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Toronto to host first Americas leg of Mines and Money conference

Published 2015-11-16, 09:28 a/m
© Reuters. Toronto to host first Americas leg of Mines and Money conference
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TORONTO, Nov 16 (Reuters) - The government of Ontario said
on Monday that the province would play host in September to the
first-ever North American leg of the Mines and Money Conference
as it seeks to bolster Toronto's reputation as a mining hub.
The Mines and Money meeting, typically the most significant
mining industry forum in Asia each year, has also held segments
in London and Australia.
Holding the mining investment forum in Toronto is a unique
opportunity to showcase Ontario's competitive business climate,
the government said in a statement.
Toronto will also host the Americas leg of the forum in
2017, the government added.
The move comes at a time of tremendous pressure for the
mining industry. Commodity prices have collapsed, and prices of
metals hover around multiyear lows.
The Mines and Money forum in Hong Kong drew about 1,500
delegates in April, much lower than it has during boom years for
the industry.
Ontario will join a group of 15 other sponsors of the forum
in the Americas, including Bank of Montreal BMO.TO , which has
played a leading role in a number of major mining deals in
recent years, and the TMX Group X.TO , whose Toronto Stock
Exchange and the TSX Venture Exchange are home to the vast
majority of the world's mining companies.
Toronto already hosts the annual Prospectors and Developers
Association of Canada gathering, the world's largest annual
mining conference, each March.
PDAC has attracted more than 30,000 attendees during boom
times, but its numbers dropped to about 23,500 this year amid
the industry slump.

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