Collins Barrow

Mining Sector

Jul 17, 2013

The mining industry in Canada remains a global leader in productivity, innovation and economic impact. We are the right partners to bring greater financial clarity and guidance in this ever changing industry.

 

Approximately 75% of the world’s mining and exploration companies call Canada home and without question, this country continues to be a global leader for mining finance.

 

Today, the industry faces many challenges that range from adapting to new accounting standards and developments, dealing with the Canadian mineral taxation regime, addressing the requirements of corporate governance, understanding and capitalizing on the trend of market consolidation and building sector specific strategies to keep competitive in this new economy.

 

The audit, tax and transaction professionals at Collins Barrow have the necessary expertise developed over years of advising both public and private mining companies. We offer dedicated partners and professional staff who will devise the right solutions in an industry that is essential for Canada’s continuing prosperity.

 

 

Unearthing the Possibilities

 

At Collins Barrow, we understand the mining sector having served those who explore, produce and service the industry.

We recognize that the mining sector has its own set of opportunities and financial challenges including: contending with a changing political and regulatory environment; an increased level of merger and acquisition activity; resource depletion; and even the geographic obstacles related to dispersed operations and the movement to remote or extreme locations in search of new assets. Our mining sector professionals understand and address these issues.

 

We serve junior exploration companies to large multinationals and offer a wide range of audit, tax and advisory services to both public and private companies including:

• Advising for the appropriate accounting treatment at all phases of operation, exploration, production and closure;

• Addressing new and/or changing accounting standards and developments either for the effective transition to

• International Financial Reporting Standards (IFRS) or the United States Generally Accepted Accounting Practice (U.S. GAAP);

• Responding and reporting to the Ontario Securities Commission;

• Effectively dealing with the Canadian mineral taxation regime including unearthing opportunities to devise and implement tax minimization strategies and managing overall tax exposure;

• Providing transaction and valuation advice including accessing the capital markets to leverage and benefit from the merger and acquisition activity or to simply deal with the capital intensive strains characteristic of the industry; and

• Delivering appropriate and actionable risk mitigation strategies focused on both sector and company considerations including the implementation of controls, improving operational efficiency, enhancing management reporting, providing hedge accounting and addressing other business and stakeholder issues.

 

We have extensive experience in helping our mining clients through globalization, increased competition for new mineral properties and the movement to environmental consciousness and compliance. As a result, clients are confident that we understand the important industry issues and will respond quickly and appropriately.

 

At Collins Barrows, you can expect partner attention, accountability, consistent audit methodologies, a multi-disciplinary approach and, most importantly, a commitment to clarity. Speak to a Collins Barrow mining sector leader today.


Source: http://www.collinsbarrow.com/en/cbn/industries/mining-sector