For the second year in a row, the RCF sponsored University of Western Australia (“UWA”) Business School has won the Schulich International Case Competition at the Prospectors & Development Association of Canada (“PDAC”) convention in Toronto.
The competition requires University and Mining School teams from around the world to submit an essay in response to an industry related question. The top 20 teams travel to Toronto to present their reasoning to a panel of industry judges before the top four teams compete in front of a larger audience at PDAC convention.
In this years’ essay question, competitors were required to identify, ‘What are the most important factors contributing to sustainable strategies for mining companies?’
RCF Managing Partner, James McClements, said that the competition was a valuable way to explore how young people entering the mining industry can create value by prioritizing mining project investment and in the process create sustainable strategies.
“RCF is very proud of the UWA Business School team, who as the next generation of mining industry professionals are making valuable contributions to mining investment and sustainable strategies,” said Mr McClements.
“The competition explores the concept of strategic investment and that mining projects, particularly in today’s challenging metal price environment, face difficult decisions about how to allocate capital to a wide range of initiatives to ensure their sustainability today and well into the future.”
“Sustainable strategies include all aspects of a business from sound environmental management practices through to prudent financing strategies. Sustainable companies do not view any one of these decisions in isolation. Good companies make good decisions across all aspects of their business.”
UWA Business School’s 2016 team was called ‘Team Manganese’ and comprised Matthew Horgan (Team Captain), Timothy Andrews, Jessica Volich and Jessica Harman. First prize was C$10,000 and it was the business school’s second consecutive win and in 2014, their first year of entry, they were runner-up. The RCF sponsorship included travel and accommodation for the competitors to Toronto from Perth, Australia.