Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Nov. 28, 2011) – The Schulich School of Business at York University today announced the launch of an MBA specialization in the mining industry, uniquely located in Toronto, the mining equity financing capital of the world.
The MBA specialization in Global Mining Management will develop and mentor the next generation of business leaders in one of the global economy’s most vital and challenging sectors. The new specialization will be fully available in September 2012.
“Canada continues to play a critical role in the global mining sector, and Canadian mining companies are key players in responding to the unprecedented growth in demand for metals and minerals,” said Schulich Dean Dezsö J. Horváth, who announced the new program by opening trading on Toronto Stock Exchange this morning.
Canada’s mining industry is among the largest in the world, with some 1,627 mining companies listed on the Toronto Stock Exchange and TSX Venture Exchange as of October 31, 2011. Canadian-listed miners account for 58 per cent of the world’s mining companies and 80 per cent of the world’s mining equity financings have been done on the Toronto exchanges.
Added Horváth: “An MBA specialization in mining is long overdue in preparing future business leaders for a key industry in Canada and around the world.”
Richard Ross, former Chairman and CEO of Inmet Mining Corporation and Schulich Executive-in-Residence, said the Canadian Institute of Mining, Metallurgy and Petroleum approached the School to develop this specialization because of Schulich’s strong reputation as a leader in sustainable business management, its global reach and orientation, and its status as a top-ranked business school in a number of global MBA surveys.
“Graduates of this new MBA mining specialization will see incredible opportunities in the global mining sector due to the looming shortage of knowledge workers,” said Ross. “Businesses that support the mining industry, such as financial institutions, engineering companies, consultants, and accounting and legal firms, will also have a strong interest in recruiting our graduates.”
3 Comments
Shan Rose
Business
Part includes everything that explains why you are doing what you have been
asked to do. What advantage it has to the organisation as a whole?
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It would be a helpful thing for them to apply this kind of specialization for those people who were taking this kind of course in mining. It will be a great asset for them when they will going to work.
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An MBA would provide you with a more wholistic approach of business management, whereas you job will be very specific to one particular or related area. So an MBA would make your basics strong.