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Mining Advantages in Canada and Turkey

Mining Advantages in Canada and Turkey. Presentation Summary. Bilateral commercial relationship Overview of Canada’s economic fundamentals Growing potential of Canada’s mining sector Canada’s presence in international mining. Forging Bilateral Commercial Ties.

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Mining Advantages in Canada and Turkey

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  1. Mining Advantagesin Canada and Turkey

  2. Presentation Summary • Bilateral commercial relationship • Overview of Canada’s economic fundamentals • Growing potential of Canada’s mining sector • Canada’s presence in international mining

  3. Forging Bilateral Commercial Ties • New Canadian Consulate in Istanbul • New Turkish Consulate in Toronto • Double Taxation Agreement (DTA) • Potential FTA Consultations

  4. Canada’s Economic Fundamentals • World Economic Forum • Moodies • Forbes • OECD • IMF

  5. The Canadian Mining Industry • A Key Feature of Canada’s Economic Landscape • Accounts for over 1/5th of all Canadian exports • $200 billion in international assets • Contributed $50 billion to Canada’s GDP in 2011 • 200 active mines • More than 60 minerals and metals. • World's number-one producer of potash. • Top five producer of: Aluminum, Cadmium, Cobalt, Diamonds, Nickel, Platinum group metals, Salt, Titanium concentrate, Tungsten, Uranium and Zinc.

  6. “Ring of Fire” in Ontario

  7. “Plan Nord” in Québec

  8. Attracting FDI to Canada’s Mining Sector Requirement for International Investors New Canadian Legislation: • 12 months for environmental assessments • 24 months for full panel reviews

  9. Canadian Investment Abroad • Canadian companies are global leaders in all areas of mining. • They are responsible for the largest share of exploration spending in Canada, the U.S., Latin America, Central America, Europe, and Africa. • Almost 60 percent of the world's publicly listed mining companies list in Canada. • Canadian FDI in international minerals and metals stood at nearly $60 billion in 2010.

  10. Corporate Social Responsibility (CSR) • Canadian Government’s Role – Embassy Meetings • Canadian Firms Take the Lead – Two Examples Inmet Mining: “We recognize the need to keep pace and broaden our corporate responsibility portfolio to include more emphasis on community development, human rights, security and biodiversity, in addition to our traditional emphasis on safety, health and environmental performance and community dialogue.” Tüprag: “For us, being a responsible corporate citizen means investing in infrastructure, economic development, and health and education in the communities where we operate so that we can enhance the lives of those who work and live there.”

  11. Summary Here Today • Gowlings Law Firm • Fugro Airborne Surveys • Polipark Inc. Headlines on Canada’s Growing Presence in Turkey’s Mineral Sector “Alamos Finalizes Acquisition of Turkish Gold Assets” “Eldorado Gold (Tüprag) Brings Efemçukuru Mine in to Production” “Silvermet to Further Expand and Upgrade Turkish Operations” “Centerra Gold Posts Strong Drill Results at Ortaçam North in Turkey” New Opportunities to Invest in Canada’s Mining Sector • Ring of Fire • Plan Nord • Other Projects Across Canada • 100 Billion Dollars in New Investment Over the Next Decade

  12. Thank You..Teşekkürler..Merci.. Mike Ward mike@polipark.com

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