Evolution of the global mineral exploration business session to open PDAC 2011

TORONTO, Feb. 7 /CNW/ - The mineral exploration business is changing as global metal reserves decline and as the industry recognizes the need for more greenfields exploration to take place outside traditional mining regions. The challenges to be overcome by modern mineral exploration will be open for debate by a panel of global mining leaders on Sunday, March 6, when the Prospectors and Developers Association of Canada's 2011 convention opens.

"Exploration is where mining starts," said Tony Andrews, executive director of the PDAC. "But it's going through a dramatic evolution now as it adapts to changes that are increasing the cost and complexity of the exploration business without always improving the results. Following the popularity of a similar discussion last year we're bringing back the exploration business panel with new themes and speakers. It will be chance to hear different opinions about how our industry will find the new deposits of metals and minerals the world needs as the 'age of commodities' advances."

The panel discussion called Evolving business exploration models in the 21st century will be an opportunity for leaders in the exploration industry to bring forward some of the most pressing issues that major international mining and exploration companies will face when deposits are often harder to find and more expensive to mine.

The annual PDAC convention brings together the world's mining industry and offers a variety of technical sessions and short courses designed to meet the needs of mineral exploration whether carried out by the exploration departments of major miners by the junior exploration companies for which Canada is known internationally.

Other highlights of PDAC 2011 include:

  • Keynote presentation by the Honourable Laurence Golborne, Chile's Minister of Mining.
  • Commodity outlook featuring uranium, copper, silver and other currently high-interest metals
  • A new corporate social responsibility (CSR) event series that includes, for the first time, a provocative session linking human rights to finance issues
  • Expansion of the popular series of presentations and workshops designed for Aboriginal people and communities interested in learning more about mining and also for exploration companies seeking to improve their ability to collaborate with Aboriginals effectively and increase their cultural understanding
  • Presentation of the PDAC's annual awards

Convention brochure: http://www.pdac.ca/pdac/conv/2011/pdf/2011-registration-brochure.pdf

For more information: http://www.pdac.ca/pdac/conv/index.aspx

About the PDAC:
The Prospectors and Developers Association of Canada (PDAC) is a national association representing the mineral exploration and development industry. Its 7,000 individual and corporate members are involved in the exploration, discovery and development of new mines and new wealth. The PDAC's annual convention is the world's largest annual gathering of the mineral industry. PDAC 2011 will be held March 6-9 in Toronto.

SOURCE Prospectors

For further information:

Saley Lawton
Director Communications
Prospectors and Developers Association of Canada
416.362.1969 ext 225

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