8 www gbr eports c om Glob al Business R eport s PRERELEASE ONT ARIO MINING 2018 Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE embr ac e diversity and spend mor e time with schools g arnering the int er es t of s tudent s e arly in their educ a tion as Cominc o had pr e viously pr ac tic ed t o gr e a t e fe ct The Canadian Ins titut e of Mining CIM w as one of the firs t indus tr y associa tions t o have a Diversity and Inclusion Advisor y Commit t ee and int ends t o le ad by ex ample t o support the push f or diversity CIM pr esident elec t R oy Slack is p art of a le adership t e am tha t includes Janic e Zinck Ang ela Hamlyn and Samantha Esple y a GM a t V ale R oy emphasiz ed the import anc e of CIM s Mining 4 Socie ty M4S initia tive put in plac e t o enhanc e aw ar eness of mining and incr e ase miner al lit er ac y Ra ther than f ocusing on jus t r ecruitment the M4S initia tive aims t o nurtur e a be t t er public unders t anding of the sec t or Mining is essential f or the quality of lif e we have t oday and our indus tr y has made adv anc es in t erms of saf e ty envir onment al s t e w ar dship and working with Indig enous peoples NORCA T the nonpr ofit or g aniz a tion b ased in Sudbur y won the De Beers Canada Indig enous P artnership Aw ar d in 2018 Don Duv al CEO a t NORCA T no t ed tha t many mines in Ont ario ar e loc a t ed in ar e as with a high popula tion of Indig enous peoples and the gr owing skilled labor short ag e c an ac t as a c a t alys t f or me aningful c ar eer opportunities NORCA T has made a s tr ong ver y deliber a t e ef ort t o p artner with v arious Firs t Na tions t o identify opportunities t o deliver tr aining and de velopment pr ogr ams t o pr ep ar e them f or jobs in c omp anies tha t ar e oper a ting in their c ommunities Neil Nov ak pr esident and CEO of BWR E xplor a tion and f ormer VP Corpor a t e and Aboriginal A f airs f or Nor ont R esour c es when quizz ed on the s t a tus of the planned allse ason ac c ess r o ad int o the Ring of Fir e underlined the import anc e of involving the indig enous peoples thr ough all s t ag es of a pr ojec t Concluding tha t de velopment c an be beneficial f or all p arties he added It pr ovides mor e c os t ef ec tive ac c ess t o this ex citing ar e a f or all explor a tion and de velopment c omp anies while pr oviding be t t er ser vic e t o the af ec t ed c ommunities as needed f or their sus t ainable gr owth In the mids t of the changing envir onment f or funding juniors ar e having t o bec ome innov a tive in their appr o ach Chris tian Kar gl Simar d the f ormer inves tment b ank er turned pr esident CEO and dir ec t or of Adventus Zinc a public junior mining c omp any b ack ed by two major r oy alty c omp anies and two priv a t e equity gr oups manag ed t o r aise c apit al thr ough a hybrid financial model When ask ed about the curr ent inves tment clima t e f or juniors he underlined the nec essity t o think out side the bo x Ther e is s till mone y t o be f ound in the mining sec t or a he althy ec osys t em r elies on junior explor a tion and entr epr eneurship but the tr aditional models of r aising funding thr ough the ins titutional and r e t ail mark e t s have r e ally suf er ed and juniors need t o be cr e a tive in the w ay the y sour c e inves tment s RECRUITMENT IN THE UP SWING THE SCR AMBLE F OR T ALENT AND PU SH F OR DIVER SIT Y E ven during the downturn fr om the end of the super c ycle in 2012 until e arly 2017 ther e wer e over 1000 unfilled jobs in Canadian mining oper a tions as the sec t or s truggled t o a t tr ac t quality t alent r e g ar dless of the c ommodity c ycle ac c or ding t o Chris S t af or d pr esident of ex ecutive se ar ch c omp any CJ S t af or d A ssocia t es Chris has been r ecruiting f or the mining indus tr y sinc e 1981 and w arned tha t the mining sec t or r ec over y in the w ak e of r e tiring b aby boomers will pose a ne w se t of challeng es Mining Indus tr y Human R esour c es Council MiHR pr edic t s tha t over the nex t 10 ye ars 88000 ne w work ers will be needed t o mak e up f or 50000 r e tir ement exit s alongside o ther short ag es Chris went on t o no t e tha t the MiHR pr edic tion w as mer ely the b aseline es tima t e and c onsidering curr ent indus tr y tr ends and f or ec as t s in an exp ansionar y ec onomic sc enario tha t figur e c ould rise t o 130000 The short ag e is r e al and will c ontinue t o plague the indus tr y unless it br o adens it s sc ope f or hiring he said sugg es ting tha t mining c omp anies should