CIM MES Vancouver is pleased to present:
who will deliver a presentation on:
Beyond Boom and Bust – De-commoditization of Managing Mining Price Cycles
Mineral companies are subjected to the constant ups and downs of commodity and business cycles affecting their bottom lines. While companies enjoy record profits and are in an expansionary mood during the boom, most are caught unprepared by recession, forced to undergo painful downsizing in order to survive. Industry participants often grapple with the perennial challenge of how to limit the perils of a recession without foregoing the gains achieved during the bull market.
This presentation shares an approach to this elusive task developed over 45 years of living through numerous economic cycles. Mining companies followed the same undistinguishable strategies to manage the cycle always resulting in predictable outcomes. The presentation proposes simple alternatives to this “commoditized” approach to manage the business. Most mining companies can successfully implement them if their Leadership is ready to embrace a paradigm shift and commits to change the culture to sustain the continuous improvement process.
Biography: Bish Chanda earned a bachelor degree in Civil Engineering in his native India and was accidently drawn into a mining career when he immigrated to Canada in 1967. After some time in Consulting Engineering offices, in 1972 he joined the Iron Company of Canada’s Sept-Iles operations when the industry was in its cyclical peak. He was relatively unscathed during the 1973-74 recession caused by the first oil shock that decimated US steel companies, but the aftermath of the second oil shock in 1979-80 affected IOC hard with mine and plant closures and massive lay-offs which saw Bish take on a number of management positions including marketing and strategy. In the late 1980s Bish played a leading role in IOC’s pioneering initiatives to implement its quality management system, which led to the establishment of the SPC, Continuous Improvement (CI) process and registration to ISO-9001.
In 1997, Bish took early retirement to start an international Consulting career. In 2002, he co-founded an iron ore development company, later listed as New Millennium Iron (NML). As Senior VP – Marketing & Strategy he was involved in project development and liaison with the market and investment communities.
He retired from NML in 2015 and devotes his time as a Consultant in the change management and mining project development fields. He has been associated with CIM since the early Eighties, at the branch and national levels. He took part in organizing several conferences, chaired and make presentations in various sessions on CI. He has authored an on-line Edumine course titled “Achieving Sustainable Improvement Through Behavior Change”.
Please join us!
Tuesday, 23 May 2017
4:15 – 6:00pm
4:15 pm – Registration
4:30 pm – Presentation and Q&A
5:55 pm – Closing Remarks
Segal Graduate School of Business – Simon Fraser University
500 Granville Street, Vancouver, BC
Room 2300 (Rix Family Boardroom; situated on the 2nd floor)
Seminar is complimentary and seats are limited. Register by Monday, May 22, to secure your place. Please RSVP by replying to Vancouver@cim-mes.org if you are interested in attending. This is an excellent networking opportunity and there is no charge to attend.
So we can service all who are interested and able to join us please register if you are confident that you are able to join us then. Thank you for your understanding.
Thank you to our sponsor, Simon Fraser University’s Segal Graduate School of Business, for providing the space!
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