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December 17, 2013, No. 109

January and February Events at a Glance
PDAC Participates in Pre-Budget Consultations
PDAC is hiring: Director, Capital Markets
PDAC Bursary Recipients
Northwest Territories Government Launches Mineral Development Strategy
Ontario Government Seeks Comments on Mining Act Modernization Process
The Quebec National Assembly Adopts Bill 70
PDAC at Mining Indaba 2014
Attendee Registration is Now Open for the PDAC 2014 Convention
New Badge Requirements for the PDAC 2014 Convention
Investors Exchange Exhibit Opportunities
PDAC 2014 Convention Travel Funding for Student Program
Students Save Money by Volunteering at the PDAC 2014 Convention
PDAC 2014 Convention Student Orientation Webinar

PDAC-CMIC-SEG Canada Student Minerals Colloquium

Upcoming Events

January and February Events at a Glance

January 9: President Glenn Nolan will attend Investment Outlook 2014 featuring Ian Russell, Nick Barisheff and André-Philippe Hardy at The Empire Club of Canada

January 16:
PDAC will attend the Canadian Mining Hall of Fame Annual Dinner.

January 27-28:
PDAC will attend AME BC Mineral Exploration Roundup. Visit us at Booth F4.

February 3-6:
President Glenn Nolan will attend Mining Indaba in Cape Town, South Africa.

Public Affair

PDAC Participates in Pre-Budget Consultations

As part of the federal pre-budget consultation process, the Minister of Finance, the Minister of State (Finance) and the Parliamentary Secretary to the Minister of Finance are holding roundtables across the country to consult with Canadians. Members of PDAC’s executive, Rod Thomas and Bob Schafer, participated in a roundtable held by Minister of State (Finance) Kevin Sorenson in Moncton on November 22, as well as a roundtable held by Andrew Saxton, Parliamentary Secretary to the Minister of Finance, on December 2 in Vancouver. Along with academics, members of the business community and stakeholders, PDAC members were invited to discuss issues facing their business and sector, and actions the government could take to address economic challenges. Topics discussed included skills and training, hiring, streamlining regulations, and investment and trade. 

An encouraging sign for industry surfaced this past week when the House of Commons Standing Committee on Finance tabled the report The Future We Want: Recommendations for the 2014 Budget. In the report, the Committee recommended that “the federal government consider making the 15% Mineral Exploration Tax Credit for flow-through share investors, which is currently a temporary measure, permanent in order to support junior mineral exploration.” While this is a positive sign, a final decision regarding the renewal of the METC will be made by the government when Budget 2014 is tabled. Until the Budget is tabled in March, PDAC will continue to discuss its recommendations for Budget 2014 with decision-makers in Ottawa.

Financing and Capital

PDAC is hiring a Director, Capital Markets

The PDAC Capital Markets Program addresses issues related to the financing of the mineral exploration industry (e.g. reforming Canada’s securities regulatory regimes and tracking mineral financing trends), as well as the fiscal incentives that encourage mineral investment in Canada (tax policy, mineral exploration programs, government sponsored venture capital funds, flow through shares, etc.). For more information on the opportunity, click here.

Human Resource Development

PDAC Bursary Recipients

The PDAC is pleased to congratulate the recipients of a $1,000 PDAC Scholarship:

  • Olexandr Ponomaryov of the Mining and Mineral Exploration Technology Program at the British Columbia Institute of Technology (BCIT), Burnaby, BC
  • Derek Koss of the Geological Technology Program at the Northern Alberta Institute of Technology, (NAIT), Edmonton, AB
  • Curtis Moser of the Geological Technician Program, at Fleming College, Peterborough, ON.

Lands and Regulations

Northwest Territories Government Launches Its Mineral Development Strategy

On November 26, 2013, the Government of the Northwest Territories (GNWT) launched a strategy aimed at creating an optimal enabling environment for mineral exploration and development. The Mineral Development Strategy focuses on five key objectives:

  • Creating a competitive edge
  • Establishing a new regulatory environment for the NWT
  • Enhancing Aboriginal engagement and capacity
  • Promoting sustainability
  • Enriching workforce development and public awareness.

The GNWT expects to release a plan to implement the strategy in early 2014, in advance of devolution.  To obtain a copy of the NWT Mineral Development Strategy, please click here.

Ontario Government Seeks Comments on Mining Act Modernization Process

The Ontario Ministry of Northern Development and Mines (MNDM) is moving forward on the next phase of the Mining Act modernization process. This includes implementing a mining lands administration IT system and online staking. The Ontario Government is proposing some necessary technical updates to the Mining Act, as well as the development of new regulations.

As part of this process, MNDM has posted notices on the Environmental Registry and Regulatory Registry to solicit feedback on proposed changes to the mining regulatory regime. Companies and individuals wishing to provide comments for the Ministry`s consideration on the proposed legislative amendments and regulations can do so by linking to the Environmental Registry posting or the Regulatory Registry posting. The deadline for submissions is January 31, 2014. If you have any questions, please contact MNDM, by email, at [email protected].

 The Quebec National Assembly Adopts Bill 70

Bill 70, an Act to Amend the Quebec Mining Act is the Government of Quebec’s fourth attempt to reform the regulatory framework governing mineral exploration and development in the province. The previous attempt at reform, through Bill 43, was defeated in the Quebec National Assembly on October 30, 2013.

Bill 70, which was adopted on December 12, 2013, makes some significant amendments to the province’s mining law concerning:

  • The rights and authorities of municipalities
  • Aboriginal consultation requirements
  • The level of environmental oversight
  • Public interest considerations
  • The maximization of economic benefits
  • Various other reforms related to mineral tenure and the obligations of mining rights holders.

Bill 70 includes most of the types of amendments proposed in Bill 43. However, it takes a more conciliatory approach than its predecessor to regulatory reform by taking into consideration some of the concerns and recommendations of various stakeholders, including the Quebec Mineral Exploration Association and the Quebec Mining Association. For a more detailed overview of the substantive changes included in Bill 70, please click here.

Corporate Social Responsibility

PDAC at Mining Indaba 2014

The PDAC will be attending the Mining Indaba Conference, February 3-6, 2014, in Cape Town, South Africa. The PDAC’s Manager of Corporate Social Responsibility, Emily Nunn, will be participating in a number of sessions on improving social and environmental performance in mineral exploration. PDAC members who are interested in connecting with the PDAC on these issues during Mining Indaba are encouraged to get in touch with Emily at [email protected].

PDAC Convention 2014

Attendee Registration is Now Open

Attendee registration for PDAC 2014 is now open, and luncheon and evening event tickets are available for purchase. Register and pay by February 7, 2014, to take advantage of early registration rates. Tickets to Short Courses, Luncheons and Evening Events often sell out early. Register early to avoid disappointment. To register online, click here.

New Badge Requirements for 2014

New this year, all convention attendees are required to register for a badge. Attendees may pre-register, or register onsite. Onsite badge pickup and the registration desks are located on Level 600 of the Metro Toronto Convention Centre, South Building. Attendees will not be permitted beyond Level 600 security without a badge. For a full list of registration passes and fees click here.  

Investors Exchange Exhibit Opportunities

Potential New Exhibitors are invited to complete the New Exhibitor Application form, found here. Space is limited!

Why exhibit?

• Discuss your company's activities with mining analysts, fund managers and bankers
• Make important links with a worldwide audience
• Meet face-to-face with high net worth individual investors
• Reinforce relationships with existing investors
• Reveal investment potential and conditions
• Seek out new business opportunities.

PDAC 2014 Convention Travel Funding for Student Program

The PDAC has set up a Convention Travel Fund to help student groups cover the costs of getting to Toronto. Funding is allocated on a first-come, first-served basis. The deadline to apply for funding is February 14, 2014.The Convention Travel Funding form is now available online.

Students Save Money by Volunteering at the PDAC 2014 Convention

PDAC offers students a unique opportunity to volunteer their time at the convention in exchange for a complimentary All Access Student Pass, a ticket to a luncheon, food vouchers, volunteer apparel, and a volunteer certificate. For more information visit the website.

PDAC 2014 Convention Student Orientation Webinar

Join us for A Student’s Guide to the PDAC 2014 Convention on January 14 at 12:00 p.m. EST. With over 1,000 booths, a myriad of technical sessions, presentations, short courses, workshops, student events and more, it can be overwhelming if you aren’t prepared. This webinar will provide an overview of the Convention, the Student program, and offer networking do’s and don’ts, and help you present your best self at the PDAC 2014 Convention. Click here to register. 

PDAC-CMIC-SEG Canada Student Minerals Colloquium

The PDAC, Goldcorp, the SEG Canada Foundation and the CMIC Exploration Footprints Project in cooperation with the Laurentian University and Ottawa-Carleton Geoscience Centre SEG Student Chapters will host the Annual “Student Minerals Colloquium” in the Ballroom of the Royal York Hotel in Toronto on Monday, March 3, 2014. The Minerals Colloquium will include 100 poster presentations highlighting current research on minerals deposits and related studies by graduate students from across North America.

Students working on projects with a link to mineral deposits (mapping, mineralogy, geochemistry, environmental) are encouraged to prepare posters for this event. Click the Call for Abstracts for more information.

Happy Holidays from the PDAC, and best wishes for the New Year!