http://www.cbc.ca/news/
Convention generates $72M for Toronto’s economy
It’s billed as the premier mining conference in the world, attracting both those who enthusiastically want to expand mineral exploration and excavation, as well as those who want to stop it.
From its humble beginnings at the King Edward Hotel in 1932 when rough-and-ready prospectors would come in fresh from the field, laying their mineral finds on the table to seek deals with Bay Street investors, the Prospectors and Developers Association of Canada’s annual convention has evolved into a glitzy four-day affair at the Metro Toronto Convention Centre.
The conference, which ends Wednesday, draws 30,000 investors, analysts, mining executives, geologists, prospectors and government officials from 120 countries. African and South American countries were represented in full force at the convention.
Instead of mineral samples — though some conference delegates still bring those — these days, glossy brochures and high-tech presentations are used to seal deals, not to mention the wooing of potential investors with free-flowing beer and fancy cocktail parties after hours.