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January 20, 2006, No. 31

Super’ flow-through program has ended

Despite a prolonged and intensive advocacy campaign by PDAC representatives for its extension, the Investment Tax Credit for Exploration [“super” flow-through program] came to an end on December 31, 2005. In a statement made early in the New Year, Prime Minister Paul Martin made it clear that his government would not reinstate the ITCE but would consider re-allocating the funds to some other exploration related activity such as geoscience. The Conservative and NDP platforms, however, appear to support the re-introduction of the tax credit. Click here for details.

Federal election candidates hear about industry challenges

The Association for Mineral Exploration British Columbia (AME BC), formerly the BC & Yukon Chamber of Mines, and the Mining Association of BC have been working together to inform federal election candidates about the challenges and opportunities facing the mineral exploration and mining sector. A letter and background document have been sent to all candidates in the federal general election. Click here for copies. Election night, January 23, coincides with the start of the Mineral Exploration Roundup 2006 conference [Vancouver, January 23-26]. The PDAC will be well represented at this event. Please visit us at the PDAC booth, F4, on the trade show floor.

Register before February 1 and save $160.00 on convention fees

Just a reminder to members planning to attend the PDAC convention [March 5-8 at the Metro Toronto Convention Centre] that it will pay you to register before February 1. Members who will be registering as regular convention delegates, i.e., not seniors or students, will save $160 if they register before the beginning of February. Our online registration system is safe and efficient and is always accessible.

Our call for papers resulted in over 100 submissions. These have now been selected for presentation and are listed in the open session.

Aboriginal participation at PDAC convention

This year's PDAC convention will feature a session on aboriginal participation in the mineral industry. The session will be held from 2 p.m. to 4.30 p.m. on Monday, March 6, and will be chaired by Don Bubar and Michael Fox, chair and member respectively of the PDAC’s Aboriginal Affairs Committee. Click here for the full list of speakers. This will be an excellent opportunity for PDAC members to introduce community representatives to the exploration and mining sector. We are asking corporate members to make every effort to encourage and assist members of aboriginal communities to participate in this session.

Members invited to student-industry networking lunch, March 7

There is much discussion these days about the human resource challenges that the mineral industry is facing. The main challenge, first identified in a study by the Mining Industry Training and Adjustment Council and summarized here, is how to attract the 81,000 new industry recruits who will be needed to meet the strong world demand for minerals and metals. Clearly, there will be many opportunities for students and it is incumbent on industry people to get this message out to them. The Student Affairs Committee is planning two events to this end.

The first, a networking evening, will be held during the Mineral Exploration Roundup next week. It is jointly sponsored by the PDAC and the Association for Mineral Exploration British Columbia. The second will be a PDAC-hosted lunch on Tuesday, March 7, during the PDAC convention at the Metro Toronto Convention Centre. We encourage members to come to this lunch to talk to students. Lunch is free, but registration is necessary. For more information, please contact us.

PDAC submits its views on a single securities regulator to Crawford Panel

The Crawford Panel was established in May 2005 by the Ontario minister responsible for securities regulation in the province. Working independently from government, the panel is charged with recommending a model for achieving a securities regulatory framework that features a common securities regulator, a common body of securities law, and a single fee structure. In December, the PDAC responded to the panel’s discussion paper, A blueprint for a new model. Details of the panel’s work and the PDAC’s response is available here.

Amendments to NI 43-101

Greg Ho Yuen, co-chair of the PDAC’s Securities Committee, is co-author of a paper, National Instrument 43-101 gets updated, which was published in the December 2005/January 2006 issue of the CIM Bulletin. The article provides a summary of the most notable changes to the instrument.

Director Keith Spence represents PDAC at China Mining

As part of a partnership arrangement between the PDAC and China Mining, director Keith Spence represented the association and chaired a technical session at China Mining 2005. The conference was held from November 14-17 in Beijing. Keith reports that, out of the 2,000 delegates to the conference, 300 came from Canada. For a full report of the conference, please contact us.

Canadian Environment Awards 2006

Earlier this year, Philip Bousquet, director of sustainability, served on the judging panel for the 2006 Canadian Environment Awards. The awards recognize individual and community group achievements in six categories: climate change, conservation, environmental health, environmental learning, restoration and rehabilitation, and sustainable living. The awards will be announced in Vancouver during Environment Week in June 2006. More information about the awards.

Revitalization of CIM’s Exploration and Mining Journal

Damien J. Duff, president of the Geological Society of CIM, has asked us to let PDAC members know that the society’s journal, Exploration and Mining Geology, has been revitalized. Here are the details.

Inco comes to Labrador, Ray Goldie’s recent publication

Former PDAC director Ray Goldie has published a book, Inco comes to Labrador. The book, in hard cover, retails for $24.95 and is being distributed nationally through the Indigo bookstore chain. The book is also available through Amazon.