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April 26, 2006 No. 34

PDAC continues its advocacy campaign

A team of PDAC representatives is in Ottawa this week visiting politicians and senior government officials and highlighting the importance of re-instating the Investment Tax Credit for Exploration [ITCE]. The PDAC’s position, which is supported by Canadian mines ministers, is that Canada needs the ITCE to ensure a prolonged and sustained period of exploration to produce discoveries. The association has demonstrated that the program keeps exploration investment in Canada, and is important in the face of intense global competition from other mining jurisdictions. The team will also be pressing for the federal government to invest in geoscience and mapping through the $25 million per year Cooperative Geological Mapping Strategy, and to modernize the outdated definitions of Canadian Exploration Expense. For a copy of the PDAC’s presentation, please contact us.

Thanks for responding to survey on professional mobility

Thank you to the 270 members who took the time to respond to the survey on professional mobility which was conducted during PDAC Convention 2006 and for a couple of weeks afterwards. Results will be tabulated and will be used as part of the research that the PDAC geoscience committee is conducting, through the Institute On Governance, on the issue of professional registration and mobility of geoscientists. We shall keep you informed. For more information, contact us. 

Securities committee chair presents to Crawford Panel hearings

Greg Ho Yuen, chair of the PDAC’s securities committee, made a presentation to a roundtable of the Crawford Panel in Winnipeg on March 2. This panel is an Ontario initiative and, working independently of government, is developing recommendations for a securities regulatory framework that features a common securities regulator, a common body of securities law, and a single fee structure. Mr. Ho Yuen’s presentation was based on a written brief that the PDAC submitted late in 2005.

World Mines Ministries Forum

The fourth World Mines Ministries Forum was held in Toronto immediately prior to PDAC Convention 2006. This forum, a bi-annual event, brings together mines ministers and senior government officials and representatives of industry, First Nations, and NGOs to discuss issues of common concern. A number of PDAC directors and staff participated in this year’s event. Director Steve Vaughan and Executive Director Tony Andrews provided an industry view on the main topics of the forum, which were introduced during the plenary session. Mr. Vaughan also organized and co-chaired a session on corporate social responsibility in the mining industry. Past president William Mercer gave a luncheon address, The importance and role of government in promoting mineral exploration – A personal view, and director Ian Thomson presented a paper, Geological surveys, mineral exploration, communities and sustainable development.

Meetings during PDAC Convention 2006

The PDAC’s annual convention offers excellent networking opportunities, not only for our members but also for the association’s board of directors, committees, and staff. In this way, the advocacy work of the association continues. Click here for a list of meetings and events in which the PDAC was represented.

Guide to regulatory environments around the world

Mining: The regulation of exploration and extraction in 28 jurisdictions worldwide is a 133-page hard copy publication summarizing the regulatory regimes for mining [including exploration] of 28 countries in 2005. The document was produced by Law Business Research Ltd. in association with McMillan Binch Mendelsohn LLP. This is a very practical guide which is well laid out and easy to understand. While its primary target audience is general counsel, government agencies, and private practice lawyers, junior companies anticipating exploring overseas would probably find this publication a valuable reference tool. To obtain a copy, contact us.

Nominations invited for Canadian Mining Hall of Fame

The board of directors of the Canadian Mining Hall of Fame will soon begin the process of selecting inductees for the 2007 induction ceremony, to be held at the Fairmont Royal York Hotel, Toronto, on Thursday, January 18, 2007. The Hall of Fame recognizes and honours the legendary mine finders and builders of the Canadian mineral industry. For details on how to submit a nomination, click here. Selection criteria and general requirements for the submission of nominations are on the Hall of Fame website. For more information, contact Edward G. Thompson, chair of the PDAC’s awards committee.

Mining in Society in Vancouver

The second Mining in Society show will be held at the Vancouver Convention and Exhibition Centre from Sunday to Tuesday, May 14-16 inclusive. The aim of the show is to inform the public about the mineral industry, its importance to Canada’s economy, the career opportunities it offers, and the great strides it has made in sustainable development. This year’s event consists of six pavilions, each representing part of the mining cycle. The PDAC is a major sponsor of the exploration pavilion. Mining in Society will be held in conjunction with the CIM’s annual conference. Registration for Mining in Society is not required and there is no admission fee. Click here for full details.

Society of Economic Geologists Conference in Keystone, Colorado

The upcoming biennial Society of Economic Geologists Conference will be held in Keystone, Colorado, May 14-16. The theme of the conference will be Wealth creation in the minerals industry – Integrating science, business, and education. Full details are here.

Mining Business and Investment Forum

PDAC members registering for the Insight Mining Business and Investment Forum, June 5-6 in Toronto, can apply for a 10% discount on registration fees. Full details are here.