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Natural Resources

As the global demand for energy increases, both multi-nationals and new entrants into the oil and gas sector are seeking to unlock new sources of hydrocarbons. Advances in drilling and extraction technologies have allowed previously uneconomic fields and reserves to be developed whilst new geographic locations such as East Africa, the Arctic and the South Atlantic are being explored in a bid to add new acreage.

With global demand for metals and minerals being driven by emerging market economies, mining companies are seeking to meet future demand by adding new reserves through long-term investment and acquisition. To shield themselves from fluctuating global metal and ore prices, mining companies are looking to diversify their metal and mineral portfolios whilst keeping a vigilant eye on production costs.

At Crowe Clark Whitehill, we have practical experience working with natural resources companies at all stages of their development, from single asset/single location explorers to multi-national producers. Our team has the expertise and capacity to take on all challenges, national and international. We take pride in building long-term relationships. We believe that listening and learning about your business and being experts in the sector is crucial to ensure you receive the best possible service. Working together in partnership, we understand your organisation better and help you navigate the complex challenges you face, acting as trusted advisers with a genuine interest in your business.

See our services below on how we can assist you and your business. 


Stephen Bullock – Head of Natural Resources
Tel: + 44 (0)20 7842 7166
Mobile: +44 (0)7714 700 657
Email: stephen.bullock@crowecw.co.uk 


Robin Stevens – Partner, Corporate Finance
Tel: +44 (0)20 7842 7166
Mobile: +44 (0)7787 112 059
Email: robin.stevens@crowecw.co.uk 


Paul Blythe – Director, Corporate Finance
Tel: +44 (0)20 7842 7231
Mobile: +44 (0)7876 282 728
Email: paul.blythe@crowecw.co.uk 


David Mellor – Partner, Tax
Tel: + 44 (0)20 7842 7391
Mobile: +44 (0)7801 140 568
Email: david.mellor@crowecw.co.uk 


Leo Malkin – Partner, Audit & Assurance
Tel: + 44 (0)20 7842 7245
Mobile: +44 (0)7795 554 932
Email: leo.malkin@crowecw.co.uk  


Matthew Stallabrass – Partner, Audit & Assurance
Tel: +44 (0)207 842 7212
Mobile: +44 (0)7736 659 186
Email: matthew.stallabrass@crowecw.co.uk 


Joseph Archer – Senior Manager, Audit & Assurance
Tel: +44 (0)207 842 7248
Mobile: +44 (0)7500 869 482
Email: joseph.archer@crowecw.co.uk 

Audit and financial reporting
  • UK statutory and international audit.
  • GAAP and IFRS conversions.
  • Financial reporting advice.
 		 Capital markets and transaction services
  • Reporting accountant services.
  • Due diligence.
  • Acquisitions and disposals.
  • Cross-border M & A.
  • Capital raising and refinancing.
  • Public to private and delisting.
 
Taxation
  • Corporate tax compliance.
  • Tax structuring and advice.
  • Transfer pricing.
  • Shareholder and director tax services.
  • Employment taxes.
  • VAT planning.
 		 Business advisory
  • Outsourced accounting and payroll.
  • Registered office services and branch office
    filings.
  • PAYE settlements and compliance reviews.
  • Forensic accounting and investigations.
  • Royalty and licensing audits.
 
Advice for shareholders and directors
  • Share scheme planning.
  • Share valuations.
  • Senior management incentivisation.
  • Wealth management and personal financial planning.
  • Pension planning.
  • Expatriate and high net worth tax. planning.
  • Estate and trust planning.
 		 Assurance and risk
  • Corporate governance advisory.
  • Risk management frameworks and
    processes.
  • Corporate strategic, operational and
    compliance consulting.
  • Internal audit partnering.
  • Outsourcing and advisory services and
    benchmarking.
  • Internal financial control effectiveness reviews.
  • Sarbanes-Oxley S404.
 

The members of our Natural Resources group have extensive experience of the resources sector.

  • Group audit of a UK Full List upstream international oil & gas company whose assets are principally in India. Its portfolio includes a blend of exploration, appraisal, development, and production assets.
     
  • Reporting accountant to £42 million placing and introduction to AIM of an oil & gas company with exploration interests in onshore Mozambique and offshore Mozambique, Kenya and Tanzania.
     
  • Reporting accountant to the reverse acquisition and re-admission to AIM of the owner of a producing gold mine which contains 680,000 ounces of gold reserves and 4.3 million ounces of gold resources.
     
  • Tax structuring of an AIM listed group with diamond mining and development interests in Botswana and Lesotho.
     
  • Group audit of a UK AIM listed independent oil & gas exploration company with a portfolio of exploration and production assets in Italy and Indonesia.
  • Reporting accountant to £5 million placing and admission to AIM of a diamond mining and exploration company with two alluvial projects in production in Guinea, and rights over four high-grade kimberlite projects in Sierra Leone and Guinea at various stages of development.
  • Group audit of a UK AIM listed company developing a major underground natural gas storage facility in northern Italy, as well as upstream oil & gas resources in Italy and Tunisia.
     
  • Group audit of a UK based AIM listed exploration company with a portfolio of high quality concessions prospective for high-grade epithermal gold and silver in Nicaragua and El Salvador in Central America.
     
  • Reporting accountant to placing and introduction to AIM of a junior resource company currently the holder of the largest area of gold mineral exploration ground in Guinea.
     
  • Tax advice to an AIM and TSX listed gold mining and exploration company involved in the evaluation, development and mining of gold deposits in Brazil.
     
  • Financial due diligence in support of a €7.1 million fundraising for a company quoted on the Open Market of the Frankfurt Stock Exchange and engaged in the exploration and development of rare earths with a principal asset in north-western Madagascar.
     
  • Reporting accountant to fast track introduction to AIM of an NSX listed resource company with uranium, gold, copper and other base metal interests in Namibia.
     
  • Tax advice to AIM listed company with copper and gold exploration tenements in the Solomon Islands and Australia.
     
  • Audit of UK Full List company with zinc-copper-lead deposit in North Wales with a total historical resource in excess of  7 million tonnes at over 9% combined copper, lead and zinc and a substantial interest in a TSX listed miner of iron ore deposits in western Labrador and north-eastern Quebec.
     
  • Introduction to AIM of a provider of asset integrity, HSE, quality assurance, quality control and engineering services to leading national and multinational oil and gas companies in 36 countries worldwide.
     
  • Tax advice to an AIM and Botswana Stock Exchange listed copper production and exploration company, currently focused on Botswana.
     
  • Audit of a private company engaged in trading, lifting, bunkering of crude oil and petroleum products, tanker, and vessel broking and related activities in Nigeria.
     
  • Tax advice to a AIM and TSX listed junior mining company copper and gold mining assets in Newfoundland and Labrador, Canada.
     
  • Audit of an emerging near-term thermal coal production and development company with assets in South Africa of over 1.8 billion tonnes of JORC compliant coal resources across three thermal coal projects and two coking coal projects.
     
  • Audit of a mining company with copper exploration and development projects in the Democratic Republic of Congo. 
Sovereign Mines of Africa Plc – placing and admission to AIM – July 2011

Sovereign Mines of Africa plc is a junior resource company focused on unlocking the vast mineral resource potential of the African continent in partnership with African governments. It has entered into partnership with the Government of the Republic of Guinea, which assisted the company in the selection of its permit areas. Sovereign is currently the holder of the largest area of gold mineral exploration ground in Guinea. Crowe Clark Whitehill acted as reporting accountant when its shares were admitted to trading on the AIM market of the London Stock Exchange in July 2011.

"Crowe Clark Whitehill acted as reporting accountant to our recent fundraising and admission to AIM. The team was pro-active and responsive and I would certainly recommend them to other resources companies."

Nathan Steinberg, Finance Director, Sovereign Mines of Africa plc

Tantalus Rare Earths AG – fundraising – April 2011

Tantalus Rare Earths AG is a German incorporated holding company whose subsidiaries are engaged in the exploration and development of rare earths. Its principal asset is an exploration project located in north-western Madagascar and its shares are quoted on the Open Market of the Frankfurt Stock Exchange. Crowe Clark Whitehill carried out financial due diligence in support of two share subscriptions to raise in aggregate €7.1 million in April 2011.

"Crowe Clark Whitehill brought a pragmatic and commercial approach to our fundraising which contributed greatly to its successful outcome."

Paul Richards, Executive Director, Tantalus Rare Earths AG
 
Contact Us
Stephen Bullock
London
+44 (0)20 7842 7166

Sovereign