The EarthStream quarterly
newsletter designed to keep
our customers aware of:
• Internal changes,
developments or
announcements within
the EarthStream group
• Trends that we have
identified with regards to
staffing in the Mining &
Resources, Oil & Gas or
Energy & Utilities sectors
in Sub Saharan Africa
• Country focus
& Commodity
specific focus
• Forecasts for the
upcoming Quarter
1. DOWN UNDER FEATURE IRON ORE
Our Austrailan Ghana’s Gold The demand for
office opens production steel increases
WINGSPAN
The EarthStream Sub Sahara & African Newsletter. Issue 1
Developments
& Trends
Country &
commodity
focus
Forecasts
2. EarthStream
Down under
Welcome to
WINGSPAN
The EarthStream quarterly
newsletter designed to keep
Australasia has has with ASX listed
resources firms with
our customers aware of: always represented operations in other parts of
an important region the world.
• nternal changes,
I
developments or for EarthStream. In addition to having
announcements within It is one of the world’s major a regional presence in
the EarthStream group Mining Resources hubs Australian we have also
and forms a vital link secured a large amount of
• rends that we have
T
in the EarthStream global Visa’s in order to assist with
identified with regards to
chain. Australian based operations
staffing in the Mining
current skills crisis.
Resources, Oil Gas or
Energy Utilities sectors The Australian teams’
primary objective for the If you would like to get in
in Sub Saharan Africa touch with our Australian
first half of 2012 is to
• ountry focus
C solidify relationships that office, please contact
Commodity EarthStream already Travis Archibald:
specific focus
• orecasts for the
F
upcoming Quarter Travis Archibald | Regional Director
Tel. +61 8922 60877 travis.archibald@earthstreamglobal.com
IBM Building, Level 3, 1060 Hay St West Perth WA 6005
3. WINGSPAN ISSUE 1
4th Quarter
Overview
Q4 represented a continued growth quarter
for EarthStream Sub Saharan African
4
Mining Resources division. With global
markets continuing to provide little certainty,
commodities like Gold and Ferrous Metals are
still proving to be safe havens for investors.
With events like a looming initiative to promote mining Such an initiative will see 300
Greek default, the “buffing” of development in Africa ahead officials brought to Australia
Gold’s appeal would and will of the 2011 Commonwealth from 40 African countries for
continue will it trading between Heads of Government Meeting training, as well as an increased
$1700 and $1750 per ounce in Perth. expenditure on International
even without many clear Monetary Fund programs
indicators. It is this certainty, According to the Australian aimed at providing assistance
coupled with ever increasing Financial Review Foreign on mining. According to the
demand for resources that is Minister Kevin Rudd will use his AFR Australia’s overall current
causing the continued increase keynote address at this week’s and prospective mining
in Exploration and Production Commonwealth Business investment in Africa is worth
activity in Sub Saharan Africa. Forum to unveil a $30 million $42 billion.
initiative to promote mining
On the 24 October the development in Africa.
Australian foreign minister
will announced a $30 million
4. WINGSPAN ISSUE 1
Country Feature
Ghana
Gold production is to continue to drive growth period. The largest of these,
Newmont Mining’s Akyem
in Ghana’s share of global gold production
mine in the country’s Eastern
which has risen gradually in recent years as region will add an additional
foreign investment in the mining sector has 500kozpa to Ghana’s
increased. production when it begins
The country’s contribution Indeed, preliminary statistics operations by end-2013.
to African gold production from Ghana’s Chamber
has grown more markedly of Mines show that the Please click through for some
still, increasing from 14.1% country’s gold production key positions EarthStream
of overall output in 2006 to grew by 2.5% in 2010 to are managing in Ghana:
2.97mn ounces reflecting the
19.7% in 2009 while gaining
positive trend in international
ground on the continent’s Maintenance Planner /Trainer
gold prices over the year.
largest producer, South Gold production will continue
Africa. We expect production to drive industry growth
to continue to trend upwards Senior Exploration Geologist
with several major new
over our mid-term forecast projects due to come online
period. over our mid-term forecast Engineering Manager
Commodity feature
Iron Ore
Steel demand recovered more than anticipated in 2010 and the
forecasted growth, powered by emerging markets, to 2015 and
beyond has meant that Iron Ore is the second biggest commodity
trading in the world.
This has prompted mining Africa and Sierra Leone to It’s no surprise that a large
companies to diversify list a few. Africa’s role in Iron chunk of the investment
more into this sector with Ore is shaping up to be a in African Iron ore stems
large projects emerging long term supplier of the from the Chinese who are
in Cameroon, Republic of commodity with the aptly playing a large role in the
Congo, Mozambique, South labeled “Africa Iron Ore belt”. development of the continent.
5. Issue 1
Candidate focus
Project Director
This quarter our Reference Number: 85248
candidate focus Over 30 years’ experience with EPCM for
is on a Project Infrastructure, Mechanical Maintenance,
(Infrastructure) Electrical and Civil within the Mining sector
Specialist: Australian National (African and Indonesian
experience, willing to relocate)
Excellent understanding of QHE
Remote site experience
Financially Astute
Mechanical Engineer (Degree)
Over 15 years’ experience in Port Rail
Ryan Forbes
EarthStream – Regional Director, Sub-Saharan Africa
ryan.forbes@earthstreamglobal.com
+27 21 422 0851