Macavelle Bay Deposit - What's the Story?

In this episode, we chat with Dan Myerson, Executive Chairman of Foran Mining Corporation, a diversified exploration, and development company with projects in central Canada's Flin Flon mining belt.

They are looking to develop the world's first carbon-neutral copper mine.

Dan has a finance and resources background and worked for some leading financial institutions and mining companies during his career. He is now spearheading this exciting project with Foran Mining. We talk about the deposit at McIlvenna Bay and the uniqueness and potential it has. As well as the recent investment by Prem Watsa’s Fairfax Financial that they received.

KEY TAKEAWAYS.

• Foran Mining has low-cost assets, that are rich in deposits which will continue to produce over the long term.
• The infrastructure needed to exploit the area was already in place, saving them a huge amount of money.
• Their current focus is building a carbon-neutral copper mine.
• They use hydropower, build using as many green products as possible, and use electric trucks.
• Their green approach has also produced economic benefits.
• Foran mining works to build up the economy of the areas in which they work. They subscribe to the circular economics principle.
• Investing in your people benefits the community and sets things up for future growth.
• The government in Canada is very switched on to the potential benefits of mining and doing so in a way that benefits everyone.
• The Bigstone deposit has copper and gold. As well as 7 metres of 27% zinc.
• The deposits at McIlvenna Bay typically appear in clusters. The area has copper, gold, silver, and zinc.
• The deposits start at about 30 meters, just below the dollar mark.
• They have intercepted about 14 meters of copper mineralization across the deposit.
• Foran Mining also has an exploration program in place that stretches into 2022.
• Wade Burton who is the Warren Buffet of Canada, has recently invested in Foran Mining.

BEST MOMENTS

‘In Canada, I was optimising and managing our overall assets, as well as the trading business… Also looking for growth opportunities.

‘We want to make it as economical as possible and as sustainable as possible.’

‘The future for Foran Mining is extremely bright.’

EPISODE RESOURCES

LinkedIn - https://ca.linkedin.com/company/foran-mining

Website – https://foranmining.com/

Email - ir@foranmining.com

VALUABLE RESOURCES

rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.