With the speaker panel including two CEO’s of leading Australian mid-tier miners, there were lively discussions around the role of mergers in business growth and the importance of integration in realising value from acquisitions.
Taking place in the spectacular Elizabeth Quay Ballroom at the Ritz-Carlton on the banks of the Swan, the event commenced with the opportunity for guests to network and enjoy the food, coffee and company. This was followed by a brief welcome speech by Churchill Director, David Prendiville.
“As Churchill continues to grow with over 18 years of experience in the market, we welcome the opportunity to bring together this unique group of industry leaders in a time of significant change for the mining industry and the wider WA economy”, David said as he opened the event.
The panel discussion itself was facilitated by Churchill Director David Lynch, with the speakers including Karl Simich (CEO of Sandfire Resources) and John Welborne (CEO of Resolute Mining). Much of the commentary was in relation to the impact of COVID-19 on operations, with valuable insights from these two executives.
They also covered strategic drivers and objectives involved in acquisitions; and what made Resolute’s Toro and Sandfire’s MOD integrations successful. Churchill worked closely with both companies on these post-merger integration projects. “The successful integration of a new acquisition is reliant on having a solid operating platform and team with a mindset to adapt to constant change”, stated John Welborn when asked about key learnings from Resolute’s acquisition of Toro Gold in 2019.
The rising trend of strategic M&A in driving mining business growth was a key takeaway from the event, as was the need for extensive consideration of post-merger activities.
“Our experience working closely with clients over the past 12 months is that M&A is a growing value lever for mid-tier miners in the WA market”, said David Lynch.
“The opportunities of international expansion into regions like Africa, coupled with the challenges presented by COVID-19, mean that effective execution of strategic growth projects have never been so important.”