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Bonuses paid to chief executive officers at Canadian mining companies have fallen 31% to $370,000 this year after a slowdown in commodity demand, according to a survey by Coopers Consulting Ltd. and PricewaterhouseCoopers LLP, Bloomberg reported.

While the average base salary among 78 CEOs rose 0.8% to $490,000 this year, total compensation is down 7% to $767,000, Coopers and PwC said today in a statement.

Mining company boards, under pressure from investors, have refined the performance criteria for CEO compensation in the last few years, Lou Vujanich, principal at Coopers Consulting in Vancouver, said in an interview. Softening commodity demand and prices have curbed profitability and market values, Michael Cinnamond, a senior partner in PwC's mining practice in Vancouver, said in the statement.

Total pay has declined even as incentives rise, Vujanich said. CEO base salaries will probably stay flat in 2013 while cash bonus payments will decline, he said.

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