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November 15, 2012, No. 96

Up Front

PDAC Welcomes New Senior Program Director

The PDAC welcomes Nadim Kara to the position of Senior Program Director. Mr. Kara brings fifteen years of public policy development experience in both government and civil society, ranging from community engagement work to promoting sustainability in global supply chains. Throughout his career, Nadim has maintained an active interest in the relationship between private sector activity and social and environmental sustainability, particularly with respect to the role of the extractive sector.

Most recently, Mr. Kara was a Senior Policy Analyst with the federal Minerals and Metals Sector within Natural Resources Canada. In this capacity Nadim worked on a range of initiatives aimed at enhancing the competitiveness and responsibility of the industry, including a number of projects managed in conjunction with the joint federal/provincial/territorial Intergovernmental Working Group on Minerals and Metals.

Nadim has an undergraduate degree from UBC in International Relations and a Master’s degree in Political Science from York University, where his thesis focused on the emergence and evolution of corporate social responsibility initiatives in a number of industries.

PDAC President Participates in Mining Conference in China

PDAC President Glenn Nolan participated in China Mining in Tianjin, China, November 1 – 6, 2012. Mr. Nolan chaired the panel session on "Mining in Canada" with presenters from B.C., Alberta, Saskatchewan, NL, Québec and the Yukon. The event was standing room only and the panelists were asked many questions following the presentations.

China Mining has grown considerably since the first time it was held in 1999. The scope and influence has increased each year; China Mining 2012 attracted more than 6,000 delegates from 55 countries and nearly 450 exhibitors.

Following the China Mining conference, Mr. Nolan presented on Indigenous/Aboriginal issues affecting mining at the 3rd Annual International Mining Finance and Capital Market Conference in Beijing, an event organized by the Canadian Institute of Mining, Metallurgy and Petroleum and the Canada China Business Council.

TThe PDAC in Mongolia

PDAC Director Keith Spence attended the Invest Mongolia 2012 mining investment conference, September 2 – 4, in Ulaanbaatar. Mr. Spence chaired one of the plenary sessions and gave a presentation on the PDAC, and also participated in panel discussions on mining valuation and on resource nationalism and its effect on mining exploration investments in Mongolia.

Conference topics included the global commodities market; raising capital and reporting and governance challenges; the importance of corporate governance in Mongolia; mining IPOs, reserves, resources and the mineral expert report; investment opportunities in Mongolia; and the Mongolia Stock Exchange. Approximately 610 delegates from over 15 countries attended the conference.

Advocacy

PDAC Voices Concerns over Proposed Changes to Foreign Affiliate Rules

On October 13, 2012, PDAC Executive Director Ross Gallinger sent an open letter to the Honourable James Flaherty, Minister of Finance, expressing concerns over proposed regulatory changes to foreign affiliate rules first announced in the 2012 Federal Budget and now contained in Bill C-45. In the letter, Mr. Gallinger expresses serious reservations about proposed amendments to the tax rules governing the taxation of income earned by foreign affiliates of Canadian taxpayers.

The PDAC and other industry stakeholders assert the new rules—intended to prevent foreign multinationals from extracting profits from their Canadian subsidiaries without paying Canadian withholding tax—would deter foreign investment in Canada, and unnecessarily challenge Canada’s place as a leader in mineral exploration, development, financing, mining and related technologies, services and activities. “It is important to ensure that due consideration is given to the impact of these legislative amendments on our industry and that measures introduced are perceived as both fair and balanced,” said Mr. Gallinger in the letter.

For more information on the draft legislation, click here. To read Mr. Gallinger’s letter, click here.

Lands and Regulations

Deadline Extended to November 30 for Stakeholder Input into NWT and Nunavut Mining Regulations

The deadline for stakeholder input into the proposed regulatory changes to the Northwest Territories and Nunavut Mining Regulations has been extended to November 30, 2012. The regulations are being updated as part of Aboriginal Affairs and Northern Development Canada’s modernization process for the way that mineral claims are acquired in Nunavut. The change will allow licence holders to acquire mineral rights using a web-based system which includes an interactive map, a pre-defined grid and an on-line shopping cart to pay fees. For more information and to submit comments on the proposed changes, click here.

PDAC 2013 Short Course: A Practical Guide to Land Management in Canada—Meet the Regulators!

The PDAC will be offering a full-day short course on March 2, 2013, that will provide practical guidance on land use and permitting within regulatory regimes across Canada. The course will be information intensive, focusing on the grass-roots to late stage exploration stages.

Presentations will be made by the regulators themselves, providing a unique opportunity to ask questions, develop relationships and learn about the changes happening across the country. Participants will be provided with an up-to-date comprehensive binder containing the presentations from each jurisdiction as well as a summary of preliminary land use requirements for the provinces and territories of Canada. For more information, click here. Delegate registration begins in December 2012.

Aboriginal Affairs

PPDAC to Participate in Aboriginal Mining Education Forum

The PDAC is participating in the Aboriginal Mining Education Forum November 20 – 21, 2012, at the Hyatt Regency in Toronto. PDAC President Glenn Nolan is the keynote speaker for the forum, and the PDAC’s program director for Aboriginal Affairs, Scott Cavan, will be participating on the national panel. The event, hosted by the Mining Industry Human Resources Council, will bring together representatives from Aboriginal organizations, education, and mining and mineral exploration. Click here for more information.

PDAC to Attend AFN Special Chiefs Assembly

The PDAC will be attending the Assembly of First Nations (AFN) Special Chiefs Assembly in Ottawa, December 4 – 6. Panel presentations on “Section 35 & Protecting First Nations Sovereignty” and  “Our Fair Share: Free, Prior & Informed Consent, Resource Revenue Sharing & New Fiscal Relations” will be held, as well as a special session that will review the impacts of administrative law on Aboriginal and treaty rights.

CSR

ICMM Launches Publications on Mining’s Role in Economic Development

The International Council of Mining and Metals (ICMM) released two new publications in October: The role of mining in national economies and Trends in the mining and metals industry. The publications are the fourth and fifth releases in an ongoing series focusing on mining's contribution to sustainable development. Trends in the mining and metals industry provides a forward looking discussion of trends likely to govern the evolution of the industry over the next decade, and The role of mining in national economies examines the contribution of mining activities in 212 countries.

Landmark Achievement: Conflict-Free Gold Standard Published

On October 18, the World Gold Council published the Conflict-Free Gold Standard. The Standard provides a common approach by which gold producers can assess and provide assurance that their gold has been extracted in a manner that does not cause, support or benefit unlawful armed conflict or contribute to serious human rights abuses or breaches of humanitarian law. The Standard is the first initiative developed by the private sector that provides an approach for operating in areas impacted by armed conflict. For more information, visit the Gold Council’s website.

Student Affairs

PDAC 2013 Convention Student Program

The Convention travel funding form is now available online for student groups attending the PDAC 2013 Convention. Applications will be approved on a first-come, first-served basis.

Volunteer applications are also now available. In exchange for volunteering for two 4-hour shifts, volunteers receive free delegate registration and a ticket to either the Mineral Outlook Luncheon or the Innovation Luncheon (valued at $70). This year there are two volunteer opportunities available: the IAMGOLD Ambassador Program (click here to apply) and the Mobi Master (click here to apply). Mobi Masters are required to have their own smart phone and must be comfortable with approaching people to encourage them to use the Mobi app.

Two new events have been added to the student program for PDAC 2013; for more information, visit the PDAC student website.

Student Outreach Efforts Continue

PDAC student outreach efforts are ongoing across Canada. On October 30, PDAC Director Lawrence Winter spoke to a group of students at Memorial University in St. John’s, Newfoundland about careers in the mineral exploration industry. PDAC Director Tara Christie will be giving a talk at Yukon College in Whitehorse on November 15 and PDAC President Glenn Nolan will be speaking to students at Lakehead University in Thunder Bay on November 23.

Mining Matters

Mining Matters Programs in Québec and Ontario

Mining Matters’ Aboriginal Education and Outreach Programs are underway with ten Mineral Exploration and Development Workshops being delivered in collaboration with the Ontario Ministry of Northern Development and Mines. The workshops, which attract members of Aboriginal communities across northern Ontario, provide information about the mining cycle and the importance of the mining industry, and assist communities with their ability to respond to future opportunities in the mining sector.

Mining Matters’ Teacher Training and School Programs continue to expand into Québec with participation in a number of conferences, presentations, and teacher workshops in Montreal and Laval, including the Québec Provincial Association of Teachers Convention and Québec Mines. Mining Matters will also be exhibiting and delivering workshops at the upcoming Science Teachers Association of Ontario convention.

PDAC-Caracle Cup Hockey Tournament 2013

Mining Matters is gearing up for its annual PDAC-Caracle Cup Hockey Tournament, set for March 2, 2013. Sponsorship packages and team registration are now available. For more details, please contact [email protected].

PDAC 2013 Convention

Attend a Short Course at PDAC 2013

Enhance your PDAC 2013 experience by attending a short course. The PDAC is offering a record number of short courses this year to assist attendees with professional development goals and increasing their knowledge of the industry. For further information and course descriptions, click here.

Delegate Registration Opens in December

Registration for Convention will open in early December. Watch for your registration brochure in the mail to learn about the record number of technical sessions and short courses being offered at PDAC 2013! For more information and registration fees, click here.

Apply for the PDAC 2013 Innovation Forum

Are you a Trade Show exhibitor who has a new product, service, exploration development, discovery, or recent technical or commercial success to announce? If so, apply for a speaking opportunity at the Innovation Forum organized by CAMESE. The Innovation Forum gives registered Trade Show exhibitors an opportunity to inform Convention attendees of their innovations. The deadline to apply is November 16 at 5:00 p.m. EST. For more information and to apply, click here.

Sponsorship—Building Your Brand at Convention

Whether you’re a junior exploration company, consulting firm or industry giant, the PDAC 2013 Global Sponsorship and Marketing Program can put your name in front of more than 30,000 international attendees, clients and shareholders. If you are interested in achieving a higher level of visibility, competitive edge and first-rate logo exposure, take advantage of the PDAC Convention’s Sponsorship and Marketing Program. Opportunities are posted here. Increase your exposure and distinguish your company from its competitors at PDAC 2013.

Exhibits—Sold out!

Response for this year’s Trade Show and Investors Exchange has been outstanding! We have now sold all available booth space.

Government News

Northern Jobs and Growth Act Introduced

On November 6, John Duncan, Minister of Aboriginal Affairs and Northern Development, introduced Bill C-47, the Northern Jobs and Growth Act. Bill C-47 is aimed at establishing regulatory clarity in regards to project permitting and investment in Canada’s North.

The Act includes the Nunavut Planning and Project Assessment Act and the Northwest Territories Surface Rights Board Act, along with amendments related to the Yukon Surface Rights Board Act. Together, these measures fulfill outstanding legislative obligations under the Nunavut Land Claims Agreement as well as the Gwich’in and Sahtu Land Claim Agreements, and respond to calls for measures to streamline and improve regulatory processes in the North. For more information, click here.

Ontario Releases Statement on Aboriginal Consultation

On November 9, 2012, Rick Bartolucci, Ontario Minister of Northern Development and Mines, released a statement on consulting with Aboriginal communities on mineral exploration and development. “Our government is responsible for managing Crown lands and the natural resources of this province. In so doing, we must balance the need to promote economic development and our thriving mineral exploration and development sector with our commitment to meeting our constitutional obligations to Aboriginal peoples,” Mr. Bartolucci said in the statement. To read the rest of the statement, click here.

Other News

PParticipate in the Fraser Institute’s Survey of Mining Companies

The Fraser Institute is conducting its annual survey of how miners and explorers rate the investment climate of jurisdictions around the world. The results identify the countries, states and provinces whose policies create the greatest barriers to investment in the mining sector. The 2011/2012 survey results can be accessed here. To participate in this year’s survey, click here. For more information, contact Alana Wilson, survey coordinator, at 604.688.0221 ext. 547 or [email protected].

PWC Releases Annual Report on Junior Mining Sector

PricewaterhouseCoopers (PwC) released its annual junior mining report on November 5, Junior Mine 2012: Must Survive Before You Can Thrive.  PwC reports that equity financing raised by 2012’s top 100 mining companies listed on the TSXV decreased by 41% totaling $1.6 billion compared to $2.7 billion raised by 2011’s top 100 juniors, among other findings.

Looking Ahead

Exploration and Mining Conferences in Québec

The PDAC will be participating in two conferences in Québec in November: the Québec Mining Exploration Convention takes place November 19 – 22 at the Chateau Frontenac, and Québec Mines takes place November 26 – 29 at the Québec City Convention Centre. The theme of Québec Mines 2012 is “Of Mines and Men,” a theme that focuses on the human aspect of mining and mineral exploration.

Schulich International Case Competition on Sustainability

The 2012 Schulich International Case Competition (SICC) will be held at York University on November 30 and December 1. PDAC Executive Director Ross Gallinger will be a judge on the SICC panel reviewing MBA students’ solutions to real-world business problems from the mining industry. This year’s competition, the second year for the SICC, will focus on community engagement issues in the mining industry.

SEG 2013 Conference in Whistler, B.C.

Join the Society of Economic Geologists and colleagues from industry, government and academia September 24 – 27, 2013, in Whistler, B.C. to learn about exciting developments in mineral deposit research and discovery at the SEG 2013 Conference. SEG 2013 will feature invited and submitted talks on topics that represent the leading edge of research and exploration, as well as poster presentations, exhibits, numerous short courses and field trips. For more information, visit the event’s website, or contact Donna Roberts at [email protected].