and Northern Development John Duncan and Yukon Premier Darrell Pasloski signed amendments to resource revenue sharing agreements that the government says will ensure a greater portion of the revenues generated from the mining and resource economy in Yukon will be available for use in the territory. The signing of the amendments was witnessed by Prime Minister Stephen Harper during his annual tour of the north. For background information on the amendments, click here.

Other News

CEMI Structural Geology Short Course

The Centre for Excellence in Mining Innovation (CEMI) is hosting a Structural Geology short course in Sudbury on October 15 and 16, and in Toronto on October 17 and 18. The two day course, “Structural Geology Guidelines for use in Burst-Prone Underground Mines,” will be comprised of technical presentations and hands-on practical sessions focused on providing attendees with an awareness of: the risks posed in burst-prone mines; the structural geology and other geotechnical aspects to pay attention to and measure in drill core and in drift mapping; and the tools to use to optimize design and response effectiveness during project/mine design, development and operation. The registration deadline is September 28. For more information, visit CEMI’s website or contact Krystle Vendette at [email protected] or 705.673.6568 ext. 0. 

Ryerson University Offers New Certificate in Mining Management

Ryerson University’s G. Raymond Chang School of Continuing Education, Canada’s leading provider of university-based adult education, is offering a new Certificate in Mining Management. Designed to provide employable skills and act as a direct channel to access a large and growing sector of the Canadian economy, this program will address sustainable mining  in the context of corporate social responsibility, exploration and development operations, risk factors, the reporting of findings, and managerial strategies in the mining sector. If you have a degree and/or five years experience working in the mining industry, this certificate will provide you with additional business and cross-disciplinary competencies to move into the mining industry from a background, for example, in finance or community development, or to expand your current mining career options. For more information and to enroll, click here.

CMIC Executive Director Search

The Canada Mining Innovation Council (CMIC) is searching for a new executive director to replace the current director who will be retiring at the end of March 2013. The selected individual will be a good communicator, a strong leader, and have a degree (advanced degree preferred) in exploration, mining, geology, metallurgy or another mining-related discipline. Interested candidates should have a passion for the mining industry, research, development and innovation, and a vision for ways to take the Canadian mining industry to new levels of performance. Candidates who are interested in the position should forward their name and resume to the CMIC Secretariat for further consideration. The deadline for applications is October 15, 2012. Fore a more detailed description of the position visit the CMIC website.

Conference Board of Canada’s Territorial Outlook-Summer 2012

The Conference Board of Canada released its Territorial Outlook-Summer-2012 on September 12. Due to slowing growth in the global economy and turmoil in commodity and stock markets, the Board has scaled back its forecast for near-term growth for the territories from what it projected in its previous Territorial Outlook six months ago. However, despite the negative currents in the global economy, the outlook remains largely positive, particularly over the longer term; new mine developments will provide a solid foundation for job creation and income growth over the forecast period, the report finds. Read the full report here

Looking Ahead

PDAC Executive Director to Present at World Economic Forum Event

The governments of Canada and Australia and the World Economic Forum have invited PDAC Executive Director Ross Gallinger to speak at a special event on “Responsible Extractive Sector Development: Maximizing Value and Transparency” being held on the margins of the 67th Session of the United Nations General Assembly, September 24 in New York. Mr. Gallinger will speak about responsible mineral development and new transparency initiatives in Canada.

PDAC President to Speak at Toronto Global Forum

PDAC President Glenn Nolan will be speaking at the Toronto Global Forum (TGF), October 2 – 3 at the Metro Toronto Convention Centre. This year’s summit is titled “Leading Economic Change: New Growth Opportunities - Energy, Natural Resources, Infrastructure, Finance and Trade.” Mr. Nolan will be speaking on the topic of “Mining in an Uncertain Global Economy: Prospects and Outlooks.” The TGF is a non-profit organization fostering dialogue on national and global issues held under the auspices of the International Economic Forum of the Americas (IEFA).

PDAC to Attend IGF AGM in Geneva Switzerland

PDAC President Glenn Nolan and PDAC Executive Director Ross Gallinger will be attending the AGM of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) in Geneva, Switzerland, October 16 – 18, 2012. The meeting will give participants the opportunity to exchange their experiences and knowledge of managing the challenges of advancing sustainable development, and to engage with the proponents of global and regional initiatives relevant to the mining and metals sector. The IGF’s broader objective is to promote the contribution of the mining, minerals, and metals sector to sustainable development and enhance governance capacity in the sector.

PDAC to Attend ICMM Bi-Annual Meeting

Another stop in Europe for the PDAC President and Executive Director will be London, for the International Council on Mining and Metals’ (ICMM) AGM, October 11 – 15.  ICMM was established in 2001 to improve sustainable development performance in the mining and metals industry. Today, it brings together 22 mining and metals companies as well as 34 national and regional mining associations and global commodity associations.

Geology Matters in Nova Scotia

The annual Geology Matters conference is taking place October 29 – 30, 2012, at the Westin Nova Scotian in Halifax. The conference aims to attract a broad audience around the theme of “Growing the Economy” and will be the place to be to hear about the exciting results of the exploration season and to learn about the impact the mineral industry plays in growing the economy of Nova Scotia. For more information about the conference, visit the Nova Scotia Department of Natural Resources’ website.

Mining Business Risks Summit 2012: 10% Discount for PDAC Members

CRU Group and the Fraser Institute are hosting the annual Mining Business Risks Summit November 1 – 2, 2012, in Toronto at the InterContinental Toronto Centre. Topics to be discussed at the conference include: assessing emerging trends in mining royalties and taxation—what’s the impact on investment?; mining costs escalation—how tight will margins get squeezed?; understanding the potential impact of local decisions on enterprise risk; and weighing the importance of different types of risk—how can risk management be improved? For more information and to register, click here. PDAC members receive a 10% discount for the conference.