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May 19, 2015, No. 126

May 19, 2015, No. 126



Levelling the Playing Field – A study of exploration costs in Canada’s North
The cost to explore and build new mines can be as much as 2.5 times higher in Canada’s North than in other regions of the country, according to a new study entitled Levelling the Playing Field. The findings suggest the increase cost of exploring the North is due to a lack of critical infrastructure, which creates major obstacles to explore and operate in Canada’s remote and northern regions. The study was produced by the the Prospectors & Developers Association of Canada (PDAC), Mining Association of Canada (MAC), the Association of Consulting Engineering Companies - Canada, the NWT & Nunavut Chamber of Mines, and the Yukon Chamber of Mines.

Lands & Regulations
Mining Act Modernization – Phase 3 Update
The Ontario Ministry of Northern Development and Mines (MNDM) is moving forward with a one-time, mandatory approach to conversion, subject to the enactment of a number of amendments to the Mining Act that are expected to occur sometime in the fall of this year. For more information click here, or contact: Roy Denomme
Project Lead, Mining Act Modernization
[email protected]
(705) 670-3019.

Public Affairs
Amendments to Investment Canada Regulations
On April 24, amendments to the Investment Canada Act regulations came into effect. The amendments raise the threshold at which foreign acquisitions of Canadian businesses are reviewed from $369 million to $600 million in enterprise value. The review threshold will increase to $800 million in enterprise value starting April 24, 2017, and to $1 billion in enterprise value starting on April 24, 2019.Bloomberg reported that as a result of these changes 121 publicly-traded businesses, primarily in the energy and mining industries, will no longer undergo the automatic reviews. 

Corporate Social Responsibility
PDAC’s Updated Community Engagement Guide for Mineral Explorers
In response to feedback from stakeholders and members, PDAC has recently updated the Community Engagement chapter within the Social Responsibility Toolkit found in e3 Plus: A Framework for Responsible Exploration. This new chapter has been designed as a practical and straightforward resource designed to help geologists and project managers to engage with local stakeholders and build positive relationships. This easy-to-use guide is broken down into four chronological phases: Before You Leave, When You Arrive, While You Explore, and When You Leave. To learn more about the guide, or to download a copy, please click here

PDAC 2016 Convention
Priority Renewal application forms and floor plans for the Investors Exchange and Trade Show & Trade Show North will be available July 14 at 10:00 am EDT 
New Exhibitor application forms will be available August 27 at 10:00 am EDT 

May and June Events at a Glance
PDAC First Vice President Bob Schafer, PDAC Executive Director Andrew Cheatle, and PDAC Senior Program Director Nadim Kara will participate in the 9th Annual IFC Sustainability Exchange May 20-21 in Washington, DC 
PDAC President Rod Thomas will be speaking at the Ontario – India Mining Exchange Forum hosted by the MNDM on May 27 
The 9th annual Diamond in the Rough Golf Classic in support of Mining Matters will be taking place on Thursday, June 4 at Woodington Lake Golf Club in Tottenham 

Prospectors &
Association of
Copyright 2014
135 King Street East
Toronto, Ontario M5C 1G6
416 362 1969
Fax 416 362 0101
[email protected]
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