Ardan Risk & Support Services is Growing its Operations
Ardan Risk & Support Services has announced it has improved its operational performance and increased its revenue and profitability.
The company, which is owned by AIM-listed Africa Oilfield Logistics, is further augmenting its business with the announcement of three key appointments.
Ardan now operates through three divisions instead of six and has centralised its internal procurement, logistics and support.
This is improving efficiency and controls, whilst the increased visibility of the end to end offering for clients is providing further cross-selling opportunities.
A new regional operational management team has also been recruited, comprising African focused support service professionals.
To facilitate its continuing growth strategy Lachlan Monro, who has 15 years’ senior management experience in support services, has been appointed Chief Operating Officer.
Barry Lobel, who has 12 years’ financial experience, has been appointed Chief Financial Officer and Brendan Scott, who has 15 years’ construction and support services experience in Africa is the new Projects Director.
Chief Executive Officer Carl Esprey said: “Excellent progress is being made in all areas of the business as we look to solidify our position as one of Africa’s leading and fastest growing natural resource focused support services companies.
“The restructuring at Ardan has translated into increased activity and revenue generation, which we anticipate will be reflected in their next update expected shortly.
“Quality management are crucial in the execution of projects and I am delighted that we have secured both highly experienced professionals to head the business as well as new management who are already making a positive impact.
“With these positive changes and Ardan’s established international client base, the group is well positioned to take advantage of the rapidly increasing demand for support services in Africa.”
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.