The Prospectors and Developers Association of Canada (“PDAC”) annual
mining conference is being held in Toronto this week (March 6-10). This is
the world’s largest international mining show. Approximately 20,000
attendees are expected to visit the conference hall during its 3-1/2 day stint.
PDAC is enjoying its 77th birthday. It was founded in 1932 by a group of
prospectors that shared a common purpose. Today, the goal of PDAC is to
promote the mining exploration and development industry, both in Canda
and globally.
The mining industry constitutes close to 5% of Canada’s GDP. But the
importance of the industry to other industries is often overlooked. For
instance, the mining industry contributes about 60% of railway revenue. As a
corollary, a direct recipient is the country’s ports. Then there are all of the
mining equipment and services companies: haulers, graders, drills, hard hats,
minng lamps, and steel-toed boots, etc.

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