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goldgnome fascinating I am sure we could talk for ages about our experiences as my first posting to West Africa was Sierra Leone in 1971 as a young un and travelled back and forth for the rest of my working life.
Dasut
Your remarks about West Africa are very true. I have worked there for near 20 years off and on, and it is a different world. Business is done according to a different set of written rules, and different set of social rules. Successful experience and extensive personal contacts in industry, government and their society are key (not so disimilar to anywhere else?) There are many interestin things to find out, ...because you are successful in Ghana does not mean you will be successful in French West Africa. I once saw a major mishap, when a successful Ghanain contractor was bought in to operate in Burkina Faso. An utter disaster, which resulted in the company nearly losing its tenments. From the Burkina perspective, they saw their jobs evaporate, and when you have something like 80-90% unemployment or underemployment that is not a good look and unacceptable. Also the Ghanains bought in their own food and "chefs" as they couldnt stand the Burkina food...bad move, salt into the wound. So lots to learn, and best to have someone who has learnt.
I am impressed at their handling of the operation in Egpt, and the way it has continued on, dominated by locals, and relatively unscathed by the virus. There is going to be a rejig of the global logistics, procurement and training of locals (something that has been happening to various degrees in various companies) in the minig industry...more thorough I suspect that before...and for the better!
https://www.mining-technology.com/features/how-covid-19-is-hurting-mining/
Mr Bond I don't think there will be any reason why Ausdrill/AMS won't announce a new contract but would hope that by that time it will be common knowledge. Also might not be Ausdrill/ AMS as there are several very competent contractors operating in West Africa but having already worked with Martin Horgan at Mako it should give them an edge.
Thanks Dasut.
I too have been retired many years ,but lost track of modern programs.
Think we all in need of some uplift at this time.
This is something to look forward too.
Will have to check , in the near future AMS website,as they used to publish new contracts and companies.
That may have change now for security reasons.
Keep well.,
Regards.
Mr Bond I would hope that there will already be many individual studies that are available and there are very effective mining software programmes that can quickly bring such studies and data to formulate a mine plan that can be regularly updated as more data is made available.
I have been retired for 12 years when studies were generally put together by consultants and many were going through lengthy analysis and compiling lengthy worded reports that took for ever. There was at that time software packages that were as far as I am concerned amazing and I didn't have to get my calculator out to work the numbers, but still limited.
Since retiring I have done the odd bit of work and been absolutely blown away by what has and still is being developed and how detailed and quickly reports can be generated.
Definitely agree however that it isn't going to be something that will happen immediately but I think we are getting very close to a positive statement.
African Mining Services would certainly fast track the project ,as you say the bankable feasibility study if ok.
That could take some time though. The study, that is.
Tibbs like I say time will tell and hope if Sukari is on track and going well then he leaves the guys on the ground to drive it forward. He can then lead a team to focus on West Africa and if he does what he did in Senegal and brings on board the likes of Ausdrill/AMS who are both experienced and financially strong, then providing the resource(s) is proven and feasibility studies are bankable then I see no reason why project(s) couldn't be similarly fast tracked. Especially if the project(s) are of a similar size to Mako,Senegal because this is a far smaller mine than Sukari and will be easily managed with a reliable contractor with the size of mining machines that they specialise in and will fit into existing contractor fleets providing compatibility and consistency.
Thank you Dasut,
From the information available he seemed start of very well which is why I was keen to find out more, although my regular acquaintance whom I haven't heard from for a while now was always of the opinion that a although Jeremy was enthusiastic he had his own agenda that was part of a another plan.
I couldn't get any more info on this, although my acquaintance did say he thought Jeremy would be moving on if things didn't work out the right way for him.
Reading between the lines I think some of us suspect where he may well find a position in the near future.
Credit where its due it seems the Centamin board have played this out pretty well from the time they let Pardey move on!
Do hope the new CEO is as good as the information available seems to suggest!
Tibbs I have the opportunity to talk to people who actually deal with Gold Mining companies on a regular basis including Centamin. I try not to bother them however because I have retired and don't want to give the impression that I can't let go and let them do their jobs. Fortunately there are the occasions when I do get the opportunity to chat and throw in a few questions and I think there will be a sense of relief that he is moving on but as I say it will be interesting to see where he goes.
As for Martin Horgan time will tell he certainly has the right credentials but I remember strange as it happens a Mine Manager who worked for Resolute and he was the best in the business at taking a mine from a virgin site to producing gold but he had no real love of the day to day running of a mine once it was up and running and would move on to the next project. So as I say time will tell he is certainly well experienced and connected and this counts for a lot especially when looking at opening up new project(s) especially in French speaking West Africa.
Hi Dasut,
I hope that you and your family are well!
A chap I meet on occasions has expressed similar views to you with regard to Jeremy Langford being enthusiastic and very keen to get to the top, so its most likely for the best that he moves on now that a new CEO is taking up the reins.
I do remember your questions at the phone in and so it is very interesting to hear your conclusions after making your enquires .
As always your opinion is greatly appreciated.
I tend to agree as I am led to believe Jeremy is a very ambitious individual and maybe beginning to believe there was also some truth in the conspiracy theory relating to the Endeavour merger.
I wasn't happy with his answers to my questions at the last phone in relating to the clean up of last quarter blitz affecting 1st quarter production and whether he was involving the likes of Caterpillar and other equipment providers to look at production efficiencies. I did some digging recently and wasn't overly encouraged by what I was hearing. It will be extremely interesting to see where he ends up.
Tibbs I don't know Martin Horgan but from what I have heard he has a strong foundation, broad experience and impressive contacts also sounds like the practical type which is what Centamin needs to grow the company into a multi resource organisation. I also feel sure he won't have any trouble finding a COO.
My guess is he went for the CEO role, did not get it and felt he would rather leave than work for someone who beat him for a job he felt he could do.
I doubt the new CEO would have parted company of his own volition with his COO this fast. In due course maybe as he sought to bring in his own team but he would have wanted to keep strong senior players who knew Centamin until he got his own bearings.
For the time being our SP fast seems linked to POG and little else. Still hope good Q1 Prod combined with an eventual market realisation that low oil and high gold is fantastic news for CEY and others like us.
Regarding the rumours of CEY looking at other companies, provided they pick wisely that may not be a bad tactic in the current depressed share market. CEY is in the enviable position of having a pile of cash.
Best wishes,
Prof