Keynote presentation made at the 2015 XII Congreso Industrial del Federación Nacional de Cámaras de Industrias del Ecuador. Focus of the presentation was on regional economic development strategy to create a vibrant mining / mining-related industry cluster.

1. Creating a World-Class Mining / Mining
XII Congreso Industrial del Federación Nacional de
Cámaras de Industrias del Ecuador
September 24th 2015
Creating a World-Class Mining / Mining
Supply Cluster in Canada

2. The Mining Industry in Canada – Big and Important!
• 380,000 people work in the mining and
mineral processing industries
• 3,400 mining supply companies in
Canada – one of the largest national
mining clusters in the worldmining clusters in the world
• Mining contributes ~$55B to GDP and
20% of the value of Canadian exports
• 1st in potash, 2nd in uranium / cobalt, 3rd
in aluminum / tungsten, 4th in sulphur /
titanium / platinum group metals, and 5th
in nickel / diamonds
Source: Mining Association of Canada
2

3. Province of
Ontario
The Mining Supply / Service Cluster in Northern Ontario – Snapshot
Ontario's Mining Supply and Service Sector
• 40,000 employed
• Economic impact of $6.6B
• 1,000 companies
• 43 active mines
Sudbury
Ontario
Toronto
• 43 active mines
• 30 to 35 advanced mining projects
Timmins
~70% of the activity occurs in the
Northern Ontario Mining Cluster with
Sudbury (population 165,000) serving
as the epicentreSource: Ontario Mining Association
3

4. Competitive
Strong Academic and Research Institutions
Competitiveness via Outsourced Innovation
Globally Relevant Mineral Potential
Ontario’s Competitive
Advantages
Why is the Mining Supply / Service Cluster Successful?
Competitive
$###
Talented and Skilled Workforce
Livable Communities / Healthy Economy
Access between “Buyers” and “Sellers”
Strong and Stable Government / Support
Advantages
Domestic and International Market Focus
4

5. Start-ups and Small Companies Drive the Mining Cluster
93%
of mining and mining supply / service
companies have less than 50
employees.
Approximately
But more importantly…
75% of mining and mining supply / service
companies have less than 10
employees
Source: Canadian Mining Industry Employment, Hiring Requirements and Available Talent - 10 -year Outlook
5

6. 4-10% of new companies
become high-growth firms.
Only…
But the top…
This is Critical for the Future Sustainability of the Cluster
1% in any given year generate roughly
40% of new jobs.
5% in any given year generate roughly
66% of new jobs.
Source: High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011
6

7. Training and DevelopmentInnovation Broker
NORCAT – Our Role in Supporting the Ontario Mining Cluster
Business / Mining Companies
“Buyers”
NORCAT
“Research is turning money into knowledge.
Innovation is turning knowledge into money”
“Reducing injuries, savings lives, and enhancing productivity
is key for the future of the global mining industry”
NORCAT
7

8. What are the Top Five “Things” Entrepreneurs Want / Need?
1
34
8
2 5

9. The Mill’s Start-up Services / Programs – Cluster Leadership
1
9
2 3

10. The NORCAT Innovation Mill is the only
innovation centre in the world that owns
and operates a functioning mine.
This asset provides our clients with a
range of training programs, talent
development services, and opportunities
NORCAT Underground Centre – Unique in the World
development services, and opportunities
to develop, test, and showcase leading-
edge innovation and technologies in
the mining sector.
This asset provides NORCAT with insight
into the latest trends and opportunities
related to technology innovation in the
mining and related industries.
10

11. As part of the Ontario Network of Entrepreneurs, the Innovation Mill acts as Sudbury’s
Regional Innovation Centre, with strong connections to other innovation centres and
corporates across Canada that can be leveraged to expedite the resolution of our client’s
challenges
Creating Virtual Density – Collaborate to Compete = Winning!
11

12. The integrated and collaborative nature of our “clubhouse”…everything under
one roof!
• Start-up Services and Programs
• Co-location Incubator “Clubhouse”
• Conference and Meeting Centre
Multiple players
aligned to the
innovation,
The “Neutral Non-Profit” – Driving Economic Prosperity
• Conference and Meeting Centre
• Educational Institute
• Thought Leadership and Think Tank
• Capital and Talent Connections
• Underground Testing / Showcasing
• Business Development / Customer Connections
• Product Design and Prototyping
• …and more!
innovation,
commercialization and
entrepreneurial
ecosystem working
together to expedite
economic and social
prosperity
12

13. Culture of
EntrepreneurshipEntrepreneurship

14. NORCAT
Sudbury, ON | Timmins, ON | Onaping, ON
@norcat
www.norcat.org
www.facebook.com/NORCAT
www.linkedin.com/company/norcat
Don Duval | CEO | NORCAT
Twitter: @don_duval