Prospectors and Developers Association of Canada's Convention Pumps CA$72 Million Into Toronto Economy
Toronto, Feb 25, 2012 AEST (ABN Newswire) - According to a recent report generated by the Ontario Ministry of Tourism and Culture, the Prospectors and Developers Association of Canada's (PDAC) Convention contributed nearly CA$72 million to Toronto's economy in 2011.
If the convention's growth trend continues—attendance has been climbing since 2009 and early registration figures are up from last year—the economic impact on the city will increase in 2012.
PDAC president Scott Jobin-Bevans says growth is likely. "The convention has really hit its stride in terms of its place in the global mineral industry. In 2011, we had over 27,000 participants from 120 different countries—we're seeing very strong interest again this year, both at home and internationally. Early registration numbers are up from last year, reflecting both the health of the mineral industry and the tremendous networking and educational opportunities the convention offers."
The convergence of investors, analysts, mining executives, geologists, prospectors and international government delegations takes place March 4 - 7 at the Metro Toronto Convention Centre. For more information, visit:
http://pdac.ca
The Ontario Ministry of Tourism and Culture's report provides an estimate of the economic impact of the 2011 PDAC Convention on the local economy in terms of GDP, employment and taxes generated. The analysis is based on information the PDAC provided to the Ministry's Tourism Regional Economic Impact Model (TREIM).
About PDAC
The Prospectors & Developers Association of Canada (PDAC) is the leading voice of the mineral exploration and development community, an industry that employs more than 664,000 individuals, and contributed $132 billion to Canada's GDP in 2021. Currently representing over 7,800 members around the world, PDAC's work centers on supporting a competitive, responsible, and sustainable mineral sector. PDAC 2025, our 93rd annual convention, will take place in person in Toronto, Canada from March 2-5. Please visit pdac.ca for more information.
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