With attendance totaling up to 24,161, the Prospectors & Developers Association of Canada (PDAC) 2017 mining convention indicated that confidence has returned to the mineral exploration and mining industry.
The annual PDAC convention is known to be the largest mining industry event in the world, attracting mining executives, investors, government officials, prospectors, analysts, geologists, and students. Commenting on the event, which sold out all its exhibitor space, PDAC president Glenn Mullan said:
“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. There was an upbeat vibe throughout the convention – a positive sign for the sector going forward.”
Part of this year’s PDAC mining convention was the International Mines Ministers Summit (IMMS), which the organization hosted in partnership with the World Economic Forum. Attended by more than 25 mining ministers from all over the world, the summit provided experts a setting to explore opportunities and address challenges affecting the industry. Specifically, it focused on mining innovations and sustainability.
Also during the event, Canadian Minister of Natural Resources, Jim Carr, has announced the renewal of the country’s Mineral Exploration Tax Credit (METC) for one year, as well as some information about the flow-through share system.
Next year’s PDAC mining convention is scheduled to happen on March 4 to 7, 2018.