Your Natural Resources & Energy Consulting Partner

Transcription

1 Your Natural Resources & Energy Consulting Partner 01

2 The CMA team has worked in more than 50 countries worldwide 50 CONTENTS: Chris Morgan Associates 05 Our Services Date: 08 Global Reach Drawing Number: 09 Case Studies Number of Crew: 14 Contact Holes Drilled:

3 Chris Morgan Associates We bring together a wealth of sector expertise and experience from around the globe to deliver high quality, cost-effective services that add value to our clients businesses. At Chris Morgan Associates we don t apologise for a few grey hairs. After all, it s our decades of experience and extensive network of contacts that set us apart from other consultancies. Then there s the sheer breadth of services we offer - not only the technical mining, metals and energy knowledge you d expect, but also the commercial, financial, banking and legal know-how that enables us to advise governments at one end of the scale and help new start-ups get off the ground at the other. CMA, as our clients prefer to call us, was established in 1998 by founder Christopher Morgan as a consultancy and services company supporting the mining, metals and energy sectors. Since then, CMA has earned an enviable reputation for providing a wide range of competitively priced advisory and operational services to junior and multinational companies, multi-lateral agencies and national governments. We keep our overheads low so if you ve used other consultancies in the past you ll find our fee structure refreshingly transparent and surprisingly good value for money. If you want to know about the road ahead, ask someone who has travelled it Chinese Proverb One of our strengths is the ability to tailor-make a project team that perfectly matches the assignment, handpicking staff and associates to create the optimum mix of skills, experience and capabilities. You can be reassured that with CMA you deal only with seasoned professionals and won t waste your money training up inexperienced consultants. The collective experience of the CMA team over the last ten years spans 25 commodities and more than 50 countries worldwide. As you might expect from individuals with such strong operational track records, all CMA staff and associates have both feet firmly planted in the real world so you can rely on their pragmatic, commercially astute and commonsense recommendations. 03

4 cma has experience in over 25 different commodities 25 04

5 Our Services Through CMA s extensive network of associates around the globe we are able to work wherever our clients operate. Our range of services is just as far-reaching: Advisory Governments and public sector organisations seek CMA s advice on mineral and energy policy, law and privatisation and development strategy, as well as views on institutional strengthening. We have helped the European Union, United Nations, the World Bank, European Bank for Reconstruction & Development and numerous governments throughout Africa, South America, the Pacific Rim and former Soviet Union to restructure their management and market offerings to attract foreign and domestic investment. Start-ups The profitable development of a natural resource venture requires drive and creative thinking combined with professional technical assessments, cost estimating, planning skills and access to capital. Our associates are skilled in steering fledgling companies through all the stages of their development from negotiations with brokers, bankers, potential investors and government ministries to co-ordinating technology providers, advising on legal aspects, addressing environmental issues and recruiting a capable management team. Project evaluation Exploiting minerals profitably and responsibly requires experience and insight into the key technical, commercial, economic, legal, financial and political issues. CMA has extensive experience of helping governments and commercial ventures assess the viability of a natural resources project from initial conceptual study through to pre-feasibility and bankable feasibility studies. Along the way, we co-ordinate all technical aspects such as independent assaying of cores, oil upgrading test work and development of models to evaluate overall project economics and bankability. Minerals that we have studied, evaluated and managed include oil shale and tar sands, coal, oil and gas resources, gold, silver and platinum group metals, tin and tantalum, tungsten, copper, lead, zinc, bauxite and alumina, phosphate and potash, diamonds and gemstones, ilmenite and rutile, industrial minerals, nickel, chrome and molybdenum. Discussions with the Ministry of Mines and Energy - Beijing China 05

6 Our Services Operational Consultancy In today s challenging business environment, you need to perform at optimum efficiency to remain competitive. CMA s knowledgeable consultants can contribute to your business by troubleshooting problems, giving concrete recommendations for process improvements, undertaking specific projects, training your staff and alerting you to new opportunities. While by no means an exhaustive list, past operational assignments have included: Geological reserve definition and optimal extraction planning. Health, safety, environment, community and sustainability performance reviews against best in class standards. Conducting due diligence for banks, financiers, lawyers, insurance companies and mergers & acquisitions targets. Change management implementation programmes. Training workshops and facilitation of discussions. Special Assignments CMA s staff and associates have proven experience in many other aspects of the mining and metals industry including: Interim management Through our widespread network of industry contacts, CMA can identify and recruit suitably qualified professionals with solid, hands-on experience who will add value to your business from day one. Executive placement With a shrinking pool of fresh talent, the ability to find good people becomes more important than ever. Our decades of experience and networking at international level have enabled us to develop an invaluable bank of industry contacts. This is greatly prized by headhunters searching for individuals with that rare commodity: commercial acumen. Business intelligence CMA has researched and advised on country and security issues. We have also been asked to give our opinion of corporate governance performance and the declared and actual business principles of companies and individuals. Coal Mine - Colombia Commodity research Clients regularly ask CMA to give an independent view on specialised or developing commodities such as lithium, rare earths, talc, manganese nodules, travertine, silica sand and diamonds, as well as more conventional precious and base metals, industrial and energy minerals. 06

7 the cma team has worked on over 150 assignments

8 Global Reach Uzbekistan Armenia Gold Negotiations & Feasibility Turkmenistan Oil & Gas Environmental Policy Kazakhstan New Venture Strategy Mining Law & Inward Investment USA Venezuela Canada Uranium Exploration Contract Management Coal Mining Evaluation Brazil Guyana Tin Company Acquisition Bauxite Privatisation Colombia Coal Evaluation / Nickel New Venture Peru a-z Argentina State Mining Company Privatisation Ventilation/Potash Advice Albania Morocco Oil Shale Feasibility Studies Spain From Albania to Zambia, CMA s experience spans the globe. Germany Lignite Strategy Chrome Privatisation Zinc Due Diligence Kosovo Greece IPO Documentation Hungary Bauxite Privatisation Mining Sector Development Ghana Gold New Ventures Nigeria Gemstone Review & Privatisation Options Suriname Bauxite Feasibility Studies South Africa E-Business Opportunity Ethiopia Gold Privatisation Jordan Oil Shale Development Mozambique Tantalum Feasibility Study Zambia Government Service and Privatisation OUR INTERNATIONAL NETWORK OF INDUSTRY PROFESSIONALS ENABLES US TO WORK ANYWHERE IN THE WORLD Experience: 25 years Countries: 50 Assignments: 150 Mongolia Business Intelligence Russia Glass Sand / New Company Evaluation / Gold Mine Evaluation China Glass Sand / New Company Evaluation Oman Copper Privatisation Pakistan Mineral Sector Review Indonesia IPO Documentation Saudi Arabia Government Privatisation Strategy Papua New Guinea Multi Mineral Study Australia Oil Shale Ranking and Acquisition Advice Commodities: 25 08

9 Case Studies Advisory 1 Expertise speaks volumes bringing book to fruition for EITI 3 2 Drawing on its extensive network of contacts worldwide, CMA assembled a team of specialists to advise on and contribute to Drilling Down, a milestone publication that gives a step-by-step explanation of each phase of EITI implementation and unpicks the complex technical and strategic issues involved. The authoritative book was commissioned by the Extractive Industries Transparency Initiative (EITI), the global body that aims to strengthen governance by improving transparency and accountability in the extractives industries sector (mining and oil and gas). Advising the World Bank on mining policy reform Having conducted successful reviews into the Egyptian Mineral Resources Authority and Yemen Geological Survey & Mineral Resources Board, CMA was contracted by the World Bank s IFC PEP-MENA (Private Enterprise Partnership for the Middle East & North Africa) to deliver proposals on the reform of mining policy in Egypt and Yemen. The reports were used to streamline licensing and administrative procedures governing the mineral resources sector in both countries to improve efficiency and attract inward investment. Bauxite Mine - Suriname Project Evaluation Conducting due diligence on coal mining assets CMA was retained to compile a due diligence report as part of a pre-acquisition technical assessment of coal mining assets in both South Africa and Wales for global energy provider RWE AG. The work entailed technical, commercial, organisation, management and market reviews, all feeding into an economic model. Evaluating a Congolese potash mine CMA was approached by the Congo Potash Company to provide a concise, objective evaluation of exploration and mining data retrieved from the files of MDPA, a French company that operated the Holle Potash Mine in Congo Brazzaville during the 1970s. Start-ups Helping Jordan exploit its oil shale resources CMA senior management have successfully steered Jordan Energy & Mining, an oil shale project development company, from its birth to the present day. Under CMA s guidance, Jordan Energy & Mining has met all its developmental milestones from pre-feasibility and bankable feasibility studies on its Al Lajjun site to exploration drilling, trial mining, producing a positive Environmental Impact Assessment and four highly successful pilot plant test runs. The project is expected to produce 15,000 barrels of oil per day using the proven Alberta Taciuk Process to which Jordan Energy & Mining has negotiated exclusive rights in Jordan. Mining for diamonds and gold in Brazil CMA has advised Amazon Resources Limited, a privatelyowned UK concern founded by CMA senior management in 2005 to take over from a Brazilian mining company. Amazon Resources has alluvial diamond and gold assets projects in the Minas Gerais, Rondonia, Parana and Piaui states of Brazil. A small-scale commercial plant is currently coming on-stream in Paraúna, Minas Gerais. 09

10 CMA has provided strategic, technical and commercial recommendations for 24 state mining companies 24 10

11 7 8 9 Case Studies Special Assignments Interim management service ensures operations are in safe hands CMA has provided staff and associates on a short or medium term basis to augment or support existing management in several overseas operations including an underground gold mine in Indonesia, state-run mining company in Peru and a gold company in Uzbekistan. Better operational planning linked to tighter management controls and higher HSE standards reliably offers improved production performance, staff motivation and financial returns to the client. A rich source of contacts for executive placement CMA was approached to assist in a search for candidates and successfully placed highly qualified and experienced individuals for a major gold mine in Africa, iron ore project in Canada and a large engineering company, among others. Bringing new insight to business intelligence Major companies evaluating opportunities with new partners or in new countries often seek independent advice on what surprises may or may not await them. CMA offers the advantage of a low profile approach with excellent and well networked mining/energy contacts in most countries that allows these studies to be carried out under the radar before the more recognised player arrives. Sensitive subjects include ethical and HSE performance, credentials of local staff and officials and anticipated developments in regulatory reform and legal and fiscal frameworks Operational Consultancy Oil Pipeline - Turkmenistan Assessing merger and acquisition targets CMA was commissioned by Australia s Macquarie Bank to undertake a market review and pre-acquisition evaluation of a major international mining and marketing company in the industrial minerals sector in Scandinavia prior to an acquisition proposal. Work involved conducting a full due diligence report involving geological and operational review, financial and marketing aspects, occupational health & safety and environmental risk assessment. Digging deep in mining company reviews CMA was contracted by mining and construction industry supplier Orica to conduct in-depth reviews of mining companies and their likely demand for mining consumable goods in 19 Eastern European countries. Orica then instructed CMA to carry out a similar evaluation of companies in 17 African countries. Data from the market reviews, which spanned multiple commodities, was compiled into web-based interactive databases. 11

12 CMA advised on a strategy to save $500,000 in Operating Costs for one major joint venture $500,000 12

13 If we are together nothing is impossible Sir Winston Churchill ( ) Christopher Morgan Christopher Morgan has over 40 years experience in the mining, energy and environmental sectors including 20 years with Billiton International Metals (previously the metals arm of Shell) to operating company Managing Director level where he was involved in the management of large, open pit mine operations in South America, Africa and latterly in Central Asia with Western Mining Corporation. Having held a succession of senior corporate and project management roles in coal, metals, environment and oil and gas, Christopher founded Chris Morgan Associates, which today is consulted by governments and private sector clients worldwide. Over the past decade he has developed considerable specialist expertise in advising a wide range of clients as well as bringing natural resources ventures to fruition, including nurturing start-ups through the development stages to become thriving concerns. Christopher is a Chartered Engineer, a Fellow of the Institution of Materials, Minerals and Mining and holds an Honours degree in Mining Engineering and a Master s in Mineral Production Management. 13

14 Contact For an exploratory discussion about how CMA can help you, please contact us: Phone us: +44 (0) us: Visit our website: Chris Morgan Associates Limited Spa House, 18 Upper Grosvenor Road Tunbridge Wells, Kent, TN1 2EP United Kingdom Drawing Number: Holes Drilled: Number of Crew: 14