BUSINESS MAVERICK OP-ED: Mark Bristow and his Randgold team tick the right boxes to run the biggest gold merger ever

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 84%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

BUSINESS MAVERICK OP-ED: Mark Bristow and his Randgold team tick the right boxes to run the biggest gold merger ever By Peter Flack peterhflack

that one the key questions shareholders in these companies might want to ask is this: What makes a good mining executive?

In a way, this is also a discussion of leadership and, having just read General Stanley McChrystal’s book on that vexed subject, I have no wish to delve further into the topic other than to say that a top mining executive needs to have a track record of leading. But more importantly, they need to have teams in their immediate present and past who have readily and enthusiastically followed them for a number of years, through good times and bad.

Mining executives are slightly different from other executives in the sense that the major asset they work with is a wasting one. Once the minerals in the ore body have been mined out, the good Lord does not put them back a second time. So, they are involved in a constant process of recreating their main assets.

It goes without saying that mining is a numbers game and it helps to be numerate but, like many specialist skills, it is not essential to have one or more of them as these can be hired. Although it does help that a top mining executive is trained in one of the key mining skills — mining engineering itself obviously, geology, metallurgy or civil, electrical or mechanical engineering — but again this is not essential as these skills are readily available, certainly in developed countries.

It is critical that a senior mining executive has a good knowledge of finance and a proven track record of being able to raise money from financial institutions and the public via stock market rights offers, stock exchange listings and the like. Among other things, this requires that he have an impeccable reputation for honesty, decency and fairness.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Finance Minister extends Mark Kingon's run as Sars acting commissioner | IOL Business ReportThe Minister of Finance has re-appointed Mark Kingon as Acting Commissioner of the South African Revenue Service for a further period of 90 days.
แหล่ง: IOL - 🏆 46. / 51 อ่านเพิ่มเติม »

OP-ED: National Savings Capture: Predatory capitalism and the asset management industryWe have found ourselves in the eye of a perfect storm. In pursuit of self-interest, our political leaders have failed us badly, and by so doing have tarnished the reputation of the country as a safe and sound investment destination. The corporate sector has registered phenomenal failures, hundreds of billions have been wiped off the capital markets. The nation’s savings have been looted in the public and private sector to the order of hundreds of billions. So, it is hardly surprising that so much distrust and suspicion of the establishment has emerged. 4 someone who chaired a co whos corp governance at best left lots 2 b desired u certainly have a lot to say
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

MAVERICK BUSINESS: Group Five: Another SA construction giant buckles under the pressureGroup Five, one of SA’s biggest names in construction and the company that built the Moses Mabhida stadium and King Shaka airport in Durban, filed for business rescue on Tuesday 12 March, becoming the latest in a long line of construction companies that have gone under in the past few years. The question now is not so much whether the company sector can be saved, but whether the sector can ever be revived, and if so, how. When companies like group 5 are crumbling, what chance do we have as smaller construction companies? It's tough It is tough out there.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »