Podcast: Denis Larocque On Major Drilling’s Growth Opportunities In The Green Economy
When I was in my twenties, I travelled a lot around the world. I had enriching and challenging experiences, exploring places like India and Cuba with different languages and cultures. I was on a volunteer placement in India and researching magazine and newspaper articles in Cuba. But I was still mostly just travelling, enjoying the act of exploring, seeing new places and meeting people.
So I was very intrigued to learn – on the latest episode of Huddle “Home Office” – that Major Drilling CEO Denis Larocque, at the same age, was travelling a lot too. But as he was enjoying himself, meeting people and exploring new places, he was working full-time, helping Major Drilling set up operations in different countries.
It was one of the many interesting things I learned in my conversation with Denis, the CEO of the Moncton-based company with 3,500 employees and drilling operations on five continents.
A publicly-traded company with a market cap of more than $575-million and a stock price on the rise since the early-days lows of the pandemic, Major Drilling is now exploring emerging opportunities – in the “green economy,” in particular.
“In the past, mines sometimes have gotten a bad name but … over the years mines have really, really improved in terms of how they operate and the environmental footprint,” he told me. “But also, you think about the green economy and all of the electric vehicles and your iPhone, all of that needs copper and there is only one way to produce it, and it’s to mine it. So that’s part of building a greener economy, which is going to come through all of those metals.”
Listen to my conversation with Denis in the player above, or on your preferred podcast platform.