TORONTO — Thousands of investors, analysts, mining executives, prospectors, geologists, government officials and students have thronged the annual PDAC Convention – the world’s largest industry event.
Attendance at the Prospectors & Developers Association of Canada’s (PDAC) 2017 Convention totalled 24,161 – a strong indication that confidence has returned to the mineral exploration and mining industry.
The PDAC is the leading voice of the mineral exploration and development community. With over 8,000 members around the world in all sectors of the mining industry, the PDAC’s mission is to promote a globally-responsible, vibrant and sustainable minerals industry.
“The mineral exploration and mining industry is cyclical in nature and has faced a variety of economic challenges over the past several years, but optimism has always remained and it’s fantastic to see this being reflected at the PDAC Convention,” says PDAC President Glenn Mullan, referring to sold out exhibitor space, investor meetings, Short Courses, Mineral Outlook Luncheon, and Awards Gala.
“There was an upbeat vibe throughout the convention – a positive sign for the sector going forward.”
PDAC, in partnership with the World Economic Forum, hosted the International Mines Ministers Summit (IMMS) for the second year, bringing together 25 Ministers responsible for mining from around the world. The event, hosted at BMO, provided an important setting for the global mining community to explore challenges and opportunities affecting the industry.
This year’s Summit is focused on innovation in the mining industry and the clean innovation agenda.
“PDAC is felt as the voice of responsible mineral exploration and mining, not only in Canada but also abroad,” says PDAC Executive Director Andrew Cheatle. “We must continue to build strong working relationships, both nationally and internationally, and the PDAC Convention is the best opportunity to make these connections and showcase our industry and its importance to social-economic development.”
Canada’s Minister of Natural Resources Jim Carr announced the renewal of the Mineral Exploration Tax Credit (METC) for one year, along with the maintenance of the flow-through share system. Overall, over 20 Parliamentarians attended including three Cabinet Ministers.
The next PDAC convention will held from March 4-7, 2018, where the world’s mineral and finance industry will once again meet.