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In This Issue:

Zoë Yujnovich Takes the Helm of the Mining Association of Canada 

 
MAC is pleased to announce that Zoë Yujnovich, President and CEO of Canada’s largest iron ore producer, the Iron Ore Company of Canada (IOC), has been elected as Chair of MAC for a two-year term. She is the association’s first female Chair in its 78-year history. 
 
Ms. Yujnovich replaced Ian Pearce, former CEO of Xstrata Nickel, who served as Chair from June 2012 until his resignation from Xstrata Nickel in May 2013. Ms. Yujnovich has been an active member of the MAC Board of Directors and Executive Committee since 2010 as First Vice-Chair.
 
MAC has had increasing female representation on its Board of Directors for many years, but Ms. Yujnovich’s appointment to Chair is an important milestone, and signifies the growing leadership role of women in mining. MAC would like to thank Ian for his leadership over the years as both Chair and a long-time Board member, and welcomes Ms. Yujnovich to her new role.
 
“It is a privilege to be elected by my industry peers as Chair of the Mining Association of Canada. Given mining’s importance to Canadians as a powerful driver of our economy and as a major employer, my focus as Chair will be on ensuring the industry can continue delivering these benefits to Canadians by improving the sector’s competitiveness and maintaining its reputation for excellence in corporate responsibility.  Part of how we do both is by maintaining and strengthening a focus on workplace diversity, which will also enable our sector to address our human resources challenges directly.”
- Zoë Yujnovich, President and CEO, IOC
 
Ms. Yujnovich began her mining career in Australia with Rio Tinto (Comalco Smelting) in 1996 as a Process & Development Engineer, and quickly moved up the ranks. Following positions of Crew Supervisor for Comalco and Senior Business Analyst with Rio Tinto Procurement, she re-located to the United States where she held management positions at Quadrem and Kennecott Land from 2000 to 2004.  Ms. Yujnovich returned to Australia to work as Plant Operations Manager for the Rio Tinto Pilbara Iron Mine. From 2007 to 2008, she was selected to provide advisory support to the Chief Executive of Rio Tinto at the company’s headquarters in London, England. She moved on to become President of Rio Tinto Brazil in 2008 until her appointment to IOC in 2009. 
 
“Zoë’s success in the industry is a testament of her talent, and also shines a light on the rewarding careers for women in the mining sector. Her experience and expertise will serve her well as Chair of the national association representing one of the largest mining industries in the world.”
- Pierre Gratton, President and CEO, MAC
 

Transparency Working Group Releases Draft Recommendations 

 
On June 14th, the Resource Revenue Transparency Working Group released its draft recommendations on implementing mandatory reporting standards for Canadian mining companies for public comment. This release follows Prime Minister Stephen Harper’s pre-G8 announcement that Canada will establish new transparency standards.
 
This document represents over nine months of collaborative efforts by the working group whose members include MAC, the Prospectors & Developers Association of Canada, Publish What You Pay-Canada and the Revenue Watch Institute. Consultations have been held across Canada with industry, civil society, government officials and experts to develop draft recommendations that reflect not only the desire to improve the management of revenues derived from mining activities, but also the unique Canadian regulatory environment. 
 
“The Canadian mining industry is fully committed to improving transparency in a way that aligns with global standards.  The launch of the draft framework, which was developed hand-in-hand with our civil society partners, is an important step forward to help reduce corruption and build governance capacity, while showcasing the positive contributions we make to the countries where we operate.” 
- Pierre Gratton, President and CEO, MAC
 
The working group looks forward to obtaining additional feedback from a broad range of stakeholders and governments on the draft recommendations with a view to finalizing recommendations in the fall.  The draft recommendations and a background document can be found on the MAC website.

First Recipient of MAC’s Mineral Economics Scholarship Announced 

 
MAC and its members are pleased to announce that Briana Brownell has been selected as the first recipient of the Paul Stothart Memorial Scholarship in Mineral Economics ($3,500 value). 
Amongst a group of highly-qualified applicants, Briana stood out for being a top student in finance and economics. She is currently pursuing a Master of Arts in Economics from Carleton University and graduated from the University of Saskatchewan with a Bachelor of Science in Mathematics.  
 
Briana is from Saskatoon and understands the important role the minerals and metals industry plays within her home province.  In 2010, Briana spearheaded the development of a Corporate Reputation Index intended to measure Saskatchewan residents’ impressions of prominent companies in the province, including BHP Billiton, Cameco and Potash Corporation, on aspects such as the environment and employment. Last year, Briana was consulted by the Aboriginal Human Resources Council to assist in developing an assessment tool to allow employers to evaluate and improve their inclusion of Aboriginal Canadians within their workforce.  These accomplishments reveal that Briana has sound knowledge of some of the main priorities of our industry, notably labour issues and the environment. 
 
The scholarship was established in 2012 from the generosity of MAC member companies in memory of the late Paul Stothart, MAC’s former Vice President of Economic Affairs. The scholarship will be awarded annually to a Canadian university student who shares a similar passion and talent for mining finance as Paul had.

Queen Elizabeth II Diamond Jubilee Medals Awarded at MAC’s AGM 

 
Roberta Jamieson, President and CEO of Indspire, presented Kara Flynn, Syncrude Canada’s Vice President of Government and Public Affairs, and Gordon Peeling, former President and CEO of MAC, with Queen Elizabeth II Diamond Jubilee Medals for their work in advancing Aboriginal partnerships in the natural resources industry. Indspire was among a number of partner organizations invited by the Government of Canada to nominate candidates for this national honour. 
 
In her presentation, Ms. Jamieson recognized Syncrude Canada’s progressive company actions in the realm of Aboriginal engagement, as well as Ms. Flynn’s significant personal involvement in Aboriginal-focused organizations, including the Canadian Council for Aboriginal Business where she serves as a member and Secretary of the Board of Directors. 
 
Mr. Peeling was recognized for his long-standing work in Aboriginal relations within the mining sector during his tenure at MAC and beyond. Under his leadership in 2009, MAC signed a Memorandum of Understanding with the Assembly of First Nations to help foster economic and business development for First Nations from the mining sector. He continues to remain engaged in Aboriginal programming through his ongoing involvement with Indspire as a member of its Board of Directors. 
 
The Queen Elizabeth II Diamond Jubilee Medals mark the 60th anniversary of Her Majesty Queen Elizabeth II’s accession to the Throne. The commemorative medals also serve to honour the contributions and achievements of 60,000 Canadians across a broad range of activities.
 

Registration Open for CAMA’s 21st Annual Conference 

 
Registration is now open for the Canadian Aboriginal Minerals Association’s (CAMA) 21st Annual Conference, which will be held in Vancouver from November 3-5, 2013.  This year’s theme is “Exploring Values, Mining Decisions: Maximizing Community and Minerals Industry Resources for the Benefit of All.” Widely held as the premier Aboriginal minerals conference in Canada, it is sponsored and supported by a number of MAC members and industry associations. 
 
Conference speakers will discuss a wide range of topics, including the education and training of Aboriginal youth, development of participation agreements and ways to mutually prosper in the minerals industry.  
 
CAMA is an Aboriginal, non-profit organization which seeks to increase the understanding of the minerals industry, Aboriginal mining and Aboriginal communities' paramount interests in lands and resources. To register for the event, please visit CAMA’s website

Several MAC Members Named Best 50 Corporate Citizens in Canada 

 
In its latest issue, Corporate Knights has named eight MAC members in its 2013 Best 50 Corporate Citizens in Canada list. We congratulate Teck Resources, Barrick Gold, Suncor Energy, Inmet Mining (now First Quantum), Kinross Gold, IAMGOLD, Agnico-Eagle Mines and Stantec for this important recognition. 
 
Companies with revenues of at least $2 billion and 2,000 employees in 2011 were measured on environmental, social and governance indicators found in public information. Indicators include, but are not limited to, energy, carbon and water productivity, and percentage of women and minorities on Boards. 
 
Corporate Knights also named three MAC members in its Canada’s Top Foreign Corporate Citizens list: ArcelorMittal Mines Canada, Shell Canada and Vale Canada. This list is comprised of companies with substantial operations in Canada who are leading the way on corporate citizenship and have their main headquarters in another country. For more information, visit the Corporate Knights website.

IAMGOLD and Teck Make the Top 50 Socially Responsible Companies List 

 
Two MAC members, IAMGOLD and Teck Resources Limited, have made the fifth annual Top 50 Socially Responsible Companies list produced by Maclean’s Magazine and Sustainalytics. 
 
Companies are evaluated by Sustainalytics—a global leader in sustainability analysis—on their performance across a broad range of environmental, social and governance indicators. Of particular interest to MAC, Sustainalytics has recognized the association’s Towards Sustainable Mining (TSM) initiative and its work on tailings management as being particularly helpful in identifying leaders in the Canadian mining industry.
 
IAMGOLD was recognized for its ongoing work to develop a company-wide biodiversity management program, as well as for implementing a “substantial environmental program to manage its tailings, [which] is aligned with the Mining Association of Canada’s Guide to the Management of Tailings Facilities, considered an industry best practice.”
 
“IAMGOLD’s reporting under the Mining Association of Canada’s Towards Sustainable Mining initiative indicated to us that the company is proactively and systematically managing the risks associated with its tailings facilities. TSM provides valuable and detailed information about an issue that can pose significant operational and reputational risks to mining companies and their shareholders.”  
- Irene Sosa, Senior Analyst, Sustainalytics
 
Teck was recognized for its strong community engagement practices, particularly with women and vulnerable groups. Moreover, Teck was acknowledged for its work with international organizations and NGOs for its Zinc & Health program that aims to reduce child mortality and illnesses stemming from zinc deficiency.
 
“Teck has made community engagement a top priority and this achievement recognizes the company’s successes in this area. It is also an aspect where Teck shines in our Towards Sustainable Mining initiative, evidenced by the company’s strong performance in the program’s Aboriginal and community outreach indicators,” said Pierre Gratton, MAC’s President and CEO.

About the Mining Association of Canada (MAC)
 
MAC is the national organization for the Canadian mining industry.  Its members account for most of Canada’s production of base and precious metals, uranium, diamonds, steel making coal, mined oil sands and industrial minerals and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication.
 
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