Simon Rees

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Simon Rees

African opportunities depend on economic corridors and additional infrastructure

30th September 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... →

Megafactory trend sparks ‘arms race’ in battery sector

29th September 2015 Tesla Motors’ so-called ‘gigafactory’ has sparked an “arms race” in the battery sector, Benchmark Mineral Intelligence MD Simon Moores told an audience attending the Toronto leg of the company’s World Tour 2015, in which Mining Weekly Online participated. The gigafactory, now being built in... →

TSX monitoring roll-out of latest shareholder voting rights

28th September 2015 Recent requirements surrounding shareholder voting adopted by the Toronto Stock Exchange (TSX) have been successfully rolled out and are being closely monitored, TSX director of compliance and disclosure Eleanor Fritz told an audience at a recent gathering of Women in Mining in Toronto.... →

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

18th September 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’s seminar on infrastructure in Southern Africa. “People talk... →

Iberian advances Cehegin project as iron-ore continues to face strong headwinds

1st September 2015 TSX-V-listed Iberian Minerals has illustrated its ability to move forward despite the strong headwinds currently being faced by iron-ore producers. The Alberta-based iron-ore development company owns the Cehegin project, in Murcia, south-eastern Spain, which has garnered the attention of... →

U3O8 Corp well positioned to take advantage of approaching uranium upside

13th August 2015 The restart of reactor No 1 at the Sendai nuclear plant, in Japan, this week was potentially a harbinger of a rising tide for the uranium industry, underpinned by China’s rapidly expanding fleet of nuclear reactors and other countries seeking to expand their nuclear capabilities as their... →

Despite gold remaining under pressure, niche opportunities surface – Resource Maven

5th August 2015 Gold bugs have had good reason to be gloomy of late as speculation was rife that the yellow metal’s price would in future descend to $1 000/oz, after recently having declined to a five-year low of $1 080.20/oz on the London PM fix. Following this drop on July 24, the gold price clawed back some... →

Carlisle makes progress at Lynn Lake despite tough gold market rout

25th July 2015 The spot price for gold came under notable pressure during the past week, sinking below the psychological barrier of $1 100/oz and reaching five-year lows. On Friday, the London afternoon fix stood at $1 080.80/oz of gold, compared with $1 132.80/oz the week beforehand. The slide was unwelcome... →

Argentinian elections heat up as resource sectors offer country platform for recovery

17th July 2015 It is likely that the new administration of Argentina, which heads to the polls later this year, will be more business friendly and market orientated, with mining and other natural resource sectors playing an increasingly significant role. “The money will start to flow in again once Argentina... →

Nevada Copper moving ahead with fine-tuning Pumpkin Hollow permits

14th July 2015 Nevada Copper is considering modifications of its current state permits for its Pumpkin Hollow project to allow for an operation as envisaged in its recently released integrated feasibility study (IFS) and estimates that this fine-tuning will be completed during the current quarter. Nevada’s... →

Mining industry to refocus metrics and methodologies on long-term efficiency

22nd June 2015 Among analysts, fund managers and investors, questions surrounding liquidity, cash generation and squeezing out productivity gains dominated the conversation on how to best avoid the downcycle’s worst shoals. Many a management had tailored their project and operational metrics in response to... →

Prioritising short-term objectives over long-term strategy to haunt project developers

11th June 2015 With short-term objectives taking precedence over long-term planning and strategy, the shortcomings of senior management and poor CEO performances often exacerbate and sometimes introduce many of the difficulties dealt with by mining companies. That was what mining industry veteran Larry Smith... →

Remote mining operations should spread more grassroots benefits

3rd June 2015 As the mining industry is increasingly looking for world-class deposits in more remote jurisdictions, issues surrounding risk and engagement have become more pressing, seeing as local demands and often-shifting regulatory goal posts are complicating many a project developer's plans. Former... →

New mineral development strategy seeks to maintain Ontario’s pole position

20th May 2015 Ontario’s Ministry of Northern Development and Mines (MNDM) executive adviser Rob Merwin recently stressed the importance of attracting back investment, especially in exploration, to the province, which currently had other jurisdictions champing at its heels for the title of Canada's best mining... →

Davidson says revised measures on way to deal with worst-case CSR scenarios

13th May 2015 In terms of corporate social responsibility (CSR), some parties feel more teeth are needed, particularly when dealing with noncooperative players who get into trouble or do detrimental things, either intentionally or unintentionally, Queen’s University professor of applied mineral economics and... →

Canadian major, midtier miners urged to prepare for transparency act compliance

8th May 2015 The introduction of the Extractive Sector Transparency Act (ESTMA) would represent a sea change in the reporting of payments to government for Canadian seniors and midtiers, Borden Ladner Gervais partner Andrew Powers told an audience at the Canadian Institute of Mining’s management and economic... →

US pressures start to mount for scandal-hit Petrobras

6th May 2015 The pressures embattled oil giant Petrobras might face in the US have started to crystallise, with important implications not just for the company but also for its suppliers, contractors and individual executives. The released its long-delayed but audited financial results on April 22, which... →

Mining companies risk competitive edge without more women on board

13th April 2015 Canadian mining companies should have more women on their boards to sharpen their competitive edge, increase diversity and boost creativity, Patrice Merrin told an audience at the Women in Mining Toronto branch last week. Among her many roles, Merrin was currently a corporate director on the... →

Women often prove better at operating heavy equipment on mine sites than men.

Fission expands footprint and preps for summer drilling campaign

9th April 2015 Just over one year ago, one of the darlings of the Prospectors and Developers Association of Canada conference 2014 was Fission Uranium, with its president and COO Ross McElroy also awarded the Bill Dennis Award for a Canadian discovery or prospecting success. The company had achieved a great... →

Photo by Fission Uranium
Fission Uranium exploring under Patterson Lake, Saskatchewan.

Tough times call for focus and projects with quality – Brennan

2nd April 2015 As commodities remain depressed and the China-driven resource cycle fades, companies must maintain exceptional focus to advance projects, Largo Resources consultant Mark Brennan told an audience at the Canadian Institute of Mining’s Management and Economic Society in Toronto last week. Brennan... →

Photo by Largo Resources
Vanadium pentoxide.

Corruption scandal keeps growing for Brazilian oil giant Petrobras

1st April 2015 Putting the ‘B’ in BRICS, the group of five major emerging national economies of Brazil, Russia, India, China and South Africa, it seemed as if Brazil was finally fulfilling its destiny to become South America’s global powerhouse in the latter half of the 2000s. As an added fillip, vast offshore... →

Shortage of supply will stoke tin price higher in coming years

9th March 2015 Tin’s muted performance across 2014 obscured the potential for price rises and robust margins in the coming years, Hallgarten & Co principal and mining strategist Christopher Ecclestone told an audience at the Prospectors and Developers Association of Canada conference last week. In addition, the... →

Mining companies face increased scrutiny under US anticorruption investigations

7th March 2015 The threat of anticorruption investigation and possible prosecution by US authorities against extractive companies has continued to grow, with investigations becoming more transnational in scope, audience members at Norton Rose Fulbright’s Latin America mining breakfast heard on Tuesday. The... →

Canadian companies flouting CSR best practises risk losing govt support

6th March 2015 Mining companies that flout voluntary corporate social responsibility (CSR) standards and recognised best practices could lose the support and advocacy of the Canadian government, Trade Commissioner Service-Operations and Trade Strategy Bureau director general Duane McMullen told an audience at... →

Copper faces looming supply gap – Teck Resources

5th March 2015 The level of new copper output will be unable to plug a supply gap that could develop as early as 2017, Canadian diversified miner Teck Resources manager for market research Michael Schwartz told an audience at the Prospectors & Developers Association of Canada 2015 convention. Teck has... →

Slide in Chinese coal imports to continue in 2015 – Wood Mackenzie

5th March 2015 Oversupply continues to weigh on the performance of thermal and metallurgical coal exports into China, Wood Mackenzie senior analyst Jonathan Sultoon told an audience at the Prospectors and Developers Association of Canada’s 2015 conference. The causes of oversupply stemmed from an earlier market... →

Big Four squeeze gathers pace as more iron-ore flows into saturated market – CRU

4th March 2015 Iron-ore prices will remain in the doldrums for 2015 as senior producers continue to bring new, low-cost output into the market, CRU group director of multicommodity, knowledge and information Paul Robinson told an audience at the 2015 Prospectors and Developers Association of Canada yearly... →

Brazil’s ambassador to Canada calls for greater trade between the two natural resource giants

3rd March 2015 Brazil seeks to boost the level of bilateral trade with Canada, particularly in the sphere of mining, the country’s ambassador to Canada Pedro Fernando Brêtas Bastos told audience members at the Brazil-Canada Chamber of Commerce mining breakfast on Monday. The level of bilateral trade between... →

Photo by Simon Rees
Brazilian ambassador to Canada Pedro Fernando Brêtas Bastos.

Eagle-eyed investors urged to seek out rich pickings among juniors

3rd March 2015 The worst of the mining industry’s declines are over, although it now faces a trough of uncertain length, the head of Kaiser Research Online John Kaiser told an audience at the Prospectors & Developers Association of Canada 2015 convention. “But now it’s time to get serious – to get out there and... →

Industry should feel euphoric as bottom reached and cycle slowly turns – Roulston

2nd March 2015 The junior mining sector still faces immense difficulties and high levels of attrition, but there is light at the end of the tunnel for those with experienced management teams and promising projects or operations, Quintana Resources Capital president Lawrence Roulston told an audience at the... →

Juniors struggle in sea of red tape, fees and demographic losses – Benjamin Cox

27th February 2015 As the industry prepares for the 2015 Prospectors and Developers Association of Canada’s conference, many have written off the past year as another annus horribilis – a horrible year filled with more impairments, fire sales, debt headaches and muted prices. The junior sector has struggled most,... →

Renewable energy for mines still relevant despite decline in oil price

11th February 2015 The complexities and challenges of running a mine are immense, but the end result is simple; either it makes or loses money. In the current downturn, the difference between success and failure can be a fine line. Central to the issue of margins is the cost of power supply, consumption rates and... →

Photo by Barrick Gold
Barrick Gold's Punta Colorada wind farm, Chile.

Renewable energy's future in mining shines bright

11th February 2015 Renewable power is reliable, proven and continues to offer the mining industry an attractive means to obtain lower-cost energy at remote operations, Hatch director of renewable power Michel Carreau told an audience at a seminar hosted by the Canadian German Chamber of Industry and Commerce’s... →

Mining companies must do more to engage Latin American communities – Molodecky

2nd February 2015 Away from last year’s eye-catching headlines of Venezuelan riots, a World Cup in Brazil, and Argentina’s technical default, most Latin American countries continued to achieve middling-to-fair levels of growth, with Chile and Peru leading the pack. Much of the development and expansion continues... →

All eyes on Saudi Arabia as ups and downs of oil price plunge considered

26th January 2015 The end months of 2014 were grim ones for major oil-producing states everywhere, especially those in the Middle East. As the region continued grappling with the aftershocks of the Arab Spring and the threat of the Islamic State, they also watched the price of oil swoon. All eyes have turned to... →

Mining sector will find reward by addressing risk

23rd January 2015 Consider the resource supercycle: it was a once-in-a-generation event driven by China's becoming the world’s workshop. The country’s demand for commodities seemed insatiable and pushed many metal and mineral prices to historic highs. The mantra for most mining seniors became “big is beautiful”... →

Mining companies urged to take a stand – Divinsky Group

22nd January 2015 Mining has an image problem; it is seen by many in the public as untrustworthy, uncaring and, on occasion, unscrupulous. This is confirmed by polling data, such as the 2014 Edelman trust barometer, where mining came third from the bottom in trustworthiness. Only the chemicals and oil sectors... →

Mining sector will find reward by addressing risk

16th January 2015 Consider the resource supercycle; it was a once-in-a-generation event driven by China becoming the world’s workshop. The country’s demand for commodities seemed insatiable and pushed many metal and mineral prices to historic highs. The mantra for most mining seniors became “big is beautiful” and... →

Northern Iron takes alternative route to advance Griffith mine

6th January 2015 After a tough 2014, junior mining companies will no doubt hope the economic headwinds start to recede in 2015. But it is already too late for some, their fates sealed by evaporated treasuries. Many of these companies tried to weather the storm by slashing expenditure and praying for a return of... →

Debate over Brazil’s new mining code shifting gears

24th December 2014 After a knife-edge campaign Dilma Rousseff, leader of the left-wing Workers’ Party, was re-elected with just 51.6% of the vote in Brazil’s October elections. Much of the debate revolved around the country’s disappointing economic performance; Brazil’s gross domestic product (GDP) growth has been... →

Photo by Reuters
Brazilian president Dilma Rousseff

Toronto-listed miners faced tough but improved conditions over 2014

12th December 2014 TORONTO (miningweekly.com) – The Toronto Stock Exchange (TSX) and Toronto Venture Exchange (TSX-V) witnessed an improved level of financings across 2014, while the avalanche of companies predicted to delist failed to materialise, TMX head, business development, global mining TSX and TSXV Carlos... →

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