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Kaizen Discovery: Feeding Japan’s Industrial Needs

Jul 09, 2015
Credit : GMI Post


With the price of commodities falling to recent lows, the global mining industry has faced challenging times the past few years. This downturn has resulted in an industry-wide reticence to invest in new exploration.

Junior mining companies already struggle to stretch their remaining working capital and secure additional financing. Analysts expect a correction in commodity prices, but they are unable to predict when the recovery will happen.

Kaizen Discovery President, CEO and Director B. Matthew Hornor

While most in the mining industry have adopted a wait-and-see position towards this uncertainty, some bolder players have recognized a massive opportunity.

“There will be a short supply of all of the base metals, but demand will grow or stay the same, which will only do one thing to commodity prices. We identified what was obvious to us: To capitalize on this situation, we needed to have a platform that was different from anybody else,” explained Kaizen Discovery President, CEO and Director B. Matthew Hornor.

Formed in December 2013 as part of the Ivanhoe Capital group, Kaizen Discovery is a Canadian mineral resource company whose strategy involves employing industry-leading exploration technology, as well as forming partnerships with Japanese companies to directly supply metals to Japan’s industrial sector. Its first such collaboration was with Japanese trading giant Itochu Corp. with a market capitalization of approximately $20 billion and over 103,000 employees worldwide

In 2014, Kaizen Discovery acquired Vancouver-based West Cirque Resources (WCQ), which controlled seven prospective copper-gold porphyry exploration projects in British Columbia. The move immediately received the approval of Itochu, which quickly took a 40 percent stake in one of the projects.

With more acquisitions in the pipeline, Kaizen Discovery remains on track to build share value intelligently and strengthen its market position ahead of the inevitable rebound of commodity prices.

Clearly, Asia plays a critical role in the successful growth strategy of Kaizen Discovery, a fact quickly acknowledged by its leadership.

“We are very thankful for our partnership with Itochu Corporation, for their belief in the platform, and for our team. We are also appreciative of the relationships we enjoy with the other groups in Japan who we meet frequently,” said Hornor.

Majestic Gold Positions Itself For Market Recovery

Jul 09, 2015
Credit : GMI Post


 

Majestic Gold’s engineers at work.

Majestic Gold is a Toronto-listed (MJS-V), China-based gold producer with an open pit mine near Yantai in Shandong Province, the nation’s largest gold-producing region. Majority control is held by Chinese nationals, who view the company as a vehicle to expand gold production both within and outside China.

The company’s Songjiagou gold mine operates at near break-even in a historically perverse gold market, which appears to have reached is cyclical bottom with a limited downside and considerable upside for established producers like Majestic Gold and its shareholders.

For strategic reasons, which include the desire to capitalize on strong gold prices, Songjiagou went into commercial production in 2012 without the benefit of a full feasibility study that comprised an efficient mine plan. Since then, the company has developed a plan that will optimize the resource grade gold at Songjiagou and resolve ongoing grade control issues.

At present, mining activities at Songjiagou are delivering a grade of 0.42 g/t, which represents about one-third of the mine’s calculated resource grade.

According to Majestic Gold’s President Steven Kenwood: “One can easily imagine the impact of the successful implementation of this mine plan and grade control program on our production costs, not to mention a potentially added profit boost from higher gold prices.”

Songjiagou is a modern truck and shovel mining operation with a conventional mill and a well-engineered tailings disposal system for waste storage. As a good corporate citizen, the company places a strong emphasis on worker safety.

In addition, its relationship with local villages is excellent, as it is committed to provide modern housing alternatives for families impacted by our present and future mining operations.

Majestic Gold’s board of directors is comprised of seasoned veterans of the Canadian and Chinese mineral industries, such as its Chairman, Gengshu Miao, the former President of China Minmetals Corp.    

Canada 2015 was prepared for and originally printed in Forbes Asia magazine.

PDF of the printed report

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