Tuesday 27th October 2020

Resource Clips


Posts tagged ‘Prospectors & Developers Association of Canada’

Updated: Mark your calendar

September 18th, 2020

Mining and investor-related events are coming to your computer

by Greg Klein | Updated October 26, 2020

The technology isn’t new but its utility has been emphasized to a physically distant and networked society. Online conferences and seminars, many of them free, have made attendance more accessible than ever. Here’s a tentative list of some upcoming presentations of interest to mining professionals and investors. Mark Your Calendar will be an ongoing Resource Clips feature, so check back for future updates.

 

Africa Accelerating 2020: The Template for Success

October 27 to 29

Premier sponsors: Lucara Diamond and Lucara Botswana

Free

Speakers address several issues of interest to Canadian companies and investors, with topics including African economies, resource and non-resource industries, and supply chains.

More info and registration.

 

AME MinEx Talks: Equity Sharing—Can it be demystified?

October 27, noon to 12:30 p.m. Pacific time

Presented by the Association for Mineral Exploration

Members $50, non-members $100

Jill Tsolinas of the B.C. Centre of Training Excellence in Mining seeks common ground among the contrasting views about this complex topic. The speaker series wraps up on October 29.

More info here.

Register here.

 

AME MinEx Talks final 2020 event: Live Q&A session

October 29, noon to 12:30 p.m. Pacific time

Presented by the Association for Mineral Exploration

Members $50, non-members $100

Chosen by audience vote, the top three speakers of the series answer questions in a meeting emceed by Josh Serfass of Integra Resources.

More info here.

Register here.

 

Capital Markets Insights for the Pandemic Part 4: Base Metals

October 30, 10 a.m. Pacific time

Presented by Save Canadian Mining

Free

Save Canadian Mining founder Terry Lynch moderates a panel discussion and Q&A of 25 minutes each.

More info and registration.

 

Capital Markets Insights for the Pandemic Part 5: Regulators

November 13, 10 a.m. Pacific time

Presented by Save Canadian Mining

Free

Save Canadian Mining founder Terry Lynch moderates a panel discussion and Q&A of 25 minutes each.

More info and registration.

 

2020 NWT & Nunavut Geoscience Symposium

November 23. Presentations remain online after that date

Presented by the Northwest Territories Geological Survey and the NWT & Nunavut Chamber of Mines

Free

Pre-recorded YouTube presentations and downloadable posters go online. Topics include mineral exploration, geoscience, energy geoscience, permafrost science, environmental science, engagement and education, regulatory updates and resource development.

More info here.

No registration required.

 

International Mining and Resources Conference + Expo

November 24-27

Presented by IMARC

Mostly free, some paid access

One of the industry’s largest events connects the mining world for big-name speakers, presentations and exhibitors. Tickets also include admittance to Mines and Money Online Connect from November 30 to December 3.

More info here.

Register here.

 

Mines and Money Online Connect

November 30 to December 3

Presented by Mines and Money/IMARC

Mostly free, some paid access

The London hospitality industry loses but investors gain as this year’s event goes online. Content admission is free but passes for credited investors have been capped.

More info here.

Register here.

 

Vancouver Resource Investment Conference

January 17 to 18

Presented by Cambridge House International

Dates have been set but info’s pending. If past experience is any guide, however, the agenda might include standup comedy masquerading as stock picks.

Registration info to come.

 

AME Remote Roundup 2021

January 18 to 22

Presented by the Association for Mineral Exploration

Fee info here.

It looks like everything from the Core Shack to the Prospectors’ Tent goes online for an annual event that last year attracted over 6,100 people from 38 countries. Recognizing the exceptional circumstances of our time, the 2021 theme will be Leading Through Change.

See the schedule.

Register here.

 

PDAC 2021

Tentatively scheduled for March 7 to 10. Exact dates TBA

Fees TBA

Presented by the Prospectors and Developers Association of Canada

Details are pending, but PDAC intends to present all its traditional programming at the online event.

More info here.

Miners welcome Ottawa’s fall fiscal update

November 22nd, 2018

by Greg Klein | November 22, 2018

A five-year extension to the Mineral Exploration Tax Credit was just one reason why industry praised this week’s federal government Fall Economic Statement. Still, the credit won most of the praise.

Ottawa’s fall fiscal update welcomed by miners

As an important enhancement to the flow-through benefit, the first multi-year extension in the tax credit’s 18-year history had long been advocated by the Prospectors and Developers Association of Canada, the group stated. The renewal will “provide greater certainty and boost confidence for investors, and signals government’s appreciation of the importance of our junior exploration sector,” said PDAC COO Lisa McDonald.

The credit will encourage longer-term planning, giving companies greater assurance “to finance not only the current year of their exploration programs, but also any subsequent exploration necessary to fully scope the mineral potential of a particular property,” the group added.

Echoing those sentiments, the Mining Association of Canada also praised other benefits announced by the Liberal government:

  • The Accelerated Investment Incentive, allowing miners to write off three times the eligible cost of newly acquired assets in the year of purchase

  • The immediately write-off of the full cost of specified clean energy equipment

  • An $800-million/five-year boost to the Strategic Innovation Fund to support businesses

  • A new Export Diversification Strategy aiming for a 50% increase in overseas exports by 2025

  • A proposed $13.6-million funding increase to the Multimodal Integrated Passenger-Freight Information System

  • Enhancements to the Canadian Trade Commissioners Service, including a three-fold expansion to the CanExport program that would help Canadian businesses enter new markets

  • Proposals to streamline regulations, including the establishment of a dedicated External Advisory Committee on Regulatory Competitiveness

  • $773.9 million over five years to improve national trade corridors

Canada’s tax regime is a major determinant of its attractiveness for domestic and international mining investment. MAC appreciates the government’s recognition of the need to improve Canada’s investment competitiveness in mining.—Pierre Gratton,
Mining Association of Canada

MAC stated that Canada’s tax regime lost ground to international competitors when previous budgets reduced or eliminated several direct and indirect mining-related tax credits, while recent American reforms further hindered Canada’s mining tax competitiveness.

“Canada’s tax regime is a major determinant of its attractiveness for domestic and international mining investment,” commented MAC president/CEO Pierre Gratton. “MAC appreciates the government’s recognition of the need to improve Canada’s investment competitiveness in mining.”

While announcing its fiscal update, Ottawa said Canada’s 3% economic growth excelled other G7 nations last year and the country “expects to remain among the fastest-growing economies this year and next.”

The Liberals also project a federal deficit decline from $19.6 billion to $11.4 billion by 2024. The government also forecast a continuous drop in federal debt to GDP, falling to 28.5% by 2024.

Canada’s mining industry employs 634,000 people and contributes $96.5 billion annually to the federal GDP.

PDAC president Bob Schafer comments on the federal Liberal party’s first budget

April 18th, 2016

…Read more

Miners, explorers respond to federal Liberals’ budget 2016

March 24th, 2016

by Greg Klein | March 24, 2016

As Canada’s new government unveiled its first of a series of deficit budgets, juniors applauded the one-year extension to the 15% mineral exploration tax credit. When harmonized with British Columbia’s flow-through, for example, a B.C. resident qualifies for a combined credit of about 32%, the Association for Mineral Exploration B.C. pointed out.

Along with the Prospectors and Developers Association of Canada, AME B.C. also supported the feds’ proposal to allow expenses relating to environmental studies and community consultation to qualify for credits. “Engagement with project stakeholders and environmental planning and management are key components of mineral exploration and development programs,” said president/CEO Gavin Dirom.

Miners, explorers respond to federal Liberals’ first budget

Prime Minister Justin Trudeau congratulates Finance
Minister Bill Morneau after he put Canada deeper in debt.
(Photo: Government of Canada)

The association also welcomed $87.2 million for Natural Resources Canada projects supporting research in forestry, mining and minerals, earth sciences and mapping, and innovative energy technology.

“This investment will extend the useful life of aging laboratories and reduce the impact of antiquated work spaces on the delivery of Natural Resources Canada’s science priorities,” the budget stated. That money was “long overdue,” according to the Mining Association of Canada.

MAC also noted investments in the Canadian Environmental Assessment Agency, as well as Fisheries and Oceans Canada, “that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.”

Among other improvements, the budget resolves “a tax irritant of double taxation of GHG emission allowances,” MAC added. Other features embraced by the association include up to $800 million to “support innovation networks and clusters” and a proposed four-year, $1-billion commitment for clean technology and innovation in natural resources. MAC expressed hope that infrastructure funding—more than $120 billion over 10 years—will improve transportation and northern development.

But the NWT and Nunavut Chamber of Mines called for “direct spending on new nation-building northern infrastructure in roads, power and ports,” something the organization didn’t see specified in the budget. The chamber welcomed the increase in the northern cost-of-living deduction, pilot funding for the Aboriginal Skills and Employment Training Strategy, continued funding for the Canadian Northern Economic Development Agency “to improve the timeliness, predictability and transparency” of regulatory reviews, ongoing support for northern geoscience projects and money for research and traditional knowledge of the arctic environment.

What the chamber recommended but didn’t get was a higher exploration credit for northerners “given the competitive disadvantage we face due to higher costs.” Other neglected requests included support for settlement of northern aboriginal land claims and “curbing the increased alienation of lands and waters in conservation areas.”

PDAC expressed overall satisfaction with the Liberals’ first effort. “The budget adopts a holistic approach to resource development with support for innovation, financing, aboriginal and community consultation, and northern economic development,” said president Bob Schafer.

D & D Securities partner Bob Rose on PDAC and the resilience of the junior exploration sector

March 7th, 2013

…Read More

PDAC 2013—But why?

February 27th, 2013

Despite shaky markets the industry’s biggest annual event remains as popular as ever

by Greg Klein

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Back again from March 3 to 6, it’s the exploration and mining world’s greatest annual event. Everyone who’s anyone in the industry knows that and the numbers prove it: Hordes of people, zillions of booths, masses of presentations, tons of exhibits, truckloads of events, lots and lots of courses, workshops and forums and a whole bunch of other stuff. (Those who need more precise info can click here.) But why, during these lean times especially, do people return to the Prospectors & Developers Association of Canada annual convention?

D & D Securities partner Bob Rose

Bob Rose

That’s a question that troubles Bob Rose. A partner in the Toronto-based brokerage firm D & D Securities who focuses on the juniors, Rose has spent “only 53 years” in the investment business. So he’s entitled to some skepticism.

“It costs how much for a booth, it costs how much to get here, how much to put yourself up in a hotel and feed yourself?” he asks. “And half the companies listed on the Venture stock exchange have got less than $500,000 in the till and half of those people have got less than $100,000.”

Yet still they come. “You’ll see hundreds and hundreds of them in about 35 or 40 aisles with 20 on either side of each aisle like last year and the year before and the year before that—all with their hand out looking for some money to punch a hole somewhere in the world. But very few of them have the ability to feed themselves and pay for their trip to Toronto. So that’s one hell of a question: Why are you doing it?”

A lot of them won’t even be around much longer, he says. “In the next year or so a lot of those companies are going by the boards.” That hardly bodes well for PDAC 2014. But Rose has seen it all before. “Shit, I can remember walking through PDAC just after Bre-X and you couldn’t find anybody with a search warrant.” Yet somehow the sector survived.

Last year’s PDAC convention drew over 30,000 people from 125 countries to the largest event of its kind

Last year’s PDAC convention drew over 30,000 people
from 125 countries to the largest event of its kind.

So is Rose entirely cynical about the event? “It’s a good party,” he concedes. “It’s a very good networking tool. A lot of people find a lot of new shareholders there…. It’s a matter of bringing people together and shooting your idea at the rest of the world. But it’s expensive.”

That might be true for the companies, but most of PDAC 2013 is free to the public.

More openly enthusiastic is Fatih Akarsu, corporate communications rep for Pasinex Resources CNSX:PSE. “It’s the biggest conference for the mineral exploration sector with about 35,000-plus people attending. It’s the greatest way to network with people and get your company’s name out.”

But isn’t it a challenge for a relatively new (March 2012), lesser-known company like Pasinex to get noticed among so many others? “There’s always a challenge with anything in the world,” Akarsu replies. “There are other companies that are better established, but everyone starts from somewhere.”

Pasinex focuses on precious and base metals exploration in Turkey. New regulations requiring exploration licence-holders to either use them or lose them could put about 30,000 licences on the market over the next few years, he says. “So that’s a great indication for the mineral exploration sector that Turkey is pro-business. It’s the world’s 16th-largest economy. In 2011 its GDP was 8.5%, second only to China.” An event like PDAC 2013 can bring the company and the country to greater prominence, Akarsu says. “We’ll be at Zimtu Capital’s [TSXV:ZC] booth 2819.”

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