Inco
Limited
“Given my career
at Inco I worked closely with Stuart Feiner and Joe MacDonald and very much
valued the significant contributions they made during their time at
Inco and Vale. Joe brought a breadth of experience to the position of head of
insurance and risk management. I have had the opportunity of working with a
number of small and mid-cap mining companies over the past few years and
clearly recognize the value of the outsourced services that
GeoResources can provide to these and a range of other companies who do not
have full-time dedicated risk managers in-house.”
Scott Hand - Current Executive Chairman of the Board of
Royal Nickel Corporation; Past Chairman and Chief Executive Officer of Inco
Limited
Sherritt
International Corporation
“During
my time at Sherritt, including while President and CEO, I worked closely with
Joe MacDonald in his capacity as risk manager and very much valued the
significant contributions he made during his tenure with the company. Joe
brought a breadth of knowledge and experiences to the risk manager position,
adding value and contributing to Sherritt’s ability to achieve its objectives
and grow as a company. I am fully confident of the value that GeoResources Risk
Solutions will provide to their clients.”
Dennis
Maschmeyer - President and CEO (Retired)
Sherritt International Corporation
GlobeStar Mining Corporation “I have been in the global mining and metals business
for over 25 years, both with large cap and smaller cap companies. While I was
CFO of a smaller cap mining company, GlobeStar Mining, developing a
copper-gold-silver project in the Dominican Republic I saw firsthand the real
benefits of utilizing the services of the principals of GeoResources. I had
worked with Stuart Feiner while he served on the board of GlobeStar and with
Stuart’s input I retained Joe MacDonald to undertake a comprehensive review of
our insurance program. Joe’s analysis and recommendations were invaluable to us
as we sought to put in place the most cost-effective risk management program.
There was no question that the benefits of taking advantage of the outsourced
services GeoResources can provide enabled us to reduce our insurance premiums
and put in place the best possible risk management program to address all of
the key risks we needed to consider with our project in the Dominican Republic.
There is no question that I would bring in GeoResources to provide the services
it offers as I get involved in future mining projects around the globe.”
Dave Massola - Current President and CEO Continental
Nickel Limited; Past Senior Vice President Finance
and CFO of GlobeStar Mining Corporation
Global Risk Consultants
Inc. “As a risk engineer consultant I have
worked closely with Joe MacDonald on a number of mining and metal processing
projects. Through his ability to understand the technical aspects of these
processes and operations, I found that Joe added value in the identification
and assessment of risks and hazards as well as alternative risk treatment
measures to employ. Joe brings a breadth of risk management knowledge and
experience to GeoResources Risk Solutions Inc. I have had the opportunity of
working with a number of small and mid-cap companies over the past few years
and believe that the outsourced services that GeoResources can provide would be
of significant value to such companies who do not have full-time dedicated risk
managers in-house.”
Michael J Sheen -
Canadian Operations District Manager,
Global Risk Consultants (Canada) Inc.
AON Benfield
“I
have known and worked with Joe MacDonald since 2004 when he became Director,
Risk Management for Inco Limited. During that time we worked closely together
on captive insurance programs (property and marine) and Joe demonstrated
consummate knowledge of all aspects of the risk management process,
particularly risk assessment and risk financing. He also has extensive
knowledge of and relationships with the insurance and reinsurance markets. In
his position with GeoResources Risk Solutions Inc. he is well able to provide
thoughtful, valuable and insightful analysis to small and mid-tier companies
within the mining and natural resources industry sector.”
Peter V.
LeResche - Director, Aon Benfield
Ark
Syndicate Management Limited (Lloyd’s of London) “Joe MacDonald represented all that is good
in a Risk Manager, whether that be in the controlling of the risks arising out
of the operation of mid-cap and large multinational mining and natural resource
companies or in negotiation with underwriters. Joe had an ability to view any
proposition from all sides and whilst this made negotiations hard they were
enjoyable. Those who assumed risk managed by Joe would never be short of
information and Joe could explain the most complex processes in simple terms,
something underwriters appreciate. All of that and he is a thoroughly nice
bloke and rounded individual. I believe that Joe in his role with GeoResources
Risk Solutions Inc. will provide significant value to small to mid-cap mining
and other natural resource companies who do not have full-time dedicated risk
managers in-house.”
David Foreman - Group Director of Underwriting, Ark
Syndicate Management Limited (Lloyd’s of London)