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February 17, 2009 - No. 61

CRA guidelines on what qualifies for CEE

In 2007 Canada Revenue Agency released guidelines that it uses to determine the tax treatment of the costs of community consultation, environmental studies, and feasibility studies. The guidelines are posted on the PDAC’s website and are available here.

The mining world comes to the PDAC

A glance through the list of countries represented at this year’s convention leaves little doubt that Toronto will be the hub of the mining world for the period March 1-4, when the meeting is held. In addition to country exhibits in the Trade Show, government and industry delegations are expected from more than 25 countries. Countries hosting presentation rooms this year include Australia; Chile; China; Colombia; Greenland; India; Peru; and the West African Economic and Monetary Union, a common market of Senegal, Mali, Burkina Faso, Niger, Côte d’Ivoire, Benin and Togo. The host countries will discuss their mineral policies, investment climate, and exploration opportunities.

Events taking place around PDAC Convention 2009

Sometimes lost in the many events taking place in conjunction with the PDAC’s annual convention are ‘affiliated events.’ While the association is not involved in the organization of these events, we list them on our website as a service to the industry. Some of these activities are complimentary; others require a registration fee. Clicking here will take you to the affiliated events web page which contains full descriptions of each event. In the meantime, here’s the list: ABC's of mining  
Australia capital raising opportunities in the Canadian marketplace  
China Mining Association reception 
Climate change workshop: Implications for the exploration and mining industry 
EDC-IFC workshop on the environmental and social performance standards 
Equator Principles, IFC performance standards & mining projects 
Gateway to the world for the China mining industry  
KEGS PDAC Breakfast: Geophysics in the urban jungle  
KEGS symposium, PDAC 2009 
MapInfo/Encom Discover GIS training courses for geologists  
Mining outlook: Key issues and opportunities 
Surviving the global financial crisis in the mining industry 
Sustainability reporting using the GRI Framework 
University of Western Ontario reception.

International Mining Café March 2-4  An invitation to attend

The Department of Foreign Affairs and International Trade, in collaboration with the PDAC and the Canadian Association of Mining Equipment and Services for Export (CAMESE), is organizing an International Mining Café from Monday, March 2 to Wednesday, March 4. The café, which will be held in room 712 of the south building of the Metro Toronto Convention Centre, allows Canadian companies involved in the mining industry to hold private meetings with Canadian trade commissioners posted at the embassies and consulates from North America, Latin America and the Caribbean, Africa, Asia, and Europe. Meetings with other groups can be arranged. There is no registration fee and you do not have to be a delegate at PDAC Convention 2009 to participate. However, you do need to register in order to obtain a meeting time. Click here for more details.

Open session papers cover a wide range of topics

The open session during PDAC Convention 2009 contains those papers selected for presentation following a call for papers. The 21 successful papers will be presented on Tuesday and Wednesday, March 3 and 4 and are grouped under the headings: Making the grade; Mining in society; and New ideas. Click here for titles and speakers.

30% off tickets to the Royal Ontario Museum for PDAC members

The Royal Ontario Museum, 100 Queen’s Park, Toronto, is offering PDAC members and delegates to PDAC Convention 2009 a 30% discount on admission tickets. Current exhibits at the museum include the Teck Suite of Galleries: Earth’s Treasures and the Nature of Diamonds. The Teck Suite showcases some of the ROM’s exceptional specimens of minerals, gems, rocks and meteorites, a collection among the finest in North America. The suite also contains the newly located Canadian Mining Hall of Fame.

Alongside the stunning diamond collection in the Nature of Diamonds are displays that demonstrate their exploration and mining. These include an authentic recreation of a kimberlite mine tunnel and a mining video, Crystal Clear: Diamonds from Canada's North, highlighting the stories of three people in the Canadian diamond industry - Charles Fipke, Eira Thomas, and James Gowan. The Nature of Diamonds closes on March 22. Click here for more information.

PDAC members qualify for 50% reduction on Data Metallogenica subscription

Now into its tenth year, Data Metallogenica (DM), an online encyclopaedia of ore deposits and an extensive repository of mineral deposit data, continues to grow in scope and coverage. Based on the work of Canadian geologist Peter Laznicka, DM is now the work of Australian based AMIRA International. An annual subscription for PDAC members costs US$75, a 50% discount off the regular price. Click here for the latest newsletter outlining developments, new galleries and other news.

Prime Minister urged to re-allocate funding to granting councils

In an open letter to the Prime Minister, Bill Mercer, president of the Canadian Federation of Earth Sciences, commends the federal government for a $750 million increase in support of the Canada Foundation for Innovation and a $90 million increase in support of graduate scholarships and industrial R&D internships. However, the letter decries the $150 million cut to the granting councils, particularly NSERC. The combination of these three initiatives, the letter says, provides Canadian research with infrastructure and training, but takes away experienced researchers to use the infrastructure and provide the training. The full text of the letter is here.

Economic crisis and alternative financing strategies ? Wednesday, February 18 ? Toronto

Peter Hall, vice president and chief economist, and Stephen Callaghan, district manager, Export Development Canada, will talk about the current economic crisis and alternative financing strategies at the next CIM Management and Economics Society discussion group. The event will be held on Wednesday, February 18, beginning at 4.30 p.m. at the National Club, 303 Bay Street, Toronto. There is no charge to attend. More details.

Meet the Mining Moguls fundraiser will provide microfinance loans in South Africa

Women in Mining networks in Vancouver and Toronto invite everyone to contribute to their campaign for The Townships Project in South Africa. The campaign is supported by three celebrity mining moguls, Frank Guistra, Rob McEwen and Eric Sprott, who have volunteered to spend an hour of their time with winners of the Meet the Moguls contest. The contest draw will be held at 4 pm on March 3 at the International Women in Mining reception during the PDAC convention.

The Townships Project was founded in 1999 and is headed by Martha Deacon, a former solicitor with Fraser Beatty of Toronto.  She is committed to the Townships Project because she says that every $50 microfinance loan to a resident of a small underprivileged community changes lives by helping a family and by encouraging small-scale entrepreneurism. Click here for more information or to make a donation. Visit Women in Mining at PDAC Trade Show booth 342. 

Share your prospecting stories with filmmaker

Prospector/geologist/filmmaker Frank Racicot is seeking individuals who are willing to share their funny, scary or unusual bush stories with him at the upcoming PDAC convention. The best of these stories will be used for a documentary. The rest of the best will be used for either a book, TV or radio show. Frank would also appreciate talking with any individuals who knew or worked with B.C and Yukon prospector Arnold Racicot. Call Frank at 1 705 673 7117 or 1 705 691 5920 or email him at [email protected].