What are some key trends and needs you are noticing from your mining clients?

For our major clients, the main focus is on managing declining ore grades and maximizing value from existing operations, especially given the lack of new exploration opportunities. We provide onsite expertise to optimize operations and support expansions. For junior companies, challenges include regulatory compliance, addressing social issues and building credibility with investors. We address these needs by offering end-to-end solutions that help navigate market complexities, which is crucial for securing financing. 

I foresee more activity in extending mine life and a rise in M&A in the coming years. With current gold prices, many major companies are looking to acquire junior companies rather than start their own exploration projects. However, junior companies still face financing challenges, reflecting a broader trust issue within the industry, despite favourable commodity prices. Financing remains a crucial hurdle, and addressing this will be key moving forward. Addressing this reputational challenge requires operators and engineering firms to work together to rebuild trust and improve the overall perception of the sector, ultimately benefitting all stakeholders in the long run.

What is the importance of BBA Consultants' presence in Ontario?

At BBA Consultants (BBA), we prioritize being physically close to our clients to build strong partnerships. This proximity helps us gain a deeper understanding of their specific site challenges and operational needs. By expanding our presence here, we can offer tailored solutions that address local concerns. While Toronto serves as a central hub, many clients prefer partners who are familiar with their specific environments. So, we aim to support them directly from where they operate. We are currently in the process of opening a new office in Thunder Bay. 

How is the mining sector in Ontario approaching ESG and decarbonization?

The initial perception of ESG practices as a financial burden is shifting as more firms incorporate them into their operations. Many leading companies are adopting advanced technologies, such as battery electric vehicles (BEVs) and exploring new energy storage solutions, setting a high standard for the industry. These early adopters are redefining sustainability in mining and serving as role models.

Over the past decade, the focus has shifted from merely adopting new technologies to rethinking operational strategies to reduce carbon footprints. By enhancing operational efficiency, companies can significantly lower their energy consumption. Decarbonization is now viewed not as a series of isolated solutions but as comprehensive strategies that reimagine how mining operations are run.

What role do technological advancements play in consulting for mining?

Technology is transforming traditional practices such as physical surveys. While we have been using scanning technology for over a decade, drones now allow us to cover larger areas more thoroughly, delivering higher-quality data from previously inaccessible angles. However, in more complex consulting scenarios, the effectiveness of technology depends heavily on the quality of the available data. Without accurate data, even advanced tools like machine learning offer limited value. Although these technologies will continue to evolve and make inroads, their role in specialized consulting is still developing.

Are your mining clients effectively collecting and managing their data?

Mining companies have historically excelled at collecting data but have struggled to use it effectively due to insufficient models and computing power. However, recent advancements in technology and analytics now offer new opportunities for these companies to leverage data as a strategic asset. I believe that forward-thinking companies will begin to use their data more effectively. While data collection may seem straightforward, ensuring accuracy and keeping data current is complex and costly, which has made companies somewhat hesitant to invest in it.  This is another area where we can learn from the power utility market, where understanding the operation and performance of every asset is critical, and apply that level of data management to our mining clients.

What are BBA’s upcoming priorities and expansion plans?

Our primary focus is on regional expansion to better support clients, especially in Ontario. This careful and gradual approach ensures we preserve our brand, culture and reputation. Rapid growth can dilute the qualities that contribute to our success, as we have seen with other firms. Our ambitious expansion plans will always be rooted in our commitment to being a specialized consulting firm.