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Different
geographical areas have different criteria and legislative requirements
for mining activities, different labour environments, different
geological considerations and other diverse
country-specific risks. In order to ring-fence
these varying risk profiles Magatar has structured its operations
along geographical lines. In addition, activities involving own
assets are ring-fenced from contracted activities for third parties.
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This structure
also simplifies: |
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the inclusion
of "local partners", where required; and |
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the
introduction of shareholders to specific segments of the operations
(given that certain investors may prefer not to be exposed to
the risk inherent in all the operations, but would consider
investing in a specific geographical area). |
The
executive management team have combined experience in excess of
60 years in underground mining, the mining equipment industry and
the related engineering industry. The diverse knowledge base of
the management team provides Magatar with the ability to properly
evaluate the commercial and operational risks (and potential rewards)
of each opportunity.
As a niche area of specialization, each of the management members
has been involved in various projects aimed at identifying, researching
and implementing methods to improve efficiencies and productivity
in mining.
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