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March 29, 2017, No. 148

PDAC
March 29, 2017, No. 148
 
HIGHLIGHTS FROM PDAC 2017
 
SASKATCHEWAN BACK ON TOP
 
 MEET PDAC's NEW PRESIDENT
 
S-IMEW CELEBRATES 11 YEARS
Budget 2017 supports mineral exploration and mining industry
PDAC provided several recommendations to the Federal Government for Budget 2017. We are pleased to see several measures included that support Canada’s mineral exploration and mining sector—one of the most important contributors to national employment and the economy.

In particular PDAC supports:
  • Renewal of the Mineral Exploration Tax Credit (METC) until March 31, 2018 and maintenance of the flow-through share system. 
  • Infrastructure investment for remote and northern Canada—including through the Canada Infrastructure Bank—where exploration projects have average costs of 227% more than non-remote projects.
  • Support for skills development and training for Aboriginal people through the $50 million Aboriginal Skills and Employment Training Strategy, that can assist in accessing employment and economic opportunities generated by the minerals industry.
  • Investment in clean technology development through a $1 billion commitment over four years for industries such as mining, and a new five-year Strategic Innovation Fund.
  • Emphasis on gender equality, which PDAC has championed throughout the sector.
The Budget, released on March 22, had a clear emphasis on innovation, clean technologies and gender equality. We look forward to seeing these initiatives benefit our members. Read our release

PDAC Convention
 
Highlights from the 85th 
PDAC Convention in Toronto
Attendance at the PDAC 2017 Convention totalled 24,161—a strong indication that confidence has returned to the mineral exploration and mining industry.

Some of the highlights from the 2017 Convention include:

 
  • During his address at the Media Reception, the Honourable Jim Carr, Canada’s Minister of Natural Resources, announced the renewal of the METC for one year, along with the maintenance of the flow-through share system. Over 20 Parliamentarians attended, including three Cabinet Ministers.
  • PDAC, in partnership with the World Economic Forum, hosted the International Mines Ministers Summit (IMMS) for the second year. This year’s Summit focused on clean innovation and brought together 25 Ministers responsible for mining from around the world.
  • An outstanding Technical Program featured Mark Cutifani, Anglo American, who led the Commodities and market outlook session, while Mark Bristow, Randgold Resources Limited; Lukas Lundin, Lundin Mining Corporation; and Roque Benavides Ganoza, Buenaventura, spoke during the Keynote session: What drives success in our industry?
  • Over 1,000 exhibitors participated in the Trade Show, Trade Show North, Investors Exchange, Mining Marketplace, Core Shack and Prospectors Tent.
  • The sold out Mineral Outlook Luncheon featuring Dr. Dambisa Moyo—one of TIME Magazine’s 100 Most Influential People and New York Times best-selling author—discussed Global shifts in economics, geopolitics & business: What's it going to take to be successful?
  • Attendees enjoyed continuous networking opportunities: 700 people celebrated at the sold out Awards Gala & After Party. Seven industry leaders were honoured with prestigious awards in recognition of their excellence; the new and free Grand Finale saw over 500 attendees dance, dance, dance as they celebrated the success of PDAC 2017, the world’s premier mineral exploration and financial convention!
  • Many Short Courses sold out and, for the first time, Laurentian University’s Mineral Exploration Research Centre offered a workshop titled New exploration methods for base and precious metal deposits: How to increase success in Greenstone Terranes.
Thank you to all of our PDAC 2017 Convention Sponsors. PDAC would also like to express its sincere appreciation to our 2017 partners for their valued support.

Mark your calendars for the PDAC 2018 Convention from March 4-7, 2018 at the Metro Toronto Convention Centre in Toronto.

Membership
 
Meet PDAC’s new President
Glenn Mullan has started his term as the 36th President of PDAC. Over his +40-year career, Glenn has followed a traditional exploration and prospecting path which led him to brokering numerous prospector and vendor transactions. He formed a public company in 1999 that evolved into a Ni-Cu-PGE producer that currently employs more than 300 people in Val D’Or, Northern Québec. Glenn answered some questions so that we can get to know him better. Learn more.
 
PDAC priorities get a makeover
With so much happening at PDAC, our efforts—along with our extensive database of information—have often found themselves buried deep on our website and difficult to find. We undertook a clean-up and condensed our policy areas into one neat and tidy section titled Priorities. Here you will find current information about Aboriginal affairs, access to capital, access to land, advocacy, and responsible exploration. Check it out
 
Board elects new members
PDAC‘s Board of Directors elected 12 members who were approved at the Annual General Meeting on the opening day of the PDAC 2017 Convention. These leaders will help support PDAC’s mandate to further enhance Canada’s mineral exploration and mining sector and promote the interests of our 8,000 members. Learn more

Advocacy
 
Saskatchewan back on top
Saskatchewan ranked as the world’s top mining destination, followed second by Manitoba, in the Fraser Institute’s Annual Survey of Mining Companies 2016. The survey rates 104 jurisdictions around the world based on geologic and policy attractiveness. The survey also shows that Canada is competitive globally when it comes to approving exploratory mining permits, but some provinces are falling behind, while the U.S., Australia and Scandinavia are more transparent and offer more certainty. Learn more. 

Human Resource Development
 
S-IMEW celebrates 11 years
PDAC selected 25 top Canadian post-secondary geoscience students for the 11th annual Student-Industry Mineral Exploration Workshop (S-IMEW), to be held in Sudbury, May 4-19. S-IMEW provides students with a firsthand glimpse into the minerals industry and its extensive career options. This year’s workshop starts with a keynote by Keith Barron, Chairman & CEO of Aurania Resources Ltd, at Dynamic Earth.
 
S-IMEW allows students to participate in lectures, presentations and hands-on sessions that include exploration techniques, mineral economics, geophysics, geochemistry, mine tours, regulatory requirements, environmental sciences, health and safety, and corporate social responsibility. A four-day field trip to Rouyn-Noranda and Timmins is one of the highlights. Thank you to our volunteers and sponsors who make S-IMEW possible. Become a sponsor.
 
Student Program at PDAC 2017 Convention
The Student Program offers young professionals a unique opportunity to connect with industry leaders and peers from all over the world. More than 1,200 students attended the PDAC 2017 Convention, including many who took advantage of mentoring services courtesy of Patrick McAndless. The Student-Industry Networking Luncheon allowed industry to recruit students for summer work. S-IMEW participants for 2017 and the Mary-Claire Ward Geoscience Award recipient were also announced. The Student-Industry Forum featured discussions about women in mining, career opportunities, mentoring, and the role of gender when hiring.
 
Events at a Glance
  • PDAC President Glenn Mullan and Executive Director Andrew Cheatle are attending the Canadian Mining Symposium in London, UK, May 9. PDAC is proud to sponsor this event. 
  • Glenn is speaking at the 3rd International Mining and Energy Congress in Chihuahua, Mexico, June 14-16. 
Investing in LatAm Mining Cumbre
  • PDAC is a proud partner of Investing in LatAm Mining Cumbre in Santiago, Chile from July 11-12. Over half of the world’s mineral exploration and mining projects are Canadian, with many undertaken in Latin America. Investing in LatAm Mining Cumbre is brought to you by the same people as Mining Indaba. Don’t miss this opportunity to meet with government officials and investors from Latin America.  
Mark your calendars for #PDAC2018
  • The PDAC 2018 Convention will take place March 4-7 at the Metro Toronto Convention Centre in Toronto.
 
Prospectors &
Developers
Association of
Canada
Copyright 2014
135 King Street East
Toronto, Ontario M5C 1G6
Tel 416 362 1969
Fax 416 362 0101
[email protected]
www.pdac.ca
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