"Sourcing Capital Reserves in a small market"
The client, an Australian junior mining company, listed on the ASX with operations in Australia and Chile had recently acquired another company with interesting properties close to their existing operation in the South American country. The company wanted an experienced Geologist with good knowledge of the geology and the mineralisation in Chile, with solid experience in IOCGs and porphyries.
Furthermore, the protagonist needed to be high profiled person in the industry to give confidence to the market. The search was further complicated by the client’s preference, although not a requisite, for an expatriate or a local geologist with extensive international experience, at the time when the commodity prices were at record levels and multinational mining companies were offering large retention bonuses to their good staff.
The initial search identified good solid local candidates with international experience working for either junior or multinational mining companies. However, we felt the shortlist was incomplete without an expatriate. In Chile, no suitable foreign geologist found the position attractive so we investigated previous geologists that were no working abroad and identified one who was head of global exploration for a major.
The foreign candidate was hired after two months of negotiations and as result of the success of the search we were awarded further searches including General Manager and Mine Operations Manager