PDAC convention exudes positive vibes for mining sector
by jacquie_dealmeida | March 9, 2016 3:31 pm
More than 22,000 people attended the 2016 Prospectors & Developers Association of Canada (PDAC) convention, a turnout organizers say is an indication of a positive shift in the mining industry.
“The mineral exploration and mining industry has been facing an array of economic challenges the past several years, but the sector continues to demonstrate its resiliency,” said PDAC president, Rod Thomas, pointing to new money coming into the industry, favourable market trends, and a move to drive new and sustainable solutions to mining activities.
“The mood throughout the convention was optimistic and upbeat—a positive sign for the sector going forward.”
Held at the Metro Toronto Convention Centre, PDAC drew investors, analysts, mining executives, geologists, government officials, and students from over 100 countries.
In addition, 16 national mines ministers from around the world gathered for the convention’s inaugural International Mines Ministers Summit (IMMS).
Led by Jim Carr, Canada’s minister of natural resources, IMMS provided an opportunity for the international mining community to discuss and work on resolving issues affecting the industry. The convention also drew 25 federal parliamentarians, six provincial/territorial ministers, and two premiers.
“It is important PDAC builds strong working relationships, not only with provincial and federal governments in Canada, but also with international governments to ensure the mineral industry continues to succeed and grow both in Canada and internationally,” said PDAC executive director, Andrew Cheatle.
“The convention was an excellent opportunity to showcase the importance and scale of our industry to the new government of Canada and we look forward to further building upon the constructive activities that occurred at [the event].”
Next year’s convention will be held March 5 to 8.
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