Dig Deep Revitalising Distressed Assets in West Africa With Dave Webster
In this episode, we chat with Dave Webster, Chairman of the 79th Resources. One of the fastest-growing natural resources companies in West Africa. They are exploring and identifying gold deposits in and around the region.
Dave is a natural leader. He was previously one of the largest private landlords in the UK, David has over 27 years of experience in the property sector as both a developer and a landlord. We discuss his entrepreneurial journey and why he has moved into the natural resources industry. Dave also explains what 79th Resources is looking to achieve in West Africa.
KEY TAKEAWAYS
- From the start, know what your exit options are for every deal or business.
- Always have several options open to you.
- The world is a very turbulent place to operate in, at the moment. Very fluid.
- 79th resources decided to cut out the middlemen and buy the land themselves.
- By mainly using the distressed asset acquisition model, they have quickly bought 18 mining concessions.
- Dave now gets calls every week, including from governments, making them aware of mines that need rescuing.
- 79th Resources uses strategic partners. For example, SRK for exploration.
- Having good relationships with the communities and landowners greatly benefits both parties.
- Dave is planning to use a strategy that will speed up the process of going from find to production. He explains how in the podcast.
- The desperate need for resources presents an opportunity to do things differently.
- Seventy-Ninth EIF (Experienced Investor Fund) stands alone from 79th Resources.
- 79th Resources is a member of the Gibraltar Financial Services Commission (GFSC). Dave explains why in the podcast.
BEST MOMENTS
‘Minerals have never been more important to the world. ´
‘The local people are the key to everything.’
‘We never ever panic sell or panic buy... we build time into our business.’
‘Because I am rescuing a failed operation, I get them for a penny in the pound.’
EPISODE RESOURCES
Website: https://79thresources.co.uk/
LinkedIn: https://www.linkedin.com/company/the-79th-group/
Twitter: @the79thgroup
Twitter: https://twitter.com/the79thgroup
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
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 insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the 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 client's organizations 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.
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 about 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.