The Prospector News

PDAC Welcomes Measures to Support Canada’s Mineral Exploration and Development Sector

You have opened a direct link to the current edition PDF

Open PDF Close
Industry Analysts

Share this news article

PDAC Welcomes Measures to Support Canada’s Mineral Exploration and Development Sector

 

 

 

 

 

The Prospectors & Developers Association of Canada applauds the Government of Canada for taking steps to support the sustainable development of Canada’s mineral resources, as announced in today’s federal budget.

 

 

“PDAC is pleased with a number of initiatives included in Budget 2016 that will support Canada’s mineral exploration and development sector,” says PDAC President Bob Schafer. “The budget adopts a holistic approach to resource development, with support for innovation, financing, Aboriginal and community consultation and northern economic development.”

 

 

In particular, PDAC is pleased with the renewal of the Mineral Exploration Tax Credit (METC) until March 2017.

 

 

“Renewal of the METC sends an important signal to investors that the government understands the importance of Canada’s junior mining sector,” says PDAC Executive Director Andrew Cheatle. “The METC helps to fund exploration activities that lead to the discoveries that could become the mines of the future.”

 

 

PDAC welcomes the commitment to proceed with measures to ensure that costs associated with environmental studies and community consultations will be considered as Canadian Exploration Expenses; something the PDAC has advocated for since 2013.

 

 

The budget also includes $1 billion over four years to support clean technology development in industries including mining, as well as $120 billion dollars over 10 years for infrastructure investment.

 

 

“Innovation is central to strengthening the environmental performance of the industry and preparing for a low-carbon economy,” adds Mr. Schafer. “Key investments in infrastructure can unlock the mineral potential of Canada’s northern and remote regions and PDAC looks forward to working together with the government on their innovation and infrastructure development agenda.”

 

 

PDAC applauds the Government of Canada’s commitment to invest in Aboriginal communities, particularly in the areas of education and skills development, as well as funding for participation in project reviews. These efforts will help build capacity and support more active, meaningful participation by Aboriginal Peoples in the economic opportunities generated by mineral exploration and development.

 

 

About the PDAC

 

 

The Prospectors & Developers Association of Canada (PDAC) is the national voice of Canada’s mineral exploration and development industry. With a membership of over 8,000, the PDAC’s mission is to promote a responsible, vibrant and sustainable Canadian mineral exploration and development sector. The PDAC encourages leading practices in technical, environmental, safety and social performance in Canada and internationally. PDAC is known worldwide for its annual PDAC Convention, regarded as the premier event for mineral industry professionals. The PDAC Convention has attracted over 25,000 people from 125 countries in recent years and will next be held March 5-8, 2017, in Toronto.

 

Posted March 23, 2016

Share this news article

MORE or "INDUSTRY ANALYSTS"


Mickey Fulp - Mercenary Alert: Is Zinc Still a Four-Letter Word?

Read the Report Here Mercenary Alert: Is Zinc Still a Four-Letter Word? ... READ MORE

June 15, 2017

Top 10 Financings of May 2017

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 fina... READ MORE

June 15, 2017

ORENINC INDEX jumps as gold gets political again

ORENINC INDEX – Monday, June 12, 2017 North America’s leading junior mining finance data provide... READ MORE

June 13, 2017

The Week of June 5th to June 11th, 2017 "A Brief Look Back Into Tomorrow"

The new North American trading week began on Monday June 5th with... READ MORE

June 12, 2017

The Week of May 29th to June 4th, 2017 "A Brief Look Back Into Tomorrow"

The new North American trading week began on Monday, May 29th wit... READ MORE

June 6, 2017

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions