Simon Rees

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Simon Rees

Financiers circle as Arianne seeks funds to advance Lac à Paul project

5th August 2016 With a Ministerial decree in hand, issued on December 22, to advance its Lac à Paul phosphate project, in the Saguenay-Lac-Saint-Jean region of Quebec, Arianne Phosphate hopes to put Canada – where potash is king – on the phosphate map. However, the market it seeks to enter is competitive,... →

Fission outlines two-prong strategy as summer exploration campaign is mounted

28th July 2016 Flying into Fort McMurray, Alberta, evidence of the gargantuan forest fire the region suffered in May stretched for miles around: blackened trees, burnt branches and buildings turned to ash. The blaze occurred during a tough time for the region: low oil prices had led to reduced work in the... →

Silver outshines gold with robust H1 performance

15th July 2016 While silver is sometimes called “poor man’s gold”, it has nevertheless outshone the yellow metal’s performance in recent months. Silver reached $20.47/oz on the July 11 London Bullion Market Association fix, a level not seen in almost two years. This was compared with a year-start fix of $14/oz... →

Lithium bubble floats higher as investors ignore dangers

11th July 2016 Lithium is in a bubble and many investors have taken positions in companies with little prospect of achieving a market presence, let alone creating value, Resource Maven newsletter writer Gwen Preston told Mining Weekly Online in a recent interview. “Lithium stocks are in a bubble and many of... →

Photo by Reuters
Lithium stocks are in a bubble and many of them have outperformed the market

Average capex overrun for mining companies hits 37% – EDC study

1st July 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... →

Analyst urges caution as lithium excites and pitfalls multiply

23rd June 2016 Lithium’s prospects are bright as demand from the battery sector is surging and observers believe it will only get better as more electric vehicles (EV) are produced and new energy storage solutions arise, such as Tesla’s Powerwall technology. Indeed, prices had marched higher, while... →

Photo by Reuters
Rockwood's Lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile

Average capex overrun for mining companies hits 37% – EDC study

20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... →

Peruvian mining volumes continue to grow as new president takes helm

15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... →

Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski

Mining companies urged to consider price forecasting with greater care

27th May 2016 While predicting future metals prices is a vital tool for assessing the viability of a deposit, a project’s economics or the potential income an operation could expect to generate, the prognostications often prove wrong. “Studies of past forecasts show that the success rate for commodity price... →

Mining companies urged to consider price forecasting with greater care

18th May 2016 While predicting future metals prices is a vital tool for assessing the viability of a deposit, a project’s economics or the potential income an operation could expect to generate, the prognostications often prove wrong. “Studies of past forecasts show that the success rate for commodity price... →

Latin American Minerals overcoming hurdles to get back on track

6th May 2016 Despite strong economic headwinds, several junior and midtier miners were able to advance projects towards near-production or into operation during the downcycle’s trough; however, plenty of others were less fortunate and had to retrench, mothball or even capitulate. Other projects and operations... →

Denham Capital seeks upside advantage during downturn

18th April 2016 With most metals reaching a bottom, and many of the ‘zombie juniors’ finally laid to rest, opportunities for private-equity companies to find value and upside potential in the mining space have continued to grow. Seeking to tap into these opportunities, private equity firm Denham Capital was... →

Mining companies falter on failure to comprehend sustainability

6th April 2016 Companies need to think beyond environmental or socio-economic engagement when considering sustainability, Schulich School of Business programme director and Inmet chair Richard Ross told an audience at a recent meeting of the Canadian Institute of Mining’s Economic and Management Society in... →

China sets course for smooth economic transition and commodity price gains

24th March 2016 The retreat of commodity prices on the back of China’s economic shift belied rising levels of uptake and the likelihood of an upcycle later in the decade, CRU Group managing consultant Philip Macoun told an audience at the recent Prospectors and Developers Association of Canada convention.... →

Burst bubbles offer salutary lessons for mining industry

21st March 2016 Speculative bubbles offered useful templates for those seeking to identify new ones through which value can be realised before their inevitable burst, newsletter writer Mickey Fulp told an audience at the recent Prospectors and Developers Association of Canada conference. But bubbles also acted... →

Photo by Reuters
Lithium-ion batteries.

While lithium opportunities grow, investors urged to maintain caution

18th March 2016 The increase in lithium prices has tempted more companies to enter the space and take advantage of the growing market interest, said Disruptive Discoveries Journal newsletter writer Chris Berry at the recent Prospectors and Developers Association of Canada conference. “A lot of companies have... →

Seniors record sluggish 2015 performance as cycle turns in gold’s favour

16th March 2016 Senior mining companies continue to struggle with production costs, reserves depletion and write-downs, according to Adrian Day Asset Management owner Adrian Day, who addressed an audience at the newsletter writers’ day during the recent Prospectors and Developers Association of Canada... →

Juniors a safer bet as culling nears completion

15th March 2016 Most of the middling- to poor-quality juniors have finally been eradicated or left impotent by the downturn, which have enabled investors to back the survivors with greater certainty, head of Kaiser Research John Kaiser told attendees at the newsletter writers’ day during the recent Prospectors... →

Photo by Simon Rees
John Kaiser of Kaiser Research

Colombia’s six-pillar strategy lays foundations for mining future

12th March 2016 Colombia’s newly launched six-pillar mining strategy would boost confidence and investor appeal, said Mines and Energy Vice-Minister María-Isabel Ulloa in an interview with Mining Weekly Online. The country’s reputation as a mining jurisdiction had been dented in previous years after a rush of... →

Ecuador open for business as Lundin advances Fruta del Norte flagship

10th March 2016 Lundin Gold’s Fruta del Norte gold project has become a symbol of Ecuador’s desire and confidence to further develop its nascent mining sector. “We’re very happy with Lundin; they’re a world-class mining company and we’ve been working closely with them,” Mining minister Javier Cordova told Mining... →

Failed mining projects offer critical analytical tools to avoid future disappointment

9th March 2016 The capital structures of failed or faltered mines offer important insights when it comes to assessing the potential of future projects, according to Exploration Insights economic geologist and analyst Joe Mazumdar. Mazumdar highlighted an assessment of 15 companies conducted during the... →

US recovery involves short-term pain and long-term gain for commodities

1st March 2016 The US economic recovery placed pressure on metals prices as investors continued to unwind commodities-based positions taken during the resource supercycle, according to Export Development Canada VP and chief economist Peter Hall. It had not been an orderly event, particularly for... →

Gold’s breakout heralds boost for smaller producers as seniors lumber behind

19th February 2016 Gold’s run so far this year might have surprised several analysts, specifically those who had predicted an annus horribilis for the yellow metal starting mid-2015. Gold certainly came under some pressure towards the end of 2015, hitting a calendar-year low of $1 049.40/oz London pm fix on... →

Photo by Bloomberg
Cripple Creek & Victor mine, Colorado

Mining’s improving fortunes weighed down by debt

11th February 2016 The mining sector was expected to climb out of the downturn’s trough by year-end 2016, Paradigm Capital partner and senior analyst David Davidson told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society. However, debt levels were a notable... →

Mining pressed to overcome barriers to secure greater renewable presence

26th January 2016 The pace of renewables uptake by mining companies has been weighted down by the economic downturn, excessive capital costs and cultural barriers, an audience at a recent Canadian German Chamber of Industry and Commerce renewables in mining conference heard. These issues had been compounded by... →

Renewables require innovation and change of mining industry mindset

19th January 2016 The future success of renewables in the mining sector will require companies to overhaul the way they think about energy and mine development, according to professional services firm Deloitte. “When we look at mining, innovation and competitiveness, we don’t often put those things together,” said... →

Renewable energy opportunities rise as costs slide and solutions grow

15th January 2016 TORONTO (miningweekly.com) – Despite the tie-up between the renewables market and the mining sector being dynamic and exciting, the high levels of upfront capital expenditure (capex) needed to install and operate renewable components and storage solutions remained a significant impediment to... →

Diesel price plunge slowed but not stymied renewables uptake

9th January 2016 The mining sector’s uptake of renewable energy could be slowed by cheaper diesel in the wake of crude oil’s price plunge, head of energy consulting firm THEnergy Thomas Hillig told an audience at a recent Canadian German Chamber of Industry and Commerce conference on renewables in mining, in... →

Another tough year for mining as new approaches offer vision of hope

15th December 2015 The downcycle for mining remained in place across 2015 as economic headwinds experienced in many developing-world countries continued to weigh on commodities uptake, Watts, Griffis and McOuat president Joe Hinzer told members at a recent meeting of the Canadian Institute of Mining’s Management... →

Mining industry must adapt to new mind-set surrounding indigenous engagement

9th December 2015 The Canadian and global mining industry must recognise new forms of engagement with indigenous peoples or risk disruption, protest and possible failure, an audience at PwC’s recent Mega Mining Minds seminar was told. “There’s a new form of engagement and a new form of partnership,” former Ontario... →

Mexico retains appeal for mining investment in tough times

7th December 2015 Mexico’s appeal for Canadian mining investment has remained rock solid, with almost $290-million in investment a year secured over the last five years via the TSX and TSX-V, an audience at OntheGround’s recent Mine Latin America seminar was told. However, security issues and a higher rate of... →

Colombia makes mining progress as Peru struggles with social issues

27th November 2015 Columbia remains a jurisdiction with excellent potential for mining companies and investors, but risks remain, while permitting delays persist. Peru, too, remained a leading jurisdiction for mining, but higher levels of social unrest were worrisome, delegates at On the Ground Group’s recent Mine... →

Samarco tailings breach underscores need for industrywide best practise

23rd November 2015 On November 5, there was a large, destructive breach of tailings dams at an iron-ore mine run by Samarco Mineração, in the Brazilian state of Minas Gerais. It was reported that about ten people had lost their lives, while hundreds more had to be evacuated. Much of Bento Rodrigues village was... →

Female discrimination stymies mining industry’s need for new blood

19th November 2015 With its baby boomer cohorts retiring in greater numbers, Canada’s mining industry has faced a slow-motion demographic time bomb over recent years. Replacements with less experience are moving up the corporate chain, while entry-level graduates are increasingly reluctant to work on mine sites... →

Another listless year for mining belies future opportunities

10th November 2015 China’s economic shift and the ongoing debate about a US interest rate rise continue to influence and shape the short-term future of mining and metals, Behre Dolbear senior MD Alastair McIntyre told an audience at a recent meeting of the Canadian Institute of Mining’s management and economic... →

Corruption concerns have increased implications for mining and exploration M&A

29th October 2015 Buyers are becoming increasingly wary of corruption issues when buying projects, operations or other companies, and those looking to sell will have to be more mindful of this, says PricewaterhouseCoopers Canada MD and anticorruption expert Frederic Miller. “Nobody these days wants to buy a... →

Mining companies urged to steer clear of ‘investment landmines’

26th October 2015 Mining companies operating in higher-risk jurisdictions need to remain wary of potential “investment landmines” beyond corruption concerns. That included local employment issues, monitoring political power structures and engaging stakeholders, Veracity CEO Steven Fox told an audience at a recent... →

CSR increasingly at heart of extractive sector’s business with banks

20th October 2015 Extractive and exploration companies needed greater awareness of the banking sector’s view on corporate social responsibility (CSR) and how this informed its willingness to lend, Canadian law firm Goodmans partner Kate Lyons told an audience at a recent Canada-Southern Africa Chamber of Business... →

African opportunities depend on economic corridors, additional infrastructure

9th October 2015 Sub-Saharan Africa continued to face transport bottlenecks and difficulties in bringing large-scale infrastructure projects to fruition, despite increased economic growth and growing population levels, delegates were told at a recent Canada-Southern Africa Chamber of Business infrastructure... →

Streaming deals continue to evolve, syndication may be seen in future

8th October 2015 In hindsight, July 6 could mark an important date for Canada’s streaming companies, as this was the day Silver Wheaton announced receipt of a Canada Revenue Agency (CRA) letter proposing a tax reassessment on income through the company’s foreign subsidiaries between 2005 and 2010. On September... →

Mining’s long-term outlook positive as urbanisation and infrastructure development intensify

2nd October 2015 The outlook for the global economy, infrastructure development and mining is not as dismal as many might believe, Deloitte global mining leader Phil Hopwood recently told an audience at the Canada-Southern Africa Chamber of Commerce seminar on infrastructure in Southern Africa. “People talk about... →

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