• ADVISORS TO THE MINERAL BUSINESS
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The Mineral Corporation

Securing the value of your exploration and geological work; foundation of your mineral resources estimates and feasibility studies

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Subcategories

Exploration services and management

We provide effective and efficient management of your exploration-related tasks, using the most appropriate remote sensing or terrestrial geological, geochemical or geophysical exploration tools. We use exploration management protocols that withstand third party scrutiny and permit the compilation of technical reports that comply with international resource reporting codes (SAMREC, JORC, CIM). As part of exploration management services, we provide strategic advice on project development and value addition strategies informed by an understanding of the strategic, technical, legal and logistical challenges encountered by mineral project developers in various jurisdictions.

Geological modelling and mineral resource evaluation

We provide accurate and successful project evaluation founded on a sound understanding of the geology, mineral economics, mining and industry best practice resource evaluation approaches. We manage the Mineral Resource evaluation process including data processing, interpretation and evaluation; conceptual geological analysis; orebody modelling and Mineral Resource classification as well as Competent Person sign-off in terms of the international protocols (CIM, JORC, SAMREC).

Mineral resource and reserve audits

Mineral resource and reserve audits: We provide risk-based technical and governance audits of Mineral Resource and Reserve statements accompanying annual reports for listed companies. For the execution of these tasks, our Competent Persons for mineral resources and reserves utilise a combination of in-depth technical, management and board experience as well as a solid understanding of the reporting codes and stock exchange reporting requirements. Our audit findings and recommendations provide board members with the requisite line of sight of the overall preparation of Mineral Resource and Reserve statements.

Public reporting

We have a proven track record of preparing independent competent person’s reports in support of corporate activities such as stock exchange listings, mergers and acquisitions or material changes to business and life of mine plans for mineral projects. In the preparation of public reports, we strive to protect the investor and project owners by diligently forming an understanding of the project key value drivers, developmental opportunities and identifying material risks to the achievability of business plans.

Technical reviews and advisory

A solid understanding of the project development cycle, key project value drivers and the minerals industry value chain allows our team to provide bespoke corporate advisory services which include technical due diligence reviews, independent technical reviews and tailored technical advice. Knowing that each project possesses unique attributes and challenges, our technical advisory approach is premised on collaboration with project owner. The collaborative efforts often produce practical and realistic solutions to challenges confronting the project owners.

Independent reviews of scoping, prefeasibility and feasibility studies

Independent reviews of scoping, prefeasibility and feasibility studies: We undertake independent reviews of scoping, prefeasibility and feasibility studies of mineral projects premised on our deep understanding of the complexities and opportunities of these projects. Our unique combination of geological, mining, metallurgical, infrastructure engineering, ESG and financial capabilities positions us well to provide practical, insightful advice. These capabilities provide our team with the flexibility to execute the techno-economic studies, act as the owner’s technical representative or review findings of the studies.

Mineral asset valuation and financial modelling

Our team has comprehensive financial modelling and valuation capabilities for any aspect or stage of mining projects. With wide-ranging knowledge of mineral projects and challenges that face prospective investors, the team has carried out mineral asset valuations according to SAMVAL and VALMIN as well as financial modelling for mining projects throughout the world.

ESG management

Diverse technical skills and experience place our technical team in a favourable position to guide our clients with the management of ESG issues confronting their projects. Our team has a successful track record of converting and applying for prospecting and mining rights for various commodities, preparing social and labour plans and environmental management plans. Our in-depth knowledge of the legal, social and environmental aspects of mineral projects provide the foundation for developing title, ESG strategies and plans that conform to industry best practice and international norms.

Due diligence reviews and asset valuation

We have a proven record of assisting potential investors by providing due diligence support and technical advice to inform investment or mergers and acquisition decisions in the mining industry. We employ a unique structured approach for completing these assignments, which combines high speed of execution and accurate risk/opportunity assessment (high-level or fatal flaw review) and detailed reviews. This industry leading approach to technical due diligence reviews is anchored by an enhanced understanding of the project development cycle and key project value as well as our financial modelling capability.

Competent Person’s Report preparation

We are adept at preparing independent competent person’s reports for single or multiple operations in support of corporate activities such as stock exchange listings, mergers and acquisitions or material changes to business and life of mine plans for mineral projects. Our track record is testimony to a solid grounding in technical aspects of mineral projects and the understanding of the reporting codes and stock exchange reporting requirements by technical experts and competent persons.

Owner’s technical team representative

Our in-house team of experts possesses distinctive advisory capabilities in the geological, mining, metallurgical, infrastructure engineering and financial modelling disciplines as well as leadership capabilities required to act as owner’s technical team during and after acquisitions and post-acquisition feasibility studies. We have acted as the owner’s representative for new investors subsequent to acquisition and during the time of building internal capabilities or for organisations that have technical skills gaps.

Mineral/commodity advisory

A wide geographic footprint and vast commodity experience position our team superbly for assessing jurisdictions and commodities for investment. The team uses diverse experience, strong research capabilities and understanding of global trends in the mining sector for undertaking country risk profiling, mineral target identification and commodity selection.

Due diligence reviews

Our experience with the undertaking due diligence reviews for project owners and investors in support of investment or mergers and acquisition decisions places us in an enviable position to assist deal financiers and other lenders prior to the approval of funding of mineral projects. Using our extensive knowledge of mining project funding models, we assist diverse lenders by providing appropriate due diligence support and technical advice to inform their funding decisions. A structured approach for completing technical due diligence reviews of mineral projects, which combines high speed of execution and accurate assessment, is employed for the execution of these assignments. Our technical and cash flow/financial modelling capabilities allow us to provide a holistic view to the targeted mineral project.

Lender’s team technical representative

We assist lenders by acting as independent technical experts/engineers or lender’s engineer. Our in-house team provides a wide spectrum of technical competencies in cross functional mining disciplines (i.e. geology, mining, metallurgy, infrastructure engineering, ESG and financial engineering). These competencies enable us to act as independent technical experts/engineers or lender’s engineer. We are also proficient at lender’s engineer monitoring of mining projects subsequent to funding as well as reviewing loan repayments and mine planning for pre-existing investments.

Loan/equity independent mineral asset support evaluation

Our comprehensive financial modelling and valuation services provide the requisite support for capital structure decision making and mineral asset valuations. Our independent asset valuations are invaluable for benchmarking with internal valuations prepared by lenders.

Bespoke technical support

We partner with mining service providers such as EPCM companies by providing tailored technical support mainly in the areas of geological and mineral resource modelling, mine planning, cash flow modelling and economic evaluation support for feasibility studies.

Independent reviews of feasibility studies

In addition to participating in feasibility studies, we undertake independent reviews of completed feasibility studies prior to approval by the project owners or EPM companies. This essential step ensures completeness of the study, alternative views on risk assessment and mitigation by EPM companies and endorsement of the overall study findings for governance.

IN THIS SECTION

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WHAT WE CAN DO FOR YOU

Project/mine
owner/seller

Owner/seller

  • Exploration services and management
  • Geological modelling and mineral resource evaluation
  • Mineral resource and reserve audits
  • Public reporting
  • Technical reviews and advisory
  • Independent reviews of scoping, prefeasibility and feasibility studies
  • Mineral asset valuation and financial modelling
  • ESG management
Potential
Investor

Investor

  • Due diligence reviews and asset valuation
  • Competent Person’s Report preparation
  • Owner’s technical team representative
  • Mineral/commodity advisory
Deal
Financier

Financier

  • Due diligence reviews
  • Lender’s team technical representative
  • Loan/equity independent mineral asset support evaluation
Mining service
provider

Service provider

  • Bespoke technical support
  • Independent reviews of feasibility studies

The Mineral Corporation. All Rights Reserved. © 2022

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John Murphy

Pr Sci Nat
BSc (Hons) (Engineering Geology), MBA, FGSSA

Managing director, owner
John Murphy [photo]

More than 31 years’ experience in base, precious, bulk and energy minerals exploration, mining and techno-economic assessment in Africa.

Services

  • economic geology
  • mineral economics
  • corporate advisory
  • due diligence reviews and fatal flaw analyses of projects and mining operations
  • mineral asset valuation
  • expert witness testimony
  • public reporting
  • mineral exploration strategy and management

Commodities

  • base and precious metals
  • industrial minerals
  • coal
  • chrome
  • manganese
  • iron ore
  • uranium

Focus

  • technical advice, mineral economics and valuation
  • technical due diligence of mine and exploration data
  • mineral asset valuation and financial modelling
  • country and commodity reviews
  • Competent Persons’ Reports
  • Competent Valuators’ Reports

Coniace Madamombe

Pr Sci Nat
MSc (Exploration Geology), MBA, FGSSA

Director, owner
Coniace Madamombe [photo]

More than 20 years’ operational and consulting experience in mineral exploration, mining geology, project techno-economic appraisal and reviews in Africa.

Services

  • strategic exploration management
  • mine geology and Mineral Resource Management
  • geological and resource modelling
  • country and commodity reviews
  • project techno-economic evaluation
  • technical reviews and governance audits of mineral resources and mineral reserves
  • due diligence reviews and fatal flaw analyses of projects and mining operations
  • independent technical/lender’s expert reviews of projects and mining operations

Commodities

  • gold
  • platinum group metals
  • iron ore
  • nickel
  • chrome
  • copper
  • manganese
  • lead
  • zinc
  • uranium
  • bauxite
  • limestone

Focus

  • strategic exploration management
  • target selection, identification and appraisal
  • techno-economic assessment of mineral projects
  • country risk profiling and commodity reviews
  • mineral resource evaluation
  • mine geology and Mineral Resource Management
  • technical and Competent Persons' Reports
  • technical reviews and governance audits of mineral resources and mineral reserves
  • due diligence reviews and fatal flaw analyses of projects and mining operations
  • independent technical/lender’s expert reviews of projects and mining operations

Stewart Nupen

Pr Sci Nat
BSc (Hons), GDE, MBA, FGSSA

Director, owner
Stewart Nupen [photo]

More than 20 years’ operational and consulting experience, including experience as a geologist with AngloGold Ashanti and then in mining software sales, training and implementation (GEOVIA GEMS™; GEOVIA Whittle™) with Gemcom Software (now GEOVIA).

Services

  • geology
  • project evaluation
  • resource modelling
  • mineral resource evaluation
  • mine geology and Mineral Resource Management
  • technical and Competent Persons' Reports
  • technical reviews and governance audits of mineral resources and mineral reserves
  • due diligence reviews and fatal flaw analyses of projects and mining operations

Commodities

  • gold
  • platinum group metals
  • manganese
  • iron ore
  • bauxite
  • chrome
  • lithium
  • uranium

Focus

  • geological and mineral resource consulting for project development
  • geological modelling and mineral resource evaluation
  • Competent Persons' Reports
  • co-ordination: independent mineral resource and mineral reserve audits
  • SAMREC and CIM compliance reports: gold, platinum, uranium, manganese, iron ore
  • mine geology and Mineral Resource Management
  • due diligence reviews and fatal flaw analyses of projects and mining operations

Russell Heins

Russell Heins [photo]

BSc (Hons) Minerals Engineering, FSAIMM, MIMMM
Registered Chartered Engineer

Director, owner

More than 36 years’ technical, managerial and business development experience in the international mining industry.

Services

  • Metallurgy
  • Process and infrastructural engineering
  • due diligence reviews and fatal flaw analyses of projects and mining operations
  • independent technical/lender’s expert reviews of projects and mining operations

Commodities

  • precious and base metals
  • rare earths
  • industrial minerals
  • tantalite
  • manganese
  • chrome
  • ilmenite
  • uranium

Focus

  • Refinery operations and management
  • Plant design, optimisation and troubleshooting
  • Product quality control
  • Hydrometallurgical and chemical processing of a wide variety of ores
  • Health, safety and environmental management
  • Due diligence and fatal flaw reviews
  • Scoping and feasibility study contributions
  • Small business development and management

Andrew Hart

CA (SA)
Member, South African Institute of Chartered Accountants

Director, owner
Andrew Hart [photo]

TMC finance director since 2007; previously financial manager from 2002.

Services

  • mineral asset valuation
  • financial modelling

Focus

  • corporate strategic advice
  • commercial negotiations
  • due diligence reviews
  • financial valuation models – preparation, auditing, supervision

Keith Wilson

BSc Engineering (Mechanical)
MSAIMM, CertEng (Mine & Works)

Director, owner
Keith Wilson [photo]

More than 30 years’ technical, managerial and consulting experience within the mining industry

Services

  • Engineering and Infrastructure
  • Conceptual, Pre-feasibility to Feasibility Studies and Due Diligence Studies
  • Independent Technical/Lender’s Expert reviews of projects and mining operations

Commodities

  • gold
  • diamonds
  • platinum group metals
  • iron ore
  • manganese
  • chrome
  • coal
  • base metals

Focus

  • technical study co-ordination and management
  • due diligence and lenders technical advisor
  • infrastructure assessments
  • mining equipment selection
  • open pit simulation modelling and costing
  • capital and operating costs scheduling
  • life cycle cost (LCC) modelling
  • legal and safety compliance assessments

Wezi Banda

PhD - Extractive Metallurgical Engineering
MSCEng - Extractive Metallurgical Engineering
B.Sc. Mineral Sciences and Metallurgy

Director
Wezi Banda [photo]

More than 22 years of operations management, technical services, and studies in the metallurgical industry with experience in base metals and nonferrous metals. Experience in minerals beneficiation via Flotation, Smelting, Roasting, Leaching, Electrowinning, and Separation Technologies by Solvent Extraction and Ion Exchange. Has worked in Africa including technical studies across southern and east Africa, Europe, and Eurasia.

Services

  • Metallurgy
  • Process operations management
  • Technical studies for new/existing processing plans
  • Technical due diligence of processing facilities for businesses performance and investments
  • Tailings reprocessing/metals recovery and sustainability
  • Hydrometallurgy
  • Pyrometallurgy

Commodities

  • cobalt
  • copper
  • chrome
  • manganese
  • gold
  • fluorspar

Focus

  • technical study co-ordination and management
  • due diligence and lenders technical advisor
  • infrastructure assessments
  • mining equipment selection
  • open pit simulation modelling and costing
  • capital and operating costs scheduling
  • life cycle cost (LCC) modelling
  • legal and safety compliance assessments

Edward Legg

Pr. Eng
BSc (Mining Engineering), MBA, FSAIMM

Senior Technical Advisor
p edward legg

More than 41 years of operational, technical and executive experience across the southern African mining industry. Since 2014, he has provided specialist mining and business consulting services including contributions to detailed due diligence studies and he has a broad knowledge of the base metals, coal and precious metals mining business

Services

  • short-medium term and strategic mine planning
  • due diligence reviews and fatal flaw analyses of projects and mining operations
  • independent technical/lender’s expert reviews of projects and mining operations

Focus

  • technical research
  • prefeasibility/feasibility studies
  • mining assessments
  • scoping studies
  • fatal flaw analyses
  • due diligence studies
  • techno-economic design
  • mine design
  • benchmarking exercises
  • construction of costing models

Mark Stewardson

Pr Sci Nat
BSc (Hons Geology), MSEG

Senior Technical Advisor
Mark Stewardson [photo]

More than 45 years’ experience in coal geology, exploration and mining, with extensive work experience in most major coalfields of southern Africa, Indonesia and Australia.

Services

  • exploration management
  • coal project evaluation services
  • coal resource and reserve estimation

Focus

  • exploration management
  • evaluation of coal deposits and resources
  • due diligence studies
  • technical and Competent Persons' Reports

Lynne Soulsby

BA (Hons) (Sociology)

Senior Technical Advisor
Lynne Soulsby [photo]

More than 18 years’ service with TMC and specialising in legal and ESG issues in the mining sector.

Services

  • mineral tenure
  • social and labour planning
  • ESG due diligence and reporting

Focus

  • Social and Labour Plan generation
  • socio-economic impact studies
  • assistance with the formulation, compilation and project administration of prospecting and mining right applications in accordance with MPRDA

Bea de Munnik

Survey Draughting Certificate

GIS and graphics specialist
Bea de Munnik [photo]

A specialist in GIS and drafting.

Services:

  • GIS
  • drafting

Focus

  • computer graphics
  • Geographic Information Systems (ArcGIS)
  • survey draughting

Darren Portela

Pr Sci Nat
BSc (Hons), MGSSA

Director, owner
Darren Portela [photo]

More than 14 years’ involvement in chrome, coal, iron ore, manganese, tin, vanadium, gold and bauxite exploration in Africa for TMC.

Services

  • exploration management
  • deposit evaluation
  • resource modelling and evaluation
  • technical and Competent Persons' Reports compilation
  • technical reviews and governance audits of mineral resources and mineral reserves
  • due diligence reviews and fatal flaw analyses of projects and mining operations

Focus

  • exploration management
  • preparation of technical databases and technical advice
  • interpretation and analysis of mineral and structural project data
  • commodity reviews
  • assistance in JORC, SAMREC and CIM compliance reporting

Efet Banda

Pr Sci Nat
BSc (Geology), MGSSA, MGSZ, GDE (Mining Engineering)

Senior Technical Advisor
Efet Banda [photo]

More than 22 years’ experience in mining, exploration, resource evaluation and geotechnical engineering in South Africa, Zimbabwe, Mozambique, Armenia and Georgia; performed the geotechnical functions for the Gautrain Project.

Services
  • exploration management
  • geostatistical and resource modelling of metalliferous and industrial minerals deposits
  • resource of coal deposits
  • technical and Competent Persons' Reports compilation

Focus

  • underground mine production
  • civil works geotechnical investigations
  • geo-modelling (GEOVIA Minex™; Datamine Studio™)
  • Competent Person's Report compilation
  • mineral resource evaluation and modelling
  • underground and open cast mining production control
  • mining and civil works geotechnical mapping

Jonathan Buckley

Pr Eng
BSc (Hons) Mining Engineering, MSc (Petroleum Engineering), FSAIMM

Senior Technical Advisor
Jonathan Buckley [photo]

More than 37 years’ experience in mine management, mine project management and consulting.

Services

  • short-medium term and strategic mine planning
  • reserve estimation
  • project techno-economic evaluation
  • technical reviews and governance audits of mineral reserves
  • due diligence reviews and fatal flaw analyses of projects and mining operations
  • independent technical/lender’s expert reviews of projects and mining operations

Focus

  • technical research
  • prefeasibility/feasibility studies
  • mining assessments
  • scoping studies
  • fatal flaw analyses
  • due diligence studies
  • techno-economic design
  • mine design
  • benchmarking exercises
  • construction of costing models

Julia van Biljon-Heidemann

Pr Sci Nat
BSc (Hons) (Mineral Economics), MDP, BCom, FGSSA

Senior Technical Advisor
Julia van Biljon-Heidemann [photo]

More than 30 years’ experience in investment banking (mergers and acquisitions, valuation, equity capital raising and advisory mandates, mainly for mining clients); also, for a South African mining major, responsible for valuations of base metal, coal and gold operations; in-depth exposure to major feasibility stage and operating projects, varied in terms of commodity, project stage, technical constraints, project location (affecting fiscal and logistical aspects), ownership and financing models.

Services

  • mineral asset valuation
  • financial modelling

Focus

  • valuations of mineral properties and mineral processing operations
  • techno-economic and financial models
  • mineral property holding company valuations
  • financial advisory

Herman Lombard

Pr Eng
BSc Mining Engineering, FSAIMM

Senior Technical Advisor
Herman Lombard  [photo]

Career spanning more than 40 years in underground mine management and mining engineering consulting.

Services

  • short-medium term and strategic mine planning
  • Mineral Reserve estimation
  • project techno-economic evaluation
  • technical reviews and governance audits of Mineral Reserves
  • due diligence reviews and fatal flaw analyses of projects and mining operations

Focus

  • mine design and planning
  • Mineral Reserve estimation and audits
  • feasibility studies
  • mining assessments