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February 15, 2013, No. 99

Up Front

PDAC Promotes the Convention in Ottawa

PDAC President Glenn Nolan led the charge to Ottawa to promote the PDAC Convention to key individuals and generate support for the industry. The event attracted 150 people to the Rideau Club including diplomats, cabinet ministers and a host of MPs. During his remarks, Mr. Nolan stressed the importance of the mineral sector to the national economy and encouraged greater participation from Ottawa.

Greg Rickford, Parliamentary Secretary to the Minister of Aboriginal Affairs and Northern Development, brought greetings on behalf of the government, stressing the significance of the sector to the Canadian economy. “Organizations like the Prospectors and Developers Association—and [the] annual convention, are excellent channels for the resource sector, First Nations, international partners and government to come together to explore how to ensure that Canada’s mining sector remains a robust driver of jobs and economic growth that benefits all Canadians,” said Mr. Rickford.

As the first event of its kind to promote the PDAC Convention to the federal government, it was a huge success. “This event provided the PDAC with an important platform to get our message out to some of the most influential people in Ottawa,” notes PDAC Senior Director of Public Affairs and Communications, Steve Virtue. “The interest and enthusiasm for our convention was fantastic.”

A total of 26 MPs attended the reception, including the Honourable Leona Aglukkaq, Minister of Health, Minister of the Canadian Northern Economic Development Agency and Minister for the Arctic Council and the Honourable Bal Gosal, Minister of State (Sport). Senior officials and political staff from nearly a dozen federal departments filled the room, along with diplomats from nine countries, and members of industry and the media. Check out the event photos here.

PDAC Participates in Chamber of Commerce Mining Report Launch

On January 30, the PDAC participated in the launch of the Canadian Chamber of Commerce report, Mining Capital: How Canada Transformed Its Resources Endowment Into a Global Competitive Advantage. The report details how Canadian mining companies have provided the leverage for finance, insurance, specialty manufacturing and other related industries to succeed in highly competitive sectors.

As part of the launch, the Chamber hosted a roundtable consisting of members of the mineral industry, industry associations, supplier and service organizations, and Chamber of Commerce representatives, and representatives from the TSX. During the discussion, PDAC Executive Director Ross Gallinger spoke about the exploration sector and the challenges it faces, including challenges around access to land and access to capital. PDAC Past President Jon Baird spoke extensively about the opportunity for Canadian companies to market their goods and services on a global scale. Participants voiced their app reciation for the opportunity to take part in the roundtable and for the new report.

Canadian Chamber of Commerce President & CEO Perrin Beatty will be discussing the report at the PDAC Convention at the Innovation Luncheon on Wednesday, March 6, 2013. Tickets are available here.

PDAC Goes to Mining Indaba

PDAC President Glenn Nolan and 2nd Vice President Robert Schafer attended Mining Indaba in Cape Town, South Africa, February 4 – 7, 2013. Mining Indaba is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining.

“The conference was a great place to network,” says Mr. Nolan, who met with government officials from various African countries, many of whom are interested in attending the PDAC Convention for the first time. “The common theme of our discussions was how these countries can attract more investment in mineral exploration. Many consider Canadian companies to be leaders in finding and developing new mineral resources and assisting with the development of in-country infrastructure.”

PDAC Survey on Tax Treatment of Expenditures for Community Consultation, Environmental Studies and Feasibility Studies

The PDAC requests your help in completing a survey to ensure that funding from flow-through shares and other tax incentives for mineral exploration in Canada continue to provide optimum benefits to the exploration industry. The results of the survey will be used by the PDAC in its discussions with federal and provincial government officials about such tax incentives. To participate in the survey, click here.

PDAC Seeks Program Director, Lands and Regulations

The PDAC is seeking a Director for its Lands and Regulations Program. The Director will work on regulatory issues (e.g. environmental assessments, licenses and permitting); infrastructure issues (e.g. geoscience, transportation and energy) and land-use issues (e.g. integrated land management; protected areas; other land withdrawals).

For more information on this opportunity, please contact Nicole Poirier or Eric Slankis of Renaud Foster Executive Search at [email protected] or [email protected], or at 613-231-6666/1-800-513-8117. View the Linkedin posting here.

Mining Matters Update

The start of 2013 has been a busy one for Mining Matters as it continues with its outreach and programming. They were in Rankin Inlet, Nunavut, for a science curriculum working group session from January 21 – 25; at pre-service teacher workshops at Queens University, York University and OISE during the last two weeks of January; at the Ontario Science Centre facilitating four mining and minerals activities with the Young Toronto Mineralogist Club on January 26; and in Ottawa leading a professional development workshop on February 15.

Mining Matters will once again be offering a professional development day for educators as well as workshops for students at the upcoming PDAC Convention. Look for youth in red T-shirts on the convention floor—they’ll be learning about Canada’s most important industry!

The deadline for the WHERE Challenge has been extended to April 15, 2013. The WHERE Challenge is a national contest endorsed by the Canadian Earth Sciences community that asks students aged 9 – 14 years of age to discover the answers to these questions: what on earth is in your stuff and where on earth does it come from? The contest is also now on Twitter @WhereChallenge.

Advocacy

PDAC Presentation to the Standing Committee on Aboriginal Affairs and Northern Development

On February 5, 2013, Nadim Kara, the PDAC’s Senior Program Director, presented an exploration industry perspective on Bill C-47 to the Standing Committee on Aboriginal Affairs and Northern Development. Bill C-47, also known as the Northern Jobs and Growth Act, enacts the Nunavut Planning and Project Assessment Act and the Northwest Territories Surface Rights Board Act. The PDAC presentation, jointly produced with the NWT and Nunavut Chamber of Mines, is available here.

Securities

Securities Committee Studying Crowdfunding and Other Proposed Capital Raising Prospectus Exemptions

The PDAC Securities Committee is reviewing crowdfunding and other capital raising prospectus exemptions proposed by the Ontario Securities Commission (OSC). “Crowdfunding” refers to the process by which many investors of small amounts of funds come together to finance organizations with limited access to conventional sources of capital.

To date, North American “crowd financiers” have been limited to receiving rewards other than securities for their contributions. However, North American regulators are at various stages of enacting rules that would permit such prospectus-exempt issuances of securities.

The OSC has proposed that crowdfunding be available to reporting and non-reporting issuers alike. While the prospective crowdfunding exemption may be of limited use to the mineral exploration and development industry, it is not the only new exemption being proposed by the OSC. For more information, click here. PDAC members will have an opportunity to comment on the proposed exemptions when OSC representatives speak to the subject on the Securities Committee`s February 28th meeting.

CSR

CEO Panel: Mining’s Contribution to Sustainable Development

At the PDAC 2013 Convention, the International Council on Mining and Metals (ICMM) and the PDAC will host a CEO panel on Tuesday, March 6, from 4:00 – 6:30 p.m. ICMM’s President Anthony Hodge will moderate a conversation among five CEOs focusing on the contribution of the mining and metals industry to sustainable development. Over 300 mining executives and investors are expected to attend. The session will be held in Room 718 AB. The event is open to all convention delegates and the public, and is free to attend. Registration is not required. For more information, click here.

Updated e3 Plus Principles and Guidance Notes Booklet Now Available

The PDAC has updated the e3 Plus Principles and Guidance Notes to further support companies in practicing responsible exploration. Hard copies of the pocket-size booklet can be ordered by contacting [email protected]. The booklet is available free for download on the e3 Plus website.

Student Affairs

Virtual MineMentor Program: Become a Mentor Today!

The Mining Industry Human Resources Council’s (MiHR) Virtual MineMentor Program has begun a new semester of mentorship and there is an urgent need for mentors across a number of disciplines. Mentors are given the chance to share their knowledge and experiences with post-secondary students who are interested in a career in mining and mineral exploration.

Currently, there is a pressing need for mentors with expertise in: Geology/Earth Sciences; Mining Law; Mining Engineering; Corporate Social Responsibility; Business; and Oil Sands. For more information or to register, click here, or contact Program Coordinator Ziad Saab at [email protected].

2013 Mary-Claire Ward Award Winner

Congratulations to Danielle Thomson, winner of this year’s Mary-Claire Ward Geoscience Award. Danielle, a PhD student in the Department of Earth Sciences at Carleton University, will be presented with the award at the Student-Industry Networking Luncheon on March 5, at the PDAC 2013 Convention.

The intent of the $5,000 award is to encourage and support a graduate student in Canada whose thesis will contribute to our knowledge of the geological history of Canada. Mapping is a significant component of the winning thesis. Application details are posted at pdac.ca and gac.ca  by October 1st each year; the deadline for applications is mid-December. For more information about the award, click here.

2013 Student-Industry Mineral Exploration Workshop Participants Announced

The PDAC has announced the 25 geoscience students who will be participating in the PDAC’s 2013 Student-Industry Mineral Exploration Workshop (S-IMEW). The workshop takes place in Sudbury, Ontario, from May 4- 17, and includes a four-day field trip to Timmins, Ontario and Noranda, Quebec.

Over the course of the two weeks, industry experts will introduce the students to a wide range of topics, including geochemistry and geophysics, mineral economics, corporate social responsibility, and Aboriginal participation in mineral exploration. The students will also tour mine sites and participate in mapping exercises.

The PDAC relies on industry support to host this important educational workshop. Waterfront Mining Group, the Premier Sponsor in 2013, will be sending a young geologist to participate in the workshop. Information about S-IMEW, the 2013 participants, and sponsorship opportunities can be found here.

Student Events at PDAC 2013

The Student Program at PDAC 2013 has grown to include two new events this year—the PDAC-SEG Canada Mineral Colloquium and Convention Kickstart. The Student-Industry Forum is back for a second year, moving to a larger room, and the Student-Industry Networking Luncheon is also back and moving to a larger venue in the North Building. Don’t forget to plan your visit to the convention in advance using planning tools such as the student’s guide to convention  webinarMobi and the new convention video

Student Outreach Continues

On February 6, the PDAC participated in Geoskills 2013, a student-industry conference whose goal is to bring students and industry professionals together for a day of lectures, learning and networking. PDAC board members Michael Marchand and Daniel Beauchamp answered questions about the mineral exploration industry at the PDAC booth, and talked with students during the student-industry mixer.

PDAC 2013 Convention

Convention Evening Events

The convention is a great opportunity to network and socialize with attendees from around the world. Attend one of the many Evening Events such as the Awards Evening on Monday, March 4, or the Denim & Diamonds Hoedown Gala Party on Wednesday, March 6. Further event information and ticket sales are available here.

Finance and Securities Sessions at PDAC 2013

Have all of your finance questions answered during PDAC 2013! Attend one or all of the many sessions offered:  Special session on continuous disclosure and recent regulatory developments (OSC)Ontario Securities Commission exempt market reviewWeathering the storm and finding the silver liningCapital raising: TSX Venture ExchangeTechnical Session: Financing in a volatile marketInternational Panel Luncheon with moderator Raymond Goldie; and Short Course: Mineral disclosure best practices

PDAC 2013 Luncheons

PDAC 2013 offers a unique opportunity to get up close and personal with speakers such as Tom Butler, Global Head of Mining, International Finance Corporation and the Honourable Perrin Beatty, President and CEO, Canadian Chamber of Commerce. Don’t miss out on these great speakers! Tickets are available here.

Mobi

Do you have Mobi on your smartphone? Plan meetings, build your schedule, and search exhibitors, floor plans, technical sessions, speakers and other attendees in real time. Click here to scan the QR code and download Mobi today!

PDAC 2013 How-To Video

Watch the new PDAC 2013 how-to video for tips on making the most of your time at PDAC 2013. There’s so much to do and we don’t want you to miss a thing!

Government News

Ontario Invests in Skills Training for Ring of Fire

On January 15, the Ontario government announced $3.1 million in funding for skills training and development projects in six First Nation communities in the Ring of Fire. New projects will focus on providing community and economic development support to First Nations to help them participate in potential Ring of Fire developments. Training and development areas include: heavy equipment operation; pre-employment trades training; and general educational preparation.

Government Invests in Aboriginal Skills Training in Saskatchewan

On January 17, the federal government and the Saskatchewan government announced millions in funding for Northern Career Quest (NCQ) to provide Aboriginal people in Saskatchewan with classroom and on-site training and work experience in the mining industry. The federal government is investing $7.9 million in NCQ while the provincial government is investing $1.5 million in the project. The project is also getting funding from industry partners, including Cameco and Areva, as well as Northlands College.

Public Engagement on NWT Mineral Development Strategy

In January the Northwest Territories kicked off public engagement for developing the province’s Mineral Development Strategy with the release of a discussion paper. Residents and organizations are encouraged to review the paper and email feedback and suggestions to [email protected]. The NWT Mineral Development Strategy is a partnership between the Government of the Northwest Territories and the NWT and Nunavut Chamber of Mines. For more information, click here.

B.C. Announces Additional Funding to Speed up Permitting for Mining Exploration Projects

During Mineral Exploration Week in B.C., January 28 – February 2, B.C. Premier Christy Clark announced an additional $7 million in funding for efficient permitting for water, land and mining exploration, better processing times, and reducing the average turnaround for Notice of Work applications. In February 2013, the B.C. government will be shifting to electronic applications for B.C.'s natural resources related authorizations.

Following the Premier’s announcement, B.C. Minister of Energy, Mines and Natural Gas Rich Coleman announced the specifics of several regulatory changes “designed to cut red tape and make exploration and mining more efficient in B.C.” For details about these changes, click here. During B.C. Mineral Exploration Week, the province also announced that the preliminary estimates for exploration expenditures are $680 million in 2012, up 47% from 2011.

Other News

Facts and Figures 2012 Released

On January 17, the Mining Association of Canada released its Facts and Figures 2012 report with updated figures for the Canadian mining sector. Some of the highlights of the report include: exploration investment in Canada reached a record $3.9 billion in 2011; Canada remained the world’s top destination for exploration spending in 2011, hosting 18% of global investment; Canadian mineral production value rose 21% to a record $50.3 billion in 2011; and the sector contributed $35.6 billion to the national GDP and employed 320,000 workers across the country in 2011—both increases over 2010 figures.

New Report: Mining in Canada’s North Expected to Double by 2020

At the end of January, the Conference Board of Canada released a report titled The Future of Mining in Canada's North. The report finds that the mining sector in Canada’s North is forecast to almost double its output and employment by the end of the decade. The report says this growth depends on greater efforts by industry, governments and communities to address key issues including infrastructure, regulatory uncertainty, skills shortages and Aboriginal rights.

Looking Ahead

Toronto Region Board of Trade Mining Event

On February 22, 2013, David Garofalo, President & CEO, Hudbay Minerals, will be speaking at the Toronto Region Board of Trade about current mining issues and how Canada can successfully navigate through the changing mining scene. For more information and to register, click  here..

CIM 2013 Convention

The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) will be holding its annual convention May 5 – 8, 2013, at the Metro Toronto Convention Centre. The CIM Convention draws over 5,000 participants for a content-rich technical conference, a 500-booth exhibition and an array of networking events. For more information about the conference, click here.