Mining graduates call for a tenement turnover

University of Western Australia and Curtin University graduates, driven by the pinch of the mining industry, have created a website to help mining companies sell non-core mining tenements.

Gregory Harrold and Chris Lyche, from Perth, have created a simple way for buyers and sellers of mining tenements to connect on one website.

www.miningdepositsww.com is open to global buyers and sellers – delivering much needed cash to tenement holders. Mining tenements are the ‘blocks’ of land that gives the owner the right to mine on that land.

With clients in Australia, America and Africa, tenements are open to companies and individuals looking to develop the sites.

Harrold and Lyche, both geologists, have experienced the pinch and job-losses caused by the recent downturn in mining.

“Basically the website aims to make global tenements accessible to buyers and sellers, and best of all it is free for buyers to view all the tenements listed” Mr Harrold said.

“A lot of companies will sit on unused tenements for months or years – when they could be selling their non-core tenements and making money.”

Harrold said the Australian mining-boom created a surge in tenement portfolios – many of which were never developed.

“Now, many companies just can’t afford to keep non-core tenements without developing them,” he said.

“There huge potential for holders to sell non-core tenements and save money.”

Harrold and Lyche are encouraging mining companies to start developing unused tenements, through a joint venture or making a sale.

To view the website, visit www.miningdepositsww.com.