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November 7, 2012
November 5, 2012
Style meets substance in Rob McEwen | Mining Markets
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Some promotion for $MUX #McEwen Mining
Style meets substance in Rob McEwen
By: Alisha Hiyate2012-10-16
Rob McEwen does things a little differently than other mining CEOs.
For one, the president and CEO of McEwen Mining (MUX-X, MUX-T) doesn’t just court large institutional investors. He also makes himself unusually accessible to retail shareholders.
The master promoter hosts a weekly investor lunch at McEwen Mining’s downtown Toronto headquarters, where shareholders and prospective investors can hear the latest from the company, meet the management team, get their picture taken with the mining mogul, and even leave with a McEwen Mining-branded goodie bag.
“Everybody’s putting money in,” McEwen tells Mining Markets during a mid-August interview. “They’re entitled to ask questions and to get an answer.”
Perhaps his respectful treatment of McEwen Mining’s shareholders is because the former investment banker who founded Goldcorp (G-T, GG-N) in the early 1990s, is one of them, despite his affluence. (He’s donated tens of millions of dollars to the McEwen Centre for Regenerative Medicine and $2.8 million to the California-based X Prize Foundation, which is dedicated to fostering breakthroughs in science and technology.)
McEwen believes that CEOs should own a significant holding in the companies they lead. He owns 25% of McEwen Mining’s 268 million shares outstanding, a position that cost him around $110 million. And although the company he runs bears his name, McEwen doesn’t take a salary.
So when McEwen talks about building shareholder value, it’s not another bromide spouted by a well-meaning executive. As McEwen Mining’s largest shareholder, he really means it.
“When I wake up in the morning, I’m thinking about the share price. When I go to sleep, I’m thinking about the share price — and what can you do to build value,” he said during a panel at an investment conference in Hong Kong this summer. “I think that’s missing in the executive suite of most companies out there.”
You can bet, then, that when McEwen Mining encountered an unexpected cash flow problem this year that required the company to raise money in a very stingy market, its president and CEO gave the solution a lot of thought.
Style meets substance in Rob McEwen
By: Alisha Hiyate2012-10-16
Rob McEwen does things a little differently than other mining CEOs.
For one, the president and CEO of McEwen Mining (MUX-X, MUX-T) doesn’t just court large institutional investors. He also makes himself unusually accessible to retail shareholders.
The master promoter hosts a weekly investor lunch at McEwen Mining’s downtown Toronto headquarters, where shareholders and prospective investors can hear the latest from the company, meet the management team, get their picture taken with the mining mogul, and even leave with a McEwen Mining-branded goodie bag.
“Everybody’s putting money in,” McEwen tells Mining Markets during a mid-August interview. “They’re entitled to ask questions and to get an answer.”
Perhaps his respectful treatment of McEwen Mining’s shareholders is because the former investment banker who founded Goldcorp (G-T, GG-N) in the early 1990s, is one of them, despite his affluence. (He’s donated tens of millions of dollars to the McEwen Centre for Regenerative Medicine and $2.8 million to the California-based X Prize Foundation, which is dedicated to fostering breakthroughs in science and technology.)
McEwen believes that CEOs should own a significant holding in the companies they lead. He owns 25% of McEwen Mining’s 268 million shares outstanding, a position that cost him around $110 million. And although the company he runs bears his name, McEwen doesn’t take a salary.
So when McEwen talks about building shareholder value, it’s not another bromide spouted by a well-meaning executive. As McEwen Mining’s largest shareholder, he really means it.
“When I wake up in the morning, I’m thinking about the share price. When I go to sleep, I’m thinking about the share price — and what can you do to build value,” he said during a panel at an investment conference in Hong Kong this summer. “I think that’s missing in the executive suite of most companies out there.”
You can bet, then, that when McEwen Mining encountered an unexpected cash flow problem this year that required the company to raise money in a very stingy market, its president and CEO gave the solution a lot of thought.
Rio’s Mongolia mine clears major hurdle #OT
Looks like Oyu Tolgoi is finally ready to star producing!
Rio's Mongolia mine clears major hurdle
Financial Times, 8:32am Monday November 5th, 2012--
By Leslie Hook in Tianjin
--
Rio Tinto's $5bn Mongolian copper-gold mine Oyu Tolgoi is set to start producing after finally sealing a deal with China for power supply
Read the full article at: http://www.ft.com/cms/s/0/ce52b3ec-270b-11e2-abcb-00144feabdc0.html
Financial Times, 8:32am Monday November 5th, 2012--
By Leslie Hook in Tianjin
--
Rio Tinto's $5bn Mongolian copper-gold mine Oyu Tolgoi is set to start producing after finally sealing a deal with China for power supply
Read the full article at: http://www.ft.com/cms/s/0/ce52b3ec-270b-11e2-abcb-00144feabdc0.html
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