by Greg Klein | March 4, 2015
As their 83rd annual event came to a close, PDAC 2015 hosts said they welcomed 23,578 attendees from more than 100 countries. “The crowd included investors, analysts, mining executives, geologists, government officials and students who made the annual pilgrimage to the Metro Toronto Convention Centre for the largest exploration and mining event in the world,” the Prospectors and Developers Association of Canada announced March 4.
While austerity may have inhibited some of the more lavish partying, PDAC president Rod Thomas called this year’s attendance “similar to last year.” Among the positive news were some government announcements including a federal/Ontario study of an all-weather transportation corridor to the Ring of Fire, a memorandum of understanding with South Africa and renewal of the federal mineral exploration tax credit.
The feds drew praise for making environmental studies and community consultation costs eligible expenses. “We particularly appreciate the recognition of community consultation costs, as the industry places a high level of importance on engaging communities about the opportunities, impacts and benefits of mineral exploration and development,” said David McLelland, chairperson of the Association for Mineral Exploration British Columbia.
Consultation took up 21% of B.C. exploration spending in 2012, according to a study conducted for AME BC. In that province, the 15% federal tax credit for investors is harmonized with the 20% flow-through credit for a combined 35% credit, AME BC stated.
The feds also announced the newly created position of corporate social responsibility counsellor for the extractive sector, charged with ensuring “that Canadian companies continue to exhibit the highest standards and best practices while operating abroad.”
Next year’s PDAC conference takes place February 28 to March 2.