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May 18, 2017, No. 150

PDAC
May 18, 2017, No. 150
 
IMMS: BRINGING INTERNATIONAL MINING TOGETHER
 
LAND WITHDRAWAL PROCESSES IN CANADA - CALL FOR PROPOSALS
 
EXPLORATION FINANCE UPDATE
 
TAKE OUR MEMBER SURVEY
FOLLOW S-IMEW 2017 STUDENTS ON SOCIAL MEDIA
 
Exploration labour market survey
If you work in or employ people who work in mineral exploration, take the Canadian Mineral Exploration Labour Market Survey developed by PDAC, the Mining Industry Human Resources Council, and other stakeholder groups. The survey will help identify and address human resource and labour market issues facing the exploration sector and assist in finding ways to stimulate a proactive approach to addressing its challenges. Results will be documented in a report to better understand the mineral exploration labour market conditions. Take the survey (you could win an iPad mini or a delegate pass to PDAC 2018)! 

Advocacy
 
A budget that supports our sector
Rumblings were heard across the country following the 2017 federal budget – just like every budget before it! But from the standpoint of PDAC the 2017 budget justly supports the Canadian mineral exploration and mining sector. In his latest blog, Executive Director Andrew Cheatle talks about PDAC’s successful recommendations to the federal government to help benefit our members and the wider industry. Read the blog. 
 
Bringing international mining together
PDAC and the World Economic Forum co-hosted the second annual International Mines Ministers Summit (IMMS) on March 6. The Summit brought together an impressive 25 ministers responsible for mining from around the word. This event provides an important setting for the global mining community to explore challenges and opportunities affecting the industry. This year’s IMMS—held during the PDAC 2017 Convention—focused on innovation in the mining industry and the clean innovation agenda. The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development prepared a report of the Summit, The Innovation Imperative in the Mining Sector. Get the report
 
Consultation on Canada-MERCOSUR Free Trade Agreement
On April 29, the Government of Canada launched public consultations on a possible Free Trade Agreement between Canada and MERCOSUR (Argentina, Brazil, Paraguay and Uruguay). Public consultations seek the views of Canadians to help define Canada’s interests, including where such an agreement could provide opportunities to create prosperity for Canadians. For more information and to provide comments visit the Canada-MERCOSUR FTA Consultation website. 

Regulatory Affairs
 
Environmental assessment processes
PDAC made a submission to the Minister of Environment and Climate change in response to the Expert Panel’s Final Report on the review of Environmental Assessment Processes. View the submission.

 
 
Review of 2012 changes to the Fisheries Act
PDAC sent a letter to the Minister of Fisheries and Oceans in response to the Standing Committee on Fisheries and Oceans’ report on the review of 2012 changes to the Fisheries Act. Read the letter.

Lands
 
Request for proposals: Land withdrawal processes in Canada
PDAC is seeking proposals to undertake a study on land withdrawals in Canada and whether mineral potential is being incorporated into decision-making processes. Email proposals to [email protected] by May 24. Learn more.

 

Tax Policy
 
Carbon pricing concern in the North
The NWT & Yukon Chamber of Mines publicly announced its support for the Premiers of NWT and Nunavut in their appeals to the Government of Canada to seriously consider the circumstances of the northern minerals industry before imposing a price on carbon. NWT Premier Bob McLeod and Nunavut Premier Peter Taptuna expressed their hopes that the move to price carbon would recognize the unique situation of the North and include investment in viable alternatives to diesel for people and companies living and working in the territories. Learn more. 

Capital Markets
 
Exploration market finance update
The number of financings by junior and intermediate companies fell sharply in April, dropping to 158 from 235 the previous month. However, the $1.68 billion raised was up 70% from $989 million in March, representing the second-highest amount raised since July 2014. Learn more.

 

Outlook improves after initial gold resources at 5-year low 
According to S&P Global Market Intelligence, while global initial gold resources hit a five year low, an improvement is predicted as 2017 progresses due to increased exploration since mid-2016. Over the past five years, Canada has ranked highest for gold in initial resources, with about 22% of the new gold found during the period, followed by the U.S. (11%) and Australia (8%). Learn more 

Membership
 
Completed the member survey yet?
We need your help to ensure our voice is heard loud and clear throughout the industry. Every five years PDAC updates its strategic plan to ensure that its direction and role serve the needs of all its members. This involves consulting members directly for feedback. Share your insight, thoughts and opinions by completing a short survey online by May 23. Take the survey
 

Human Resource Development
 
S-IMEW 2017
Top upper-year geoscience students from across the country are currently in Sudbury for the 11th annual Student-Industry Mineral Exploration Workshop (S-IMEW). This is an opportunity for students to get hands on and take their classroom knowledge into the field before graduating and entering the workforce. Follow their adventures by checking out the daily photos on the PDAC Student Facebook page and Twitter feed. 
 
Events at a Glance
  • PDAC Executive Director Andrew Cheatle was invited to participate in the exclusive 2017 Kellogg Innovation Network Global at Northwestern University in Chicago, USA, May 31-June 2. 
  • Andrew is speaking at the International Finance Corporation’s Sustainability Exchange in Cartagena, Colombia, June 7-8. 
  • PDAC President Glenn Mullan is attending the 3rd International Congress of Mining and Energy in Chihuahua, Mexico, June 14–16. 
  • Andrew is attending the Steering Committee Meeting for a Feasibility Study into an EU-Canada Mineral Investment Facility in Brussels, Belgium, June 15-16. 
  • Andrew is attending the Mining Association of Canada’s AGM in Ottawa, June 20-21. 
  • Andrew is attending the 2017 Investing in LatAm Mining Cumbre in Santiago, Chile, July 11-12. 
PDAC 2018 Convention
  • March 4-7 at the Metro Toronto Convention Centre in Toronto. Visit www.pdac.ca/convention for the most current information. 


Notice from the Board of Directors 

 
 
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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