March 22, 2018   No. 160
METC renewal welcomed—greater action required
In its 2018 Budget, the Federal Government committed to renewing the Mineral Exploration Tax Credit (METC) for one year. PDAC provided several recommendations for the budget, including a three-year extension of the METC. This recommendation was also made by the House Standing Committee on Finance (FINA) in its report to the Minister of Finance. Although disappointed that it was not included, PDAC will continue to advocate on behalf of the industry for a multi-year METC. Investments in areas such as Indigenous skills training and employment, as well as advancements for women entrepreneurs, were also included in the budget. Learn more 

PDAC 2018 Convention
More than 25,000 attendees

A clear sign that the mineral exploration and mining industry is continuing to build momentum. 

Attendee survey
Gathering your feedback is essential to improving attendees’ experience. We have created a short survey (10-15 minutes) to gauge the interests, needs and preferences of our valued attendees. If you attended this year’s convention, please complete the survey. 

Thank you to all of our PDAC 2018 Convention Sponsors. PDAC would like to express its sincere appreciation to all of our 2018 partners for their valued support. 

March 3-6! Save the date for the PDAC 2019 Convention at the Metro Toronto Convention Centre. 

PDAC 2018 Convention Highlights

Regulatory Affairs
Government consultation papersimpact assessment

The Federal Government is seeking input on the development of regulations and policy changes that will accompany the new proposed Impact Assessment Act. It has published consultation 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. If you would like to share with PDAC comments on any of the questions posed in the Consultation Papers, please email Lesley Williams


Geoscience & Innovation
Support for rare earth element research and development
Natural Resources Canada (NRCan) has awarded Innovation Metals Corp. with a research contract for its work on the production of rare-earth-element oxides and alloys. The contract is part of NRCan’s Rare Earth Elements and Chromite Research & Development Program. Learn more 
MERC offers field mapping and exploration courses
The Mineral Exploration Research Centre (MERC) at Laurentian University’s Harquail School of Earth Sciences at Laurentian is offering multiple courses in mineral exploration and field mapping for professionals. Learn more 

Capital Markets
S&P Global Market Intelligence 
According to S&P Global Market Intelligence for February, equities took a breather after reaching an almost five-year high in January, as aggregate market value of the industry's listed companies (based on 2,466 firms) slipped by 4%. The Indexed Metals Price was unchanged, resting at a 57-month high of 125. Learn more

Responsible Exploration
Spotlight on responsible business practices abroad
Canada’s Trade Commissioner Service (TCS) released a new guide (Spotlight on Social Responsibility) to help Canadian companies operating abroad better understand how they can contribute to positive social, environmental and economic outcomes in the markets where they operate. Register to access the guide and to learn more about how the TCS can help your company. 

PDAC Board election results
Eight industry leaders were elected to PDAC's Board of Directors, bringing a variety of experience and expertise that will help support PDAC’s mandate to further enhance Canada’s mineral exploration and mining sector and promote the interests of our 7,500 members. Learn more 


Human Resource Development
PDAC 2018 Convention Student Program 

The Student Program at PDAC 2018 brought together 1,300 students and recent graduates, giving them an opportunity to connect with industry professionals and peers from all over the world.

The Student-Industry Networking Luncheon facilitated the recruitment of students for summer work by several industry partners. Eric Thiessen was presented his Mary-Claire Ward Geoscience Award, three WIM Canada awards were presented, and the 2018 S-IMEW students were announced. 

The Student-Industry Forum featured a discussion on Innovation in Exploration and Mining that highlighted the use of innovation: from data mining to the use of drones in exploration, robots in mining, and the skills that companies are hiring for.

The Student Geologists’ Guide to the Exploration and Mining Industry was a crash course in preparing graduates to enter the workforce—everything from understanding the business of exploration and mining to contract employment and using your network for job opportunities.

PDAC thanks all the companies, individuals and groups that continue to support the Student Program.

Events at a Glance
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