CONSULTING FIRM FOR THE AUSTRALIAN MINING AND RESOURCES SECTOR

 

 

 

IAN C DAYMOND

INDEPENDENT PUBLIC COMPANY DIRECTOR

 

 

Email: ian@daymond.com.au

Mobile: +61 (0)413 878 200

Skype: iandaymond

 

Daymond Consultants Pty Ltd ACN 115 008 190 provides specialised and cost-effective consulting services in the Mining and Resources Sector. 

Arts and Law Degrees - University of Sydney 

Admitted as a solicitor to the Supreme Court of NSW in 1974 

Admitted as a barrister and solicitor of the Supreme Court of Victoria in 1981 

Practised as a corporate and commercial lawyer from March 1974 until 30 June 2015 mostly in Sydney. 

Gained extensive exploration, mining and corporate governance experience in Australia and internationally, including southern Africa since 1989. 

National Chairman of the Australia - Southern Africa Business Council 2002–05. 

Honorary Consul for Republic of Botswana in NSW, Australia since 2007. 

Australia-Africa Mining Industry Group which promotes corporate social responsibility amongst Australian mining companies with activities in Africa – member since 2012.

Former member of associations related to corporate law, mining and mining law: 

Corporate Lawyers Association of NSW 

AMPLA 

Resources, Energy and Environmental Law Committee of the Law Council of Australia. 

Familiar with Botswana, South Africa, Namibia, Zimbabwe and Mozambique. 

Active in gold, copper, platinum group metals, diamonds, graphite, gas, coal and iron ore sectors. 

Wide contacts in mining, law, tax and accounting, finance, stockbroking, the diplomatic community and in southern Africa. 

Collaborates with other professionals in transaction management for mining companies. 

Directorships 

Ian has served on a number of public company boards as an independent non-executive director, gaining extensive commercial, financial and governance experience and is currently: 

Non-executive chairman of ASX- listed Mustang Resources Ltd with diamonds and graphite projects in Mozambique 

Non-executive chairman of Jimpec Resources Pty Ltd with farm-in majority rights to iron and manganese tenements in the Northern Territory. 

Previous directorships include: 

Hill End Gold Ltd – non-executive director 2009–13; gold explorer and small producer. 

ActivEX Ltd – non-executive chairman 2006–13; gold and copper explorer in Queensland. 

International Base Metals Ltd – non-executive director 2002–08 - unlisted copper exploration company with projects in Namibia. 

Copper Range Ltd (now Antares Mining Ltd) – non-executive chairman 2006–08 when it had copper exploration projects in South Australia. 

ElDore Mining Corporation Ltd – non-executive chairman 2005-06; gold explorer in the Philippines. 

Previous employment

Daymond Lawyers Pty Ltd – principal director 2006-15. 

Horton Rhodes – partner then special counsel in Sydney 2003-06 – focussed on mining and resources. 

ResourcesLaw International – partner in Sydney 2001–03 – focussed on mining and resources. 

Delta Gold Ltd – General Counsel and member of senior management 1989–2001 – small gold explorer developed into one of the largest gold producers in Australia by 2001 and was one of the first Australian mineral explorers to become active in Africa as a producer of gold and, through Zimplats Holdings Ltd, platinum group metals in Zimbabwe. 

Previous positions:

Hunter Resources Ltd – legal and commercial manager in Sydney 1986–89

Coudert Brothers – solicitor in Sydney 1986

Minter Simpson & Co – senior associate in Sydney 1983–86

Western Mining Corporation Ltd – corporate solicitor in Melbourne 1980–83

Morgan Grenfell Australia Ltd – merchant banking executive in Sydney 1978–80

Allen, Allen & Hemsley – solicitor in Sydney specialising in mining 1977–78

Lovell, White & King – legal work in London 1975–76

Emil E J Ford & Co – solicitor 1974-75

Ebsworth & Ebsworth – articled clerk in Sydney 1972–73

Particulars of resources experience

Over the years and besides his directorships, Ian has been involved with many mining projects and is familiar with the practical aspects of major international restructuring, financing and tax issues in the resources sector. 

Some of the more interesting projects and matters he has worked on are as follows:

  • Acted for Kennecott Explorations (Australia) Pty Ltd (1977-78)

  • Associated with the ASX floats of Oil Company of Australia NL and Australian Hydrocarbons NL (1979-80)

  • Member of the Morgan Grenfell financial advisory team for Woodside Petroleum on the North West Shelf Gas Project (1978-80)

  • Olympic Dam Copper/Gold/Uranium Project (1980-83)

  • Proposed purchase by WMC of Blair Athol coal interests (1982)

  • Members’ voluntary winding up of BH South Ltd (1982)

  • Establishment of the Uranium Enrichment Group of Australia Joint Venture (UEGA) between BHP, WMC, Peko-Wallsend and CSR (1982)

  • Duchess phosphate/fertiliser project (Queensland) (1980-83)

  • Legal supervision of all the corporate and project financing activities of WMC (1980-83)

  • Eurocurrency loan agreements and eurobond issue and other capital raisings for WMC, Hunter Resources and Delta Gold

  • Benambra base metals project in Victoria ( 1980-83 and 1986-89)

  • Prospectus preparation and ASX listing of Cracow Gold Ltd (1984) and AUR NL (1985)

  • Acted for the trustee of the BA Petroleum Explorers Trust (1984)

  • Acted for PNG Government on OK Tedi Project (1984-85)

  • Acted for various stockbroking firms on underwriting agreements for gold companies (1984-86)

  • Mertondale Gold, Western Australia (1986-89)

  • Harbour Lights Joint Venture (1987)

  • Takeover of Technomin Australia NL and administration of extensive mineral exploration portfolio (1986-89)

  • Successfufl defence to takeover offer for Hunter Resources Ltd from Jason Mining NL (1987)

  • Dextec/Intec metallurgical process licensing and funding of pilot plant (1986-89)

  • Hartley Platinum JV BHP - Delta (1990-99 Zimbabwe)

  • Granny Smith JV Placer - Delta (1989-2001 WA)

  • Kanowna Belle JV North Limited - Delta (1989-2001 WA)

  • Hartley Platinum Mining Agreement with the Government of Zimbabwe (1991-94)

  • International corporate restructuring of the platinum interests of Delta in Zimbabwe (1990-96)

  • The sale of Delta's interests to Zimbabwe Platinum Mines Limited (Zimplats) and the subsequent de-merger and listing of Zimplats on ASX (1998)

  • Acquisition by Zimplats of BHP's platinum interests in Zimbabwe (1999)

  • Merger discussions between Acacia Resources and Delta Gold (1999)

  • Public company takeover by Delta of Ross Mining NL (2000) and the subsequent successful A$70 million political risks insurance claim for the Gold Ridge Mine in Solomon Islands (2001)

  • Major corporate financings by Delta Gold, gold loans and gold bond financings and related gold hedging arrangements (1989 – 2001)

  • Advice to minority shareholders in Zimplats Ltd (2002-6)

  • Primarily responsible for the legal work and chaired the due diligence committee connected with the ASX base metals float of Tri Origin Minerals Limited -$5.4M raised (2003-04)

  • Advice to Vietnam Resources Corporation Ltd (now Axiom Mining Ltd), a Hong Kong company, generally and in respect of a proposed IPO and listing (2001-04)

  • Takeover of unlisted Great Mines Ltd by Citigold Ltd (Charters Towers Gold Mines 2003)

  • Acting for major Canadian gold producer re proposed purchase of Gold Ridge gold project (2004)

  • Sale of oxide copper interests from International Base Metals Ltd to Avon Resources Ltd (renamed CopperCo Ltd) (2004)

  • Advice to Neptune Resources Pty Ltd re incorporation and IPO and London AIM listing (2005) of underwater gold and base metals interests offshore New Zealand

  • Major involvement in the seed capital raising and IPO and ASX listing of ElDore Mining Corporation Ltd with gold interests in the Philippines (April-October 2005)

  • Capital raisings and acquisitions for International Base Metals Ltd with copper exploration projects in Namibia (2002-2008)

  • Integral part of management team of Canadian listed group aiming to list significant coal and gold mining and exploration interests in southern Africa on London AIM later in 2006.

  • Advice to Compass Resources Ltd (2008) – base metal projects in Northern Territory.

  • Acting for various private groups in mineral exploration activities in Australia, southern Africa, USA Canada and Brazil and proposed capital-raisings, listings. backdoor listings and re-listings.