Sme current trends in mining finance april 29, 30 2013 in nyc preliminary agenda program

April 29-30, 2013City University of New York, Graduate Center

365 Fifth Avenue, New York, NY 10016

CURRENT TRENDS iN MiNiNG FiNANCE:

AN OpERATORS GUiDE

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CURRENT TRENDS iN MiNiNG FiNANCE:AN OpERATORS’ GUiDE: WhAT ARE LENDERS, iNvESTORS LOOkiNG FOR?

For Mining Industry and Finance ExecutivesAt the CUNY Graduate Center, 34th Street and Fifth Avenue, New York City

Monday, April 29 and Tuesday, April 30, 2013

SME - the Society for Mining, Metallurgy, and Exploration (www.smenet.org) together with the New York Section of the SME (www.smeny.org) is hosting the SME’s first annual conference on Current Trends in Mining Finance in New York on April 29 & 30, 2013. Intended for senior executives and mining industry specialists including bankers, analysts and investors; this two-day event will cover a range of important topics and trends including: project evaluation and investment decision-making; drivers of future industry mergers and acquisitions; tax and accounting issues facing the mining industry; risk factors in the current market environment; new sources of funding for mining projects; trends in mineral development agreements; and the impact of “soft” issues on mine development and finance. This is a unique opportunity to get current on important issues that affect project finance, investment, strategic planning and to network with fellow professionals. Register now, space is limited. To Register and See Conference Details Visit: http://www.smenet.org/public/Core/Events/eventdetails.aspx?iKey=CTMF2013&TemplateType=A

ScheduleMonday, April 29, 20138:00AM – 8:30AM Registration and Continental Breakfast8:30AM – 9:00AM Opening Remarks9:00AM – 10:25AM Sessions10:25AM – 10:55AM Coffee Break10:55AM – 12:35pM Sessions12:35pM – 1:30pM Hosted Lunch1:30pM – 3:10pM Sessions3:10pM – 3:40pM Coffee Break3:40pM – 5:30pM Sessions5:30pM – 7:30pM Hosted Reception

Tuesday, April 30, 20138:00AM – 8:30AM Registration and Continental Breakfast8:30AM – 10:30AM Sessions10:30AM – 10:55AM Coffee Break10:55AM – 12:25pM Sessions12:25pM – 1:30pM Hosted Lunch1:30pM – 3:50pM Sessions4:00pM – 5:00pM Networking Reception

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Organizing Committee

Tim AlchV.P & Senior Minerals Business AnalystTim Alch is a V.P. & Senior Minerals Business Analyst at Behre Dolbear & Company (USA) Inc. Tim is an International Business, Investment Analyst and Consultant with 25+ years of experience working within business units analyzing prospective, operating, management, strategy, technical, technology, valuation, transactions and investment issues for industrial and financial clients. He was an SVP of Anderson & Schwab Inc. and Equity Analyst at Dean Witter Reynolds, Prudential Securities, Paine Webber and Senior Consultant and Industry Analyst at World Steel Dynamics, Resource Strategies, Inc., CRU Inc. (London) covering global precious, base and industrial metals and minerals, mining, steel, coal, energy and related sectors. He is an Honors graduate of Amherst College in Geology and studied the Economic and Political impact of the Industrial Revolution and Modern Economy on the Global Mineral and Energy Resource Sectors. During his studies he was an intern of: Tenneco Inc. (mine planning), Drexel Burnham Lambert Inc. (commodity trading), South Dakota Geological Survey (water study), Union Miniere-NJ Zinc (mine geology) and continued study in the M.Sc. Mineral & Energy Economics program at Penn State. Tim has been on the Executive Committee of the New York City section of SME since 2008.

Alan OshikiAlan is a Managing Director at King Worldwide, a global stakeholder management firm, and has 25 years of experience in capital markets communications for IPOs, mergers, acquisitions, divestitures, crises, financial restructurings and other special situations. He also has ten years of direct mining industry experience in engineering, management and finance. Alan holds an MBA in Finance and Accounting from the University of Arizona and a BS in Mining Engineering from the University of Idaho. He has been a speaker and workshop leader with the NASDAQ Executive Forum, National Investor Relations Institute, Public Relations Society of America, the U.S. Agency for International Development, and the Brazilian Congress of Corporate Communication. He is also chairman of the New York City section of the Society of Mining Engineers.

BadgesIdentification badges may be picked up at the

Registration Desk for all pre-registrants.Badges should be worn at all conference events.

Sponsorship OpportunitiesPlease contact SME for available opportunities!Liz Jones · 303.948.4216 · [email protected]

SME Contact Information12999 E. Adam Aircraft Cir., Englewood, CO 80112

303.948.4200 · 1.800.763.3132 · [email protected]

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Day One - Monday, April 29, 20138:00 Registration and Continental Breakfast

8:45 CONFERENCE WELCOME BY CONFERENCE CO-CHAIRMEN Alan Oshiki, Managing Dir, Co-Head, Global Investor Relations - King Worldwide Investor Relations Tim Alch, Vice President and Senior Minerals Business Analyst – Behre Dolbear & Co

CONFERENCE CHAIRMAN’S OPENING REMARKS David Kanagy, Executive Director, Society for Mining, Metallurgy & Exploration

1.1 - AN OVERVIEW OF THE PAST TEN YEARS How have the capital markets changed? Who are the new players? In what capacity? Where has capital been raised in private, public markets; exchanges; private equity, etc.? What was impact of the financial slump in 2008 on capital markets, banking and finance? What commodities saw the greatest amount of investment, financings, exploration? Michael Cramer, Managing Director Global Metals & Mining, Citi Group Corporate & Investment Bank Orlee Wertheim, Head, Business Development - Global Mining Toronto Stock & Venture Exchanges

I.2 - OUTLOOK FOR BASE, BULK & INDUSTRIAL MINERAL & LATIN AMERICA’S CREDIT MARKETS What is ahead for copper, aluminum, iron ore, coking coal, potash, other industrial and precious metals? How does the supply/demand pricing of these metals differ? What is impact of BRICs; EMEAs; CIVETs? Where are growth opportunities for lenders, investors, miners, governments and service providers? How important are commodities in Latin America? What is ahead for LATAM’s credit markets? Lisa Morrison, Principal Consultant, CRU Tony Volpon, Managing Director, Head of Emerging Markets Research, Nomura

1.3 - WHAT ARE BANKERS’ VIEW OF RAISING CAPITAL AND THE OUTLOOK? How has ‘conventional’ bank lending, project finance and asset-based financing changed? Why? Who is getting funded? Juniors? Medium? Large Companies? Brown or Greenfields? Why? What are key issues and benchmarks investors, bankers etc. use to gauge success? What are the sweet spots to raise capital? How can management raise the odds? What are some of the regional issues in China, Latin America, Africa and OECD? Christopher C. Patterson, Executive Dir: Structured Finance (Americas), Caterpillar Mining Finance Keith Philips, Managing Director Global Head of Metals & Mining Investment Banking, Dahlman Rose Chris Henstock, Managing Director, Mining & Commodities Finance, Societe Generale

SESSION BREAK – Coffee, Phones, Emails, Etc.

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1.4 - REGULATORY AND COMPLIANCE ISSUES IMPACT ON MINING FINANCE & INVESTMENT How to define, estimate and report on resource and reserves re US, JORC, NI 43-101 regimes? How can mining companies be compliant about reports about core assets, i.e. ore resources? What measures and issues do mining companies, bankers, lenders, regulators focus on? How can the public and analysts interpret management reporting and progress? John Feddock, P.E. Senior Vice President, Marshall Miller & Associates (Cardno-MM&A) Ian Douglas, Group Executive Value Assurance Newmont Mining Corporation USA John Tumazos, Founder, CEO & President, Very Independent Research, LLC

1.5 - STRATEGIC AND FINANCIAL CHALLENGES FOR MINING COMPANIES What are risks and benefits of using derivative products to finance commodity production? How can companies manage commodity price, cost volatility, equipment delays, etc.? Are escalating capital and operating costs a game changer? Or will they decline soon? How do management challenges differ by stage of life, geology and jurisdiction? How are budgets, construction, development factored into capital structures? M. Stephen Enders, Executive Director & COO, Eurasian Minerals Inc. James Babbitt, Senior Project Finance Manager, Export Development Canada (CDC) Paul Shellman, Principal, Wainscott Commodities

LUNCHEON – followed by brief break for Phones, Emails, Etc.

1.6 - IMPACT OF GOVERNANCE STANDARDS ON INVESTMENT & FOREIGN DIRECT INVESTMENT How do changing regulations impact foreign direct investment, exploration and development? How have mineral concession agreements, governments, investors’ perceptions evolved? What rules are changing? Where? What is the state of the regulatory environment? What are the recent trends of foreign direct investment in various jurisdictions? Greg McNab, Partner, Baker & McKenzie LLP Dr. Alicia Campi, President, US Mongolia Advisory Group Perrine Toledano, Lead Economics and Policy Researcher Vale Columbia Center

1.7 - WHAT ARE ALTERNATIVE CAPITAL SOURCES AND WHO ARE THE PROVIDERS? What are the best options for non-dilutive means of raising capital? How do green and brown field projects tap the varied alternative sources of capital? When are Rights Offerings, Flow through Shares, Advance Sales, Off-Take Agreements best? What are the roles of private equity and sovereign wealth funds? Doug Sherrod, Managing Director, Financial Advisory, CPM Group LLC William Heissenbuttel, Vice President Corporate Development, Royal Gold, Inc. Cynthia Urda Kassis, Senior Partner Shearman & Sterling LLP

SESSION BREAK – Coffee, Phones, Emails, Etc.

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1.8 - TAX AND ACCOUNTING ISSUES IMPACTING MINING FINANCE What are key accounting issues that bankers focus on in the current regulatory environment? What metrics impact valuations and M&A e.g. impairment, write offs re mineral rights, etc.? Are best practices enough to stay compliant in an ever changing regulatory environment? How current regulations compare across jurisdictions? Will uniform codes ever exist? Bill Kohm, Partner, Dean Dorton Allen Ford PLLC J. Andrew Miller, Partner and Robert J. Stall, Principal, Ernst & Young LLP Lee Hodgkinson, Partner and Roy Hinkamper, Managing Director, KPMG LLP

1.9 - THE GLOBAL ECONOMIC AND POLITICAL LANDSCAPE FOR MINING What jurisdictions are looking most favorable for investors and miners? Which are trending badly? How does this landscape impact cross border M&A and foreign direct investment? What has been the impact on capital spend on exploration and development? What are the best places to invest and or operate in? Are they the same? Karr McCurdy, President & CEO, Behre Dolbear Group, Inc. Robert Bassett, Partner, Mining Team Leader, Holland & Hart LLP Robert Schafer Ph.D., EVP, Business Development, Hunter Dickinson Inc.

RECEPTION – FOOD AND BEVERAGE

DAY TWO - Tuesday, April 30, 2013

8:00 Registration and Continental Breakfast

2.1 - PRECIOUS METALS PRICES OUTLOOK AND HOW BEST TO INVEST? How have precious metals markets and investors reacted to changing perceptions of value? Are precious metals where opportunities continue to exist? Will the trend continue? What are the best vehicles for investors? Physical metals? Equities? ETFs? Why? Which miners are best positioned? How? Where are they raising funds? What has been the impact of the financial crisis? What is ahead? Henry Weingarten, President, AFund Justin M. Sullivan, Chief Operating Officer, Auramet Trading, LLC James R. Steel, Senior Vice President, Metals Analyst, HSBC Bank USA

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2.2 - BASE, PRECIOUS AND INDUSTRIAL MINERALS: PROPERTY AND PROJECT VALUATIONS What are the basics of exploration, developing, operating property and project valuations? What benchmarks and trends are important to evaluate in today’s marketplace? How have valuations, appraisals and due diligence changed in recent years? How have and should mining company management react to these trends? Adam Graf CFA, Managing Director, Dahlman Rose & Co. John Gustavson, President, Mineral Appraiser LLC Douglas B. Groh, Co-Portfolio Manager, Tocqueville Asset Management L.P.

SESSION BREAK – Coffee, Phones, Emails, Etc.

2.3 - WHAT TRENDS ARE DRIVING EQUITY VALUATIONS AND M&A TRANSACTIONS? What firms are participating in the M&A in the global and regional mining sectors? Where is the M&A activity greatest? By Commodity? Geography? Size of Firm? Will China and State Owned Enterprises continue to invest in resources? How is the M&A landscape changing? Which banks are the leaders? Are asset sales by the majors and others likely to continue? Todd Sibilla, Commodity Applications Specialist, Bloomberg LLP Lazaros Nikaes, Managing Director, BNP Paribas Doug Ward, Director-Business Development, Pan American Silver Corp

2.4 - CSR IMPACT ON CAPITAL INVESTMENT IN MINE PLANNING AND DEVELOPMENT What is required to maintain Social License to explore, develop and operate? What is IFC’s Performance Standards on Social & Environmental Sustainability? When and how best to manage and incorporate Best Practices at Pre or Design Stage? How important is assessing and measuring social impact when seeking to raise capital? How can management and investors plan for changing expectations? Jennifer Collins, Principal Consultant and Andy Churr, Partner, ERM Leslie Wolf-Creutzfeldt, Managing Director, Grayling USA Gary MacDonald, Principal, Monkey Forest Consulting Ltd

LUNCHEON – followed by break for Phones, Emails, Etc.

2.5 - SAFETY, ENVIRONMENT, SUSTAINABILITY AND LOCAL ECONOMIC DEVELOPMENT ISSUES How can executives, exploration and mining teams manage local, indigenous peoples’ expectations? Can management remedy social and environment issues at the exploration and operating stages? What is the role of safety, community engagement and “social license” to secure project viability? What strategies can management use? Do they differ at exploration and development stages? What is the value of and Is it possible to place a value of adhering with best practices? H. John Head, Senior Managing Director, Behre Dolbear - Americas Sharon Maharg, Senior Manager and Robert P. Langstroth, Ph.D, Principal Consultant, Environ John Shanahan, President and CEO, Revett Minerals Inc.

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2.6 - HOW TO PREPARE AND MANAGE CRISIS COMMUNICATIONS How can management anticipate and prepare for potential crises? What are best practices? Are natural e.g., weather crises handled differently than events related to operations? How can you anticipate local community, government, citizen, worker concerns? How to prepare for and wage shareholder activist actions, hostile takeovers, proxy fights? Jeroen Meijer, VP & Director of Crisis & Security Consulting, Control Risks Alan Oshiki, Managing Director, DF King Worldwide Gary MacDonald, Principal, Monkey Forest Consulting Ltd

SESSION BREAK – Coffee, Phones, Emails, Etc.

2.7 - WHAT IS REQUIRED OF MINING COMPANIES TO RAISE CAPITAL TODAY? What are the important financing alternatives and where are the key sources of capital today? What is the outlook for the capital markets, ability and means of miner’s to raise capital? How important are SWFs, SOEs, private equity, royalty streaming, forward sales, etc.? How about project financing, asset based financing and foreign direct investment? Ricardo Campoy, MD: Minerals Capital & Advisory Practice, Headwaters MB Benjamin Cox, Managing Director, Oren Inc. John P. Gravelle, CA, Partner, Mining Industry Leader for Canada & the Americas, PWC LLP Justin Anderson P.E., Analyst, Resource Capital Funds

2.8 – ROUNDTABLE DISCUSSION AND Q&A How best will miners finance growth via organic brownfield drilling, expansion or M&A? What will the future capital markets look like for miners to obtain new capital?

CLOSING REMARKS BY CONFERENCE CO-CHAIRMEN Alan Oshiki, Managing Dir, Co-Head, Global Investor Relations, King Worldwide Investor Relations Tim Alch, Vice President & Senior Minerals Business Analyst, Behre Dolbear & Co

SERVICE PROVIDER RECEPTION Refreshments for Delegates and Pre-Registered Guests This reception is to allow conference participants and any local New York entities interested in the subject that may network for a discounted cost to enter and participate: Mining Companies; Institutional and Individual Investors: Engineering and Consulting Service Providers Accounting, Legal and Corporate Services Companies: Government Consulate Economic and Trade Offices and Officers; News, Information, Data, Rating Agencies, Reporters, Trade Magazines

Conference Closing – Tuesday, April 30, 2013

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Sponsorship Opportunities

GOLD SPONSOR BENEFITS – $1,500 each• Opportunity to display one (1) 4ft by 6ft pop-up banner in the lunch and coffee break room • Prime recognition of company name on all 2013 Current Trends in Mining Finance: An Operators Guide

promotions and event materials• Sponsorship recognition ribbons for company personnel• Company logo on SME, UCA of SME and Tunneling Journal websites with a link to your company website

Silver Level Sponsor – $1,000 each• Opportunity to display company information at 4 of the lunch tables at the finical Symposium with 8.5 by

11 displays.• Second tier recognition of company name on all 2013 Current Trends in Mining Finance: An Operators

Guide promotions and event materials• Sponsorship recognition ribbons for company personnel• Company logo on SME websites with a link to your company website

Bronze Level Sponsor – $500 each• Third tier recognition of company name on all 2013 Current Trends in Mining Finance: An Operators

Guide promotions and event materials• Sponsorship recognition ribbons for company personnel• Company logo on SME websites with a link to your company website

Lanyards – $5,000 ExclusiveA lanyard is the item that hangs around the attendee’s necks and holds the official show badge. SME will

produce and distribute lanyards to ALL attendees and exhibitors on which only the sponsor’s company name will appear. Attendees love to keep these for years extending your exposure after the show.

PROMOTIONAL BENEFITS INCLUDE:• Exclusive: sponsors name on lanyards.• Recognition as a Gold Sponsor and the Opportunity to display (1) 4ft by 6ft pop-up banner in the lunch

and coffee break room.• Recognition of company name on signage.• Sponsorship recognition ribbons for company personnel.• Company logo on SME website with a link to your company website.• Acknowledgement in the 2013 Current Trends in Mining Finance: An Operators Guide’s Pocket Program.

Meeting Badges – $5,000 ExclusivePlace you company name on the badge of every 2013 Current Trends in Mining Finance: An Operators

Guide attendee!PROMOTIONAL BENEFITS INCLUDE:• Exclusive: sponsors name on badges.Recognition as a Gold Sponsor and the Opportunity to display (1) 4ft by 6ft pop-up banner in the lunch and

coffee break room.• Recognition of company name on signage.• Sponsorship recognition ribbons for company personnel.• Company logo on SME website with a link to your company website.• Acknowledgement in the 2013 Current Trends in Mining Finance: An Operators Guide’s Pocket Program.

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Coffee Breaks Monday or Tuesday $6,000 exclusive per day or 2 at $3,000 each per dayDate: Monday April 29th or Tuesday April 30th Time: AM & PM breaksThese coffee breaks are an ideal time for networking while attendees grab a cup of coffee. PROMOTIONAL BENEFITS INCLUDE:• Recognition of company name on signage • Sponsorship recognition ribbons for company personnel• Company logo on the SME websites with link to your company website• Acknowledgement in the 2013 Current Trends in Mining Finance: An Operators Guide’s pocket programADDITIONAL PROMOTIONAL BENEFITS FOR EXCLUSIVE SPONSOR ONLY!• Recognition as a Gold Sponsor and the Opportunity to display (1) 4ft by 6ft pop-up banner in the lunch

and coffee break room.

Symposium Luncheon Monday or Tuesday $8,000 Exclusive or 2 at $4,000 eachDate: Monday April 29th or Tuesday April 30th Time: NoonThese luncheon events are key networking opportunities for attendees to 2013 Current Trends in Mining

Finance: An Operators Guide. PROMOTIONAL BENEFITS INCLUDE:• Recognition of company name on signage • Sponsorship recognition ribbons for company personnel• Company logo on the SME websites with link to your company website• Acknowledgement in the 2013 Current Trends in Mining Finance: An Operators Guide’s pocket programADDITIONAL PROMOTIONAL BENEFITS FOR EXCLUSIVE SPONSOR ONLY!• Recognition of company name on napkins• Recognition as a Gold Sponsor and the Opportunity to display (1) 4ft by 6ft pop-up banner in the lunch

and coffee break room.• One complimentary full registrations for event

Monday Conference Reception $10,000 Exclusive or 2 at $5,000 eachDate: Monday April 29thThis reception event is a key networking opportunity for attendees to the 2013 Current Trends in Mining

Finance: An Operators Guide. PROMOTIONAL BENEFITS INCLUDE:• Recognition of company name on signage • Sponsorship recognition ribbons for company personnel• Company logo on the SME websites with link to your company website• Acknowledgement in the 2013 Current Trends in Mining Finance: An Operators Guide’s pocket programADDITIONAL PROMOTIONAL BENEFITS FOR EXCLUSIVE SPONSOR ONLY!• Recognition of company name on napkins• Recognition as a Gold Sponsor and the Opportunity to display (1) 4ft by 6ft pop-up banner in the lunch

and coffee break room.• One complimentary full registrations for event

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Opportunities to fit every marketing budget!__ Gold Level Sponsor ...........................................................................................................................$1,500 Each__ Sliver Level Sponsor ......................................................................................................................... $1,000 Each__ Bronze Level Sponsor .......................................................................................................................... $500 Each__ Conference Lanyards ............................................................................................................... $5,000 Exclusive__ Conference Meeting Badges.................................................................................................... $5,000 Exclusive__ Conference Coffee Breaks (Monday or Tuesday) ....... $6,000 Exclusive per day or (2) at $3,000 each per day__ Conference Luncheon (Monday or Tuesday) ..............$8,000 Exclusive per day or (2) at $4,000 each per day__ Monday Symposium Reception ........................................................$10,000 Exclusive or (2) at $5,000 each

2013 SPONSORSHIP ORDER FORM If you are interested in sponsoring a 2013 Current Trends in Mining Finance: An Operators Guide, please complete this form and fax or mail it to the address below. If you have any questions please contact Liz Jones at [email protected] or 303-948-4216

Company:

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I WILL SPONSOR THE FOLLOWING: Gold Level Sponsor

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Symposium Lanyard Sponsor

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Symposium Coffee Breaks Exclusive Co-Sponsor Monday Co-Sponsor Tuesday

Symposium Luncheons Exclusive Co-Sponsor Monday Co-Sponsor Tuesday

Monday Symposium Reception Exclusive Co-Sponsorship

METHOD OF PAYMENT Please send an invoice Enclosed is a check payable to SME $

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COMPLETE CREDIT CARD INFORMATION BELOW

Card Number Expiration Date _____ / _____ CRS CODE Card Holder Name Signature (required)

MAIL OR EMAIL COMPLETED FORM TO:Liz JonesMeetings DepartmentSME, Inc.12999 E. Adam Aircraft CircleEnglewood, CO [email protected]

FAX COMPLETED FORM TO (303)-979-3461If you have any questions please contact

Liz Jones at [email protected] or 303-948-4216.

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Attendee Registration Form CURRENT TRENDS iN MINING FINANCE

April 29-30, 2013

Mail Form & Payment by March 25, 2013To: Meetings Dept.

Society for Mining, Metallurgy and Exploration, Inc.12999 E. Adam Aircraft Circle, Englewood, CO 80112

Or Fax To: 303-979-3461 • Online: www.smenet.org

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Regstration Fees Registration includes Monday & Tuesday Luncheon, Monday Reception

Prior to After 3/25/13 3/25/13 SME Member M $600 $700 $ Nonmember NM $700 $800 $ Author AT $150 $250 $

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❑ Check for special needs. Please specify:

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