Deloitte has announced David Cormack will rejoin the firm to lead its mining sector practice.
Mr Cormack returns to Deloitte as a partner after four years in senior executive roles with specialist global advisory firms, which involved leading mining technical experts including geologists, mining engineers, investment analysts, processing engineers and information technology teams.
His most recent roles included chief executive officer of global consulting firm, Snowden Mining Industry Consultants. Prior to this, he was executive general manager of the Australian region for ASX-listed mining software solutions and advisory firm RungePincockMinarco.
Deloitte national leader, energy and resources Michael Rath said Mr Cormack’s appointment will strengthen Deloitte’s offering in the mining sector at an important time for the industry.
“Australia’s mining sector, across iron ore, coal and other metals, is facing unprecedented uncertainty on the back of heavy falls in commodity prices and a transition for many from project investment and construction to production.
“David has more than 25 years of deep mining industry consulting experience across operations, program leadership, and the entire mining value chain, from exploration to corporate affairs.
“His recent senior executive roles with other specialist global advisory firms and software providers have been dedicated to delivering innovative solutions that resolve technical complexity, improve productivity and unlock value,” Mr Rath said.
Mr Cormack said a downturn in the market provides Deloitte the chance to provide even more value to its clients in the sector.
“While the mining sector continues to grapple with the challenges of soft commodity prices, negative sentiment and volatility, there is broad consensus that operators need to continue to focus on productivity improvement, with technology and innovation the key enablers.
“Deloitte has a strong, client-centric track record in these important areas and I am really looking forward to providing a hands-on and dynamic approach to our consulting mining sector offerings.”
As national mining leader for Deloitte Consulting, Mr Cormack will be based in Perth. His return to the firm follows three other key additions to Deloitte’s Perth-based team this year. Michael Barrett joined the firm as national energy and resources risk services leader, while John Langoulant AO and joined the Western Australia public sector practice.