15 www gbr eports c om Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE G l o b al Re a c h O n t a r i o min in g s in t e r n a t i o n a l p r e s e n c e Canada is home t o 75 of the world s mining c omp anies many of which will ne ver have an oper a tion in the c ountr y The T SX and T SXV financial c orners t ones of the mining indus tr y support a ne twork of junior and mid tier mining c omp anies plying their tr ade in over 100 jurisdic tions worldwide A t tr ac t ed by under explor ed r e gions with highgr ade miner aliz a tion and lower w ag e c os t s T or ont o is home t o a ple thor a of c omp anies a t t emp ting t o r e ap the benefit s and navig a t e the challeng es tha t mining in f or eign jurisdic tions pr esent s Dundee Pr ecious Me t als DPM with curr ent oper a tions in Namibia and Bulg aria and explor a tion in Armenia Bulg aria and Serbia epit omiz es the glob al r e ach of mining c omp anies b ased in T or ont o Rick Howes pr esident and CEO of DPM adher es t o a philosophy tha t r espec t s cultur al nuanc es when oper a ting in f or eign jurisdic tions Whene ver you oper a t e abr o ad it is import ant t o r emember you ar e a gues t in tha t c ountr y We mus t be r espec tful of cultur e and tr aditions without imposing f or eign w ays of doing business Pr aising the tr ansp ar enc y of the Namibian g overnment and the support it has given it s mining indus tr y by cr e a ting a r e gula t or y fr ame work tha t works f or the sec t or Rick sugg es t ed tha t modern mining pr ac tic es c an some times be applied with mor e e ase in less de veloped jurisdic tions The c ountries DPM oper a t es in ar e some times mor e open t o adop ting Indus tr y 40 mechanisms than some of the mor e es t ablished Wes t ern c ountries Government s ar e open t o ne w t echnologies and w ant t o incr e ase social r esponsibility he afirmed Mining in Mong olia ac c ount s f or over 10 of it s GDP half of it s indus trial pr oduc tion and 40 of export e arnings The Oyu T olg oi mining pr ojec t a JV be tween T ur quoise Hill R esour c es a majority owned subsidiar y of Rio Tint o and the Mong olian Government is the lar g es t financial undert aking in Mong olia s his t or y A F or eign Inves tment Pr omo tion and Pr o t ec tion Agr eement FIP A w as signed be tween Canada and Mong olia in Sep t ember 2016 and in 2017 Mong olian priv a t e c omp any S t eppe Gold with he ad ofic es in T or ont o and Ulaanb aa t ar w as the firs t c omp any t o sign an MOU with the g overnment f or their Gold2 pr ogr am F ounded in 2016 S t eppe Gold ac quir ed the A T O pr ojec t fr om Cent err a Gold with the int ention t o gr ow the c omp any thr ough o ther ac quisitions In July 2018 S t eppe Gold went public and IM A GE Courtesy of Tore x Gold