www.insightssuccess.com MAR-APR 2018
Company of the Month
Frank Marasco, CEO West High Yield Resources Ltd.
The
10 BEST MINING
COMPANIES
TO WATCH 2018
Future Trends Future of Eco-mining through Machinery Robo Arena Benets of Robotic Process Automation in Today’s Time
Mr. Joseph Grosso Executive Chairman, CEO & President
GOLDEN ARROW RESOURCES CORPORATION: Successfully Identifying, Acquiring and Advancing Precious and Base metal discoveries
Editor’s Note
Mining Companies: Driving the World with Newer Possibilities
W
e can’t imagine an existence ourselves in this world without mining industry. The mining industry is highly responsible for the growth of human beings from the start of the Chalcolithic period to the current highly sophisticated human lives. When we go through the periodic table and see the different elements with different properties, we come to know many of them are extracted from the earth's crust through mining operations in the raw form. And some of them are soluble salts of metals found in seawater. Our earth is having crust of different layers, and cores contain many highly valuable and unaccountable elements, but we have reached only a few of them still. Today, we are using different metals and its alloys for different purposes such as machines, civil constructions, automobiles, home appliances, and many more. Most of the metals are extracted from mines only. As electricity has become an unavoidable part of human life as we can't perform our routine activities without electric power. Still, most of the world is highly dependent on coal for power generation, which is directly coming from coal mines. Today, we can observe that there is massive research and innovations are going on to find out most suitable and efficient alternative elements for different applications. These advancements are transforming mining industries to outperform and supply most sophisticated material from various sites on the globe. All these factors have made us to go to the issue, “The 10 Best Mining Companies to watch 2018.” On the cover of this issue we have Golden Arrow Resources Corporation: Successfully Identifying, Acquiring and Advancing Precious and Base metal discoveries. Golden Arrow Resources Corporation is a Vancouver-based explorer with a history of success in identifying, acquiring and advancing precious and base metal discoveries with the goal of defining world-class deposits. Golden Arrow is a member of the Grosso Group; a management company specialized in resource exploration. The Grosso Group, headed by Joseph Grosso, believes strongly in the mineral potential of Argentina and has focused exploration efforts there since 1993 when the country opened to foreign investment.
Mr. Joseph Grosso is the Executive Chairman, CEO & President of Golden Arrow Resources Corporation. Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment and was named Argentina’s ‘Mining Man of The Year’ in 2005. His knowledge of Argentina was instrumental in attracting a premier team, which led to the acquisition of key properties in the Golden Arrow’s portfolio. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. West High Yield Resources Ltd.: Your Future Supplier of Magnesium Products, flashing as a Company of the Month for this issue. West High Yield (W.H.Y.) Resources Ltd TSX Venture (WHY) is a junior mining exploration company engaged in the acquisition, exploration, and development of mineral properties in Western Canada. The company asset is located two miles north of Washington State in the province of British Columbia, Canada and comprised of a 7.5-sq kilometer outcrop of nature’s greenest building blocks including credits for Silica and Nickel. The mine includes roads, power and water approximating a $1 Billion Dollar savings in reduced capital costs and access to CN's Rail Hub is less than 5 miles away enabling WHY to rapidly fill material orders for eco-friendly products critical to the North America's economy, consumers and Military for generations to come. After doing in-depth research, we have enlisted companies from the globe who are successfully fulfilling the world's mining demands exclusively. Becker Mining Systems: Leading the Global Mining with Unique System Solutions, Galaxy Resources Limited: A Global Lithium Company, and Global Energy Metals Corp: Bridging the Decade With New Cobalt Exposure. While going through our magazine don’t miss out, Future of Eco-mining through Machinery, Benefits of Robotic Process Automation in Today’s Time, Quality Team Not Quantitative Team, and What makes a company the best place to work for? from the Editor’s Pick. The Need to Understand the Necessity of Innovation, Surfing Ahead of the Trend: How to spot an opportunity and grow, and How To Overcome Obstacles When Starting Young from the View of some of the Successful Leaders.
Suhel Mashayak
16 West High Yield Resources Ltd. Your Future Supplier of Magnesium Products.
08 Golden Arrow Resources Corporation: Successfully Identifying, Acquiring and Advancing Precious and Base metal discoveries
Leader’s Insights
42
How To Overcome Obstacles When Starting Young
Article
Trendy Talk
32
Surng Ahead of the Trend: HOW TO SPOT AN OPPORTUNITY AND GROW?
Robo Arena Benets of Robotic Process Automation in Today’s Time
22 Expert’s Column The Need to UNDERSTAND the Necessity of INNOVATION
24 18
Team Strategies Quality Team Not Quantitative Team
30
20
Becker Mining Systems: Leading the Global Mining with Unique System Solutions
Future Trends Future of Eco-mining through Machinery
36 Workodynamics
28
Galaxy Resources Limited: A Global Lithium Company
Global Energy Metals Corp:
38
Bridging the Decade With New Cobalt Experience
What makes a company the best place to work for?
40
Pooja M. Bansal Anish Miller Suhel Mashayak Jenny Fernandes Kedar Kulkarni Assistant Editors Brian Smith Kaustav Roy Visualiser David King Art & Design Director Amol Kamble Associate Designer Shweta Ambilwade Co-designer Karan, Vanshika Art & Picture Editor Paul Belin Jayant Khanna Senior Sales Manager Passi D. Business Development Manager Peter Collins Marketing Manager Urvi Sharma Business Development Executives Jennifer, Josh, Sophie, Vrushali Sales Executives David, Kevin, Nick, Mark Technical Head Jacob Smile Technical Specialist Amar, Pratiksha Digital Marketing Manager Marry D’Souza Online Marketing Strategist Alina Sege, Shubham Mahadik, Vaibhav K SME-SMO Executives Prashant Chauhan, Uma Dhenge, Gemson, Irfan Research Analyst Chidiebere Moses Circulation Manager Robert, Tanaji Database Management Stella Andrew Technology Consultant David Stokes Editor-in-Chief Senior Editor Managing Editor Executive Editors
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MAR-APR 2018 Corporate Ofces: Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-602-1754 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com
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10 BEST
MINING COMPANIES TO WATCH 2018
‘‘
‘‘
Cover Story
Mr. Joseph Grosso Executive Chairman, CEO & President
The contribution to the economy of the mining sector in Argentina is considerably low in relation to Bolivia and Chile, and to the world's average. However, it is expected that the industry will gain importance, especially from larger investments that may be attracted by changes in market conditions supported by strong incentives from the national government to the mining industry. Golden Arrow Resources Corporation is a Vancouver-based explorer with a history of success in identifying, acquiring and advancing precious and base metal discoveries with the goal of defining world-class deposits. Redefining the Mining Space of Argentina Management at Golden Arrow considers Argentina to be an underexplored country with highly promising geological potential stemming from its direct border with some of the world's most prolific mining areas including the El Indio belt, the Maricunga belt, and the Bolivian silver-zinc-tin belt. Management’s long tenure in Argentina and positive track-record of community and government relations has led to Golden Arrow’s portfolio of projects containing over
‘
‘Production
Value from
‘‘
M
ining in Argentina is an important regional producer of minerals, including primary aluminum, lead, copper, zinc, silver, and gold. Many of such newcomers are from Australia, but Canada remains the leading foreign investor in Argentina’s mining industry with a 60 per cent dominance.
GROWTH IN
Discovery
200,000 hectares of properties. These projects are strategically located near major mines and within well-known mining districts. Golden Arrow has a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. Golden Arrow owns a 25% share of Puna Operations, Inc a joint venture company operated by SSR Mining, an experienced precious metals miner. Puna Operations is producing silver concentrate from the Pirquitas operation and developing the nearby Chinchillas silver project, which has
more than 8 years of forecast production and upside potential. Golden Arrow maintains an exploration office in Mendoza and is well positioned to undertake a systematic exploration, both directly and with joint venture partners. About the Parents Golden Arrow is a member of the Grosso Group, a management company specialized in resource exploration. The Grosso Group, headed by Joseph Grosso, believes strongly in the mineral potential of Argentina and has focused exploration efforts there since 1993 when the country opened to foreign investment. The Group’s success at the mineral discovery, as well as its achievements in community and government relations, has made it a highly regarded and trusted explorer throughout Argentina. Golden Arrow’s strategy is to capitalize on both the corporate expertise and the exploration talent of the Grosso Group team to find the Group’s fifth significant deposit in Argentina. Golden Arrow is actively exploring on its more than 200,000 hectares of properties in Argentina. The Pioneer of Golden Arrow Mr. Joseph Grosso is the Executive Chairman, CEO & President of Golden Arrow Resources Corporation. Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment and was named Argentina’s 'Mining Man of The Year’ in 2005. His knowledge of Argentina was instrumental in
‘‘ We are
successfully
Mr. Grosso’s specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of best practices in environmental protection and socio-economic development through mineral exploration. Mr. Grosso is also Founder and President of Grosso Group Management Ltd. Every organization faces difficulties and obstacles while outperforming the success curve. Similarly, Golden Arrow also faced many challenges since its inception. As a mining company their challenges also well-known, such as bear markets, onerous permitting requirements, regime change, and metal prices. Mr. Grosso always suggests to young entrepreneurs in mining space, for the business growth − “Seek out experts with a track record of success.” Future-Proof Investments from Golden Arrow On March 31, 2017, Golden Arrow received the required notice from SSR Mining. (NASDAQ/TSX: SSRM, “SSRM”) to exercise its option on the Chinchillas project and form a joint venture to combine the Chinchillas project with the producing Pirquitas Mine into a single new operation. The joint venture is owned on a 75% / 25% basis by SSRM and GRG, respectively. SSRM is the operator and reports the detailed operational results in their quarterly reporting, which is available on their website or SEDAR profile. The final permit (“EIA”) for Chinchillas was received at the end of December 2017, and construction and development activities are underway. The first delivery of ore to the mill is expected in the second half of 2018.
imprinting our footsteps in the field of mining with the goal of
‘‘
attracting a premier team, which led to the acquisition of key properties in the Golden Arrow’s portfolio. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels.
defining world class deposits
‘
‘explWeoriareng
the Argentina
Ready to Deploy Newer Technologies and Meaningful Tools As Golden Arrow is primary an exploration company so robotics are not used at this time, but in near future company will be armed with robotics too as the process of developments in robotics is on going. Team Golden Arrow calculates different technological advancements which can be well-suited for the mining industry. Through their research and experiences, they believe that the life cycle of mining begins with exploration, continues through production, and ends with closure and postmining land use. New technologies can benefit the mining industry and consumers in all stages of this life cycle. Team Golden Arrow considers geochemical techniques as a very important tool in the mining field. Surface geochemical prospecting involves analyzing soil, rock, water, vegetation, and vapor (e.g., mercury and hydrocarbons in soil gas) for trace amounts of metals or other elements that may indicate the presence of a buried ore deposit. Geochemical techniques have played a key role in the discovery of numerous mineral deposits, and they continue to be a standard method of exploration. Future Roadmap for Golden Arrow Golden Arrow’s strategy is to capitalize on both the corporate expertise and the exploration talent of the Grosso Group team to find the Group’s fifth significant deposit in Argentina. Golden Arrow is actively exploring on its more than 200,000 hectares of properties in Argentina.
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10 BEST
MINING COMPANIES TO WATCH 2018
Company Name
Management
Brief
African Rainbow Minerals arm.co.za
André Wilkens Executive Director: Growth & Strategic Development
African Rainbow Minerals (ARM) is a leading South African diversified mining and minerals company with long-life, low unit cost operations.
Aura Minerals Inc. auraminerals.com
Aura Minerals (TSX:ORA) is a mid-tier gold-copper production Rodrigo Barbosa company focused on the operation and development of gold and President & copper projects in the Americas. Chief Executive Officer
AusProof ausproof.com.au
Aston Marks Managing Director
AusProof are the original equipment manufacturer (OEM) of electrical cable couplers and components used in underground and open-cut coal metalliferous mines, and also in tunnel excavation projects.
Becker Mining Systems de.becker-mining.com
Dr. Franz Becker CEO
Becker Mining Systems is a leading global supplier of unique system solutions for the mining sector.
Galaxy Resources Limited galaxylithium.com
Anthony Tse MD & CEO
Galaxy Resources Limited (Galaxy) is an international S&P / ASX 200 Index company with lithium hard rock and brine projects in Australia, Argentina and Canada.
Global Energy Metals Corp globalenergymetals.com
Mitchell Smith President & CEO
Global Energy Metals is a rare and compelling investment opportunity in the cobalt sector.
Golden Arrow Resources Corporation goldenarrowresources.com
Mr. Joseph Grosso Executive Chairman CEO & President
Golden Arrow Resources Corporation is a production and exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.
Guyana Goldfields Inc. guygold.com
Scott A. Caldwell President & CEO Director
Guyana Goldfields Inc. is a Canadian based mid-tier gold producer primarily focused on the exploration, development and operation of gold deposits in Guyana, South America.
Kootenay Silver Inc. kootenaysilver.com
Rajwant Kang Chief Financial Officer & Corporate Secretary
Kootenay Silver Inc. is a Canadian and Mexican based silver exploration company actively engaged in the development of two major silver projects in Mexico.
West High Yield Resources Frank Marasco Ltd. Director, President & whyresources.com CEO
West High Yield (W.H.Y.) Resources is a junior mining exploration company engaged in the acquisition, exploration, and development of mineral properties in Western Canada.
e r u t u F
WEST HIGH YIELD RESOURCES LTD.: YOUR
Supplier
OF MAGNESIUM PRODUCTS.
W
est High Yield (W.H.Y.) Resources Ltd TSX Venture (WHY) is a junior mining exploration company engaged in the acquisition, exploration, and development of mineral properties in Western Canada. The company after completing their Preliminary Economic Assessment (PEA NI 43-101) in 2013 demand for Mg Oxide, Ingots and Fertilizer has risen exponentially and are now finalizing their Environmental Assessment and Baseline Studies including a Mine Plan Application to maximize returns. The company asset is located two miles north of Washington State in the province of British Columbia, Canada and comprised of a 7.5-sq kilometer outcrop of nature’s greenest building blocks including credits for Silica and Nickel. The mine includes roads, power and water approximating a $1 Billion Dollar savings in reduced capital costs and access to CN’s Rail Hub is less than 5 miles away enabling WHY to rapidly fill material orders for eco-friendly products critical to the North America’s economy, consumers and Military for generations to come. The Next is Magnesium: Green, Environment-Friendly, Efficient and Safe Option Magnesium Metal Ingots are 75% lighter than steel, 60% lighter than titanium and 33% lighter than aluminium and offer airline, automotive and particularly Electric Vehicle manufactures the best strength-to-weight ratios of any structural metal commonly used to-date including Military
16
Grade Magnesium alloys for Armour applications. Mg batteries are proven to be four times cheaper and last twelve times longer than lithium batteries and in conjunction with magnesium’s reduced weight to density ratio, emission reduction has become a reality. This durable gray metal with a green future contributes to all-in-one fire and mold resistant building materials including Mg Wallboard and Cement. Mg Wallboard’s composition is stronger than the traditional board and apart from fire, water, mold, and mildew is termite proof, reduces deforestation and controversies derived from the lumber and tariff issues. The viscosity of Mg Cement is rated at 9,000 PSI - 45,000 PSI and lasts 2,000 - 5,000 years and remarkably absorbs CO 2 emissions as it sets. Mg Oxide oral use is also a critical health supplement due to the overuse of herbicides and diminished levels of natural magnesium in processed foods (Pharmaceutical/Food Grade Purity 99%). Mg Nitrate Fertilizer and Mg Chloride are both highly sought-after commodities, neither agricultural environments or municipalities can do without. Some of the Exclusive Benefits of Magnesium Magnesium Oxide: As a critical supplement Magnesium is found in all the body’s tissues, particularly in the bones, muscles, and brain. In fact, many bodily processes simply cannot occur without it, including energy production, chemical pumps, and membrane stabilization. | MAR-APR 2018 |
Company Of The Month
Over 300 enzymes require the presence of magnesium ions for their catalytic action! The list of medical conditions caused by lack of magnesium is so big that there are over 3,500 medical references on magnesium deficiency. It is an over-the-counter mineral effective as a treatment for countless diseases and disorders. And yet magnesium is also used by emergency room physicians intravenously in critical care situations in the ER for many critical care issues such as arrhythmia, constipation, seizures, heart failure, high blood pressure during pregnancy and more.
Frank Marasco CEO
carbon neutral, whereas regular cement is very carbon intensive. The rule of thumb is that for every tonne of cement you make, one tonne of CO2 is produced, making it one of the dirtiest industrial processes on the planet! New magnesium cement technologies have the potential to completely reverse that trend.
Mg Wallboard: Fireproof, smoke proof, waterproof, mold, mildew and termite proof Plywood, OSB, and drywall are the current standards when it comes to building construction. It’s relatively cheap and easy to install. But that's just about where the benefits for drywall, plywood and OSB end.
Magnesium Batteries: 4X cheaper, 12X longer lasting than Lithium What sets an Mg-ion battery apart from its Li-ion counterpart is that the electrolyte is solid, not liquid like we find in batteries nowadays. This means that the batteries will be far safer because they will not catch fire like Li-ion batteries are known for.
When it comes to magnesium wallboard, the possibilities and benefits for construction are vast. Beyond its superior durability, Mg wallboard can come in just about any shape or size, and it sticks to just about anything.
The largest market for magnesium metal is aluminum alloying and dies casting, comprising two-thirds of magnesium metal use. Primary industry is automotive and airline.
Magnesium Cement: 9,000 PSI 45,000 PSI, Lasts 2,000 - 5,000 Years. Absorbs CO 2 Emissions as it Sets Magnesium-based cements are among the oldest building materials in the world and are much older than the Portland cement typically used in construction projects around the world. What’s more, magnesium cement is
MAGNESIUM CHLORIDE: Keeping our roads safe and free of ice and dust
| MAR-APR 2018 |
Magnesium alloys: For Lighter and Efficient Automotives Magnesium ingots are the lightest and strongest metal based on weight to density ratio. They are 75% lighter than steel, 60% lighter than titanium and 33% lighter than aluminium, all of which results in lower CO2 emissions in all uses.
Magnesium nitrate fertilizer: The Chlorophyll Atom All plants, animals, and humans require magnesium for life!
Driving Force of WHY Frank Marasco is the CEO of West High Yield (W.H.Y.) Resources Ltd. WHY’s Board of Directors challenge anyone to accomplish what Frank has individually accomplished either inside or outside of mining. For over 45 years Frank has successfully been involved in various business ventures including as CEO in the Hospitality, Real-Estate and Retail industries and apart from furthering
17
‘‘
Company Of The Month
Our objective is to bring
into production one of the
world's largest, greenest, strategic and critical
deposits of high-grade
magnesium
‘‘
to the western world. 18
WHY’s goals, has been a catalyst for young entrepreneurs. Frank KNOWS How to Make Payroll! Although relatively new to mining Frank has single-handedly raised over $21,000,000 advocating the need for greener energy and lighter materials while dotting every “I” and crossing every “t” along the way. His entrepreneurial spirit, drive and ability to constantly think outside the box have attracted investors, other entrepreneurs and formerly elected representatives who also believe in his vision. Delightful Journey and Challenges since Inception WHY was established in 2003 with a focus on exploring for gold with great results. Fortunately, there is gold but fortuitously during exploration WHY tripped over and discovered a World Class Magnesium Asset either forgotten or in later years overlooked, possibly due to the demand for magnesium then, prices paid or costs associated with processing. Since that time the company has witnessed magnesium growth apart from raising funds during the worst recession since the great depression challenges lay within meeting the tremendous costs associated with engineering, legal and accounting fees in meeting established mining and environmental guidelines. Recognitions and Achievements After 14.5 years of following protocol and earning the confidence of all stakeholders WHY is receiving calls from Ivory League Universities offering new and proven ways of processing Magnesium at negligible cost without omitting C02 emissions. Since company’s magnesium is of the highest quality (99% Purity), turning Mg into Metal Ingots, Fertilizer or Mg Batteries coupled with new technology means wait times for Manufactures are greatly reduced. The company has had numerous inquiries from Vehicle Parts and Wallboard companies to Pharmaceutical Food Grade manufactures who like the fact that their supply of raw material is dependable, inexhaustible and close at hand. Furthermore, WHY team is happy to report barring any unforeseeable problems, two final mining permits in hand shall enable them to begin shipping material in spring 2019. Future Roadmap of WHY WHY team indeed fortunate to be involved in a green commodity which people need and are knocking down the door to get while its uses are expanding daily; yet for the time being they remain focused on obtaining permits. Once permits are in hand, they can then begin creating employment opportunities, royalties for the government and solid returns for their investors. Team WHY believes that the trick in business is patience and perseverance! | MAR-APR 2018 |
10 BEST
MINING COMPANIES TO WATCH 2018
Becker Mining Systems:
‘‘
Leading the Global Mining with
A
n immense number of high-tech industries worldwide depend upon natural resources such as minerals and metals; coal is still being one of the leading global energy resources. Due to a global overproduction in coal, the coal price eroded in the years after the global financial crises of 2007. Metal prices fell due to the financial crises and also took some time to recover (mainly excluding rare earths). Producers had to dramatically cut costs and/or shut down entire operations. The bottom of the coal mining market was hit in 2015-2016 and has been recovering since. However, many mine operators have started investing again and even old mine sites are put to operation again. Digitization has also arrived in the market and is driving technological advancements. Headquartered in Friedrichsthal, Germany, the Becker Mining Systems Group is a system supplier for mining infrastructure. It is the only worldwide supplier of complete energy, automation, communication, and transportation infrastructure for the mining industry. In addition to Germany, the company has its subsidiaries in France, Poland, Russia, China, South Africa, Australia, the USA, Canada, Mexico and Chile. Since the middle of the 1980s, Becker Mining Systems has followed a consistent internationalization strategy and thus countered the receding mining market in its home country. The Founder and the Story of Evolution The Becker Mining Systems Group was founded by Walter Becker in 1964 in the German Saar Region in South- West Germany. Walter Becker started the business as
20
With subsidiaries and service centers in every major mining region of the world, we can provide you with a complete solution, wherever you require it.
‘‘
Unique System Solutions
a repair and overhaul service to the local mines, but soon began to develop his own products – mainly in the field of underground transportation and safety equipment. In 1980, new product developments in the field of communication and energy distribution started off and the business was established as one of the main suppliers to the German national coal industry. In 1983, Walter Becker and his son Franz Becker began to expand the company into other countries. The first subsidiaries were founded in South Africa, Poland and China. Between 2003 and 2006 further growth was achieved with establishments of subsidiaries in Russia, Australia and Canada. The further acquisitions in Australia, Chile, South Africa and the USA complete the structure of the current group. Adding to these expansions, a partnership with Lasec Telecommunications led its owners to establish yet another
| MAR-APR 2018 |
subsidiary in Mexico in 2013. Today the Becker Mining Systems Group delivers a wide range of products in the five fields of Energy Distribution, Communication, Automation, Transport and Roof Support. It is a technological leader in all of its product fields who maintains the highest quality and safety standards in their markets. Since 1990 the company has been led by Prof. Dr. Franz Becker who holds a PhD in Mechanical Engineering and is also a professor for automation in mining at the Technical University of Rhine-Westphalia in Aachen, Germany. The Amazing Services and Digitized Products The products of Becker Mining Systems provide solutions for higher efficiency and safety in the mining sector for the recovery of natural resources. These products are divided into two segments- Electrical and Mechanical. The segment Electrical consists of the three product divisions- energy distribution, automation and communication. Becker Mining Systems offers complete, tailor-made energy infrastructure solutions that yield maximum output even under the most difficult conditions. In the area of automation, the company offers flexible solutions that guarantee the comprehensive control and monitoring of all work processes at all levels of a modern mine. Another contribution is mobile radio solutions that enable uninterrupted communication throughout the entire underground mine. Apart from voice transmission, these solutions help to transmit data and video signals underground and the main mine control above ground. Transportation and Roof Support are the two components of the Mechanical segment. The company has been developing transportation systems for men and material underground since the time of its initiation. The product portfolio ranges from traprail, floor-mounted and overhead monorails to chair lifts and conveying systems. Standing Apart in Global Market The Becker Mining Systems Group’s products lead their respective fields in technology and quality. All of the products are designed to maximize security and productivity through highest safety standards, powerful architecture and intuitive controlling. Adding to this, the company also can provide comprehensive service and training in every major mining in the global arena.
| MAR-APR 2018 |
Prof. Dr. Franz Mitchell Smith Becker
CEO President & CEO
Client-friendly Aspects The main aim of the company is to create long standing partnerships with its customers. In this way, the innovative company creates and develops products in collaboration and makes sure the solution is appropriate for the specific needs. The products are of higher acquisition cost than its competitors, but set TCO (Total Cost of Ownership) benchmarks. Over 87% of the customers that have deployed its products at one point would like to maintain a long-term relationship. Safety is a crucial aspect in mining, and the products of Becker Mining Systems mostly exceed the standards. The Becker Mining Systems Group in partnership with the RWTH Aachen, Fraunhofer Institute, DFKI (all Germanybased) and others, develops new applications for mining companies, which use AI analytics to provide greater insight and retain experiences from big volumes of data. The Future Roadmap Reflecting on the future prospects, the CEO says that the company will work towards setting the industry standard in underground mining infrastructure equipment and integrate emerging technologies like AI, VR and AR and digitalize the complete process of a mining operation in the upcoming years. In this way, the team will continue to provide its customers with products that insure and create a high value for their operations.
21
ROBO ARENA
ROBOTIC Process Automation Transforming the organizational workflow
R
obotic Process Automation (RPA) is an emerging process of automation technology based on the impression of software robots and artificial intelligence workers. It is a form of automation which has been positioned under the concept of screen scraping. RPA is believed to be a significant technological expansion of this technique in the sense that new software platforms are emanating which are sufficiently reliable to make this approach viable for operations in renowned enterprises. Just like humans, Robots perform on a vast range of regular tasks, software robots interpret, trigger responses and communicate professionally with the systems. Enabling
22
RPA to hold any processes will not only transform and design the organization’s workflow. It will allow for quality scalability and flexibility inside out the enterprise which can tailored to the specific needs. The superior thing about software robots are they are easy to train and they integrate swiftly into any system. They consistently update their progress reports to go even better and bigger by using operational and business predictability while improving logically. Robotic Process Automation contributes in various specific technologies that can automate mundane, routine, creating | MAR-APR 2018 |
higher productivity, standardized tasks as well as value with lesser investment. This system is rapidly gaining popularity, predominantly in the banking and finance sectors due to the large volume of transactions and the great benefits that can be realized within a short time frame. The magnitude of the benefits of automation is directly proportional to the incremental improvement in the manual processing hotspots. The RPA platform provides your business with the scalability needed to stay, perform and sustain on top of your game. Here are the advantages of robotic automation-
Enhance Analytics- Having access to error free, accurate data from various sources would improve the quality of analytics in the process. This leads to better decision making and overall, to the betterment of the process execution. Employee Productivity- RPA ultimately facilities humans and robots to do just what they excel at. As RPA frees the employees from their mundane tasks, they can focus more on client and customer interaction, relationship management and other such activities where humans naturally excel at. Having satisfied clients and customers only mean better business. Customer Satisfaction- Delivering better quality of work with high accuracy and improved customer/client interaction leads to increased customer and client satisfaction. This only adds to the goodwill of the business. Faster- As bots are handling the execution here, a larger amount of work can be done in a relatively much shorter period.
Efficacious Costing- As per the estimated act robotics cuts operational costs by 25-30%. Robots are better enough to operate 24/7 according to the charging process and take no vacation when compared to humans who work 9-5 and also have a pre-fixed number of annual leaves each year. Having robots take over some of the manually intensive work from humans could result in visible gains for the business. Automation can help you recover the cost within a short time span and from then on, it is all only about gains.
Restoration from Multiple Systems- RPA makes the tallying of data and information from multiple systems possible which generates information that helps with the integration of process.
Faultless & High Quality- RPA offers improved services to processes that have a high probability of human error, thereby increasing accuracy. Robots are reliable, and consistent and do not whine when expected to work tirelessly. They also reduce the cases of re-works and improve the output quality drastically. The best part here is that robots follow all rules to the dot, thereby producing 100% accuracy in the process results and let’s not forget what adds more sweetness to this deal-the fast implementation of this technology. RPA optimizes capabilities that multiply the organizational capacity.
Better IT Support And Management- RPA improves the operational quality of the service desk and monitors the network. This enables companies to handle short term spikes without having to recruit extra staff or train them. As this advanced technology is revolutionizing process efficiencies and increasing productivity across companies, it is changing the way various businesses and business models are run. Analysts are even suggesting that RPA is creating a second parallel economy that connects to the physical economy in concurrent systems to speed-up and optimize knowledge work. Time for you to bring your business onboard and join the biggest change ever.
Multiskilled- RPA is applicable across industries and has the ability to perform a wide range of tasks. Any process that is rule based and can be defined and is repeatable makes an ideal automation candidate.
Consistency- Robotics is a safe, non-invasive technology that doesn’t interfere with the inherent systems and provides a perfect consistency in performing the activities across the board, each time and every time. | MAR-APR 2018 |
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Expert’s Column
The Need to UNDERSTAND the Necessity of
INNOVATION ABOUT THE AUTHOR Andrew Bagrin is the Founder and Chief Executive Ofcer of My Digital Shield (MDS), a leading provider of Security-as-a-Service (SECaaS) for small businesses. With more than 17 years of experience in the IT security industry, Andrew started MDS in 2013 to bring cloud-based, enterprise-level security technology to small businesses at an affordable price.
Andrew Bagrin Founder & Chief Executive Ofcer
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B
igger, faster, everywhere! The measurement of how we rate technology in general, but more specifically data communications. From the days of spending hundreds of dollars to upgrade from a 14.4 to a 28.8 modem, we have always wanted the data to arrive as fast as possible. More importantly, we have always wanted the user experience to keep improving as we breach new horizons and figure out how to make it bigger, faster and everywhere. It’s in human nature to want to always make things wildly more impressive from a performance perspective. The car engines just kept getting bigger and bigger to make the cars go faster and faster. At a certain point, the realists had to step in and make it clear that an even bigger engine doesn’t do anything, because the rest of the car is not equipped for that power. The engine itself has to get more efficient with technology, not just bigger, and we have to start thinking about other things, such as stability, safety, efficiency and longevity. As nostalgic as some of us can be over the 1960’s vehicles, the era of the Prius and Tesla are here. Even the older style muscle cars are packed with much newer technology and safety features. I remember the days of bragging about the bonded 128k ISDN line and when my friend got a 500k modem. The location to live would greatly be determined by what type of internet is available. Today, if I ask some of the savvy network engineers what their bandwidth is at home, they won’t even know, and if they check, it’s usually around the 50-100Mb. Meanwhile the less savvy will brag about their 300Mb
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or 1Gb fiber and will be upset if they are only testing at 700Mb. Why is this the case? What changed? Are we just getting older and not caring about latest and greatest tech anymore? After digging a bit deeper into this question I realized that we are those realist jumping and saying “do you seriously think you are using more than 100Mb at home?” The reason the internet is crappy is not because of the speed, but because it’s crappy! So, what are the important applications of the internet? Browsing, Voice, Email/messaging, Social media, Shopping, Video streaming (movies), Payments/banking etc. Of all of these applications, it seems that security, privacy, latency, quality and reliability would be the most important things. Bandwidth would really only come into play for streaming video. Netflix suggests 5Mb/s for every HD stream. That means at 100Mb, I can have twenty separate HD Netflix streams at the same time, and even that I’m sure never happens in any household or office. So why do we push for 200Mb, 500mb or 1Gb? Do we just love the sound of it? I predict that there will be some refocus of how connectivity is provided. The main focus will not be bandwidth, but will be all the other parameters with bandwidth being one of them. Intel finally changed to model numbers to make it clear that the clock speed is not the only metric. (I3, I5, I7)
provides reliability, quality, some privacy and latency/jitter prevention. It also opens a new way of doing security and making it more accessible for everyone. This is the beginning of a next evolution of how data will be delivered worldwide. The connection between LAN and internet has relied on the wrong metric and poor quality for long enough and the world is realizing it now. Along with the realizations and new technologies, people will quickly retire the old metric and start looking at new metrics as the litmus test of connectivity. Carriers have been building services bundled together with their unreliable connection. They are now starting to shift to provide those service OTP or at the top, which mean provide it on the IP layer and decoupled from the connection carrier layer. Long time ago, Nortel made a big bet on services over layer 2 and they lost, because it wasn’t decoupled and couldn’t provide the level of integration that was needed. Meanwhile, other companies like Cisco put their services over layer 3 and quickly became the dominant player in the industry. Connectivity will decouple from services to enhance the connectivity and provide the services separately on top of the enhanced connection. Welcome to the future of always connected with quality, reliability, performance for its intended uses, not just making the gauge hit the red line!
SD-WAN is becoming a reality for all businesses and it will soon become a reality for homes as well. SD-WAN
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10 BEST
MINING COMPANIES TO WATCH 2018
Galaxy Resources Limited: A Global Lithium Company
G
alaxy Resources Limited (Galaxy) is an international S&P / ASX 200 Index company with lithium producing operations and development projects in Australia, Argentina and Canada, and whose portfolio of assets include both hard rock and brine projects. It owns the Mt Cattlin Operations in Ravensthorpe, Western Australia, which is targeting to produce 200kt of lithium concentrate (25kt LCE) in 2018; the Sal de Vida lithium and potash brine project, which is a 40-year mine life project with a completed Definitive Feasibility Study for the future production of 25ktpa of battery grade lithium carbonate, located on the Salar del Hombre Muerto in Argentina; and also the James Bay lithium pegmatite project in Quebec, Canada, an early stage development project currently undergoing feasibility work. Expanding Worldwide to Support the Growing Demand for Lithium Since the global financial crisis of 2008, demand for lithium minerals and chemicals has grown steadily at 10% to 15% per annum. The key growth drivers in demand were from the lithium battery, lubricant grease, glass and ceramic segments. In recent years, the lithium battery sector saw growth initially from the adoption of lithium ion batteries for consumer electronics, such as laptops, mobile phones and other portable devices - however in the last couple of years, there has been a rapid increase in demand due to the accelerating adoption of the lithium ion battery as the preferred technology in the fast growing electric vehicle segment. The global market for electric vehicles has expanded rapidly since 2015 and is forecasted to grow exponentially onwards through the next decade, as global automobile manufacturers launch more and more new electric vehicle models and execute on their EV strategy. China is currently dominating the electric vehicle market with just under 800,000 new energy vehicles sold in that
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market in 2018, which is larger in volume that the whole of the rest of the world market combined. Galaxy is very positive about the global demand outlook and is aiming to become a major producer of lithium products. Important Usage of Lithium Lithium-ion Batteries The lithium-ion battery sector is one of the largest consumers of lithium, currently estimated to be close to half of total global lithium demand. Initially used in computing and mobile communication devices, lithium-ion batteries are now being increasingly used to power fast growing sectors, such as electric vehicles and mass energy storage systems. Lithium batteries have superior energy density, are long life, as well as more efficient and environmentally friendly than traditional acid batteries. Glass and Ceramics Glass and ceramics accounted for c. 25% of lithium consumption in 2016. Lithium’s low co-efficient of thermal expansion makes it ideal for glass and ceramic applications, such as heat-proof ovenware and ceramic cook tops, making them more robust in withstanding the thermal shock of rapid temperature changes. Lubricant Greases The third largest application for lithium is in the production of multi-purpose lubricating greases. Lubricating grease consists of mineral oil thickened with lithium, which allows the grease to perform at a wider range of operating temperatures. Greases accounted for c. 10-12% of total consumption in 2016. Other Uses Lithium is also used in pharmaceuticals, catalysts and other lithium compounds, air conditioning, dehumidification
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systems, welding electrodes, nucleonics, luminescent paints, varnishes and dyes, rubber and aluminium production. Galaxy’s Diversified Asset Portfolio Mt Cattlin Galaxy is the 100% owner and operator of the producing Mt Cattlin spodumene project, located two kilometers north of the town of Ravensthorpe in Western Australia. Operations of the upgraded plant were brought into commercial production in May 2017 following the restart of production in Q4 of 2016. In 2016 Mt Cattlin produced 156 thousand tonnes of lithium concentrate (spodumene) (c.19.5kt lithium carbonate equivalent). In November 2017, Galaxy announced that it had entered into long term offtake agreements with multiple customers for a minimum of 200 thousand tonnes per annum of lithium concentrate. Contract terms were 5 years in duration and for 100% of planned production. Galaxy is currently completing a series of minor capital works at Mt Cattlin, including the installation of optical sorting and an ultra-fines dense medium separation (DMS) circuit. The construction and commissioning of these improvements is planned to be completed during Q3 of 2018 and are expected to increase recoveries to within the range of 70-75%. Sal de Vida The Sal de Vida (Salt of Life) deposit is one of the world's largest and highest- quality undeveloped lithium brines with significant expansion potential. Located in north-west Argentina in a region known as the ‘Lithium Triangle’ (home to more than 50 per cent of the world’s annual production of lithium), the project is 100% owned by Galaxy and is located on the same Salar as FMC’s Salar del Hombre Muerto operation. The Salar lays approximately 1,400 kilometers north-west of Buenos Aires at an altitude of 4,000 meters. In August 2016, Galaxy completed a revision of the Sal de Vida Definitive Feasibility Study (DFS), illustrating an economically robust, long life and low-cost lithium and potash operation. This study considered a combined lithium carbonate and potash operation of 40 years with annual production capacities of 25 thousand tonnes and 95 thousand tonnes, respectively. These levels of production are supported by large mineral reserves of 1.14Mt of lithium carbonate equivalent and 4.20Mt of potash equivalent. The revised DFS reaffirmed the technical superiority and | MAR-APR 2018 |
Anthony Tse
Mitchell Smith Managing Director & President & CEO Ofcer Chief Executive low-cost nature of the Project and the potential for a highly profitable operation. The study estimated average annual revenues of US$354m and a post-tax NPV of US$1.4bn. Pre-production capital expenditure was defined as US$376m and annual operating costs of US$3,369 per tonne of lithium carbonate before potash credits (US$2,959 after potash credits). James Bay Galaxy is also the sole owner of the James Bay spodumene project, located in Quebec, Canada. The James Bay deposit is a globally significant resource and provides additional expansion capacity to capitalise on future lithium demand growth, with the potential to supply the North American and European markets. Following the completion of a significant drilling program throughout 2017 the Company upgraded the James Bay mineral resource to 40.8 million tonnes grading at 1.40% Li2O (100% indicated). The James Bay deposit occurs at surface and resource modeling indicates that the resource is amenable to open pit extraction. The proposed operation is expected to have a low cost of energy and is supported by good infrastructure, including the Pont de la Baise James Highway, an abundance of local water sources and major Hydro-Quebec energy infrastructure. The Project is currently undergoing feasibility studies on an integrated operation, incorporating both upstream mining and concentration and downstream chemical conversion.
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Team Strategies
Team
QUALITY
Not QUANTITATIVE N
owadays! Everyone wants to succeed in their businesses, want to deliver their best quality products, and excellent services, for delighting their clients. For that, a company’s teams are their backbone for it. Businesses need strong teams that work smartly, with excellence. Without the talented team, you’re just the walking dead without motor skills to go where you want to go. The crucial role of a team was highlighted by a recent study from Rotman School of Management. It exhibits that the success of a new venture often depends on the expertise of the founder to attract a great team around him or her. The researchers used census data to analyze employers in the legal services sector to try and spot any patterns which were spinning out new ventures. The sector was chosen because there are no non-compete rules to prevent employees packing their bags and starting their own venture. “A founder’s individual characteristics are important but what’s more important are that person’s ability to bring a bigger and more experienced team with them,” the researchers say. “And the bigger that team the more likely the firm will succeed.” What is a Team? A team is any group of people who work together to achieve something to gain a shared outcome. It may be a sales team, or a call center team, or a rugby team, or the executive team of a multinational corporation. The same simple rules for success apply to all of them. It starts with the team leader. Every team needs a leader, a
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Team
captain, a chief, and the success of that team is almost entirely dependent on what the team leader does – and doesn’t do. Great team ensures great teamwork, achieved by consistent application of some age-old basics: Clear Accountabilities: Does everyone know exactly what they are accountable for? Even with detailed job descriptions, people often don’t know what they are supposed to do. The team leader needs to make the team is crystal about its RACI (Responsible, Accountable, Consult, and Inform- a simple, powerful tool you can easily google). Simple Measures: Are there the few clear steps towards each, and for the team as a whole? People love to know when they are doing a good job. They want to know what they must deliver and whether they are getting it right. Robust Disciplines: Good teams have solid routines that create a regular cadence-daily, weekly or monthly usually in the form of group meetings. Plan-Do-Review – the drumbeat of performance. Coaching for performance and growth: Team members thrive on good, objecting feedback. They will be more committed if they feel their performance is fairly assessed if their real work is acknowledged and justly rewarded. A sense that one is being encouraged to grow and advance is profoundly motivating. Skills: Team members need technical skills to get the job done- accounting skills or merchandising skills or front desk customers service skills. And also management skillsin particular for the team leaders- to keep the team engaged, focused and productive from Monday to Friday. | MAR-APR 2018 |
Maintaining a quality reputation amongst your target audience is imperative to being successful in business. What your customers think of you will ultimately shape, whether or not they’re willing to do business with you. Reputation management is also an ongoing practice that requires an array of techniques. However, at the top of the list is quality customer service. The quality of services you provide to your customers will ultimately shape their opinion of you. Since your staff is involved in providing day to day services, it will be important to have a competent team that is aware of how to handle the customer’s needs accordingly. The bottom line is that the right people do all the things that are necessary to get the business to grow: they get the product right; they get the service right; the culture is healthy; they get a motivated team behind them. Everything else falls in line. If you don’t have this right, the opposite happens. It’s a painful and expensive mess.
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T
oday we live in a time which is unprecedented in human history. Technology evolves at the drop of a hat and as it does, changes many tangible and intangible elements with it. Five years ago we never thought people would sell their cars and go the “Uber-way”. Today, that is a reality. And amidst this technological advancement and evolution, there lies opportunity. The question I’m often asked is how do we spot an opportunity and grow before it’s ever a trend and the industry becomes saturated? And my most frequent response is: If it were that easy we’d all be millionaires by creating the next big thing. But here’s the saving grace: it’s not that hard either! Here are a few tools I use which have helped me spot opportunity long before it’s become mainstream. 1. Start where you are: You’ve got to start where you are. Don’t wait for all the ducks to line up in a row for you because it’ll never happen. Another reason why this is so important is because so many people think that they need to get into a certain industry in order to innovate new and crazy ideas. The next big thing could be in your very industry, whether it’s healthcare or construction. There’s a need for innovation and new tech everywhere!
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And if that’s not enough of a reason, here’s another: you know your industry best! If you switch industries it’ll mean you have to start over and learn about an entirely new industry and guess what, anyone who’s been in the industry any longer than you already has an upper-hand. So start where you are! 2. Look out! Keep an eye open for things not working the way they should. Like Seth Godin said: “Broken!” Looking for things that are broken. Broken stuff needs fixing and the reason it ain’t fixed is because when they made the thing, the tech didn’t exist. Today you can create tech that can solve the problem of the “broken” syndrome. 3. Usability and Functionality: It’s appalling to see the number of technologies that have been created that no one uses. I was recently on the judging panel of a start-up event and I was amazed by the kinds of technology that have been built without ever doing a user-base analysis. If you don’t have any users, you don’t make any money. And if you can’t make money than this isn’t a business, it’s a hobby. It’s so simple but passionate entrepreneurs who believe in their product often forget this. I’m talking to me too!
4. Hire for attitude: So many leaders hire and fire people because a certain person had or didn’t have the right qualifications. Qualifications can be developed, skills can be build, techniques can be learned; but a deeply ingrained characteristic or attitude cannot be easily changed. We hire people for attitude and not just for what they know. This of course doesn’t mean you go about hiring people with great attitude, you won’t get very far with that mentality either. One needs to at the least begin to prioritize attitude more than we are currently. The greatest entrepreneurs of our time are applying these very skills and turning industries on their heads. It’s time you did it too! And oh! If I were to add one more thing to the list, I’d say: 5. Feedback! Listen to your users. Listen to what they’re saying because in it lies your very solution. I remember reading an article by Bill Gates once in which he said: “Your most unhappy customers are your greatest source of learning”
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Future Trends
Future of
ECO-MINING
Through Machinery N
ew technologies are shaping the future on eco-friendly terms. Humans have caused a tremendous harm to the environment in the past few years, overcoming this; some serious attempts are being taken too deliberately. Over the years mining has affected the ecosystem diversely, causing varieties of pollution and contamination. This resulted in the environmental tax imposition by the government on mining companies. Later on, choice of eco-friendly mining was considered by the government as well as private companies; new technologies also made eco-mining vision possible.
Eco-mining will not only reduce the environmental impact, but also a boon to the mining industries by increasing efďŹ ciency and reducing the extracting cost. The concept of eco-mining clearly explains the prevention of the release of toxins into the environment; in addition, implementing new technologies will be a big hand for the rapid amendments. Certain highly technical machinery is listed below, describing its main purpose and future hold in mining industries. Ozonix: The Prospect of Water Treatment in Mining. ‘Recycling and reusing is the best solution for every waste related issues.’ Some of the mining companies dump their waste directly into water bodies resulting in contamination, causing harm to various dependable nearby organisms. Technically, the chemical used for the processes contains highly toxic materials which further are
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dumped into the nearby ponds. Recently, to overcome such concerns new innovative machines have been introduced to the market ‘OZONIX’. Ozonix—is the chemical-free alternative for high volume water treatment; the process doesn’t utilize any type of chemical subordinates but bacteria killing radicals present in the diluted organic waste. As it uses electrochemical oxidation process, the formation of hydroxyl radicals gets easier and directly acts on the organic waste causing dispersion of molecules. Hence, the separation of the elements gets easier and water lefts out. This machine will soon be a universal attempt for water recycling and reuse. If it is implementing in mining, the recycled water can be used for the other purposes as per required. Mending the Rules of Surface Mining In against to the traditional methods of surface mining, an emerging machine Miner 2200sm is being implemented for surface mining. Earlier, drilling and blasting were profoundly used for mining process, but as an effect it often leads to fire endangering breathes of many miners. Miner 2200SM is another eco-friendly way for the extraction of ores; not only reducing of the cost for extraction, but also reduces the heavy vibrations, pollution created by noise and dust. In addition, this mining tech will increase the quality of mining, triggering to more profits. The prime benefit of Miner2200sm is to load 20 to 60 tons of rock by using its powerful lift-able conveyor, result in elevating the speed rate. Thus, there will be a probability of elevation in rate of productivity. Automobile Future Dedicated to the Zero Emission Vehicles ZEV are being used in various sectors, unlike other vehicles this doesn’t cause pollution by not emitting carbon dioxide and other greenhouse subsidies in the air. Generally, electricity based cars are also known as electric cars, are being utilized in industries but, with the development in technologies hydrogen fueled cars are been practicing in mining. The benefits of hydrogen and other natural gases fueled cars is that they emit water as a bi-product of the reaction. If and only if, this ZMV is used as transportation in mining it will have a huge reduction in environmental effect rate. Some companies have already started executing this way of transportation and soon will be acquired by remaining mining industries. More of a technology than Just a Machine ‘Methane capturing technology—another way to maintain the CO2 and methane level in order to reuse them when needed, these increases the probability of a rise in efficiency. A stored setup is required for the storage of gases and treatment purpose. Instead of emitting this greenhouse gases directly to the atmosphere, a proper utilization would lead to eco-friendly ecosystem nearby mining sites. Mining has left its mark long back benefiting many industrial field sand sector, now it’s time to innovate and raise the benchmark to a new level; implementing such machinery and technology world would be a better to breathe on. Considering the profitable factors, there’s no downfall if embraced these ways, hopefully, mining sectors are transforming into green mining soon.
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10 BEST
MINING COMPANIES TO WATCH 2018
Global Energy Metals Corp:
‘‘
Bridging the Decade With New
N
o logic can reveal the true phenomena of a mind unless it is tested, and no science can review the true potential of a metal unless it is heated. Energy and its forms are varied and different, but they all serve the purpose of fulfilling concurrent demands of humans. In this world of energy metals leading the era to usher new advancements with a focus on cobalt. Global Energy Metals Corp. (“GEMC”) is focused on offering investment exposure to cobalt, a critical material for the growing demand in the rechargeable battery market. It is actually building and developing a diversified global portfolio of cobalt assets in safe mining-friendly jurisdictions along with strategic partners working with them. A Compelling Catalyst in the Cobalt Sector Settled as a leading cobalt explorer and developer in the famous hills of Mt. Isa, a mining district in Queensland, Australia; The team at GEMC, with over a decade of cobalt-based experience, realized early that cobalt was indispensable to lithium-ion battery chemistries. Involved in acquiring and developing high-quality cobalt assets, it aims to provide investors with surging demand for cobalt that is used in the rechargeable battery and energy storage market.
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We recognized the pressing need to create a diversied, viable supply of material to offset the reliance from DRC sourced cobalt.
‘‘
Cobalt Exsposure
The Key Creator and Face of the Chancellorship An accomplished executive and business development professional, Mitchell Smith, CEO of GEMC is equipped with deep experience developing and executing successful corporate strategies. Managing marketing relationships and maximizing business opportunities for long-term engagement is his rule that amplifies strategic relationships. Prior to being appointed president & CEO of GEMC Mr. Smith held senior positions with various mining groups including Global Cobalt Corp, International Barytex Resources, and Petaquilla Copper Ltd. Being an early adopter to the battery space realization, he sensed the critical role of the metals associated with the market and the part they will play in its future. He
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not only negotiated and structured off-take agreements for cobalt material, but built relationships with Chinese battery manufacturers. Industry Expansion from the Eyes of GEMC The Company believes there are significant and valuable opportunities in comprehensive projects. They also find solace in building efficient and reliable raw material supply chain that meets strict end-user specifications in the rechargeable battery sector. Having been working for years with downstream users, they have entered into a strategic partnership with Beijing Easpring Material Technology Co. (Easpring). The Company recognized that there is an urgent need to create a diversified and viable supply of material to offset their reliance from DRC sourced cobalt. The company decided to go downstream directly to the supply chain to ensure that it receives project financing along with metallurgical and feasibility support for its project development. Today, GEMC’s partnership with the battery cathode manufacturer is unique. Highlights of their Brilliant Achievements GEMC;s aggregation strategy includes direct investment into advanced cobalt projects, enhancing supply through channelized streams, off-take ventures and materials. The Millennium Project, is a significant cobalt-copper deposit that remains open for expansion. The Project is located close to well-established mining, transport and infrastructure along with a skilled workforce in the regional centers of Mount Isa and Cloncurry. Having excellent potential, it is extending the mineralized structure through exploration work to the north and to the east. Interestingly, hydro-metallurgical studies have demonstrated the potential for the recovery of saleable cobalt and copper concentrates.
Mitchell Mitchell Smith Smith
President&&CEO CEO President
primary cobalt mine project in Canada, with excellent potential for additional cobalt mineralization throughout GEMC's extensive land package. Striving to Accomplish an Exciting Future GEMC is focused on advancing by extending its drilling at its Millennium cobalt project in Australia. Beginning stages of the drilling program involved wide and significant cobalt and copper grades potentially expanding their area. The Company’s Werner Lake project in Ontario will also be the focus of a $2.5 million exploration program funded solely by its partner Marquee Resources. The priority will lie to further identify and acquire additional high-grade cobalt mineralization. Though the company continues to advance the Millennium Cobalt Project, the proposed acquisition of the Mt. Dorothy and Cobalt Ridge projects will expand its cobalt footprint by a transformational twenty-fold increase in its Australian land position, thus furthering the development opportunity.
Whereas insights about the Werner Lake cobalt project states that it is the most advanced, near-term production
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Workodynamics
What makes a
COMPANY the BEST PLACE TO
WORK for H
Take a moment here and think about what makes you feel most excited to get to work in the morning, and makes you most loyal to your employer.
An extensive research in the area have now found that the most engaged employees — those who are fully invested in their jobs and dedicated to their firms — are significantly more productive, enhance customer satisfaction and outperform those who are less engaged.
The kind of company I have in mind would nurture the employee friendly environment if they could:
ere are four words we don’t hear very often: “I love my job.”
It’s important for employees to participate in their task enthusiastically, for the sake of their growth along with the company. But it turns out that only 20% of employees around the world are fully engaged at work. It’s a cut off that serves no one well. So what could be the solution? Where is the win-win for employees and employers?
Commit to paying every member a living wage. And that largely depends on the standard of living. Many corporations do not meet that standard for many of their jobs, simply because of an unfair environment where a CEO is paid millions of dollars a year while an employee gets a modest sum for full time work that in some cases falls below the poverty line.
The solution is that employers must shift their focus from trying to get more out of people, to investing more in them by supporting their core needs — emotional, physical, mental and spiritual — so they’re freed, fueled and inspired to bring the best at work and prove themselves every day.
Treat employees like grown-ups. Share statistics with employees, listen to their ideas (or better yet, actively seek out and act upon their ideas). Every employee who contributes his/her work must have a stake in the company’s success. It can be in the form of profit sharing, or stock options or bonuses tied to performance. If the company performs well in the market, all employees should share in the success, in meaningful ways.
Our primary need is to make enough money to live a decent lifestyle, but even at that, we cannot live by bread alone.
Design office’s working environments that are comfortable, safe and appealing to work in. Some offices include a range
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of lateral spaces that allow for privacy, collaboration, or simply to hang out.
regularly identify those they supervise for the progressive contributions they make.
Provide high quality, healthy food, at the lowest possible prices in canteens, cafeterias and also vending machines at workplaces.
Make policies that encourage employees to allot a considerable amount of time, to focus without disruption on their most important urgencies, including long-term projects with planned and creative thinking. Preferably, give them time to pursue projects they’re particularly passionate about and which have the potential to add value to the company.
Create sitting rooms for employees to rest and renew during the course of the working day and encourage them to take regular breaks. Offer a well-equipped gym and other facilities where employees can work-out and stay fit. Do not see fun, humor and relaxation as the enemies of hard work; instead perceive them as its allies.
Offer employees opportunities and incentives to learn, develop and grow, both in forming new job-specific hard skills, as well as softer skills that serve them well as individuals, and as executives and leaders. Actively encourage volunteerism among the employees.
Describe clear and specific expectations for what victory looks like in any given job. Then, try to give your employees as much liberation as possible to choose when they work, where they do their work, and how best to conclude it.
Stand for something beyond just increasing profits. Provide services or create products or serve causes that openly add value in the society, so that employees could derive a sense of meaning from their work, and would feel good about companies they work for.
Organize two-way performance reviews, so that employees not only receive regular feedback about how they’re doing, in means that support their growth, but are also given the opportunity to provide feedback to their supervisors, anonymously if they would, to avoid recrimination.
Life, as the famous philosopher Hobbes so succinctly pointed out, can be solitary, brutish, nasty and short. If we spend about one-third of our lives working, don’t you want it to be less miserable? It’s not that easy as it is said to be. But some companies are admirably close, and others are to be applauded for their valued efforts. The one that comes closest is Google. I’m convinced it’s one of their key to success.
Advice leaders and managers to be responsible for treating all employees with respect and care and encourage them to | MAR-APR 2018 |
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How To Overcome Obstacles When Starting Young
About Author Eugene Cheng is Partner & Creative Lead at HighSpark a company that provides presentation design services and consultancy to Fortune 500 companies. He also mentors for a video production company: MotionSauce
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Leader’s Insights
I
t was stated in a BNP Paribas Global Entrepreneurs report surveying 2,600 entrepreneurs based in 18 countries, that millennials are launching more than two times more businesses versus their older counterparts. Time are changing and the inevitable rise of the 20-something CXOs will follow, whether we like it or not. That said, starting young also comes bundled with its own set of unique challenges. For wide-eyed millennials entering the world of business, this can prove to be daunting and at times overwhelming. Back when my partner and I first started HighSpark, a company that provides presentation design services and skills training, it was by no means a walk in the park. Here are some obstacles we faced along the way and how we overcame them:
1.You will be underestimated Would you trust your business with someone that is two-times younger? Not an easy answer is it? Our struggle initially was to get experienced or senior business owners to trust a couple of teenagers trying to help them in communications. Naturally, we got plenty of objections ranging from disbelief : “What makes you qualified?” to outright rejection “We can’t work with you, you're too young”. It was only after a year into the business that we were finally figured out how to get past this obstacle: Credible references from past clients. Perception is almost as important as actually being able to deliver. Having someone else toot your horn for you can be invaluable when you’re starting out young. No doubt it'll be harder versus already having professional clout as a more experienced professional, but the lessons you learn | MAR-APR 2018 |
will be inherently more valuable. Another great way is to work with other experts to cover areas where you falter. In our case, we collaborated with experts in sales training and public speaking to provide more holistic solutions. That way, by association, you quickly appear more trustworthy.
2. You will feel like you’re missing out Entrepreneurship is a lonely, risky road less travelled. When you’re younger, you can stomach more risk, but it might be tougher to be doing something that goes against what the rest of your peers are doing. In our case, my partner and I started the business at the expense of further education at the time - we didn’t go to college. On the flip side, about 80% of our peers were heading to university, graduating and finding employment. There were numerous instances where we were genuinely uncertain about whether our business would be profitable enough to justify our sacrifices. Peers our age were already progressing in their careers, while we were still trying to determine if we made the right decision to do this. The old proverb, “show me your friends and I'll tell you who you are,” rings true here. Surrounding yourself with like-minded people going through the same struggles is a great way to manage selfdoubt and accelerate your learning in the process. Just remember that no one ever did anything special by being like everyone else and that the risks you take now can pay off handsomely in the future.
3. You will never truly ‘know what
everyone else has got life figured out except you and your team. The truth is that even the most seasoned entrepreneurs (young or old) feel unsure at times. Heck, even entrepreneurs that are doing well might constantly have a case of impostor syndrome. When we consistently entertain thoughts of self-doubt, these thoughts can manifest into paralysis where we end up worrying more than doing anything productive. A simple solution as renowned marketing expert Seth Godin often says is to ‘Start Shipping’. Don’t fear making mistakes because you will definitely run into obstacles along the way. The Business Insider recently reported on a 6-year old boy that makes $11 Million a year on Youtube reviewing toys on his channel: Ryan ToysReview. It really goes to show what one can accomplish when applying yourself correctly and silencing any feelings of inadequacy. Whether you’re a CEO in your fifties or a startup founder in your twenties, sometimes the best thing to do is to hunker down and tread along your planned path rather than worry if you're making the wrong decisions. Starting young can be an advantage if you use it right. Don’t be bogged down by things that you can control, but instead focus on: 1. Building solid relationships and developing your credo 2. Grow through osmosis by surrounding yourself with outstanding people 3. Focus on ‘shipping’ and the steps ahead.
you’re doing’ With news outlets reporting successful fundraising rounds in the millions and new startup stories on the press every other day, it can sometimes seem like
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