| June 16, 2015, No. 127 |
GOVERNMENT OF CANADA PASSES BILL S-6
EXTRACTIVE SECTOR TRANSPARENCY MEASURES ACT COMES INTO FORCE
SEEKING FEEDBACK FROM MEMBERS IN ONTARIO: PLANS AND PERMIT REVIEW
EXPANDED PDAC SPONSORED INSURANCE PROGRAM FOR MEMBERS
UPDATED IFRS VIEWPOINTS |
|
S-IMEW 2015
Thanks to the support of our 70-plus industry volunteers and sponsors, 26 geoscience students from across Canada took part in the PDAC’s 9th annual Student-Industry Mineral Exploration Workshop (S-IMEW) in Sudbury, Ontario from May 2-15.
Students participated in an underground mine tour at the LaRonde gold mine and a tour of the Strathcona Mill, in addition to taking part in mapping exercises, geophysical surveys and lake sediment sampling. The multi-faceted nature of the workshop exposes students to all aspects of the industry with a combination of lectures, field exercises and site visits, as well as networking with industry professionals to help them lay the foundation for a successful career in the mineral exploration industry.Click hereto learn more about the S-IMEW experience.
|
|
|
|
|
|
|
Extractive Sector Transparency Measures Act comes into force
On June 1, 2015, the Federal Government brought into force the Extractive Sector Transparency Measures Act (ESTMA). All extractive companies engaged in the exploration or extraction of oil, gas or minerals are required to annually report certain payments (e.g. taxes, royalties, feesand production entitlements) of $100,000 or more that are made to all levels of government in Canada and abroad. A reporting entity will need to submit a report no later than 150 days after the end of its financial year, disclosing the payments it has made during that year.Click herefor more information. |
|
|
|
|
|
Seeking feedback from members in Ontario: Plans and permit review
Ontario’s Ministry of Northern Development and Mines (MNDM) is conducting a review of Regulation 308/12, the Exploration Plans and Permit process of its Mining Act, including its policy on Consultation and Arrangements with Aboriginal Communities at Early Exploration. The scope of the review will include regulations, provincial standards for early exploration, and operational policies and procedures. |
|
Click here to view an MNDM Presentation outlining proposed changes.
PDAC plans to submit comments to MNDM and would appreciate receiving feedback from its members operating in Ontario. If you have any comments, please email them by Monday July 6, 2015, to Lesley Williams, PDAC’s Manager of Aboriginal Affairs, or to Jamie Fairchild, MNDM Project Lead, by the end of July.
|
|
|
|
|
|
|
|
|
Expanded PDAC sponsored insurance program for members
PDAC understands that members are primarily focused on exploration and mining—not insurance.
Therefore, PDAC sponsors three exclusive insurance programs designed specifically for the membership. The program, originally established in 2007, has undergone a revitalization to reflect the changing market conditions and to ensure that you continue to have access to appropriate and cost effective insurance with a high level of service. |
|
Click on the links below to contact our insurance partners directly, and to inquire about coverage and rates.
The Group Benefits Program provides access to enhanced health and dental benefits, as well as life, long-term disability and critical illness to both individuals and corporations.
The Consultants Package includes professional liability insurance and general insurance products for individuals and consulting firms working in the Canadian mineral exploration and earth sciences sectors.
The Mining/Contractors Package is aimed at addressing the needs of any and all Canadian mining companies that are private or public, exploration or operating, and mining contractors/equipment providers.
Updated PDAC Mining Industry Task Force IFRS Viewpoints
Since all public companies in Canada were required to transition over to the International Financial Reporting Standards (IFRS) in January 2011, the CPA Canada-PDAC Mining Industry Task Force has compiled a series Viewpoints to help PDAC members—and the entire mineral exploration and mining industry—to incorporate the IFRS principles as they relate to the accounting practices of Canadian companies in the sector that operate in Canada and around the world.
The Viewpoint Series can be downloaded from www.cpacanada.ca/viewpointsmining. Please visit our website for a summary of the Viewpoints in both English and French, as well as the associated links. |
|
|
|
|
|
|