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Session 2: The Shape of Mine Development Projects

Meet the Speakers

Mauro Chiesa

Mauro Chiesa specializes in political risk, infrastructure and extraction industries, all three key to an optimally functioning mine, as clients now want sustainable, just-in-time delivery. He has had a fruitful 40-year career, starting in EDC, the Canadian ECA, in Ottawa, Canada for four years. Then came 13 years in NYC with two substantial merchant banks, Banque Indosuez and Sumitomo Bank. This period saw ample activity in ports, energy and mines, both general and dedicated, thanks to increasing globalisation and the falling yield curve; refinancing into the private junk-bond and investment-grade markets also obviated close scrutiny of rating agency criteria. Escondida, Grassberg and Q. Blanca being successes. Thereafter came 10 years with the World Bank Group (WBG) and the assessment of resources around the world. Many countries do not know what is beneath them, and do not want to wait for a mining company to drill and find out.  Mauro, being a banker, specializes in the wholistic review of mines, as they must meet increasingly stringent requirements.  Now there is a new trend, just when capital become harder to find, so are the mineral Reserves and Resources harder to find, all the while the capital wants to see less risk, or it simply does not show up.  Add to this increasingly demanding host countries and the cost of infrastructure and energy, and the solution algorithm becomes truly complex.

Chiesa is also well-versed in accounting and financial structuring, having been in cash-flow based financing for 40 years and having led seminars in both with accounting professors and a sizable law firm, White and Case, while at the WBG. He received the distinguished lecturer award in 2015 from CIM. He has an MBA and a BA from UBC and is fluent in English, French and Italian.

Mines, Capital and Studies

The feasibility study must now include new items that are not standard NI 43:101 requirements. These are varied and can often come from non-engineering sources. The need is for a holistic review of the project and its risks, while in the past it has been a silo-review.


Karen Chovan

Principal, Enviro Integration Strategies; Vice-Chair CIM ESRS

Karen Chovan is the Founder of Enviro Integration Strategies, focused on reducing environmental risks and eliminating various forms of waste in development lifecycle phases. Karen is also the Chair for the CIM Environmental and Social Responsibility Society (ESRS), where she aims to raise awareness and facilitate the uptake of more holistic and sustainable practices across industry. She gained her BASc in Geological Engineering, and a MASc in Mine Waste Management from the University of British Columbia, and has followed a career through tailings and mine waste management, project management and strategic planning, sustainability advisement and organizational change.

With 20 years in the mining sector, she has engaged with boards, innovation committees, major projects and operations, helping organizations to save millions of dollars, through altered project, operational and organizational processes. She views projects from a strategic, systems-based and life-cycle perspective, and has a passion for finding value-driven, sustainable solutions for unique environmental and mine waste management challenges. Through cross-disciplinary team engagement, she starts with building common goals, facilitating trust and alignment, encouraging out of the box thinking, and working collaboratively to build and advance change.

Mining Project Evaluation – Are We Telling the Whole Story?

The keys to successfully implementing an Agile Mining approach are 1) commitment to and early adoption of new and innovative technologies, 2) staged implementation of technologies to avoid overwhelming the project team, and most importantly 3) collaboration. Having integrated systems and teams that include operators, suppliers, and technical experts is critical to making Agile Mining work.


Mike Garbutt

Senior Principal and Sector Leader for Mining Canada, Stantec

Mike Garbutt is a mining engineer with over 23 years of industry experience spanning mine operations, projects, and consulting. His most recent roles included Mine General Manager for KGHM Sudbury Operations and Director of Mine Engineering for Stantec.  Mike is currently a Senior Principal and Sector Leader for Mining Canada with Stantec. In addition to his functional role at Stantec, he is the practice leader for Mine Operations Excellence and is passionate lean approaches to design. He is a registered Professional Engineer of Ontario and holds an MBA from Laurentian University in Sudbury.

Agile Mining

The keys to successfully implementing an Agile Mining approach are 1) commitment to and early adoption of new and innovative technologies, 2) staged implementation of technologies to avoid overwhelming the project team, and most importantly 3) collaboration. Having integrated systems and teams that include operators, suppliers, and technical experts is critical to making Agile Mining work.


Andrew Watson

Facilitator

Andrew Watson is a Civil Engineer with 30 years of experience in the design and construction of infrastructure for mines. He has taken on a variety of assignments in the U.S. and overseas, performing design, inspection, and management functions, and gained a wide range of experience through leading projects from conception through implementation. His project experience extends through the entire mining lifecycle, and includes several mine closure projects. As Stantec’s Mining Sector Leader, he brings valuable technical and project experience to delivery of our projects, contributing to staffing and scheduling multi-disciplinary teams considering all aspects of mine water and waste management, including tailings dam construction, operation and closure. His approach to planning and design is tempered by his construction and mine closure experience, and he and Stantec continue to learn from monitoring facilities already closed. He is part of Stantec’s Tailings Integrity team, supporting the various groups proving Engineer of Record services to the mining industry. He has authored a number of papers and articles and contributes through short courses and workshops about risk, water management and how to meet our social and financial obligations.

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