ERM Highlights: PDAC 2016
13 July 2016
The Prospectors and Developers Association of Canada (PDAC) hosts one of the world’s leading annual conventions for individuals involved in mineral exploration. This year it brought more than 22,000 attendees and 900 exhibitors from over 100 countries to Toronto, Canada.
Four years into the downturn, we see the following overarching trend — over supply and reduced demand have resulted in continued pressure on the mining sector as it navigates the new normal. Stakeholders demand more transparency, operators look to sell assets and/or reduce operating costs to finance debt, and new projects remain unfinanced.
Today’s commodity and priced-driven environment calls for more focused approaches. This is especially true in the realm of risk management, where recent fatal and environmental catastrophic events have impacted the industry’s credibility.
As a leader in the global mining sector, Environmental Resources Management (ERM) facilitated and participated in a variety of conversations on this topic. During PDAC, we spoke on the importance of stakeholder and community engagement, addressed business critical risks around water management, and facilitated discussions on how companies can manage their risks both at a corporate and operational level.
This document contains our observations and insights from the PDAC Convention 2016. While it is not exhaustive, we hope it brings an understanding to new concepts and/or reinforces some of your own thinking.
Download ERM's observations and insights from the PDAC Convention 2016 (497Kb PDF)