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Press ReleaseFrontier Strategy Group Managing Director Alex Gorbansky Discusses Strategies for Success in the Face of Resource Nationalism in Keynote Address at 75th Annual PDAC Conference in Toronto CAMBRIDGE, Mass. – (BUSINESS WIRE) – March 6, 2007 – Frontier Strategy Group Managing Director Alex Gorbansky discussed strategies for success in the face of resource nationalism in a keynote address at the 75th Annual PDAC Conference in Toronto, Canada. As a part of a keynote speech to an audience of mining industry executives, exploration professionals, and investors, Mr. Gorbansky emphasized that responding to resource nationalism was critical for industry growth and highlighted the upside opportunities created by the trend: "Resource nationalism is not cause for despair, but rather, provides companies and investors that respond strategically and proactively with access to new reserves and opportunities to acquire assets on the cheap not available to their competitors." Mr. Gorbansky noted that "the character and nature of resource nationalism varies significantly and that successful firms will develop context-specific responses." In his presentation, Mr. Gorbansky introduced a framework highlighting four types of resource nationalism: State Domination, Balanced State Participation, Geopolitical Expediency, and Greater Economic Participation. Mr. Gorbansky outlined three main strategies that companies can employ to respond to resource nationalism: "New and creative partnerships that align economic and political incentives between foreign investors and host governments over the long-run, branding the company as a local national player versus a foreign entity, and social development programs that have clear and measurable impacts at the local and national levels." As an example of a company that has effectively dealt with resource nationalism, Mr. Gorbansky used the case of Exxon Mobil: "Exxon has successfully made Africa a foundation of its growth, while avoiding the high profile mishaps that have plagued Shell and others through strategic social development programs and communications strategies that clearly demonstrate Exxon's positive economic and social contributions to the places where it operates." About Alex GorbanskyAlex Gorbansky is a Managing Director at Frontier Strategy Group and heads the Africa Mining & Energy practice at the Frontier Strategy Group. About Frontier Strategy GroupFrontier Strategy Group is a global consulting and advisory firm focused on the natural resources industries. Key practices include country-entry and growth strategies, M&A advisory, political risk assessments and permitting assessments. The firm is based in Cambridge, Massachusetts, and has offices in New York and Washington DC. Media Contact:
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