December 19, 2017   No. 157
Finance Standing Committee Report recommends 3-year METC
On December 8, the House of Commons Standing Committee on Finance released its report of recommendations for consideration by the Minister of Finance for the 2018 federal budget. The Committee’s report includes the recommendation to “Facilitate decision-making in the mineral sector by renewing the Mineral Exploration Tax Credit (METC) for a three-year period”. PDAC has been advocating for a number of key priorities to enhance the mineral industry’s competitiveness, including maintaining the flow-through share regime and renewal of the METC for a minimum three years.

Read PDAC’s recommendations for the 2018 federal budget. 

Geoscience & Innovation
New tool helps collect and share data
PDAC’s Exploration Assessment Digital Data Formats (EADDF) guidelines are a way to help improve discovery rates of mineral exploration in Canada. The guidelines propose a uniform national standard for digital data submission for jurisdictional mine recording offices. While each jurisdiction has its own formatting requirements there are few for data that is submitted in digital form. Learn more.
Mining sector unites on clean resources supercluster
Canada’s mining sector has united to create a full application for a clean resources supercluster as part of the Government of Canada’s Innovation Superclusters Initiative. The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) Supercluster – prepared on behalf of the mining sector by CEMI, CIMRE, CMIC, COREM, IMII, and MSTA – represents a $700 million investment $450 million in cash and $244 million in-kind from 162 partners across Canada). Learn more
NRCan Clean Growth Program
Natural Resources Canada (NRCan) and Canada’s Office of Energy Research and Development (OERD) just launched a Clean Growth Program (CGP). The CGP provides $155 million for clean technology research and development and demonstration projects in Canada’s energy, mining and forestry sectors. The aim is to advance emerging clean technologies toward commercial readiness so that natural resource operations can better reduce their impacts on air, land, and water, while enhancing competitiveness and creating jobs. Learn more

Regulatory Affairs
Notice to Ontario's mineral exploration and development community
Ontario regulation 308/12 exploration plans and permits forms and instructions update. The Ministry of Northern Development and Mines will be introducing new exploration plan/permit forms and instructions to further clarify the processes required under the Exploration Plans and Permits Regulation. This regulation governs all stakeholders. Learn more.

Capital Markets
Recovery of mineral exploration
New analysis by S&P Global Market Intelligence found that non-ferrous mining exploration budgets increased 14% in 2017 to US$7.95bn (C$10.2bn)the first increase since 2012. The main drivers behind this trend are solid global economic growth and the strong price performance of many metals through the second half of 2016 and into 2017, underpinning the industry’s higher spending on exploration. “The mining industry is in a far better state,” said Scotia Capital’s head of global metals and mining Peter Collibee. “Most of the commodities are financeable at the moment.” Read more. 

Responsible Exploration
Government responds to consultation outcomes on greenhouse gas reporting
The Government of Canada published a response to its consultations on the expansion of Environment and Climate Change Canada’s (ECCC) Greenhouse Gas Reporting Program (GHGRP). With these proposed changes, ECCC hopes to better inform Canada’s national greenhouse gas (GHG) inventory, and support Canada’s fulfillment of international and domestic climate change objectives. Under the revised rules, 
facilities emitting 10kt or more will be required to report facility-level emissions data. As outlined by Mark Wiseman (Avalon Advanced Materials) in the January 2017 edition of eNews, most exploration projects are unlikely to be impacted by this lower threshold. However, some advanced stage exploration projects in Canada might cross this threshold and be required to report. 

Human Resource Development

Mentor a student today!
PDAC is renewing the Mentoring Program for another year. We are accepting applications for mentors to participate in this exciting initiative. Help us connect student members and recent graduates experienced industry professionals to facilitate a seamless transition into the workforce. We are searching for mentors in all areas of expertise such as finance, academia, exploration, engineering, government, and industry. If you or someone you know would like to participate, please submit an application profile or visit our Mentoring page. 
Convention Travel Fund for student groups
PDAC has set up a Convention Travel Fund to help student groups cover the costs of getting to Toronto for the annual Convention. Funding is allocated on a first-come, first-served basis. The deadline to apply for funding is February 2, 2018. Learn more. 
Volunteer at PDAC 2018 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, apparel, and a volunteer certificate. Learn more. 
Call for Abstracts: PDAC-SEG Student Minerals Colloquium
PDAC is pleased to partner with the NSERC-CMIC Footprints Network, the Goodman School of Mines, and the Society of Economic Geologists Canada Foundation in sponsoring the Annual Student Minerals Colloquium at the PDAC 2018 Convention on March 5. This event will feature 100 poster presentations highlighting current research on mineral deposits and related studies by students across North America. Students who are working on projects with a link to mineral deposits (mapping, mineralogy, geochemistry, environmental) are encouraged to submit their posters. Awards for best posters will be presented during the reception. Apply by January 14. Learn More. 
Engage with students at the PDAC 2018 Convention
We feature a unique Student Program with events geared toward post-secondary students and recent graduates, with a commitment to raise awareness of the many opportunities that the mining industry has to offer. Participate in guided tours of the exhibits; attend the Student-Industry Networking Luncheon and more! Learn More.

PDAC 2018 Convention
Latest news and updates

Current participation opportunities
Presentation opportunities: Presentation & Reception Rooms 
Networking Events

This is your chance to network!

Opening Ceremonies (new date & time) March 4 | Opening Day Reception March 4 | Trade Show Reception March 5 | Mineral Outlook Luncheon March 5 (ticketed) | Student-Industry Networking Luncheon March 6 | Awards Gala & After Party March 6 (ticketed) | Grand Finale March 7 


Aboriginal Program | Capital Markets Program | Corporate Presentation Forum for Investors | CSR Event Series | Letter Writer Presentations for Investors | Other Programming | Short Courses (ticketed) | Student Program | Technical Program 

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

Events at a Glance
  • PDAC is attending the Annual Canadian Mining Hall of Fame Induction Dinner  to honour Past President and long-time volunteer Ed Thompson who is being inducted in Toronto on January 11. 
  • PDAC President Glenn Mullan will attend The Empire Club’s Annual Investment Outlook Luncheon in Toronto on January 11. 
  • Visit the PDAC booth at AME Roundup 2018 in Vancouver, January 22-25. 
  • Glenn is part of the official Canadian Delegation at 2018 Mining Indaba in Cape Town, South Africa, February 5-8. Visit the PDAC booth in the Canada Pavilion.