Robert Elver Mineral Economics Award

For the most significant contribution to the mineral economics field

Origins & Conditions


Born in Toronto in 1934, Robert Elver is celebrated as one of Canada’s foremost mineral economists. After graduating from the University of Toronto, Elver joined the Mineral Resources Division of the Department of Mines and Technical Surveys, where he would spend his entire career.

Elver was instrumental in bringing Canadian involvement to international metals committees, such as OECD and Economic Commission for Europe, especially in steel. He enhanced mineral development domestically as well, and was instrumental in reviewing mining public policy in the 1970s.

His death on July 16, 1979, following a brief illness, led to the creation of the Robert Elver Mineral Economics Award, which honours a CIM member who has made significant contributions to the field of mineral economics in Canada.

  1. The Robert Elver Mineral Economics Award is awarded for significant contribution in the mineral economics field in Canada.
  2. The award is to be presented from time to time as circumstances warrant.
  3. Nominations for the award shall be made over the signatures of at least ten (10) CIM national members and forwarded to the Executive Director of the Institute by December 1st of the year prior to the presentation of the award.
  4. All nominations must be accompanied by a brief description of the meritorious contribution and its value to the mineral economics field in Canada.
  5. The CIM Executive Director shall refer all such nominations to the Awards Committee of the Mineral Economics Society, which includes the three immediate Past Chairmen of the Society.
  6. The Committee shall present its report and recommendations to CIM Council not later than the last Council meeting held prior to the next annual CIM Conference & Exhibition.
  7. No member of the Awards Committee shall be party to the nomination of any candidate.
  8. When reasonably possible, the recipient shall be expected to receive the Award in person at the annual CIM Conference & Exhibition following the announcement of the Award, or at such other place and time agreeable to CIM Council.
  9. All nominations properly presented shall remain in good standing for a period of three (3) years unless formally withdrawn over the signatures of a majority of members responsible for the nomination.
  10. Nominees must be CIM National Members.




Reno Pressacco

Reno Pressacco is a principal geologist with RPA (now part of SLR Consulting).  He holds a Master’s degree in mineral exploration from McGill University and has over 30 years of experience. Beginning his career as an exploration geologist, he developed a keen interest in mineral deposits, mineral economics and Mineral Resource estimation. This resulted in his playing an important role in demonstrating the economic potential of the Matachewan gold deposit located in northeastern Ontario in the mid-1990’s. His career has since progressed through roles in production environments and has included executive roles with mid-tier and junior mining companies. Since 2003 he has been providing consulting services for Mineral Resource estimation in relation to a large number of both domestic and international mineral deposits.

Pressacco is currently an active member of the CIM Mineral Resource and Mineral Reserve Committee with a focus on best practices as well as the PDAC Technical Session Organizing Committee.


Terence Ortslan

Terence Ortslan has been active in the mining finance and the mineral economics sector for over 40 years. His independent research and analysis has been highly ranked by unsolicited investment industry sources. He has advised corporate boards and committees, provided analytical and structural valuation tools to financial institutions and worked with governments to develop competitive and realistic policy appreciation of the mining industry.

Ortslan has been an active member of the Minerals Industry Analyst Group (MRAG) since 1975 and has served as president and part of its executive committee since 1995. He chaired the submissions of MRAG to the Mineral Industry Task Force and has been in dialogue with that commission and also with various bodies about the quality and direction of industry and mining research and application.

Ortslan has lectured at McGill University as an adjunct professor for more than twenty years on subjects of international business and mineral economics. He has been a guest lecturer and speaker across Canada and abroad. He has mentored students who now run mining companies and work as senior analysts and financiers in the sector.