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Ken recently joined the MineSpans team following a long career covering the global metals and mining markets. Ken began his career as an analyst covering base, precious and steel companies for Prudential Securities. He then worked for several investment funds both as analyst and portfolio manager. For the last eight years, he worked with Bloomberg Intelligence, building a global metals and mining research platform from scratch to what is today the 325+ member Bloomberg Intelligence group. Ken is well known for his forward looking views on global metal markets, especially China’s impact on the world of metals, and frequently speaks on these topics both at conferences and on TV.
In her current position at McKinsey, Liesbet is responsible for the iron ore market analysis within the McKinsey Basic Materials Institute, including management of the iron ore cost model. Beyond, iron ore, Liesbet also follows trends in broader mining industry capex and contributes to strategy and due diligence assignments. Prior to joining McKinsey in 2012, Liesbet spent six years at ArcelorMittal where she was focussed on value-in-use for iron & steel production, as well as raw material logistics planning.
Marcelo currently leads the MineSpans copper work on all related critical market dynamics, including historical cost curve and cost driver behaviours. His responsibilities include work on grades, the overall supply and demand outlook, as well as market behaviour for core by-product commodities. Marcelo has worked on a range of commodities including copper, iron ore, steel, aluminium, nickel, potash, phosphates, rare earths, niobium, tantalum and brings. Prior to joining McKinsey in 2010, Marcelo worked for a major iron ore mining company in Brazil where he was responsible for planning and supervising tests to optimize mining and metallurgical processes.
Carlos Cardenas manages the IHS Markit Country Risk Americas team, and is responsible for the generation of commercially relevant political and violent risks forecasts for a variety of sectors in Latin America, including energy, mining and re-insurance. Carlos specializes in assessing the business environment for several countries in Latin America, covering key risks affecting current or potential investors. These include expropriation, non-payment, contract frustration, civil unrest, business disruption, security and operational risks. Carlos briefs clients interested in Latin America on a regular basis helping them to understand how their operations are affected by the role and influence of decision makers and pressure groups.
Carlos has an MA in International Political Economy from the University of Birmingham, and LLM in Petroleum Law and Policy from the University of Dundee and BA in International Studies from Universidad Central de Venezuela.
Theo Acheampong is a senior analyst on the IHS Economics and Country Risk Sub-Saharan African team. He specializes in analyzing developments relevant to political and business risks in Sub-Saharan Africa. His research covers risk forecasts and analysis, including of war, terrorism, and political unrest, as well as the impact of business risks – tax, legal, operational – on industry sectors and companies. Prior to joining IHS Markit, he worked as an independent consultant providing macroeconomic analysis and market research focused on frontier emerging markets in Sub-Saharan Africa. He has also worked on a number of client projects in the global energy industry, particularly in upstream oil and gas.
Theo has a PhD in Economics and an MSc in Petroleum, Energy Economics and Finance from the University of Aberdeen, Scotland. He has a BSc in Chemical Engineering from the Kwame Nkrumah University of Science and Technology, Ghana.
Virgilio overseas the iron ore team, as part of the MineSpans commodities services. Virgilio started his career covering the iron ore market for Samarco Mining Company as part of the marketing team for over a decade. During this time, he has been based on three different continents, where his work has involved discussing new price systems and price forecasts, supply/demand trends and leading marketing analysis for potential expansions and M&A. Virgilio holds a PhD degree in mining and metallurgical engineering and is a CAIA (Chartered Alternative Investment Analyst) candidate. He has spoken at numerous global conferences including to commodity experts at the UN, investment banks as well as at industry briefings.
Adam joined MineSpans as a commodities expert in 2015, following 15 years covering metal and mining equities on Wall Street. Prior to joining MineSpans, he was a Managing Director at Cowen & Co (and its predecessor, Dahlman Rose & Co.). At Cowen, he served as a senior mining analyst with a focus on precious metal and junior miners. Mr. Graf also served as a mining analyst for Federated Investors and Bear Stearns, after he began his career in the 1990s, working as a resource and exploration geologist for major global copper producers.