Director, Skarn Associates Limited

Mark Fellows BSc, MIMMM (Director)

Mark is a mining industry consultant with 30 years experience, providing strategic advice on metal markets, exploration, development projects, operating mines and corporate development. Mark’s expertise includes asset evaluation, benchmarking and optimisation, and encompasses, geology, mining, ore processing, and mining finance. He has conducted investment appraisals of numerous companies, mining projects and mining sector services businesses.

Prior to co-founding Skarn, Mark led the metals & mining consulting business at SNL Financial. His career started in 1987 as an exploration geologist with Anglo-American Corporation in Southern Africa. He went on to work for junior diamond and gold explorers in West and East Africa. He subsequently spent 13 years at Brook Hunt & Associates Ltd (now Wood Mackenzie) where he held the position of Director with primary responsibility for bespoke consulting work.

From 2009 Mark was Managing Director of GFMS Mine Economics Limited, a business co-founded with GFMS Limited, which was sold to Thomson Reuters in 2011.


Sizing the Mining, Consumables and Services Markets: A Balkan Growth Story

Skarn Associates has unique expertise in analysing mine site operating costs and competitiveness. This also allows us to produce detailed estimates of market sizes for the full spectrum of consumables and services utilised at mine sites. As an example case study we have analysed the potential market growth for these items arising in Serbia, over the period to 2025. This quantifies a substantial opportunity for local and external suppliers.