DECEMBER 1-5, 2013 | BUSINESS DESIGN CENTRE LONDON 2013 WHERE QUALITY MINING PROJECTS SECURE INVESTMENT CAPITAL INVESTMENT AND FINANCE KEYNOTES FROM MINING INVESTMENT AND FINANCING STRATEGIES EXPLORED BY John Hathaway Senior Managing Director, and Portfolio Manager TOCQUEVILLE ASSET MANAGEMENT Randy Smallwood President and CEO SILVER WHEATON James G Rickards Managing Director TANGENT CAPITAL Rick Rule Chairman SPROTT US HOLDINGS Frank Holmes CEO and Chief Investment Officer US GLOBAL INVESTORS PLATINUM SPONSORS NEW Updated Agenda REGISTRATION & ENQUIRIES: VISIT: WWW.MINESANDMONEY.COM/LONDON EMAIL: [email protected]OR CALL +44 (0) 20 7216 6056 MINES AND MONEY LONDON WILL DELIVER ❚ The widest selection of mining investment opportunities under one roof in Europe ❚ The biggest gathering of qualified investment capital providers under one roof in Europe ❚ Online meeting planner to help you to connect with your fellow delegates ❚ Content-packed conference agenda filled with investment insights and capital raising ideas ❚ A well-organised and trusted event renowned for its buzz and deal-sourcing potential ❚ NEW FEATURES including investor- hosted lunch tables for enhanced networking SPECIAL GUEST PRESENTATION RICK RULE IN CONVERSATION WITH: Michael Belkin Author THE BELKIN REPORT Robert Friedland Executive Chairman IVANHOE MINES Shayne McGuire Portfolio Manager, GBI Gold Fund TEACHER RETIREMENT SYSTEM OF TEXAS Mark Bristow CEO RANDGOLD RESOURCES Markus Bachmann CEO and Fund Manager CRATON CAPITAL Trevor Mills Senior Advisor APOLLO MANAGEMENT Ani Markova Vice President and Portfolio Manager AGF INVESTMENTS Bernie Sheahan Global Director for Infrastructure & Natural Resources IFC Will Smith Portfolio Manager NEW CITY INVESTMENT MANAGERS John Theobald Executive Director and CEO ANGLO PACIFIC GROUP Lawence Roulston CIS METALLICA DEVELOPMENT FUND Chris Baker Investment Manager CALEDONIA Alex Williams Managing Director FIRST RESERVE Nolan Watson President and CEO SANDSTORM GOLD Pan Guochen President and CEO CHINA HANKING HOLDINGS Biao Chen Managing Partner JINJIANG MINING FUND Michael Scherb General Partner APPIAN CAPITAL ADVISORY Andrew Pullar CEO THE SENTIENT GROUP Joe Zhang Chairman CHINA MEZZANINE CAPITAL Bert Koth Director DENHAM CAPITAL John Meyer Partner – Head of Resources SP ANGEL Marin Katusa Chief Energy Investment Strategist CASEY RESEARCH Kunal Shah Head of Commodities Research NIRMAL BANG Mark Tyler Joint-head of Mining & Resources NEDBANK CAPITAL Vaughan Wickins Executive: Mining and Metals STANDARD BANK Dr Dierk Paskert CEO ROHSTOFFALLIANZ – RESOURCE ALLIANCE linkd.in/15iJOZX @MinesandMoney
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December 1-5, 2013 | business Design centre London 2013Where quaLity mining projects secure investment capitaLinvestment anD finance keynotes from
mining investment anD financing strategies exploreD by
John Hathaway Senior Managing Director, and Portfolio Manager tocqueville asset management
randy smallwood President and CEO silver WHeaton
James g rickards Managing Director tangent capital
rick rule Chairman sprott us HolDings
frank Holmes CEO and Chief Investment Officer us global investors
Creating and investing in the next generation of mining projeCts
WHy attenD mines anD money?
INVESTORSSource fantastically valued investment opportunities among the 260 mining companies on display – Could this be the buying opportunity of a lifetime?
MINERSSeek out funding from sovereign wealth funds, pension funds, equities fund managers, private equity funds, royalty and stream financiers, debt capital providers, hedge funds and private investors gathered together for the event.
DECEMBER 1-5, 2013 | BUSINESS DESIGN CENTRE LONDON 2013
With record numbers already registering for Mines and Money London 2013,
this year’s 11th annual conference and exhibition comes at an exciting time of
market recovery and growth opportunity.
After a year of falling stock prices and a clear-out of the weaker companies,
the mining industry is poised for a comeback. With a raft of M&As, IPOs
and refi nancings in the pipeline and with the market full of exciting value
investment opportunities, be sure to register for Mines and Money London to
put yourself at the heart of the action.
WHAT’S NEW IN 2013?
❚ Extra conference and exhibition day to boost learning and networking
❚ Structured networking at investor roundtables
❚ Wider range of funding structures and sources covered
❚ Enhanced business matchmaking system
❚ Investor-only breakfast briefi ngs
❚ New conference layout to enhance interactivity
Turning market intelligence and networking into deal-making
Designed fi rst and foremost as a networking and deal-making forum,
Mines and Money London helps mine developers to raise capital and
investors to discover high potential mining investment opportunities
from around the world.
Join 3000+ mining investors, fi nanciers, brokers and developers at the
historic Business Design Centre and be part of Europe’s number one mining
investment and fi nance forum.
If you book before 4 October, you can save up to £400.
Visit www.minesandmoney.com/london to register or call
+44 (0) 20 7216 6056.
I hope to see you in December at Mines and Money London 2013.
Leo StempConference DirectorMines and Money
Nominated and selected by the mining and investment community, the Mining Journal Outstanding Achievement Awards recognise excellence, innovation and courage from across the globe.Winners are announced at the Mines and Money London 2013 Gala Dinner, a black tie dinner with over 1000 industry leaders in attendance.NOMINATIONS NOW OPEN. VISIT WWW.minesanDmoney.com/lonDon/aWarDs
europe’s leaDing mining investment
anD capital raising forum
• 5 days of conference, exhibition and networking functions
• 57 countries represented
• 80 mining companies presenting on stage
• 260 international mining companies in the exhibition
• 1000+ investors and financiers representing many billions of dollars of investment capital
With more mining investors and financiers under one roof than any other event in Europe, Mines and Money London provides a superb platform for mining explorers and developers to display their projects to the international investor community and raise capital.
investors alreadY Confirmed for 2013Abydos Capital ManagementAether Investment Partners AGF InvestmentsAlfred Simmons Asset Management Altus Capital LtdAltus Global Gold Altus Resource Capital Altus Strategies Am2 (Bermuda) LimitedAmati Global InvestorsAnglo Pacific GroupAPAC ResourcesApollo ManagementAppian Natural Resources FundArbuthnot Latham & Co LimitedArlington Asset Management LimitedArtefact Partners Baker Steel Resources Trust BarclaysBarclays Natural Resource InvestmentsBarclays WealthBaring Vostok Capital PartnersBeagle PartnersBeagle Partners Black Vulcan Resources BlackrockCaledonia Canada Pension Plan Investment Board Capital ResourcesCardano CD CapitalCharles StanleyChina-Africa Development Fund China Hanking HoldingsChina Mezzanine Capital Cim Investment ManagementCommodity Discovery FundCraton CapitalDarwin StrategicDenham CapitalDoyen CapitalDragon GroupEarth ResourcesEl Oro LtdExchange Minerals LimitedFinnish Industry Investment First State InvestmentsFord FoundationGBI Gold FundGeneration Asset Management UKGLS Capital UKGolden Cause Mining Acquisitions Grafton ResourcesGreenstone Resources Hawkwood Capital LlpHemera Capital Management IFCImara Asset Management
Infiniti Premium Resources Fund Jinjiang Mining FundJordan Capital Markets Inc.Juniper Capital Partners LimitedKsir CapitalLaurium CapitalLiberum Capital Majlis PartnersMeridian Equity Partners Metallica Development Fund Metals And Mining Otkritie CapitalMG Capita Mining Investments ResourcesNew City Investment ManagersPaloma InvestmentsPhoenix Gold Fund Polygon Investment PartnersPraetorian Resources Investment Holding CompanyRagnar CapitalRAB Capital RB Resources (UK)Red Kite Mine FinanceRMB ResourcesRohstoffallianz-Resource AllianceSalamanca Capital Resources (UK)Salamanca GroupSamsung C&T UKSandstorm Seven Hills Capital LimitedSG Alpha Sidex Silver WheatonSP AngelSprott Inc.Stanhill Special Situations FundStone DrumTeacher Retirement System of Texas Tellus Investment Partners LlpThe Sentient Group ThreadneedleTocqueville Asset ManagementTransaminvest US Global InvestorsWalker Crips Asset Management
• Sovereign wealth funds • Pension funds • Equities fund managers • Private equity funds• Royalty and stream
financiers• Debt capital providers• Hedge funds• Private investors
at mines and moneY You Will meet
There are a number of complimentary investor passes available to this year’s Mines and Money London. These are reserved solely for buy-side investors who hold no position at a mining or services company and whose primary business activity involves investing directly into the mining sector.
To see if you are eligible, apply at minesandmoney.com/london/investor-application
linkd.in/15ijoZX
@minesandmoney
investor-HosteD luncH tables
Enjoy lunch and insightful discussion with the fund manager of your choice.Taking place on Tuesday 2 December and Wednesday 3 December, lunch tables will be hosted by:
ed Bowie, Investment Manager, altus resource capitalTrevor Mills, Senior Advisor, apollo ManagementMichael Scherb, General Partner, appian natural resources fundchris Baker, Investment Manager, caledonia resources fundBert koth, Director, denham capital Mark Sawyer, Senior Partner, Greenstone resources Biao chen, Managing Partner, Jinjiang Mining funddr elena clarici, Managing Director – Investments, Meridian equity partnerslawence roulston, CIS, Metallica development fundWill Smith, Portfolio Manager, new city investment Managersrick rule, Chairman, Sprott uS holdingsMarino pieterse, Co-Manager, Timeless uranium fundfrank holmes, CEO and CIO, uS Global investors
Sign up onsite for the table of your choice. WARNING! Tables will fill up fast, so sign-up early to avoid disappointment.
dailY investor keYnotes from industrY superstarsmondaY
mining CompanY spotlights:
investment strategies to take advantage of a cyclical market
Ani Markova, Vice President and Portfolio Manager, aGf inveSTMenTSBernie Sheahan, Global Director for Infrastructure & Natural Resources, ifc Lawence Roulston, Editor, reSource opporTuniTieS & CIS, MeTallica developMenT fund Rick Rule, Chairman, SproTT uS holdinGS And more…
chinese outbound investment outlook – china’s further potential to grow as a source of capital for mining projects
Joe Zhang, Chairman, china MeZZanine capiTalGeorge Fang, Group Managing Director and Head of Mining and Metals (China), STandard Bank Biao Chen, Managing Partner, JinJianG MininG fundPan Guochen, President and CEO, china hankinG holdinGS
Plus investor panels on…• End-user insights – How leading manufacturers are securing supplies of strategic metals • The funding mix – Evolving to a “new normal”• Investing in Africa – Mining, politics, risk and reward • Exploring European mining opportunities – Investor views• Cost reduction, efficiency, innovation – Creating a mining company for success in the next stage of the
commodities super-cycle
public vs private – can pe fill the funding gap?
Andrew Pullar, CEO, The SenTienT GroupTrevor Mills, Senior Advisor, apollo ManaGeMenTBert Koth, Director, denhaM capiTal Alex Williams, Managing Director, firST reServe Mark Sawyer, Senior Partner, GreenSTone reSourceS And more…
up or down – Where on earth is the gold price going in 2014?
Michael Belkin, Author, The Belkin reporT John Hathaway, Senior Managing Director, and Portfolio Manager, Tocqueville aSSeT ManaGeMenTShayne McGuire, Head of Research & Portfolio Manager, GBI Gold Fund, Teacher reTireMenT SySTeM of TexaSKunal Shah, Head of Commodities Research, nirMal BanG
10-minute company and project overviews presented by senior management of mining companies to an auditorium of investors:
Afferro Mining
Alderon Iron Ore Corp
Alliance Mining Commodities
Archipelago Resources
Aurcana Corp
Auriant Mining
Base Resources
Bear Creek Mining Corp
Bullabulling Gold
Caledonia Mining Corp
Canamex Resources
Colt Resources
Condor Gold
Dalradian Resources
Doray Minerals
Equatorial Resources
EMED Mining
Fission Energy
Gascoyne Resources
Global Atomic Fuels Corp
Gold Group
Golden Rim Resources
Goldstone Resources
International Ferro Metals
KEFI Minerals
Kimberley Diamonds
Kingrose Mining
Kopy Goldfields
Lydian International
Mandalay Resource
Mawson West
Metminco
Minco Silver & Gold
Minera IRL
Mundoro
Nautilus Minerals
New Age Exploration
Nord Gold
Northern Shield Resources
One Asia Resources
Orbite Aluminae
Panoro Minerals
Peninsula Energy
Potash Ridge
Renaissance Minerals
Robust Resources
Sandfire Resources
Santacruz Silver Mining
Seafield Resources
Shore Gold
Sirius Reources
Smiibaw Resources
Sol Gold
Sotkamo Silver
Stornoway Diamond Corporation
Stratex International
Unigold
Venture Minerals
Volta Mining
Western Copper & Gold
Plus more to be announced
neW features for 2013
• Investor-only breakfast briefings
• Investor-hosted lunch tables
• Book your place at the most interactive and content-rich Mines and Money event to date!
tuesdaY
WednesdaY
09:00 50 Shades of Gold Frank Holmes, CEO and CIO, uS GloBal inveSTorS Always a fascinating presenter, Frank Holmes returns to Mines and Money London for the first
time in four years to present a sideways look at the state of the gold market.
09:00 Guest keynote: perspectives on the outlook for precious metals and the global economy James G. Rickards, Managing Director, TanGenT capiTal Seasoned investment banker, risk manager and best-selling author, Jim Rickards shares his
insights into the macro-economic forces shaping the global economy and their impact on precious metals and mining commodities.
09:00 Global mining and investment opportunities: Where next for the mining cycle? Rick Rule, Chairman, SproTT uS holdinGS Appearing for the first time at Mines and Money London, legendary mining investor Rick Rule
shares his razor-sharp insights into the outlook for mining investment.
09:00 Gold and gold mining investment keynote John Hathaway, Senior Managing Director, and Portfolio Manager,
Tocqueville aSSeT ManaGeMenT Gold investment titan John Hathaway lays out the long-term strategic rationale for investing
in gold and gold mining stocks. Get your seat early for what should prove to be a highly timely and valuable presentation
09:50 alternative funding for mining projects: The Streaming approach Randy Smallwood, President and CEO, Silver WheaTon Find out what stream finance pioneer, Randy Smallwood, looks for in a potential investment.
Discover some of the secrets that lie behind the phenomenal success of one of the most exciting companies in alternative mine finance today.
13:40 Where next for global markets? asset allocation strategies for 2014 Michael Belkin, Author, The Belkin reporT In a special guest presentation, hedge fund consultant and author of the Belkin Report, Michael
Belkin will offer his asset allocation and Long/Short stock recommendations for 2014. How does he see metals and mining stocks faring in 2014? Attend this session to find the answer.
16:30 fireside chat: rick rule in conversation with robert friedland Robert Friedland, Executive Chairman, ivanhoe MineS Expect standing room only when one of the world’s most famous and insightful mining
investors meets one of the world’s most successful mining entrepreneurs for a conversation on platinum, Africa and the future of mining development and investment.
14:10 banlaw africa 14:30 14:50 15:10 15:30 15:50 q&a
16:00 Networking drinks reception sponsored by snc-lavalin
Monday 2 December 2013Day 1 – mines & money london 2013
- commodities summit
08:00 investor breakfast briefing – shale gas, uranium, and the future energy mix (Investors only)
World-renowned energy investment analyst, Marin Katusa, shares his insights into the outlook for uranium, the true potential of shale gas opportunities in the UK and across Europe and the opportunities for investment in the global energy mix of the future.
marin katusa, Chief Energy Investment Strategist, casey research
08:30 Registration and morning coffee
08:45 Welcome and business card exchange leo stemp, Conference Director,
mines and money
09:00 guest keynote: 50 shades of gold
frank Holmes, CEO and CIO, us global investors
Always a fascinating presenter, Frank Holmes returns to Mines and Money London for the first time in four years to present a sideways look at the state of the gold market.
09:30 market outlook for mining commodities – Where are the growth opportunities? What will trigger the next boom?
• China and beyond – Identifying the key emerging markets that will drive future demand for mining products
• Global infrastructure developments – A tally of the projects planned and their metals requirements
• Assessing the stimulative impact on selected metal prices
• Timing for investors – When will this increase in metals demand start to be reflected in mining company share prices?
John meyer, Partner – Head of Resources, sp angel
09:50 the way forward for the industry: growth strategies for optimised shareholder return
• Outlook for commodities demand: Emerging drivers of growth
• Evolution of the cost curve vs commodities prices in 2013
• Expansion vs contraction: Which approach is best for maximising shareholder returns?
• Project selection: Identifying projects where long-term value can be created
• What can companies do to manage their costs while still investing in new projects?
11:30 investor’s perspective on the state of the junior sector
• Investor appetite for the junior sector • Challenges for juniors to find funding • What juniors need to do to make
themselves more attractive to the investment community
• Commodities, geographies and types of project that are looking attractive right now
markus bachmann, CEO and Fund Manager, craton capital
11:50 steel raw materials: supply and demand trends – identifying opportunities for investment and growth
• Impact of global infrastructure development plans on demand for steel raw materials
• Iron ore spot pricing trends and the impact on long term planning for major projects
• Update on West African iron ore: Investor appetite post-Mali crisis
• To what extent do the headwinds to shale gas development offer opportunities to coal investors?
• How bulk producers are managing costs to maximise margins and shareholder returns
• Ferro-alloys: Where are the opportunities – where are the market risks?
shaun browne, Chairman, ame group
company spotlight presentations
12:10 alderon iron ore corp12:20 international ferro metals 12:30 orbite aluminae12:40 venture minerals12:50 goldstone resources
13:00 Lunch and networking – mines and money london 2013 – exhibition opens
13:40 guest keynote: perspectives on the outlook for precious metals and the global economy
James g. rickards, Managing Director, tangent capital
Seasoned investment banker, risk manager and best-selling author, Jim Rickards shares his insights into the macro-economic forces shaping the global economy and their impact on precious metals and mining commodities.
14:10 copper: opportunities and challenges • A strong case for copper? Understanding
the underlying market fundamentals of copper
• To what extent are project delays leading to a supply side crunch?
• Long term or short term play? Why copper offers opportunities for the patient investor
paul benjamin, Senior Copper Analyst, Wood mackenzie
14:30 from precious metals to industrial minerals: opportunities in ontario
ministry of northern Development and mines, ontario
company spotlight presentations
14:40 mandalay resources14:50 nautilus minerals15:00 Western copper & gold15:10 metminco15:20 mawson West 15:30 bear creek mining corp
15:40 Panel discussion: the energy mix: uranium and thermal coal in world of energy insecurity and a shale gas bubble
• Shale gas over-hyped? Assessing the real future demand for coal and uranium to meet energy demand
• Impact of legislation and taxation on the competitiveness of thermal coal
• Outlook for global uranium demand: Status of global nuclear power build programmes
• Where is the supply coming from following the conclusion of the “Megatons to Megawatts Program”
• Price predictions for mined energy resources in 2014 and beyond
Panelists include: Will smith, Portfolio Manager,
new city investment managers anthony milewski, Principal,
black vulcan resources marin katusa, Chief Energy
Investment Strategist, casey research
marino pieterse, Editor, uraniumletter international and Co-Manager, timeless uranium fund
• Examining the potential for JVs between producers and manufacturers
Panelists drawn from a selection of metal end-users
Panelists include:
Dr Dierk paskert, CEO, rohstoffallianz – resource alliance
Holger apel, Global Head of Basic Industries, kfW ipex-bank
18:00 Networking drinks reception
Tuesday 3 December 2013Day 2 – mines & money london 2013
conference and exhibition
08:00 investor breakfast briefing – investing in a cyclical market (Investors only)
In any sector and particularly in an industry as cyclical as mining, the big money is made by buying low and selling high. But what are the signs that signal the bottom of the market? How can investors time their investments to maximise returns? Should they try to spot the bottom or should they just focus on putting their money into “good value” companies. Seasoned resource investor and analyst Lawrence Roulston and renowned investment banker, risk manager and author Jim Rickards share their expert views.
lawrence roulston, Editor, resource opportunities & CIS, metallica Development fund
James g. rickards, Managing Director, tangent capital
08:00 registration and morning coffee
08:45 Welcome and business card exchange leo stemp, Conference Director,
mines and money
global mining – tHe future
09:00 Investment keynote: global mining and investment opportunities: Where next for the mining cycle?
• End of the mining boom or just a mid-cycle correction?
• Assessing the macro-economic forces shaping the mining landscape
• What must mining companies do to regain investor appetite for the sector?
• Strategies to rebuild a more lean and robust industry for the future
rick rule, Chairman, sprott us Holdings
09:30 Keynote: alternative funding for mining projects: the streaming approach
• Examining the availability of funding for precious metals projects in 2013
• State of investor appetite for mining in 2013-14
• To what extent can stream finance fill the funding gap created by sluggish IPO markets?
• Benefits of the streaming approach – Pros and cons for the investor and the mining company
• What Silver Wheaton looks for in a
potential project
randy smallwood, President and CEO, silver Wheaton
09:50 Keynote: alternative funding for mining projects: royalty finance
• How have the royalty companies fared through the past 12 months?
• How much of the funding gap can royalty finance fill?
• Is royalty finance going mainstream? Why traditional funds are looking at royalty finance options
• What type of projects is Anglo-Pacific looking at in 2013-14?
John theobald, Executive Director and CEO, anglo-pacific group
11:20 sourcing liquidity: Where are miners finding funding?
• State of equity markets and size of the funding gap
• Emerging sources of capital: Who and how?
• From streaming and off-take financing to equity lines and high yield convertibles: Examining the pros and cons of key alternative funding sources
• Blending debt, equity and other sources of capital to meet your funding needs
mark tyler, Head of Resources, nedbank capital
Jason burkitt, UK Mining Leader, pwc
12:00 Debt financing for mine developers – structures, sources and availability
• The state of the super cycle – The bankers’ view
• The future of debt finance – Availability, structures and new sources of liquidity
• A lenders view of the top 3 business risks for miners
vaughan Wickins, Executive: Mining and Metals Coverage, standard bank
12:20 Investors roundtable: investment strategies to take advantage of a cyclical market
• Identifying the key signs of recovery: How long before the markets recover and how to benefit from the inevitable upswing
• The future face of equity investors and specialist mining-focused funds
• Yield vs growth equities: How will a focus on yield over growth impact the attractiveness of mining stocks?
• How will the inflow of private equity impact the availability of quality projects for the public markets?
• Which commodities and what types of projects show the greatest potential for shareholder returns?
Panelists include:
ani markova, Vice President and Portfolio Manager, agf investments
rick rule, Chairman, sprott us Holdings
bernie sheahan, Global Director for Infrastructure & Natural Resources, ifc
lawence roulston, Editor, resource opportunities & CIS, metallica Development fund
13:00 Lunch and exhibition visit
13:00 – 13:40 investor-hosted lunch table
discussions: Taking place in the gallery level above
the exhibition hall, this is a great opportunity for miners to talk directly with a range of different investors. Discuss the key issues impacting mine finance and discover what investors are looking for in a potential mining investment:
Confirmed investor roundtable hosts:
rick rule, Chairman, sprott us Holdings
bert koth, Director, Denham capital
trevor mills, Senior Advisor, apollo management
biao chen, Managing Partner, Jinjiang mining fund
michael scherb, General Partner, appian capital advisory
lawence roulston, CIS, metallica Development fund
Will smith, Portfolio Manager, new city investment managers
chris baker, Investment Manager, caledonia resources fund
mark sawyer, Senior Partner, greenstone resources
marino pieterse, Co-Manager, timeless uranium fund
If you would like to host a table, please contact Leo Stemp on +852 2531 6130 or email [email protected]
stream a
13:40 Opening remarks from session chair
sources of liquiDity
13:45 mauritius: gateway to africa and emerging capital raising destination
• Why major investment banks are building up significant teams on this Indian Ocean island
• Understanding Mauritius’s treaty arrangements with key African resources producers
• From where is capital flowing into Mauritius: Examining the role of key investors from China, India and the Gulf
• Opportunities for mining companies to list and raise capital in Mauritius
company spotlight presentations
14:10 kopy goldfields14:20 condor gold14:30 sol gold14:40 stratex international 14:50 new age exploration15:00 kefi minerals
15:10 connecting chinese capital with global mining – opportunities and challenges
• From Aluminium to Zinc: Where is the demand as China’s economy matures?
• Understanding the evolution of China’s outbound investment policy
• What are China’s investors looking for in a target company?
• What should mining companies look for in a potential partner from China?
blackstone mining associates
15:30 Panel discussion: chinese outbound investment outlook – examining china’s further potential to grow as a source of capital for mining projects
• Economic outlook, capacity for further stimulus and implications for mineral resource demand
• Opportunities for late-cycle metals as China’s transition towards a more mature domestic consumer-led economy
• From SOEs to the individual investor: How the QDII2 initiative will aid the flow of investment capital from China into the global resources market
• Resource acquisition vs financial investment: How Chinese investment flows are shifting from the former to the latter and the implications for capital flows
china mezzanine capital george fang, Group Managing Director
and Head of Mining and Metals (China), standard bank
biao chen, Managing Partner, Jinjiang mining fund
pan guochen, President and CEO, china Hanking Holdings
company spotlight presentations
16:10 base resources 16:20 mundoro16:30 unigold16:40 gascoyne resources16:50 bullabulling gold
17:00 environmental and social risks in the mining sector
• The range of environmental and social risks of interest to project financiers
• Significant risks commonly encountered when undertaking due diligence studies
• Factors influencing risks, such as legislation and geographic context
• Risk mitigation measures and effective implementation of the measures
Jane Joughin, Corporate Consultant (Environment), srk
. tHe future of tHe funDing mix
17:20 Funding roundtable: the funding mix – evolving to a “new normal”
• From sovereign wealth funds to private investors, who is investing into mining developers right now and how is this changing?
• No more “right to finance”? What do mining companies need to do to attract capital
• Strategies to raise capital while minimizing shareholder dilution
• Opportunities in bonds and high yield convertibles
• Equity lines and flow through financing: Opportunities and challenges
• From streaming to off-take financing: Examining the pros and cons of key alternative funding sources
Panelists include:
Dr elena clarici, Managing Director – Investments, meridian equity partners
nolan Watson, President and CEO, sandstorm gold
graeme Hossie, CEO, london mining
Jamie strauss, Founding Partner, strauss partners
18:00 Networking cocktail reception
stream b
arounD tHe WorlD in Half a Day – country briefings to source global
opportunities
13:40 Opening remarks from session chair
13:50 investing in africa – mining, politics, risk and reward
• Update on general investor appetite for West Africa
• Infrastructure challenges in the mining sector in Africa and how to address them
• Government role and regulations in the African mining space
• Role of multilaterals in addressing some of these challenges
bernie sheahan, Global Director for Infrastructure & Natural Resources, ifc
14:20 country and regional updates – Ministries and Chambers of Mines from around the world present updates on the regulatory environments in their jurisdictions and emerging opportunities and incentives for mining companies to invest.
14:20 ministry of northern Development and
mines, ontario14:35 Western australia 14:50 queensland15:05 business oulu, finland
company spotlight presentations
15:20 15:3015:4015:5016:00
16:10 country updates – Ministries and Chambers of Mines from around the world present updates on the regulatory environments in their jurisdictions and emerging opportunities and incentives for mining companies to invest
16:10 south australia16:24 16:40 16:55
17:10 exploring european natural resource opportunities – investor views
• To what extent is have recent market conditions led to a revival of investor interest in European-based projects
• From metals to shale gas: Opportunities across the resource spectrum
• Legislation and regulation: How do European jurisdictions compare with other regions in terms of red tape, green tape and approvals processes?
• Our panelists views on the most exciting projects under development in Europe right now
Panelists include:
marin katusa, Chief Energy Investment Strategist, casey research
17:45 Networking cocktail reception
Wednesday 4 December 2013 Day 3 – mines and money london 2013
conference and exhibition
08:00 investor breakfast briefing – the future of mine finance (Investors only)
The recent slump in mining IPOs and squeeze in bank lending has driven the creation of new innovative forms of mine finance. Stream finance pioneer Nolan Watson, examines the “new normal” for mining finance and reveals how by aligning the goals of borrower and lender a win-win can be created for both the miner and the investor.
nolan Watson, President and CEO, sandstorm gold
08:15 Morning coffee and networking
08:45 Chairman’s opening remarks
09:00 Keynote: gold mining and investment – refocusing the industry on maximizing shareholder returns
• Macro-economic forces shaping the gold market in 2014
• Grade is king – the shifting priorities for mine developers
discussions: Taking place in the gallery level above the
exhibition hall, this is a great opportunity for miners to talk directly with a range of different investors. Discuss the key issues impacting mine finance and discover what investors are looking for in a potential mining investment:
Confirmed investor roundtable hosts:
rick rule, Chairman, sprott us Holdings
bert koth, Director, Denham capital
trevor mills, Senior Advisor, apollo management
biao chen, Managing Partner, Jinjiang mining fund
michael scherb, General Partner, appian capital advisory
Dr elena clarici, Managing Director – Investments, meridian equity partners
marino pieterse, Co-Manager, timeless uranium fund
chris baker, Investment Manager, caledonia resources fund
mark sawyer, Senior Partner, greenstone resources
ed bowie, Investment Manager, altus resource capital
If you would like to host a table, please contact Leo Stemp on +852 2531 6130 or email [email protected]
special guest keynote
company spotlight presentations
14:20 shore gold14:30 stornoway Diamond corporation14:40 kimberley Diamonds 14:50 northern shield resources15:00 golden rim resources
15:10 Diamonds: outlook for the industry in an era of risk-off investment
• Outlook for diamond supply, demand and price
• Divestments, M&A and consolidation: Guide to the future shape of the diamond industry and the opportunities this creates for investment
• Update on the reform of the Kimberley Process and implications for investment
• Physical vs mining stocks: Where is the smart money going right now in the sector
krisztina kalman-schueler, Managing Partner, Dmm advisory group
company spotlight presentations
15:30 auriant mining15:40 panoro minerals15:50 global atomic fuels 16:0016:1016:20
16:30 Fireside chat:
rick rule in conversation with robert friedland
In what is sure to be a lively and inspirational discussion, legendary mining financier, developer and entrepreneur, Robert Friedland, shares his perspectives on the future of the mining and mining finance sectors
17:15 conference round-up and closing remarks leo stemp, Series Conference Director,
mines and money
18:45 mines and money london 2013 gala Dinner and mining achievement awards 2013
13:40 Where next for global markets? asset allocation strategies for 2014
Michael Belkin, hedge fund consultant and author of the Belkin Report, will offer his asset allocation and Long/Short stock recommendations for 2014. Based on a proprietary model offering timely, predictive and accurate forecasts, this presentation will offer thought provoking commentary, taking definitive stances on world market movements. How does he see metals and mining stocks faring in 2014? Attend this session to find the answer.
15:50 Demand – supply/costs, market, and industry structure
• Population • Waste storage • Geography and transport • Availability of raw materials • Incomes • Technology • Economic structure • Fashion and social trends • Government regulations • Prices
16:30 Questions and discussion
17:00 Close
masterclass: executing a successful listing
Led by:
13:40 Registration and coffee
14:00 Opening remarks Clifford Tompsett, Head of Global IPO
Centre, PwC
14:05 Outlook for global equity markets • What mining investors are looking for
14:40 Capital raising trends and opportunities • Overview of capital raising options
(equity, debt, other sources of financing)
• London market and comparison of international listing venues for mining companies
• Preparing for a capital raising – maximising your chances of success
Katya Kuznetsova, Director, Capital Markets, PwC
15:00 Round table: Strategies for attracting investors
• Rise of private equity investments in mining sector
• Convertibles - an attractive option? • Chasing liquidity by accessing
secondary markets • Effective communications and IR
15:30 Coffee break
15:50 Getting ready for an IPO • Budgeting and business modelling • Tax structuring aspects • Management incentive schemes
16:10 Legal aspects of preparing for an IPO • Critical areas of legal due diligence • Compliance with anti corruption laws • Key legal and regulatory trends in
natural resources IPOs
16:30 Preparing competent person’s report • Role and function of technical expert
This interactive two hour session includes: • Best practice guide to the roles and
responsibilities of a non-executive director
• Introduction to the work of audit, compensation and standards committees
• Guide to listing requirements related to the composition and expertise of boards
• Strategies for selecting non-executive directors to build a strong board
Wednesday 4 December
14:00 – 16:00
social investment and mining: creating a win-win with Development impact bonds
Led by:peter nicholas, Director, social finance
This interactive two hour session includes: • Understanding how Development
Impact Bonds and Social Impact Funds work?
• Social investment – how and why corporates and investors can get involved
• How mining companies can generate returns on social investment
• How social investment help mining companies build community support and cement good government relations
• Case studies of social investment in action
thursday 5 December
practical strategies for cost cutting and efficiency
09:30 – 12:30This practical half-day masterclass includes: • People: Creating efficiencies in your
workforce from hiring and staffing practices to FIFO strategies
• Processes: Design techniques and technological innovations to streamline your operation
• Exploration: Technologies and strategies to optimise exploration ROI
• Red tape: Strategies to cut the cost of bureaucracy, permitting and approvals
Due diligence for mining investment – a best practice guide
13:30 – 16:30Led by: SRK
13:30 Introduction
13:40 Update on the requirements of international reporting codes
• Overview of guiding principles of public reporting of Mineral Properties
• Definitions of Exploration Targets, Mineral Resources, and Ore Reserves
• Compare and contrast different International Reporting Codes
14:40 Refreshments break
15:00 Understanding the work of a competent/qualified person in mineral resources
• Role of the Mineral Resources CP/QP in the due diligence process
• Overview of aspects which impact on the reporting of Mineral Resources (e.g. data quantity and quality, geological interpretations, grade estimates, etc)
• Meeting the “...reasonable prospects for economic extraction” requirement for the Reporting of Mineral Resources
15:30 Understanding the work of a competent/qualified person in ore reserves
• Role of the Ore Reserves CP/QP in the due diligence process
• Levels of technical study and Ore Reserve Reporting
• Applying the Modifying Factors - a multi-disciplinary approach to due diligence
Confirmed exhiBitors for 2013Senior management from 260 junior and mid-tier mining companies, financiers and service providers showcased in the exhibition21ST NORTHA7 Skyblue Mining Nigeria Afferro MiningAfrican Consolidated Resources African Eagle ResourcesAlderon Iron Ore CorpAlliance Mining CommoditiesALS MineralsAltan Nevada / Altan RioAMC Consultants AME Group AMECAmlib HoldingsAnglesey MiningAnglo Asian MiningArchipelago ResourcesAston Bay Ventures Aura EnergyAurcana CorpAureus MiningAuriant Mining Australia Unlimited – Government of South Australia, Western Australia & QueenslandAvrupa MineralsBanlaw African GroupBase ResourcesBear Creek Behre DolbearBia OverseasBlack Mountain Resources Blackstone Mining Associations (BMA)Boart LongyearBullabulling GoldBusiness Oulu
CA Mining Global RecuritmentCaledonia Mining CorpCanamex Resources CorpCap-Sat Technologies Cayman Islands Stock ExchangeColt ResourcesCominco Resources Co.Condor GoldCopper North Mining CorpCopperzone ResourcesCordoba MineralsCSA GlobalDigby Wells EnvironmentalDodygold SpADonner MetalsDoray Minerals Emerita Gold Energold Drilling CorpEquatorial ResourcesEMED Mining Ernst & young LLPFasken MartineauFaststream RecruitmentFission Energy Corp (now ownered by Denison Mines) Focus VenturesFugro Airborne SurveysGascoyne ResourcesGBM Minerals Engineering ConsultantsGemcom Software EuropeGeovariancesGlobal Atomic Fuels Corp Golden Rim ResourcesGolder AssociatesGoldGroup
Goldstone ResourcesGuinea Iron OreGV GoldHCF International Advisers Horizonte MineralsHummingbird Resources IMC Group ConsultingInspectorate / ACME LabsInternational Ferro Metals Intierra RmgJacobs UKJameson ResourcesKaboko Mining KEFI MineralsKimberley Diamonds Ltd Kingrose Mining Kopy Goldfields ABLaramide Resources Limestreet Capital (Smiibaw Resources)Lupaka Gold CorpLydian InternationalMandalay ResourceManhattan CorpMariana Resources Matamec ExplorationsMawson West Maya Gold & SilverMeridian Equity Partners MetmincoMicromineMiddle Island ResourcesMinco Silver CorpMinera IRLMinesight ApplicationsMinewebMinistry of Northern
Development and Mines OntarioMott MacDonaldMundoro CapitalNagrom the Mineral Processors Namibia Rare EarthsNautilus Minerals Nedbank CapitalNew Age ExplorationNord Gold NVNorthern Shield ResourcesNorthland Resources AB Norton Gold FieldsOlympus NDTOne Asia ResourcesOrbis GoldOrbite AluminaeOrmonde MiningPanoro MineralsPapillon ResourcesParsons BrinckerhoffPeak ResourcesPeninsula EnergyPolymetal International Potash RidgePotash West NLPW Mining International Rand Merchant BankRandgold ResourcesRenaissance MineralsRequisite Business SolutionsReservoir MineralsRevett MineralsRFC AmbrianRio Alto MiningRobust Resources
sponsors of mines and moneY london 2013platinum sponsors
golD sponsors
silver sponsors
official meDia supporting partners
With over a decade of delivering high quality delegates, Mines and Money London is one of the world’s best forums for interacting with senior investors, financiers, mining entrepreneurs and analysts and networking with ceos, cfos, coos, geologists, exploration managers and engineers to discuss the critical issues shaping the future of mining and investment.
Mail: Asia Pacific | 20/F Siu On Centre, 188 Lockhart Road, Wanchai, Hong KongEurope | 120 Old Broad Street, London EC2N 1AR, UK
VEnuE InForMAtIon1 – 5 December, 2013
Business Design Centre, Islington 52 upper St, London, Greater London n1 0QH
Pass Book and pay by6th Sept 2013
Book and pay by4th oct 2013
Book and pay by1st nov 2013
Standard Pricing
Gala Dinner & Awards Dec 4
3 Day Conference and Exhibition Pass (Mon – Wed)
£1,320SAVE £375
£1,445SAVE £250
£1,570SAVE £125 £1,695 £250
4 Day Conference and Exhibition Pass + Workshop Pass (Mon – thurs)
£1,845SAVE £600
£2,045SAVE £400
£2,245SAVE £200 £2,445 £250
All prices are subject to 20% VAt.
London 2013
on-site registration/payment: GBP 150 + VAT surcharge will be collected and no discounts available. Early bird rates are contingent upon payment being received within 14 days from the registration date. Group discounts are available for three or more bookings from one company, please contact the organisers for more information
Please indicate which of the additional sessions you would like to attend (free with your delegate pass) Sun: Canada & Australia Day • Mon: IPO Briefing • Tue: Mining non-executive directors Masterclass Wed: Investing in Development Impact Bonds Workshop
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Yes, I would like to receive information on future events via email. By giving you my email address I am giving only the organisers the permission to contact me by email.
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