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April 9, 2009 - No. 62

Federal government releases CSR policy on extractive companies working abroad

The Government of Canada has published its strategy on corporate social responsibility for mining and petroleum companies operating abroad. The development of Building the Canadian Advantage: A CSR Strategy for the International Extractive Sector was largely informed by the government’s consultations with industry, civil society and others (the National Roundtables) held in 2006. The four pillars of the strategy include: supporting initiatives to improve host countries’ capacity to manage the development of minerals and oil and gas and to benefit from these resources; promoting international CSR performance guidelines; setting up an office of an extractive sector CSR counsellor to assist stakeholders in the resolution of CSR issues; and supporting the development of a CSR Centre of Excellence. The full text of the policy is here.

Quebec government aims to improve access to northern Quebec

The Quebec government’s 2009-2010 budget, released on March 19, contains plans for significant transportation infrastructure developments in northern Quebec. Initiatives include the construction of a road to the Otish Mountains, repairs to Highway 389 between Baie-Comeau and Fermont, and improvements to northern airports. A summary, prepared by l’Association de l’exploration minière du Québec and available here, provides further details.

Thank you for your comments on National Instrument 43-101

Thanks to all of our members who sent in comments on National Instrument 43-101. These have been forwarded to the PDAC’s Securities Committee and will be used in the development of the association’s response to the Canadian Securities Administrators. This will be made available to members once it has been formulated. Thank you again.

Canada Mining Innovation Council seeks executive director

The Canada Mining Innovation Council (CMIC) is looking to appoint an executive director. The appointment is for an initial one-year contract for a newly incorporated, non-profit organization in the field of Canadian mining research. CIMC is a network of industry, academic and government leaders that has been created to improve the competitiveness of the Canadian mining industry through excellence in research, innovation, education and commercialization. The deadline for applications is April 15. Further details about the position and how to apply are here.

NRCan invites your views on its mining publications

The Minerals and Metals Sector of Natural Resources Canada, which produces publications covering a wide spectrum of information relating to the Canadian mining industry, minerals, metals and materials technology and explosives evaluation and regulation, is conducting a survey to determine how well its publications are meeting the needs of its stakeholders and what, if any, improvements can be made. The survey should take about 15 minutes to complete and can be forwarded to colleagues for additional responses. Please respond before Friday, April 17. The English version of the survey is here and the French version is here.

New scholarship award for Aboriginal young people wishing to pursue a mining career

The Canadian Institute of Mining, Metallurgy and Petroleum has introduced an annual scholarship award for Aboriginal high school and post-secondary students who are interested in a mining career. The Taking Flight Award will give four exceptional students from across Canada $1,000 each. This year’s winners will be announced at the upcoming CIM Conference and Exhibition, May 10-13, in Toronto. Click here for full details. The deadline for applications is April 17.

PDAC director Don Bubar featured in Toronto Star

We thought members might be interested in this story about Don Bubar and his company’s search for rare earth metals. Don is a PDAC director and co-chair of the association’s aboriginal affairs committee. The article was published recently in the Toronto Star.

Exploration and Mining Geology, volume 17, numbers 3-4, published in March

The publications chair of the Geological Society of CIM has asked us to let members know that the table of contents of the latest issue of Exploration and Mining Geology, volume 17, numbers 3-4, July-October 2008 (published in March 2009) is available here. Further information about the journal, including tables of contents of back issues and subscription rates, is here. The 2009 subscription price for PDAC members is $45.00 + 5% GST, a $95.00 discount off the regular, non-member rate. The journal covers the fields of mineral deposits geology, exploration geology, mine geology, geochemistry, exploration geophysics, geomathematics, ore reserves, and related fields such as sustainable mineral resources development. Click here for instructions on submitting a manuscript.

Reporting for Natural Resources ? Toronto ? May 28 & 29

A conference entitled Reporting for natural resources – Risk management and practical tips for disclosure obligations during an economic downturn is being organized by the Canadian Institute on May 28 and 29 in Toronto. Click here for the program and registration information.

Canadian Mining Law & Finance: Negotiating complex markets ? Toronto & Vancouver

Two conferences on mining law and financing are being organized by Canadian Executive Forums. The first will be held in Toronto June 10-11 at the Metro Toronto Convention Centre; the second will take place in Vancouver June 15-16 at the Metropolitan Hotel. Session topics cover recent developments in mining M&A deals; alternative financing methods; international accounting standards; political risk in South America; and mining and Aboriginal peoples. The fee is $1,445 + GST for registrations before May 1 and $1,595 + GST after that date. Click here for program brochure.