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[Exploration Review]
encouraging investment in junior exploration companies, particularly those looking to undertake greenfields exploration. In the absence of such a scheme, shareholders are likely to continue investing in larger mining companies with identified revenue streams or brownfields explorers that represent a lower risk. Junior explorers looking to undertake greenfields exploration will continue to have difficulty in accessing equity finance. Greenfields exploration will continue to lag well behind brownfields exploration which is uncovering the smaller, lower grade mineral deposits.
AMEC will however continue to call for the implementation of an ETC model in order to ensure a pipeline of resource projects for future generations and in the national interest.
Simon Bennison is Chief Executive Officer of the Association of Mining and Exploration Companies (AMEC), based in Perth, Western Australia. AMEC is a national organisation representing over 300 mining, exploration and service industry companies.
He has over 13 years’ experience in the Australian mining and exploration sector.
Bennison’s earlier career in the min- ing industry involved environmental management in open pit and under- ground mining operations.
He has been a director on a num- ber of companies and Statutory Authorities in Australia over the past 20 years. He has spent 15 years as the CEO of various State and National organisations and has been responsible for policy development across a number of primary industry sectors.
Australasian Mining Review 2011: issue 2.1
