Innovation, decarbonization, the future of mining supply: PDAC 2022, Day 2

The second day of this year’s Prospectors and Developers Association of Canada (PDAC) convention has come to an end, leaving attendees with plenty to think about when it comes to the resource sector.

Following the massive plunge in U.S. markets on Monday (June 13), which sent the Dow Jones Industrial Average (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX) into bearish territory, investors in Toronto were understandably concerned about the future of the global economy.

As the day progressed, attention turned to the mining sector’s work in support of environmental, social and governance initiatives, with a particular focus on decarbonization and electrification.

In a panel featuring several exploration companies, participants explained to audience members that the resource sector needs to focus on decarbonizing the mining process, especially when it comes to critical minerals and battery needed to advance electrification.

There was also a discussion about the need to create circular economies around mines so that they can benefit the communities they are part of. Panelists also discussed the end-of-life period of mines and the importance of ensuring that communities are better off after decommissioning and mine closure.

In the afternoon, the annual PDAC awards were handed out – click here to see the list of 2022 winners. On the other side of the building, the Investors Exchange was buzzing with investors eager to learn about innovations that mining companies will introduce in the coming years.

Advancements such as increased electrification throughout the mining process, as well as better ways to reduce and capture carbon emissions, were hot topics among attendees.

Jonathan Wilkinson, Canada’s Minister of Natural Resources, was also present on the second day. He said the government needs to work with the mining sector to ensure projects can move forward efficiently and quickly.

“It just can’t take 15 years to build new mines,” he said, to the delight of the crowd.

On the Investing News Network stage, the second day of the event brought informative interviews on gold, U.S. uranium enrichment, lithium mining and the impact of inflation on the junior mining sector.

The PDAC will conclude on the afternoon of June 15, although an online component will follow from June 28-29.

Click here to read our recap of the first day of PDAC, and don’t forget to follow us @INN_Resource for real-time updates! You can also click here to see our YouTube interviews from the convention.

Securities Disclosure: I, Georgia Williams, have no direct investment interests in any of the companies mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or completeness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the views of Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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