Finance committee  Throughout the world there are always issues involving mining and development. The mining industry itself has really been focusing very heavily on corporate governance, both within the PDAC, which through its e3 has brought out its own program for corporate governance, but also t

Finance committee  We are a very strong proponent, and our industry is a very strong proponent of it. We understand the importance of corporate responsibility.

Finance committee  Absolutely. The TSX/TSX Venture Exchange were the number one in equity capital raised for mining in the world. We're number one in listed mining companies. We have 58% of the world's total mining companies listed, and 43% of TSX-listed companies are mining companies. If you com

Finance committee  People always seem to lump in mining when they see commodity prices and everything. Commodity prices are only helpful if you're a producer. The junior exploration companies are not producers. They rely totally on raising capital in the public markets. You're talking about the ini

Finance committee  Certainly. I'd be glad to. As I said, in 2010 the mining industry employed 308,000 people. We contributed $36 billion to the national GDP. We paid $5.5 billion to governments in taxes and royalties. Over the next decade the Canadian mining industry plans to spend $136 billion in

Finance committee  I want to clarify for members who aren't in mining that the flow-through share regime and the mineral exploration tax credit only apply to exploration in Canada; that's where those dollars go. If you're investing in foreign exploration, that's just raising money on the Canadian c

Finance committee  A major iron ore property was found on Baffin Island. Most of it was found and funded through flow-through share financing. That's a huge success story. What has happened now is that major international investors have bought interests in Baffin Island and are in the midst of br

Finance committee  Our membership is made up primarily of the junior exploration industry. We do have some medium producers. It's primarily the Mining Association of Canada that deals with the producing side.

Finance committee  Thank you. Good evening, Mr. Chair and committee members. I thank you for the invitation to appear before this committee and to offer comments on part 1 of Bill C-38 on behalf of the Prospectors and Developers Association. I am co-chair of the association's finance and tax comm

Finance committee  Thank you. Initiated in 2000 for a five-year period, the METC was reintroduced in 2006 and subsequently renewed for two years. It has since been extended on a yearly basis. We were pleased to see the mineral exploration tax credit included in the March 29 federal budget. Bill C-