Articles for tag: advisory, BMO, board, Canaccord, Genuity, mining, report, top

January 30, 2024

Ron Finklestien

mining

Atop the mountain of mining mergers and acquisitions, a report has hailed BMO Capital Markets and Canaccord Genuity Group as the paragons of advisory prowess in this lucrative corner of the financial world. Aurojyoti Bose, lead analyst at GlobalData, effusively noted that “Canaccord Genuity Group registered significant growth in the volume of deals advised and ranking by this metric in 2023 compared with the previous year.” Like the champions of mining M&A alchemy, Canaccord Genuity Group was the only adviser to hit the double-digit deal volume in 2023, a feather in its ever-glistening cap. Not to be outshone, BMO Capital

January 30, 2024

Ron Finklestien

mining

Amendments to British Columbia’s Land Act Proposed Amendments to Land Act Could Empower Indigenous Communities in British Columbia

Without any media alert, McMillan, a Vancouver based law firm, issued a release emphasizing the potential significance of impending changes to land use decisions in British Columbia which could have far-reaching implications for the resource sector. The firm expressed in its release, “Make no mistake – the subject matter of the consultation is unprecedented and of profound importance to any company that requires authorization to use Crown land in BC.” “These include things like grazing leases, mining leases, licenses of occupation, and dock permits.” According to McMillan, historically, these decisions have been made by the Minister responsible for the Land

January 26, 2024

Ron Finklestien

mining

Codelco names mining veteran Braim Chiple as CCO

Codelco’s New Chief Commercial Officer Appointment Signals Shift Amid Tough Mining Climate in Chile Codelco Taps Braim Chiple as Chief Commercial Officer In a strategic move amid Chile’s evolving mining landscape, Codelco appoints Braim Chiple as its new Chief Commercial Officer, securing a veteran in the mining industry. Chiple, currently an adviser and senior consultant for copper trading in South America at Mitsubishi RtM, brings a wealth of experience and expertise to his new role. Chile’s Shifting Mining Policy Landscape Chile, the leading copper-producing country and second-largest for lithium, experienced significant policy shifts recently. President Gabriel Boric’s decision to increase

January 26, 2024

Ron Finklestien

mining

Mining Industry Personnel Updates Mining Industry Personnel Updates

Galway Metals has elevated Jesse Fisher to the position of project manager for the Clarence Stream and enlisted the services of Robert Richard to head their exploration efforts. Moneta Gold and Nighthawk Gold have concluded their merger with Keyvan Salehi being appointed as the president, CEO, and a director. Newmont has designated Peter Wexler as its chief legal officer. Patriot Battery Metals has disclosed that Ken Brinsden will be transitioning into the role of CEO and president, based in Quebec. Snowline Gold has welcomed Brian Hegarty as the new VP of sustainability and external relations. Gordon Neal has joined World

January 26, 2024

Ron Finklestien

mining

Codelco brings veteran Braim Chiple onboard as COO Codelco brings veteran Braim Chiple onboard as COO

As Codelco, the copper giant, grapples with increased costs and decreased production, it has turned to seasoned mining professional Braim Chiple to lead the charge as its new Chief Operating Officer (COO). Previously advising and senior consulting for copper trading in South America at Mitsubishi RtM, Chiple comes into the fold at a time when Codelco is facing an uphill battle. Codelco’s production saw a significant plunge to the lowest level in 25 years in 2022, marking a worrying trend of decline after years of underinvestment in its aging deposits. It now faces the risk of losing its coveted position

January 25, 2024

Ron Finklestien

mining

Bank of Montreal Takes Firm Stand Against Discrimination Bank of Montreal Takes Firm Stand Against Discrimination

The recent dismissal of staff by the Bank of Montreal (BMO) has not gone unnoticed. Several employees, including two who resigned, reportedly engaged in homophobic behavior towards a colleague, both in person and on digital communication platforms. These incidents have stirred conversations and concerns, with the Globe revealing that the concerning actions were carried out by five junior staff in the metals and mining unit, along with a director who supervised them. BMO’s Chief Executive Officer, Darryl White, has made it clear that such behavior is intolerable within the organization. He emphasized that all employees, without exception, are expected to

January 22, 2024

Ron Finklestien

mining

TNM’s Anthony Vaccaro Hosts the Celebrated Canadian Mining Hall of Fame TNM’s Anthony Vaccaro Hosts the Celebrated Canadian Mining Hall of Fame

TNM Group president Anthony Vaccaro MCs the 2024 Canadian Mining Hall of Fame ceremony in January. Credit: Canadian Mining Hall of Fame Bestowing honor upon five extraordinary individuals in the Canadian mining industry, the Canadian Mining Hall of Fame induction ceremony stands as a testament to the relentless spirit of innovation and dedication. On the 11th day of January, amidst the bustling streets of Toronto, the event commemorated the illustrious contributions of William Roscoe and John Postle, David Bell, Ross Lawrence, and Eric Sprott, as they ascend to the venerable echelons of the CMHF. Prior to the ceremonious inductions, Anthony

January 19, 2024

Ron Finklestien

mining

Brazil and Saudi Arabia Eying Mining Investments Brazil and Saudi Arabia Eying Mining Investments

During a bilateral meeting with the minister of investment and the minister of mining from Saudi Arabia, Brazil’s minister of mines and energy, Bento Albuquerque Silveira, underscored the indispensable nature of investments for Brazil in energy transition. Silveira emphasized that Brazil possesses a wealth of mineral potential, natural resources, and critical minerals, which are vital for the energy transition. Silveira conveyed that he had fervently discussed the energy transition with the Saudi officials, and they expressed a keen interest in investing in the energy and mining sectors in Brazil, acknowledging the country’s prominence in rare earths, a crucial component for

January 9, 2024

Ron Finklestien

mining

Norway’s Arctic Ocean Deep Sea Mining Approval Norway’s Controversial Approval of Arctic Ocean Deep-Sea Mining

As Norway greenlights deep-sea mining in the Arctic Ocean, it is anticipated that an agreement on deep-sea mining in international waters could follow later in the year. The move by the European country, typically esteemed for vast oil and gas reserves, aims to diversify its economy away from fossil fuels. However, it has placed the country at odds with the EU and the UK, which have called for a temporary ban on the practice due to concerns about environmental effects. The Norwegian government announced, “We’ve mapped vast areas in the northern Norwegian Sea since 2017. We’ve taken samples and collected

January 7, 2024

Ron Finklestien

mining

Brazil Enhances Security in Gold Mining Areas Brazilian government, miners join forces to improve security in gold mining areas

Setting the stage for a progressive partnership, the Brazilian government has inked an agreement with mining companies to enhance security in gold and precious metals mining regions. The collaboration aims to conduct thorough studies and analyses that will inform the development of robust strategies to counter organized crime activities affecting these areas. Leading the charge is the National Secretariat of Public Safety (SENASP), which will work alongside local communities and authorities to cultivate a comprehensive approach. The ultimate goal is to fortify defense mechanisms against criminal activities and foster seamless information exchange between mining firms and municipal, state, and federal