TORONTO and VANCOUVER, March 2, 2017 /CNW/ - One of the world's leading mining sector consultancies, CSA Global is confident the Canadian mining industry is poised to make a comeback in a big way.
CSA Global's presence in the international resource and mining industry provides a unique perspective on some of the trends that are emerging in the global mining industry.
Key among these are the resurgence in exploration globally, particularly with precious and base metals projects, but increasingly for a wide range of minerals used in the battery market, for example, graphite, lithium, nickel, and cobalt. The company has seen a strong uptick in project acquisition activity.
"The increase in exploration and deal activity is further evidence that the market is moving beyond the recovery phase," says Stan Wholley, CSA Global, President - Americas "The prices of many mineral commodities are up, access to capital has significantly improved, and there is much more positive sentiment."
Wholley added, "There is strong investment interest in exploration and mining stocks on the Australian market (ASX), several exploration IPOs have already been completed, and more are in the queue. We have seen growing interest in the London markets for mining investments and the same thing is happening in the Canadian market. So, we believe the stage is set for the Canadian mining industry to once again move into a period of prosperity."
With increased commodity prices, CSA Global is currently experiencing strong demand for resource estimation, mine planning and corporate services as companies seek to re-evaluate their mineral assets and reconsider their game plan. The growth in demand for independent technical evaluations has seen the company ascent to second position globally for resource reporting.
The demand for expertise for mine site technical services and operational support has also surged. CSA Global has recently witnessed a change from a cost-cutting mentality to an investment approach. Mining companies are improving their operating margins via the greater adoption of technology and integrating more geoscience into mine planning.
"Mining companies of all sizes in Canada are seeking to access our unique global experience and local expertise," says Wholley. The latter of which he adds is crucial as it provides a comfort factor to the client, that local conditions and constraints are understood.
CSA Global recently acquired A.C.A. Howe International, one of Canada's oldest and most respected independent mining consulting companies for this reason. "We believed the time was right to invest in A.C.A. Howe International in Toronto to complement our existing business in Vancouver," says Wholley. "We are aiming to build on the combined expertise of both companies in Canada and are excited to introducing additional capabilities to the Canadian market that are available throughout our international offices."
CSA Global will be exhibiting at this year's PDAC Convention between 5-8 March 2017 at the Metro Toronto Convention Centre in Canada. You can visit members of the CSA Global team at booth 249.
The convention will be attended by CSA Global Managing Director, Jeff Elliott, newly appointed President of Americas, Stan Wholley, Director of Toronto and 1st Vice President of PDAC, Felix Lee, Director of Vancouver, Dennis Arne, and Director of Australia, Dr Neal Reynolds. Senior team members of the Toronto and Vancouver team will be in attendance throughout the four-day annual convention.
About CSA Global
CSA Global is mining, geological, technology and management consulting company providing strategic services and advice to companies in the international mining industry. CSA Global provides a range of multi-disciplinary services to mining clients worldwide from its offices in Australia, Canada, Indonesia, Singapore, South Africa, Russia, and the United Kingdom.
Stan Wholley is a partner and a Director of CSA Global with responsibility for group operations in the Americas. He is a seasoned industry professional with 25 years of experience across six continents in the global exploration and mining sector.
For more information: www.csaglobal.com
SOURCE CSA Global
For further information: Media Contacts: Canada: Jan O'Driscoll, Senior Counsel, HOWE&WYE, [email protected], 416-357-1466 ; Australia: Magda Fimmano, Marketing and Communications Manager, CSA Global Pty Ltd, Mining Industry Consultants, [email protected], +61 406.383.203