T H E M I N I N G 201 9 ANN U AL R E P O R T 4 T h e 2 0 1 9 Fed eral b u d g et i n c l u d ed sev eral c o m m i t m en t s t h at we re we l c o m ed b y t h e m i n i n g sec t o r spec i fi c a l l y t h e al l o c at i o n o f 7 0 0 m i l l i o n o v er t h e n ex t 1 0 y ears i n n ew an d fo c u sed fu n d i n g t o ensu re A rc t i c c o m m u n i t i es h av e t h e o p p o rt u n i t y t o g ro w a p o i n t o f p art i c u l ar i n t eres t t o M A C g i v en t h e i n fras t ru c t u re d efi c i t i n C an ad a s N o rt h h as l o n g b ee n a p o i n t o f fo c u s fo r t h e asso c i at i o n an d i t s m em b ers A n n o u n c em ent s p ert ai n i n g t o ski l l s t rai n i n g we re al so i n c l u d ed i n t h e b u d g et wi t h t h e n ew C an ad a T rai n i n g Benefi t b ei n g a st ep i n t h e ri g h t d i rec t i o n t o ad d ress t h e l ab o u r m arket i ssues i m p ac t i n g t h e m i n i n g i n d u st ry T h e O c t o b er 2 1 st el ec t i o n o f a L i b eral m i n o ri t y g o v ern m ent b ri n g s wi t h i t a n ew C ab i n et an d m i n i n g rel at ed p o l i c i es an d i ssues t h at wi l l n ee d t o b e ad d r esse d i n t h e 4 3 rd P arl i am ent T h e L i b eral p l at fo rm spec i fi c al l y i n c l u d ed c o m m i t m ent s o n reso u rc e sec t o r el ec t ri fi c at i o n an d z ero em i ssi o n v ehi c l es I n d i g eno u s rec o n c i l i at i o n an d i n frast ru c t u re i n v est m ent s p art i c u l ar l y i n C an ad a s N o rt h where t rem end o u s o p p o rt u n i t i es fo r t h e m i n i n g sec t o r ex i st Si m i l arl y t h e o t h er p art y p l at fo rm s al so i n c l u d ed c o m m i t m ent s rel at ed t o i n frast ru c t u re i n n o v at i o n i n v est i n g i n t h e N o rt h an d sus t ai n ab i l i t y p rese n t i n g o p p o rt u n i t i es fo r c o l l ab o rat i o n M A C i s we l l p o si t i o n ed fo r c o n v ersat i o n s wi t h n ew l y el ec t ed an d r et u rn i n g M P s an d M i n i st ers h av i n g m et wi t h c l o se t o 8 0 p o l i c y o ffi c i al s i n n u m ero u s federal d epar t m ent s d u ri n g i t s an n u al M i n i n g D a y o n t h e H i l l p ro g ram i n l at e N o v em b er T h e y ear was n o t wi t h o u t i t s c h al l eng es an d t h e C N rai l st ri ke i n N o v e m b er resul t ed i n a si g n i fi c an t d i sru p t i o n fo r t h e i n d u st ry al o n g si d e t h e m an y o t h er s ec t o rs h el d c ap t i v e b y rai l shi p p i n g M A C ap p eared in n u m ero u s m edi a st o ri es o v er t h e c o u rse o f t h e we ek l o n g st ri ke whi c h resul t ed i n c o st l y d i sru p t i o n s fo r C an ad i an m i n i n g c o m p an i es M o re t h an an y t h i n g t h e st ri ke i l l u st rat ed t h at wor k rem ai n s t o b e d o n e t o ensu re p ro d u c t s c an g et t o m arket as d i sru p t i o n s i n t h e sup p l y c h ai n suc h as t h o se i n c u rred b y t h i s st ri ke d am ag e C an ad a s repu t at i o n as a rel i ab l e t rad i n g p art n er an d m u st b e av o i d ed at al l c o st s I n n o v at i o n c o n t i n u es t o b e a b u z z wor d i n t h e m i n i n g i n d u st ry an d 2 0 1 9 saw t h e o p eni n g o f C an ad a s fi rst al l e l ec t ri c u n d erg ro u n d m i n e i n N ew m o n t s Bo rd en P ro jec t T h e m an y i n i t i a t i v es u n d erw ay b y C an ad i an m i n i n g c o m p an i es fo c u sed o n l o w c arb o n t e c h n o l o g y i n c l u d i n g t h e u se o f so l ar an d wi n d farms sho w t h at t h e i n d u st ry i s c o m m i t t ed t o i n n o v at i o n an d h as an i n c reasi n g l y v a l u ab l e ro l e t o p l ay i n ensu ri n g t h e m i n ed m at eri a l s n ec essa ry fo r a g reener f u t u re are sust ai n ab l y so u rc ed Bey o n d ad v o c ac y M A C s o n g o i n g sust ai n ab i l i t y wor k c o n t i n u ed t o p r o g ress an d b e rec o g n i z ed i n 2 0 1 9 O u r m ad e in C an ad a T o wa r d s S u st a i n a b l e M i n i n g T S M i n i t i at i v e c o n t i n u ed t o ex p an d g l o b al l y T h i s award wi n n i n g m i n i n g sust ai n ab i l i t y st an d ard i s n o w b ei n g i m p l e m ent ed b y m i n i n g asso c i at i o n s i n s ev en c o u n t ri es o n si x c o n t i n ent s i n c l u d i n g Fi n l an d A rg ent i n a Bo t swana t h e P h i l i p p i n es Sp ai n an d as o f Sep t em b er o f t h i s y ear Braz i l I n t eres t fro m o t h er m i n i n g asso c i at i o n s aro u n d t h e g l o b e c o n t i n u es d u e t o t h e s t ro n g repu t at i o n o f T S M T S M i s al so c o n t i n u i n g t o ev o l v e an d t h i s y ear saw t h e ad d i t i o n o f t h e n ew I n d i g e n o u s a n d Co m m u n i t y Rel a t i o n s h i p s P r o t o co l wh i c h was rev i sed o v er t h e c o u rse o f t h e l ast t wo y e ars wi t h i n p u t fro m m u l t i p l e st akeho l d ers i n ad d i t i o n t o M A C s C O I P an el an d m e m b ershi p T h e m i n i n g i n d u st ry is t h e l arg est P i e r r e G r a t t o n P r e s i d e n t a n d C E O