Building Foundations: Manitoba’s Mining Renaissance

Despite a gap between industry size and apparent attractiveness, Manitoba has the makings for long-term success. Catherine Howe PHOTO: Courtesy of Hudbay Minerals Recognized as the second top destination worldwide for mining investment by the Fraser Institute in 2016, Manitoba has captured interest amongst global mining communities and potential investors. Primary criteria factored into the survey, which ranked 104 mining jurisdictions around the world, include resource potential and policy attractiveness. When compared to other mining regions globally, Manitoba certainly ranks highly on eac...

Hon. Blaine Pedersen, Minister of Growth, Enterprise and Trade, Manitoba Government

The new Government of Manitoba is determined to bring business to the province and is focusing on mining potential. What is the main vision of the current administration in Manitoba? Our main message is that Manitoba is open for business. Actions such as red tape reduction and regulatory accountability will make the difference in terms of attracting the investment that Manitoba needs. Our finance department did a review of the number of regulations in place, and it turns out that we have more than 900,000. There are many redundant regulations within every department, which is something that ...

Lucy Pamboukdjian, Chief Commercial Officer, Bolsa de Santiago

The Bolsa de Santiago has made partnerships with regional exchanges as well as with the TSXV in order to maximize the exposure of mining companies in Chile to international investors. Could you please give a brief overview of Bolsa de Santiago? Bolsa de Santiago is the leading stock exchange in Chile and we have existed for approximately 120 years. We are a multi-asset class exchange and we trade equities, fixed income instruments, derivatives and other regulated products. Every financially regulated instrument is traded at the exchange and we also settle and clear trades executed in our exc...

Andre Lauzon, VP Manitoba Business Unit, Hudbay Minerals

Hudbay Minerals has been mining in Manitoba for more than 90 years and continues exploring the province. Could you provide an overview of Hudbay’s operations in Manitoba? We have been in Manitoba for 90 years, a period over which we have mined over 150 million tonnes of ore in the area. The last year has been transformational for us. Lalor had its first production in 2012, and by last year our idea there was to maintain a 3,000 mt/d operation until the end of the mine life. Yet, we identified some opportunities to increase that by at least 50%. As a result, we are already working at a ...

    Mexico’s Automotive Industry: Key Drivers Driven by Driving

    Mexican foundries are struggling to keep up with the demand from the country’s rapidly growing automotive industry. Kevin Norchi Of all the macroeconomic factors impacting Mexico’s steel and iron industry, the booming automotive industry is perhaps the most important catalyst. According to the Mexican Association of the Automotive Industry (AMIA), Mexico is the world’s seventh largest vehicle producer and fourth largest vehicle exporter. In terms of total vehicles produced, the country yielded 3.6 million units in 2016, marking a 56% increase from 2010, and produced 1.9 million in the ...

    Stefano Maggiolino, President and CEO, Tenova HYL

    GBR Connect Series Tenova HYL holds approximately 50% of the direct induced iron (DRI) reduction market, a technology which it has pioneered. Could you give an overview of Tenova HYL’s history in Mexico? Mexican companies are generally very good manufacturers but they use foreign technologies. There are very few Mexican companies that develop innovative technologies with commercial value abroad, and Tenova HYL is one of them. We are very proud to export Mexican intellectual property around the world. HYL is a pioneer of direct induced iron (DRI) reduction. In the 1950s, when there was a shor...

    Gerardo Teviño, Partner, Carlos Lopez, Partner and Roberto Benevides, Partner, Deloitte

    GBR Connect Series Roca Acero speaks to GBR about the current state of the scrap market in northern and central Mexico where the ‘Trump effect’ and the automotive sector are driving the market. With growth averaging over 2% in the last few years, how has this affected the steel sector? Gerardo Tevino (GT): In the six years of President Peña Nieto’s administration many reforms have been introduced but the economy has not been growing at a high rate. Nevertheless, companies have been performing well and we have observed a change in the economy; before it relied a lot on oil and gas but n...

    Rob Tyson, Managing Director, Peel Mining

    St. Barbara describe its exploration operations in the Cobar Superbasin of New South Wales. ASX gold producer St. Barbara recently invested A$3.3 million to gain a shareholding of approximately 9.5% in Peel Mining. How has this development shaped the company’s path for 2017? St. Barbara has indicated an interest in growth over the near-term and, following a due diligence process, deemed that our projects had a synergy with their objectives. St Barbara has said that it will only partner with efficient, targeted companies that are doing a good job and getting most of their money in the grou...

    Investment Challenges: Looking for new opportunities in a mature market

    Land claims that do not expire, water scarcity and restrictive regulations are hindering junior exploration in Chile. Kevin Norchi Given Chile’s extensive mining history and relative political stability, it should come as a surprise that, in 2016, junior mining companies were responsible for only 7.8% of the country’s exploration, while major companies already residing in Chile represented the lion’s share of 80.9%. Chile has high-quality infrastructure, significant port accessibility, legislative transparency and, according to Transparency International, very little discernible govern...

    More articles