Watts, Griffis and McOuat Limited

Last updated
Watts, Griffis and McOuat Limited
Private limited company
Industry Engineering
Founded 1962
Headquarters Toronto, Ontario, Canada
Key people
Joe Hinzer, President
Albert Workman, Vice President
Michael Kociumbas, Vice President
Kurt Breede, Vice President, Marketing
Number of employees
15 (2010)
Website www.wgm.ca

Summary

Watts, Griffis and McOuat Limited ("WGM") is one of Canada's longest running independent firms of geological and mining consultants. Headquartered in Toronto, Ontario, Canada, the firm provides professional services to the global mineral resource industry, including exploration project management, property valuations, Mineral Resource and Reserve estimates, National Instrument 43-101 and JORC technical reports, and due diligence reviews.

Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.

National Instrument 43-101 is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities who trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities.

Due diligence legal term

Due diligence is the investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party, or an act with a certain standard of care.

Contents

History

Established in 1962, the firm was co-founded by Murray Edmund Watts, [1] Arthur Thomas Griffis, [2] and Jack McOuat, [3] each of whom have been inducted into the Canadian Mining Hall of Fame. [4] WGM was a founding member of OMESE, the predecessor of CAMESE (Canadian Association of Mining Equipment and Services for Export).

Murray Edmund Watts, was a Canadian mining engineer and prospector. He is known for a series of important ore discoveries in the Arctic regions, beginning at the age of 22,and continuing through a long career.

The Canadian Mining Hall of Fame was conceived by Maurice R. Brown as a way to honor Canada's mine finders and builders, in recognition of accomplishments by leaders in the Canadian mining industry.

The Canadian Association of Mining Equipment and Services for Export (CAMESE) is a Mississauga-based trade organization supporting the export of Canadian mining exploration equipment and services to mining companies around the world. The organization introduces foreign mining companies to Canadian suppliers by publicizing the expertise and success of domestic mining technologies and mining operations.

Locations

Toronto

8 King Street East, Suite 301, Toronto, Ontario, M5C 1B5 Telephone: (416) 364-6244 Fax (416) 864-1675

Beijing

Unit 1107, Full Tower, 9 Dongshuan Zhong Lu, Chaoyang District, Beijing, P.R. China, 100020 Telephone: 010-62241091

Affiliations

Canadian Institute of Mining, Metallurgy and Petroleum organization

The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is a not-for-profit technical society of professionals in the Canadian minerals, metals, materials and energy industries. CIM's members are convened from industry, academia and government.

Professional Engineers Ontario (PEO), up to 1993 known as the Association of Professional Engineers of Ontario (APEO), is the self-regulatory body that governs Ontario's 85,000 professional engineers, and sets standards for and regulates engineering practice in the province. It has a statutory mandate under the Professional Engineers Act of Ontario to protect the public interest where engineering is concerned. It was created in 1922 and is mandated to educating its members to latest developments and maintaining a Code of Ethics that puts the public interest first. Licensed professional engineers can be identified by the P.Eng. after their names.

Related Research Articles

Gilbert LaBine, OC was a Canadian prospector who, in 1930, discovered radium and uranium deposits at Port Radium, Northwest Territories. He has become known as the father of Canada's uranium industry. LaBine was president of Eldorado Mining and Refining from its start in the late 1920s to 1947. He left the company to prospect for uranium minerals as an independent mine developer. In the 1950s he brought the Gunnar Mine to production at Uranium City, Saskatchewan.

Seymour Schulich, OC is a Canadian businessman, investor, author and philanthropist.

Joseph Tyrrell Canadian geologist

Joseph Burr Tyrrell, FRSC was a Canadian geologist, cartographer and mining consultant. He discovered dinosaur (Albertosaurus sarcophagus) bones in Alberta's Badlands and coal around Drumheller in 1884. Canada's Royal Tyrrell Museum of Palaeontology in Alberta was named in his honour.

H. E. T. Haultain Canadian engineer

Herbert Edward Terrick Haultain was a Canadian engineer and inventor.

Rob McEwen, CM is a Canadian businessman. He is the chairman and chief executive officer of McEwen Mining and was the founder and former chairman and chief executive officer of Goldcorp. McEwen followed his father into the investment industry and also developed a passion for gold. As of 2016 he is one of the top one-hundred wealthiest Canadians, with an estimated personal net worth over $800 million.

National Mining Hall of Fame

The National Mining Hall of Fame is a museum located in Leadville, Colorado, United States, dedicated to commemorating the work of miners and people who work with natural resources. The museum also participates in efforts to inform the public about the mining industry.

James Edward Gill was a scientist, teacher, explorer and mine developer. Along with William R. James, Sr. he discovered the high-grade iron ore deposits of Quebec and Labrador. He is remembered for his important contributions in the fields of stratigraphy and Pleistocene geology.

Duncan R. Derry (1906–1987) was an internationally known Canadian economic geologist. He was largely responsible for the creation of the World Atlas of Geological and Mineral Deposits.

Economy of Ontario

The economy of Ontario is rich and diversified. Ontario is the largest economy in Canada, with a GDP twice that of neighbouring Quebec, which is Canada's second largest economy. Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. Ontario's public debt-to-GDP ratio was 38.0% in fiscal year 2016-17, compared to 26% in 2007–2008.

Adex Mining Inc. is a Toronto, Ontario, Canada-based mining exploration company engaged in the development of its wholly owned Mount Pleasant Mine property in Charlotte County, New Brunswick, Canada. According to a Government of Canada report, Mount Pleasant is "North America's largest tin deposit and the world's largest reserve of indium." The company's stock trades on the TSX Venture Exchange under the symbol ADE.

Violet Rita "Viola" MacMillan was a Canadian mineral prospector and mining financier. During her career, she was one of few women in the mining industry, was the first female member and, later, president of the Prospectors and Developers Association of Canada, and the first woman inducted into the Canadian Mining Hall of Fame.

Established in 1932, the Prospectors & Developers Association of Canada (PDAC) represents the interests of the Canadian mineral exploration and development industry. The association is best known for its annual convention and trade show in Toronto. In 2017, the show attracted more than 24,000 attendees from 130 countries. Attendance in 2016 was approximately 22,000 from 125 different countries.

Si Griffis Canadian ice hockey player

Silas Seth "Sox" Griffis was a Canadian athlete of the early 20th century. In ice hockey, Griffis was a two-time Stanley Cup winner, with the 1907 Kenora Thistles and the 1915 Vancouver Millionaires. He is an inductee of the Hockey Hall of Fame.

Dan Hausel a polymath of martial arts, geology, writing, astronomy, art, and public speaking. Hall-of-Fame 10th degree black belt grandmaster of Shorin-Ryu Karate and Kobudo, mineral exploration geologist who made several gold, colored gemstone, and diamond deposit discoveries in Alaska, Colorado, Montana and Wyoming, author of more than 600 publications including books, maps, professional papers and magazine articles, public speaker, artist, former astronomy lecturer for the Hansen Planetarium in Utah, and former rock musician.

Pierre Lassonde, CM, OQ, born in Saint-Hyacinthe, Quebec in 1947, is a Canadian businessman and philanthropist.

Decennial Mineral Exploration Conferences

The Decennial Mineral Exploration Conferences (DMEC) is a Canadian voluntary association dedicated to the advancement of geoscience applied to exploration for mineral resources. The inaugural 1967 conference "Canadian Centennial Conference on Mining and Groundwater Geophysics", held in Ottawa, Canada, was organized by the Geological Survey of Canada as part of the Canadian Centennial. While the original session focussed on mining and groundwater geophysics, the purpose of subsequent conferences expanded to include geochemistry, and other geoscience disciplines as they are applied in mineral exploration.

References

  1. "Inductee info". The Canadian Mining Hall of Fame.
  2. "Inductee info". The Canadian Mining Hall of Fame.
  3. "Inductee info". The Canadian Mining Hall of Fame.
  4. Heffernan, Virginia. "Journalist". The Northern Miner. Business Information Group.

See also