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Super Heavy Duty Blasting Mats Cont’d from pg. 50 oping countries through the establish - ment of the Canadian International Institute for Extractive Industries and Development. “The institute delivers knowledge that developing countries can use to turn their resource wealth into sustainable prosperity ,” Oliver explained. At a news conference following his speech, Oliver said that mining in Canada is crucial for improving the standards of living in First Nation communities and Aboriginal people. He encouraged mining companies and nearby communities to negoti - ate deals that will be mutually ben - efcial. He stated that the government of Canada, however , will not develop or propose guidelines or standards of what it believes to be acceptable shar - ing arrangements. “The signing of impact beneft agree - ments are to be negotiated between the mining companies and the com - munities and each agreement should refect the local conditions,” Oliver said. Page 50 Xstrata Nickel’ s Sudbury operations By Frank Giorno Mining is one of the driving forces of Canada’ s economic prosperity , del - egates were reminded at the annual convention of the Prospectors and Developers Association of Canada (PDAC). Joe Oliver , Canada’ s Minister of Nat - ural Resources, delivered the keynote speech at the PDAC session dealing with Risk and Reward in Mineral Ex - ploration and Development. “Our government is acting to ensure Canada is the most attractive mining investment destinations in the world,” Oliver said. “W e’re keeping taxes low , eliminat - ing red tape and promoting free trade and innovation.” The total number of convention at - tendees was 30,147, representing 126 countries. Excluding Canada, the lar gest num - ber of attendee s came from the United States, Australia, Peru, Mexico, Eng - land, China, Brazil, Chile, Ar gentina, South Africa & T urkey . Oliver literally had the ear of the in - ternational mining community as he made a pitch for investment in Can - ada. Cont’d on pg. 51 Canadian mineral exports The total value of Cana - dian mineral exports was $92.4 billion in 2012, ac - counting for 20.3 percent or one-ffth of Canada’ s total exports. Key exports from the mining sec - tor included aluminum, nickel, copper , gold, sil - ver , uranium, coal, pot - ash, zinc, diamonds, iron, steel and iron ore. In 201 1, mining produced a $24.7 billion trade sur - plus and $17 billion in capital investments in Canada. As well, in 201 1 the mining sector contributed $63 billion to Canada’ s Gross Domestic Product (GDP) accounting for 3.9 percent of the total GDP . Mining and processing companies paid $7.1 billion in corporate taxes and royalties that help pay for pro - grams and services used by Canadi - ans every day , including healthcare, education and bridges. More than 320,000 Canadians are em - ployed in the mining and mineral pro - cessing industries, creating employ - ment opportunities across Canada. Jobs are also being created in many Aboriginal and Northern communi - ties. According to the Mining Association of Canada’ s latest Facts and Figures report Canada remained the world’ s top destination for mineral explora - tion in 2012 attracting 16 per cent of budgeted spending. Canada remains a world leader in equity raising for ex - ploration and development. Almost 40 per cent of the world’ s eq - uity fnancing for mineral exploration and mining was raised by companies listed on Canadian stock exchanges. Nearly 37 percent of budgete d world - wide exploration expendit ures in 2012 were made by Canadian-head - quartered mining companies. Mining and Aboriginal Communities Oliver emphasized his government’ s commitment to ensuring meaningful consultation with First Nations and Aboriginal communities at the onset of majo r projects. He announced the launch of the updated Exploration and Mining Guide for Aboriginal Com - munities. The guide helps to encour - age Aboriginal participation in min - ing. “Over the next two years we’re in - vesting $13.6 million to fund Aborigi - nal consultatio ns including participa - tion in environmental assessments,” Oliver said. “This underscores our commitment to respect constitutional obligations to Aboriginal Canadians. The minister also highlighted the Ca - nadian government’ s ef forts to mod - ernize Canada’ s mining regulations north and south of the 60th parallel. The government’ s Responsible Re - source Development Plan establishes stringent timelines for reviews of ma - jor projects guaranteeing timely de - velopment of mining projects. The plan also moves Canada to a “one project, one review” approach, making Canada’ s mining regulations among the most effcient, ef fective and competitive in the world. Oliver underscored the importance of utilizing the latest technology in ex - ploration and mining by announcing the latest Geo-mapping for Ener gy and Minerals (GEM) releases. GEM provides geophysical data to guide exploration for base and precious met - als in the Pelly Lake region of Nuna - vut and also provided new geological maps to help locate gold and copper occurrences in the Dawson Range- White Gold District of the Y ukon. The minister reaffrmed the Canadian government’ s support for sustainable economic growth and job creation as a way of reducing poverty in devel - Minister tells mining world: “Canada a gr eat place to invest”