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February 21, 2018 No. 159 |
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AGM & BOARD ELECTION |
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MEET S-IMEW 2018 PARTICIPANTS |
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FULFILL YOUR ESTMA OBLIGATIONS |
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READ OUR 2017 ANNUAL REPORT |
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CORE (WINTER 2018) OUT NOW |
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PDAC 2018 Convention is coming |
The world’s mineral exploration and mining community is set to gather in Toronto from March 4 to 7 for the annual PDAC 2018 Convention. Last year more than 24,000 attendees from 130 countries were represented. We’re excited to deliver another outstanding lineup of programming, sold-out exhibitor space, investment opportunities, short courses and networking events. Don’t forget to use the official hashtag #PDAC2018 for all social media posts. Watch the video by PDAC Executive Director (Interim) Lisa McDonald to learn why you have to be at the PDAC Convention! Register online.  |
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Reception on Parliament Hill a success |
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PDAC’s annual Ottawa reception is an opportunity to meet with MPs, senators, and diplomats, in advance of our convention in March. The reception was held on Parliament Hill in Ottawa on February 14, and attracted more than 50 MPs, including Rodger Cuzner, Minister Jane Philpott, Larry Bagnell and Carol Hughes. Finance Minister Bill Morneau, NDP Leader Jagmeet Singh and several dignitaries also attended. A special thanks to the Honourable Jim Carr, Minister of Natural Resources, and Kim Rudd, Parliamentary Secretary to the Minister of Natural Resources, for delivering opening remarks. Photos from the reception are available on PDAC’s Instagram account.
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New legislative changes introduced |
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On February 6, the Federal Government tabled Bill C-68 to amend the Fisheries Act. On February 8, Bill C-69 was introduced to create an Impact Assessment Act that would replace the Canadian Environmental Assessment Act, 2012 (CEAA 2012), and amend the Navigation Protection Act. PDAC will work with government and partners to ensure review processes are clear, timely, consistent, inclusive and transparent, and support Canada’s mineral industry competitiveness. Read the government backgrounder on changes to the Fisheries Act. Read the government backgrounder on Impact Assessment Act.
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Additionally, government is also seeking input on regulations and policy changes required to accompany the legislation. It has published discussion papers on: 1. The type of projects that would be subject to impact assessment under the proposed Impact Assessment Act, and 2. Information Requirements and Time Management Regulations. Comments are due to government by April 15. |
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Yields point to higher commodity prices |
The 10-year treasury yield is one of the best metrics to predict the direction of commodity prices. The increase in the U.S. 10-year yield in recent months indicates that commodities have more upside. Learn more about this correlation and what it indicates for future prospects of commodity prices.
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Nunavut Prospectors Program (NPP) |
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The Department of Economic Development and Transportation (EDT) is accepting applications for the NPP. You may be eligible for up to $8,000 to help pay for assistant wages, materials and supplies when you are out looking for minerals. Eligible applicants must be a Nunavut resident, be 18 years or older, have prospecting experience, or have completed the Introduction to Prospecting course. The deadline to apply is April 30. Email [email protected] for more information. |
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New search tool launched by Workplace Safety and Insurance Board |
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The Workplace Safety and Insurance Board of Ontario has launched a new search tool, Compass. For the first time, Ontarians can find and compare health and safety statistics for businesses across the province. The tool will bring greater transparency to workplace safety in Ontario, giving people the ability to find health and safety statistics for any workplace and compare statistics between businesses. |
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AGM and Board of Directors election |
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PDAC members should have received an email with a personalized link to the 2018 Annual General Meeting (AGM) Notice and Board of Directors election ballot. If you have not already done so, please exercise your right to vote. The poll closes at 9:00 am (EST) on February 27. Results will be announced at the AGM on March 4 at the Metro Toronto Convention Centre (MTCC) in Room 202, North Building. If you did not receive your personalized link to vote, please email Madina Kaytmazova. |
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Human Resource Development |
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Mary-Claire Ward Geoscience Award |
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Congratulations to Eric Thiessen of Simon Fraser University, this year’s recipient of the Mary-Claire Ward Geoscience Award. Eric is investigating the paleoproterozoic tectono-metamorphic evolution of the South Rae Craton in southeastern Northwest Territories. This work entails regional and detailed bedrock mapping, structural, metamorphic and isotopic analyses of multiply deformed terranes and crustal-scale shear zones. The study will evaluate the nature of metamorphism and exhumation, which may be influenced by the Snowbird Tectonic Zone, Taltson Magmatic Zone or the Trans-Hudson Orogen between 2.0 and 1.8 Ga. Learn more. |
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Student events at PDAC 2018 Convention |
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Added to the mix this year is a new, free student short course – A student geologist’s guide to the exploration and mining industry – on the morning of Sunday, March 4. The lineup also includes the return of staple events such as the Resume Review, Survival Skills, Student-Industry Networking Luncheon and the Minerals Colloquium. The Student-Industry Forum will focus on innovation in exploration with exciting panelists who will share their innovations that are moving mining and exploration forward. See the full line-up. |
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S-IMEW 2018 participants announced |
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Twenty-six geoscience students from post-secondary institutions across Canada have been selected to participate in PDAC’s 12th annual Student-Industry Mineral Exploration Workshop (S-IMEW). From May 3-17, industry experts expose students to a wide range of topics such as geochemistry and geophysics, mineral economics, Aboriginal participation in mineral exploration and more. Mine tours, mapping exercises and core logging are some of the hands-on exercises students participate in over the course of the two weeks. PDAC relies on industry support and sponsorship to host this important educational workshop for the future of the industry. |
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Government releases proposed Greenhouse Gas Pollution Pricing Act |
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On January 15, the federal government released draft legislation related to the proposed federal carbon pricing system. This ‘federal backstop’ will apply to all jurisdictions that have not developed their own approach to carbon pricing for implementation by September 2018. The draft legislation states that companies that exceed the average energy use for production in their sector will be required to pay a carbon levy, while those that stay under the average energy use by 30 per cent or more will get a credit for saving energy. Provinces and territories have until the end of March to decide whether they will develop their own system or adopt the federal backstop.
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Reminder to fulfill ESTMA obligations |
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PDAC reminds members of their reporting obligations under the Extractive Sector Transparency Measures Act (ESTMA). All Canadian stock exchange-listed companies, as well as private companies meeting specific size criteria, engaged in the exploration or extraction of oil, gas or minerals must enrol with Natural Resources Canada (NRCan) for the purposes of reporting under ESTMA. Companies that made payments to a government in Canada or abroad that total $100,000 or more once aggregated within one of seven payment categories must report under ESTMA no later than 150 days after the end of each financial year. Companies in provincial jurisdictions in Canada that pay annual or bi-annual claim renewal fees, for example, should assess whether the amount of their cumulative payments reach the minimum threshold. It is strongly recommended that members review information provided by NRCan on this important reporting process. |
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NRCan Clean Growth Program |
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Natural Resources Canada (NRCan) and Canada’s Office of Energy Research and Development (OERD) have launched the 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. Their aim is to advance emerging clean technologies toward commercial readiness so that natural resource operations can reduce their impacts on air, land, and water, while enhancing competitiveness and creating jobs. Submissions are due February 28. Learn more. |
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Networking Events |
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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 (SOLD OUT) | Awards Gala & After Party March 6 (SOLD OUT) | Grand Finale March 7
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Events at a Glance |
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We are excited to welcome the world’s mineral exploration and mining industry back for the PDAC 2018 Convention in Toronto, March 4-7.
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PDAC 2017 Annual Report |
The PDAC 2017 Annual Report features all of the association’s activities and achievements from the past year, along with in-depth stories on the exploration and development sector. Read it now
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Core (winter 2018) |
Our newest edition of Core showcases the association’s 2018 Award Recipients, PDAC 2018 Convention news and highlights, along with news from around the industry. Read it now
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