September 21, 2017, No. 154
Last chance for a PDAC 2018 Award
The September 29 deadline is fast approaching to submit nominations for PDAC 2018 Awards. 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 can be submitted online along with the required materials. Don’t miss your chance to be in the running for 2018. Learn more 

Capital Markets
Good signs continue for industry
August was a busy month according to S&P Global Market Intelligence. Mining equities reached a three-year high as the aggregate market value of listed companies rose 6% to US$1.46 trillion (C$1.84 trillion). The Indexed metals price increased to a 36-month high from 111 to 118, and global drilling activity also picked up after a two-month retreat. Lastly, the number of financings by junior and intermediate companies increased to 178 from 158, but the US$279 million (C$351M) total raised was just over one-quarter of the US$1.04 billion (C$1.31B) raised in July. Learn more
Exploration expenditures in Australia
There was some positive news this month for PDAC members operating in Australia. Following last year's low, mineral-exploration expenditures are increasing. Additionally, Prime Minister Malcolm Turnbull announced on September 2 that government will commit A$100 million (C$97.5 million) to encourage exploration by junior mining companies. Learn more 

Geoscience & Innovation
Research and innovation grant, Quebec
Quebec's Ministère de l’Énergie et des Ressources naturelles (MERN) is offering financial support for expenditures incurred under research and development contracts with universities, research centres or research consortiums. The program is offered to any business corporation or group of business corporations active in the mining sector that is registered with the Registraire des entreprises du Québec and is established in Québec. The financial assistance comes in the form of grants and can cover as much as 40 per cent of expenses. Learn more

Human Resource Development
PDAC Mentor Program here to stay
After a successful trial, PDAC is excited to expand its Mentoring Program. Applications for mentors to participate are now being accepted. Our aim is to connect student members and recent graduates with experienced geoscientists and industry professionals to help facilitate a seamless transition into the workforce. We need mentors with expertise in all areas including finance, academia, exploration, government, and industry. If you or someone you know would like to participate, please submit an application profile to [email protected] or visit our website

Want to join PDAC's Board of Directors?
Nominations are being invited to join the PDAC Board of Directors. The Board is responsible for the overall governance and stewardship of the association and represents the full spectrum of professions making up the minerals industry. Directors are elected at the annual meeting in March and serve a three-year term. November 15 is the deadline to apply.

Regulatory Affairs
PDAC responds to environmental and regulatory review
PDAC made a submission to the Government of Canada in response to its Environmental and Regulatory Reviews Discussion Paper. The Discussion Paper, released in June, outlined a proposed revised approach to Canada’s environmental assessment and regulatory processes.
PDAC submission on government’s review of the Fisheries Act
PDAC made a submission to the government regarding proposed changes to the Fisheries Act.

Tax Policy
PDAC responds to proposed changes
Finance Canada has released its Tax Planning Using Private Corporations Discussion Paper. Of particular interest is the review of tax treatment for holding passive investments inside a private corporation. Proposed changes could limit the attractiveness of investment in flow-through shares and adversely impact mineral exploration and development financing. Comments on the discussion paper are being accepted until October 2. PDAC will make a submission to express industry’s concerns. Contact Ran Maoz

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

Registration opens in December 2017. 

Current participation opportunities
Visit www.pdac.ca/convention for the most current information 
Events at a Glance