Re: York University
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HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: York University
Mining gets its first MBA specialization
Health care has one. Real estate, too. Now it's mining's turn.
Prodded by the Canadian Institute of Mining, Metallurgy and Petroleum, York University's Schulich School of Business has launched Canada's first MBA mining specialization.
Considering that mining is such a crucial part of Canada's economy, it's a bit surprising that something like this wasn't launched sooner.
However, Schulich believes it isn't too late, and as of September, 2012, its MBA students will be able to enroll in a global mining management specialization.
To help launch the program, Schulich has enlisted some mining veterans, including Richard Ross, Inmet Mining Corp.'s former chairman and chief executive officer, who is an executive-in-residence at the school.
The mining industry faces a shortage of skilled workers, and that has sent its costs soaring as the firms fight over a limited supply.
Though miners already recruit undergraduate engineers, they have a hard time targeting people with business and sustainability mindsets
12 comments
Dean Lewis1
9:28 PM on November 29, 2011
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This program is progressive and I think beneficial for its future students and for the mining industry as well. Marcel, I think you're seeing this as a gateway for the graduates to simply deal with accounting and risk management for mining but there is so much more to being able to connect an MBA to the industry, especially in resource finance. None of us know what's entailed in the program obviously but York's business school is definitely credible to go to for educating this new MBA. This isn't necessarily for miners who come from engineering, but I think it might be targeted more so for commerce or management students who are interested in the finance and research of resources. It's a growing industry that may see a slowing in the next few years, but I'm very optimistic to see what this program has to offer.
3:47 PM on November 29, 2011
Not so fast Obrien. Mining MBAs would likely prove useful in Finance, Corp Dev/Strategy, HR, etc. Basically, most of the HQ white collar departments, especially at the larger miners.
3:54 PM on November 29, 2011
offering mining mba when ur engineering program does not offer mining engineering is daft - could be lots of synergies between those two programs - queen's should be offering the mining mba, for example, or mcgill or UBC or UofT
carry on
Name withheld
bsretail
4:28 PM on November 29, 2011
Given it's done through the b-school it will obviously have a business angle. As mentioned above, this program probably makes more sense for hopeful financiers (research or banking) then it does for operations guys assuming no significant previous experience. I imagine Bay street will be very interested in these students and I've heard some heavyweights from the street may be involved in the program.
1:18 PM on November 30, 2011
Two points:
1) Not everyone in the program is meant to be an engineer. Look at the former CEO they hired, he has an accounting background and developed a successful company
2) It's a graduate program and they can easily draw students from elsewhere, not just their own engineering school.
3:53 PM on November 29, 2011
The last think mining needs is more risk mitigating MBA's on staff. There comes a time in every project when you have to stop and shoot all the accountants to get any work done.
5:05 PM on November 29, 2011
I would have thought that Queens or the UofA would have offered the MBA since they both also train miners. York seems to be a poor choice.
1:51 PM on November 30, 2011
Schulich is quite forward thinking with this program. Queens and UofA are the ones who have made poor or no choices.
3:24 PM on November 29, 2011
A quick survy of the job boards tells me that this program is of little use. It seems to me that the options to graduates are a) equity analyst, where you don't have to specialize, and b) mining operations, where the employer cares more about mining experience.
3:54 PM on November 29, 2011
Option C is mining analyst for a major bank or brokerage firm, where you actually have to know what you are doing, and these sort of openings do not appear on job boards... lol
1:20 PM on November 30, 2011
And this is exactly why you don't confine your career search to job boards.
1:49 PM on November 30, 2011
As far as I know, mining firms are very interested in this program and its graduates. Strong graduates will have no problem finding good jobs in the mining industry.
http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/mining-gets-its-first-mba-specialization/article2253642/
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