August 17, 2017, No. 153
Recommendations for Budget 2018
In a submission to the Standing Committee on Finance, PDAC made five recommendations for the Federal Budget 2018 to support the mineral exploration and development sector. PDAC recommended: renewal of the Mineral Exploration Tax Credit (METC) for three years; that regulatory regimes under review be effective, efficient and balanced; infrastructure investments be made in remote and northern Canada to support mineral exploration; support for innovation in the minerals sector; investments to support participation by Indigenous Peoples in the industry. Read submission 

Capital Markets
Financing continues to improve
The TMX published statistics for July 2017 showing significant improvement in financing conducted via the TSXV. Year-over-year data shows an impressive recovery of 83% in financing this year, compared to the same time last year. As mining companies account for more than 50% of the number of issuers, this data testifies to the improvement in financing, especially those that are exploration focused. Learn more
Iron ore and copper prices on the rise
In the past month, prices of two commodities are worth mentioning – iron ore and copper. Following a 10% rally in copper prices in the past month, the red metal has touched the price of $2.9 per pound - its highest price since December 2014. The price of iron ore has increased over 20% from its mid-June level to hover above $70 per tonne, recouping around half of the losses that occurred between February and June this year. See more on prices performances of copper and iron ore.
Mergers and acquisitions
According to EY, the value of global mergers and acquisitions (M&A) in the second quarter of 2017 increased 13% on the previous quarter to $14.8 billion, and by some 71% on the previous quarter before that. Corporate activity across the precious metals sector drove the bulk of M&A activity during the second quarter. EY reported that the global aggregate capital raised had increased by 15% year-on-year to $71 billion in the second quarter of 2017, roughly $20 billion higher than proceeds recorded in the first quarter. Learn more 

Geoscience & Innovation
Next-gen clean energy infrastructure
In partnership with provinces and territories, Natural Resources Canada (NRCan) is investing $155 million to support clean technology projects in Canada's natural resource sectors. A call for expressions of interest is expected in the fall, followed by a call for full project proposals later in the year. If interested in applying for funding grants, register your name or company online. Learn more
CLEER support
PDAC submitted a letter of support to The Honourable Navdeep Singh Bains, Minister of Innovation, Science and Economic Development for the CLEER Innovation Network’s (Clean, Low-energy, Effective, Engaged, Remediated) proposal to formulate a Clean Resources Innovation Supercluster. The network will bring national and regional research centres, mining companies and established Canadian mining supply organizations together to accelerate innovation adoption and integration in Canada. Learn more 

Industry highlights priorities at EMMC
A brief submitted by the Canadian Mineral Industry Federation—of which PDAC is a co-chair—details several key risks and opportunities facing the mineral exploration and mining industry, and what actions governments could take in response. The brief was submitted at Canada’s annual Energy & Mines Ministers Conference (EMMC) in Saint Andrew’s, New Brunswick. Read brief 

PDAC 2018 Awards
The PDAC Awards are an honoured competition for the Canadian and international mineral exploration and mining sector. Founded in 1977 to celebrate outstanding achievements, PDAC Awards annually recognize the excellence and dedication of industry leaders. Nominations are being sought in five categories and will be accepted online until September 29. Learn more

Human Resource Development
Laurentian University SEG trip to Peru
Each year PDAC provides student groups with funding for academic geoscience field trips, allowing them to enrich their knowledge of geology, gain valuable experience, and provide exposure to active-mining operations. Students from the Laurentian University SEG chapter travelled to Peru to better understand the mineral exploration and mining cycle and the geology of the region, including the famed Yanacocha mining district.
Green Internship Program
The Mining Industry Human Resources Council (MiHR) has recently secured $1.6 million dollars from NRCan to launch its new Green Internship Program, aimed at helping post-secondary graduates gain relevant and meaningful work experience in the mining sector. The program will financially support 120 internship opportunities related to science, technology, engineering and math. These internships, delivered over two years, will focus on clean technology and innovation as well as provide an environmental benefit to Canada.

PDAC 2018 Convention
Latest news and updates
Save the Date! March 4-7 at the Metro Toronto Convention Centre in Toronto.

Visit www.pdac.ca/convention for the most current information.

PDAC Convention makes Biz Bash Top 100
  • The PDAC International Convention, Trade Show and Investors Exchange was named in the BizBash 2017 Top 100 Events in Toronto list.
Events at a Glance