the global mining investment event for asia-pacific · the global mining investment event for...

THE GLOBAL MINING INVESTMENT EVENT FOR ASIA-PACIFIC

• Asia’s premier event for mining investment deal-making

• Superb networking opportunities with over 3000 senior decision-makers

• 270+ mining company exhibitors and 100+ project spotlight presentations

• Mines and Money Hong Kong 2014 Asia Mining Awards Gala Dinner (sold out in 2013)

WHAT’S NEW IN 2014?

• Exhibition extended to three days – BY POPULAR DEMAND

• Investor hosted round table discussions

• Chinese outbound investment pavilion

• Largest ever programme – 200 leading mining and investment experts over five action-packed days

PLATINUM SPONSORS GOLD SPONSORS

MARKET ANALYSIS AND INVESTMENT EXPERTISE FROM:

REGISTER BY

24 JANUARY TO

SAVE UP TO US$700

Peter Grosskopf, Chief Executive Officer,

SPROTT ASSET MANAGEMENT

David Harquail, President & CEO and Director, FRANCO NEVADA

David Awram, Co-founder and Executive Vice President,

SANDSTORM

Warren Gilman, Chairman & CEO, CEF HOLDINGS

David Baker, Managing Partner,

BAKER STEEL CAPITAL MANAGERS

Fanglu Wang, Senior Managing Director, CITIC CAPITAL HOLDINGS

Blake Olafson, Managing Director,

WHITEROCK CAPITAL

Frank Holmes, CEO and Chief Investment Officer,

US GLOBAL INVESTORS

Pan Guocheng, CEO,

CHINA HANKING

Peter Kuang, CEO,

ALPHA GROUP HOLDINGS

Jia Yu, Director,

CPI INTERNATIONAL MINERALS & INVESTMENT

Louis Rozman, Partner,

PACIFIC ROAD CAPITAL MANAGEMENT

Frank Veneroso, Partner,

VENEROSO ASSOCIATES

Biao Chen, Managing Partner,

JINJIANG MINING FUND

Marin Katusa, Chief Energy Investment

Strategist, CASEY RESEARCH

Bert Koth, Director,

DENHAM CAPITAL

Mason Hills, Partner,

RESOURCE CAPITAL FUNDS

Tom Butler, Global Head of Mining – IFC,

IFC – INTERNATIONAL FINANCE CORPORATION

Aaron Tay, CAIA, Manager,

HERITAS CAPITAL MANAGEMENT

Andrew Ballingal, Founder and Chief Executive Officer, BALLINGAL INVESTMENT

ADVISORS

Xi Xi, Director,

SAILING CAPITAL

THE LEADERS IN GLOBAL MINING INVESTMENT:

To register please visit www.minesandmoney.com/hongkong or call us on +852 2219 0111 #MMHK2014 tinyurl.com/MinesandMoney

MINES AND MONEY HONG KONG WILL DELIVER:

BY POPULAR

DEMAND:

Exhibition

extended to

three days

Egon von Greyerz, Founder & Managing Partner,

MATTERHORN ASSET MANAGEMENT

Robert Friedland, Executive Chairman,

IVANHOE MINES

Clem Sunter, Scenario Planner and former Chairman and CEO,

Gold and Uranium Division, ANGLO AMERICAN

Jim Sinclair, Chairman of the Advisory Committee, SINGAPORE PRECIOUS

METALS EXCHANGE

Nev Power, Chief Executive Officer,

FORTESCUE METALS GROUP

Yusuf Alireza, Chief Executive Officer,

NOBLE GROUP

James G Rickards, Managing Director, TANGENT CAPITAL

Michael Belkin, Author,

THE BELKIN REPORT

David Tice, Principal,

TICE CAPITAL

SPECIAL GUEST PRESENTATION:

T H E AU ST R AL I A N STO C KB RO KE R

REALM COALWolf PetroleumMongolian Oil & Gas Exploration Development Company

24-28 MARCH 2014 • HONG KONG CONVENTION AND EXHIBITION CENTREE X H I B I T I O N O P E N 2 5 - 2 7 M A R C H 2 0 1 4

www.minesandmoney.com/hongkong

www.tinyurl.com/MinesandMoney

What makes this Asia’s leading mining deal-making forum?

n 3000 senior decision-makers: the largest and most senior gathering of mining investors in Asia

n Record breaking 100+ mining spotlight presentations and 270+ mining company exhibitors offering valuable investment opportunities

n 100 leading mining investment speakers providing cutting edge market analysis n 55 hours of learning, networking and deal-making over five action packed days

INVESTORS: UNCOVER UNBEATABLE INVESTMENT OPPORTUNITIES FROM 270+ MINING EXHIBITORS

“ Mines and Money Hong Kong continues to surpass itself each year in attracting better and bigger companies as well as interesting and relevant speakers and as a result has become the mining show in Asia to attend. It is now a “not to be missed’ event in the diary for us.”

Bhagyash Dash, Director, Bromius Capital

MINERS: ACCESS FUNDING FROM ASIA’S LARGEST SINGLE GATHERING OF MINING INVESTORS “ Truly the best Asia Pacific conference around that has grown tremendously since it started. A very good mix of Asian investor contacts combined with a format that allows for corporate networking.”

Craig Lennon, Highlands Pacific

Why should you attend Mines and Money Hong Kong?

“ Mines and Money Hong Kong is now the ‘must attend’ conference for resource companies and investors in Australasia.” Damian Rooney, Argonaut

Pension fundsEquities fund managers

Private equity fundsRoyalty and stream financiers

Debt capital providers

Hedge fundsPrivate investors

Sovereign wealth funds Asset managersWealth managers

At Mines and Money Hong Kong you will meet:

ASIA’S PREMIER EVENT FOR MINING INVESTMENT DEAL-MAKING

“ The event is perfectly positioned to capture global junior miners and some of the most active investors in the space.”

Hedley Widdup, Lion Manager

n Exhibition extended to three days – BY POPULAR DEMAND

n Investor hosted round table discussions

n More buy-side investors presents than ever before

n Enhanced networking software for one to one meetings and deal-making

“ There is without a doubt no better conference than the Mines and Money annual Hong Kong gathering to hear about the latest outlook and opportunities for mining companies, capital providers, investors and service providers.”

David Herratt, Non-executive Director, Crosby Capital

Taking place in the networking exhibition hall, this is a unique opportunity to talk directly with a range of different investors in a relaxed environment.

Aaron Tay, CAIA, Manager, HERITAS CAPITAL MANAGEMENT

Adrian Day, ADRIAN DAY ASSET MANAGEMENT

Alain Fontaine, Partner, OCEAN EQUITY PARTNERS

Anthony Milewski, Principal, BLACK VULCAN RESOURCES

Bert Koth, Director, DENHAM CAPITAL

Biao Chen, Managing Partner, JINJIANG MINING FUND

Blake Olafson, Managing Director, WHITEROCK CAPITAL

Craig Smyth, Chief Executive Officer, LION SELECTION GROUP

David Awram, Co-founder and Executive Vice President, SANDSTORM

David Baker, Managing Partner, BAKER STEEL CAPITAL MANAGERS

David Harquail, President & CEO and Director, FRANCO NEVADA

David Tice, Principal, TICE CAPITAL

Didier LaMarche, Founder & CEO, ADAM SMITH CAPITAL PARTNERS

Egon von Greyerz, Founder & Managing Partner, MATTERHORN ASSET MANAGEMENT

Frank Holmes, CEO and Chief Investment Officer, US GLOBAL INVESTORS

Hedley Widdup, Manager, LION SELECTION GROUP

James Morrison, CEO and Principal, ROYALTY STREAM INVESTMENTS

James G Rickards, Managing Director, TANGENT CAPITAL

Jia Yu, Director, CPI INTERNATIONAL MINERALS & INVESTMENT

Jim Sinclair, Chairman of the Advisory Committee, SINGAPORE PRECIOUS METALS EXCHANGE

Jorge Ramiro Monroy, Managing Director, EMERGING MARKETS CAPITAL

Pan Guocheng, CEO, CHINA HANKING

Peter Kuang, CEO, ALPHA GROUP HOLDINGS

Peter Rozenauers, Director, ORION MINE FINANCE FUND

Delegates who would like to pre-register to attend or host a table, please contact Siobhan Corry on +612 8252 9406 or email [email protected]

INVESTOR HOSTED ROUND TABLES: New for 2014!

P R O G R A M M E H I G H L I G H T S :

T U E S D A Y 2 5 M A R C H

08.55 Keynote: Macro-analysis of the recovering global economy – and the impact on commodity prices

James G Rickards, Managing Director, Tangent Capital

16:40 Panel discussion: Update on the gold price – where will it move in the next year?

David Tice, Principal, Tice Capital

Frank Holmes, CEO and Chief Investment Officer, US Global Investors

Rod Whyte, Principal, Whyte & Associates

Egon von Greyerz, Founder & Managing Partner, Matterhorn Asset Management

Jim Sinclair, Chairman of the Advisory Committee, Singapore Precious Metals Exchange

09:45 Bail in – A Western world financial concept


10:05 A conversation with grumpy wise men

James G Rickards, Managing Director, Tangent Capital Michael Belkin, Author, The Belkin Report Jim Sinclair, Chairman of the Advisory Committee, Singapore Precious Metals Exchange Frank Holmes, CEO and Chief Investment Officer, US Global Investors

W E D N E S D A Y 2 6 M A R C H

08:45 China’s long term industrial outlook and domestic consumption mix

Frank Veneroso, Partner, Veneroso Associates

09:05 SOE Chinese outbound investment panel: The growing funding opportunity for mining projects

Jia Yu, Director, CPI International Minerals & Investment

Fanglu Wang, Senior Managing Director, CITIC Capital Holdings

Michael Weiss, MD – Partner, Sailing Capital

16:40 PE financing panel: Growing role of private equity in filling the funding gap

Bert Koth, Director, Denham Capital

Alain V. Fontaine, Partner, Ocean Equity Partners

Didier LaMarche, Founder & CEO, Adam Smith Capital Partners

Richard Crookes, Investment Director, EMR Capital

Louis Rozman, Partner, Pacific Road Capital

Mason Hills, Partner, Resource Capital Funds

T H U R S D A Y 2 7 M A R C H

09:00 What has caused investors to turn off, and what will it take to get them interested in resources again?

Peter Grosskopf, Chief Executive Officer, Sprott Asset Management

10:30 Out of the box keynote: 21st Century megatrends and the implications for the mining industry: How a fox sees them

Clem Sunter, Scenario Planner and former Chairman and CEO, Gold and Uranium Division, Anglo American

15:40 Where next for global markets? Asset allocation strategies for 2014

Michael Belkin, Author, The Belkin Report

For programme information and presentation submissions, please contact: Siobhan Corry, Programme Director, Mines and Money

[email protected] +612 8252 9406 #MMHK2014 tinyurl.com/MinesandMoney

mailto:[email protected]



08:00 Registration and morning coffee

09:00 Chairman’s opening remarks and business card exchange

09:10 Market themes and commodity prices 2014–18

• And the next China is..... China! Demand-side rejuvenation to 2018

• Commodity hotspots: Why there is cause for optimism and where

• Supply-side: The contrasting fortunes for coking coal and iron ore

• The boom is over: Long live the boom Dr Allan Trench, Regional Director, Australasia,

CRU Strategies, Professor, University of Western Australia

Mining company spotlights

09:40 Mawson West09:50 Talga Resources10:00 Trans-Tasman Resources10:10 Voyager Resources10:20 Greg Hall, Chief Executive Officer &

Managing Director, Hillgrove Resources

10:30 Coffee

10:50 Iron Ore – holding strong in the medium term?

• Why has the iron ore remained strong despite softening Chinese growth?

• Medium term Asian needs - predicting iron ore demand over the next three years

• Expansion programmes from the majors – how likely is a near term over supply?

• Who are the long term bears on iron ore and why?

Shaun Browne, Chairman, Ame Group

11:10 Iron ore spot pricing trends and the impact on long term planning for major projects

Pan Guocheng, CEO, China Hanking


11:30 Alara Resources11:40 11:5012:0012:10

12:20 Lunch13:20 Asian steel manufacturers perspective –

predicting future needs • Which emerging economies are set to drive

steel demand? • Steel recycling – current volumes and the

impact on demand for bulks • What are the government’s plans for the

future development of the steel industry? • How the steel industry could gain efficiencies

– and the impact on iron ore and coal


13:4013:5014:0014:10

14:20 Panel: Opportunities for copper – the increasing demand for a late cycle metal • Predicting growth in China’s demand - and what is the current volume in stock pile?

• Predicting medium term copper needs for other expanding economies

• Are project delays to copper mega-projects leading to a supply side crunch?

• To what extent is copper in a consolidation phase, towards a medium term price increase?

• Copper as a long term play opportunities for the patient investor

Moderator: Geoff Candy, Managing Editor, Mineweb Panellist:

Hongyu Cai, Managing Director, Research Department, China International Capital Corporation

14:50 Coffee


15:1015:2015:3015:4015:50

16:00 Panel discussion: Focus on India’s demand outlook

• The 12 month trajectory for India’s bulk commodity demands - what impact will the slowing economy have?

• India’s power needs and the impact on coal and energy imports

• What is the outlook for domestic growth? • Which other metals shortages can

investors take advantage of? • The upcoming election and the potential

impact on the economy Jayant Bhandari, Senior Analyst, Anarcho Capital 16:20 Panel discussion: Price outlook for

coking coal • How long will it take for the market to

recover? • Are we at the bottom of the price curve? • How much will a softening in Chinese

growth affect the price? • The Chinese import ban on lower quality

coal - is this still being planned, and what impact will it have on the market?

• What is the impact of new gas discoveries on the demand and price for coal?

• How increased US coal exports to China will impact price

Shaun Browne, Chairman, AME GROUP

16:50 Closing remarks from the Chair

17:00 Close

OFFICIAL OPENING OF MINES AND MONEY HONG KONG 2014

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GLOBAL MINING INVESTMENT EXPERTISE


MONDAY 24 MARCH 2014 BULKS, BASE AND INDUSTRIAL MINERALS DAY

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MONDAY 24 MARCH TUESDAY 25 MARCH WEDNESDAY 26 MARCH THURSDAY 27 MARCH FRIDAY 28 MARCH

BULKS, BASE AND INDUSTRIAL MINERALS CONFERENCE DAY 1 CONFERENCE DAY 2 CONFERENCE DAY 3 POST-CONFERENCE WORKSHOPS

BULKS Mining in a Day

PLENARY SESSIONS:

Keynotes and exhibition day 1:

The state of the mining industry and outlook for metals and

minerals demand

PLENARY SESSIONS:


State of Asian demand for resources

PLENARY SESSIONS:


Who is funding the next generation of mines?

A one day guide to hedging and market risk management

Morning: The reporting

of exploration results, mineral resources and ore reserves –

what do we

11:00 Coffee 11:00 Coffee 11:00 Coffee 11:00 Coffee 11:00 Coffee

BASE Mining in a Day

PRECIOUS AFRICA

ASX Listing w

orkshop

PRECIOUS ASIA

Mining m

inister’s sum

mit

BULKS AMERICAS

Smart m

ining sym

posium


The reporting of exploration results,

mineral resources and ore reserves – what do

we really mean?

13:00 Lunch 13:00 Lunch and investor hosted round tables 13:00 Lunch and investor hosted

round tables 13:00 Lunch and investor hosted

round tables 13:00 Lunch

BULKS Mining in a Day

PRECIOUS AFRICA PRECIOUS ASIA

Mining m

inister’s sum

mit

SPECIALITY BASE

Smart m

ining sym

posium


Afternoon: Mining economics –

the basics

15:10 Coffee 15:10 Coffee 15:10 Coffee 15:10 Coffee 15:10 Coffee

BASE Mining in a Day

PLENARY SESSIONS – PRECIOUS

PLENARY SESSIONS – INNOVATIVE SOURCES OF FUNDING

Mining m

inister’s sum

mit

PLENARY SESSIONS – HOT PICKS

Smart m

ining sym

posium


Afternoon: Mining economics

– the basics

Official opening of Mines and Money Hong Kong

Networking Drinks Networking Drinks Gala black tie Awards Dinner Farewell drinks

AGENDA AT A GLANCE



11.40-13:00 CHOOSE A STREAM:

STREAM 1: PRECIOUS METALS

11:40 Gold Equities – time for a change in the business model? • Development-stage companies – the sector’s medium term future

source of supply – are trading below discovery cost. Are they unfinanceable?

• What is the current appetite for gold equity investment – what can producers do differently?

• Finance alternatives for developing a new mine • Introducing the Production Linked Dividend model for precious metal

producers – time shareholders get more than just a hole in the ground! David Baker, Managing Partner, Baker Steel Capital Managers


12:00 Sumatra Copper & Gold12:10 Atlantic Gold12:20 Crusader Resources12:30 Evolution Mining12:40 Gold Resource 12:50 Independence Group

STREAM 2: AFRICA

11:40 Keynote session: How the International Finance Corporation (IFC) supports sustainable mining projects

• Environmental and social sustainability and mining – emerging themes

• Options to consider when working with directly impacted communities

• Mitigating risk through optimising sustainability Tom Butler, Global Head of Mining,

IFC – International Finance Corporation


12:00 Equatorial Resources 12:10 Papillon Resources12:20 Volta Mining12:30 Alliance Mining Commodities12:40 Ampella Mining12:50 Discovery Metals

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TUESDAY 25 MARCH 2014 KEYNOTES AND EXHIBITION DAY ONE


THE STATE OF THE MINING INDUSTRY AND OUTLOOK FOR METALS AND MINERALS DEMAND08:00 Registration and morning coffee 08:40 Chairman’s opening remarks

and business card exchange Siobhan Corry, Programme Director,

Mines and Money Hong Kong

08:55 Keynote: Macro-analysis of the recovering global economy – and the impact on commodity prices

• Expansion in emerging markets amid recovering US and EU economies – what are the GDP growth outlooks?

• Outlook for growth and commodity demand from China, India and the rest of Asia

• Impact on trade flows and commodity outlooks • Where are we in the super cycle? • Asset allocation and investment strategies to

prepare for 2014 - the role of hard assets James G Rickards, Managing Director,

Tangent Capital

09.15 Panel discussion: A time to buy – are we in the early stages of the next bull market?

• Why mining companies are providing a once in a lifetime opportunities to buy

• Challenging the notion that Chinese growth is slowing – are they purchasing raw materials at record highs?

• When will the market stop feeling fear, and start getting greedy again?

• The opportunities for explorers and producers in the next boom?

• With large projects cancelled and prices rallying, are we looking at a supply side crunch?

Moderator: Warren Gilman, Chairman & CEO, CEF Holdings

Panellists: Rod Nichol, Managing Director, Lionsgate Capital

Andrew Ballingal, CEO, Ballingal Investment Advisors

Hedley Widdup, Manager, Lion Selection Group

Jayant Bhandari, Senior Analyst, Anarcho Capital

09:45 Bail in – A Western world financial concept • Is your faith required to be a bank depositor

misplaced? • Do you know the moment you make a bank

deposit you no longer have an asset but rather are legally an unsecured lender to the bank?

• Bail in can easily be avoided by simply utilising banks outside of the western system

• It is time to bank with the BRICS? Jim Sinclair, Chairman of the Advisory

Committee, Singapore Precious Metals Exchange

10:05 A conversation with grumpy wise men Questions to be asked of the panel may

include: • If you could change one thing about central

banks, what would it be? • If you were the head of state in your country,

what is the first thing you would change? • What is the worst investment decision you

ever made? What did it teach you?

• If you could leave behind a book for humanity to benefit from, what would it be?

• What advice would you give to yourself 10 years ago?

• If you would change one thing about the mining industry, what would it be?

• What would/do you invest in outside of mining?

Panellists: James G Rickards, Managing Director, Tangent Capital Michael Belkin, Author,

The Belkin Report Jim Sinclair, Chairman of the Advisory Committee, Singapore Precious Metals Exchange Frank Holmes, CEO and Chief Investment

Officer, US Global Investors


10:35 Sharyn Gol10:45 Undur Tolgoi10:55 Lindian Resources11:05 Majestic Gold

11:15 Sourcing liquidity: Where are miners finding funding

Jeff Easton, Managing Director, The Lind Partners

11:35 Five minute break to move into streams

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Taking place in the networking exhibition hall, this is a great opportunity for miners to talk directly with a range of different investors in a relaxed environment. Miners will find out how to make their projects more appealing to prospective investors.

13.00 – 14:00 Investor hosted round tables: ‘What do I have to do to attract investment?’

TABLE 1: Jim Sinclair, Chairman of the Advisory Committee, Singapore Precious Metals Exchange TABLE 2: Frank Holmes, CEO and Chief Investment Officer, US Global Investors TABLE 3: Aaron Tay, CAIA, Portfolio Manager, Heritas Capital Management TABLE 4: Craig Smyth, CEO, and Hedley Widdup, Manager, Lion Selection GroupTABLE 5: Peter Rozenauers, Director, Orion Mine Finance Fund TABLE 6: Anthony Milewski, Principal, Black Vulcan Resources TABLE 7: Pan Guocheng, CEO, China Hanking TABLE 8: Jia Yu, Director, CPI International Minerals & Investment TABLE 9: Biao Chen, Managing Partner, Jinjiang Mining Fund TABLE 10: Bert Koth,

Director, Denham Capital TABLE 11: David Tice, Principal, Tice Capital TABLE 12: James G Rickards, Managing Director, Tangent Capital

14:00 Investors panel discussion: Getting a balanced look at investment in Africa

This section will focus on investor experiences across the continent. Each speaker will give their experiences of potential mineral grades and returns, plus risk factors (including sovereign risk, mining taxes and access to assets).

• West Africa (Nigeria, Ghana, Mali, Burkina Faso, Niger) • East Africa (Kenya) • Central Africa (Gabon, Congo) • Southern Africa (Zimbabwe, Namibia, Botswana, Zambia • South Africa Moderator: Simon Handelsman, Contributing Editor/Adjunct Professor,

University of British Columbia

14:30 Case studies: Successful Chinese mining investments and other infrastructure developments

• Recent investments in Zambia/DRC/South Africa copper belt including: - CNMC in Chambishi - Jinchuan in Metorex - Minmetals in Anvil

• Private investments in airports and smelters in the Congo • China Railway building of the road in return for mining assets Xi Xi, Director, Sailing Capital

14:00 LionGold 14:10 Sirius Resources14:20 Manas Resources14:30 Rex Minerals14:40 Renaissance Minerals

If you would like to host a round

table, please contact Siobhan Corry on +612 8252 9406

or email siobhan.corry@minesandmoney

.com

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WEDNESDAY 26 MARCH 2014 CONFERENCE DAY TWO


@MinesandMoney

tinyurl.com/MinesandMoneyTo register please visit www.minesandmoney.com/hongkong or call us on +852 2219 0111

#MMHK2014 tinyurl.com/MinesandMoney


14:5015:00

15:10 Afternoon coffee

15:30 Examining the ‘forgotten metals’ Charles Fear, Chairman & CEO, Argonaut 15:50 Macro economy and the strategic

role of gold • Problems in the world economy • Money printing and the destruction of

paper money • Gold as the only currency that has survived

throughout history • The importance of physical gold for wealth

preservation Egon von Greyerz, Founder & Managing

Partner, Matterhorn Asset Management / GoldSwitzerland

16:10 Sex, babies and commodities • India has 600 million people under 25 years

of age • Over 1 billion people are connected in

Facebook • Every three seconds a baby is born • The need for commodities will remain healthy Frank Holmes, CEO and Chief Investment

Officer, US Global Investors

16:40 Panel discussion: Update on the gold price - where will it move in the next year?

• Where is the price going and what are the drivers behind it?

• QE jitters and inflation fears – what will shape gold’s pricing in 2014?

• Are gold equities at the bottom of the price curve? • An update on the political and economic

fundamentals shaping the gold market • The widening disparity between physical

and paper demand

• Re-monetisation of gold: will gold be going into special drawing rights?

• Debate: is gold a market based commodity? • The growing gold demand from the middle

class in emerging markets and the impact on price

Moderator: Rod Whyte, Principal,

Whyte & Associates Panellists: David Tice, Principal, Tice Capital Frank Holmes, CEO and Chief Investment

Officer, US Global Investors Egon von Greyerz, Founder & Managing

Partner, Matterhorn Asset Management / GoldSwitzerland


17:20 Close

08:00 Morning coffee


Siobhan Corry, Programme Director, Mines and Money Hong Kong

STATE OF ASIAN DEMAND FOR RESOURCES

08:45 China’s long term industrial outlook and domestic consumption mix

• Chinese 5-10 year economic outlook: Which commodities will China need?

• How much is growth really softening or just coming down from record highs?

• A shift from industrial to consumer demand: Opportunities for late cycle metals in China

• Which metals are going to be stronger than others? Winner and losers as China’s economy evolves

• Assessing the impact of non-performing loans and shadow banking on the Chinese economy

Frank Veneroso, Partner, Veneroso Associates

09:05 SOE Chinese outbound investment panel: The growing funding opportunity for mining projects

• Examining the transactional trends in Chinese outbound direct investment over the last five years

• What Chinese outbound investment can achieve in terms of access to consumers, resources, and expertise

• Investment versus asset ownership – what are the trends?

• Key success factors for a Chinese outbound investment

Panellists: Jia Yu, Director, CPI International Minerals & Investment

Frank Veneroso, Partner, Veneroso Associates Fanglu Wang, Senior Managing Director,

CITIC Capital Holdings Michael Weiss, MD – Partner, Sailing Capital

9:25 Strategies to thrive and grow in a challenging and changing market

• Update on the macro-economic forces shaping the bulk commodities mining business

• Growth plans: Key success factors for negotiating challenging markets

• Strategies to manage costs and maintain margins

• New funding models for mining business Yusuf Alireza, CEO, Noble Group

09:45 Meeting Chinese demand for Australian bulks Nev Power, Chief Executive Officer,

Fortescue Metals Group

10:05 Reducing capital investment risks within mining companies

Michael MacFarlane, Former Executive Vice President, Strategy & Business Planning, AngloGold Ashanti

10:25 Challenges and opportunities for the Australian resources sector

• Key themes from the last 12 months • Commodity price check • Success stories • 2014 outlook and recommendations

Rob Brierley, Head of Research, Patersons Securities


10:45 Alexander Molyneux, Chairman, Azarga Resources10:55 Celsius Coal11:05 Haranga Resources

11:15 Practical strategies for the reduction of mobile plant operating cost

• Optimising planned life • Driving the right mechanical availability target • Setting the right measures

Andy Coles, Executive Manager Business Development and Estimating, PT Thiess Contractors Indonesia

11:25 Five minute break to move into streams

Taking place in the networking exhibition hall, this is a great opportunity for miners to talk directly with a range of different investors in a relaxed environment. Miners will find out what alternative sources of capital are currently available and how to attract that investment.

13.10 – 14:00 Investor hosted round tables: Alternative funding – matching mines with innovative sources of capital

TABLE 1: Jorge Ramiro Monroy, Managing Director, Emerging Markets Capital TABLE 2: James Morrison, CEO and Principal, Royalty Stream Investments TABLE 3: David Awram, Co-Founder and Senior Executive Vice President, Sandstorm Gold TABLE 4: Didier LaMarche, Founder & CEO, Adam Smith Capital Partners TABLE 5: Alain Fontaine, Partner, Ocean Equity Partners TABLE 6: Adam Goern, TPA & Co TABLE 7: Bert Koth, Director, Denham Capital

TABLE 8: David Harquail, President & CEO and Director, Franco Nevada TABLE 9: Frank Veneroso, Partner, Veneroso Associates

Delegates who would like to pre-register to attend or host a table, please contact Siobhan Corry on +612 82529406 or email [email protected]

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STREAM 1: PRECIOUS METALS STREAM 2: ASIA

11:30 Precious metals’ role in the new monetary environment • Gold’s past role in history • Chances of a financial accident creating a necessity for gold backing • Potential for a gold standard to stabilise the economy and optimise

economic growth David Tice, Principal, Tice Capital


11:30 Investor panel discussion: Harnessing the investment potential of Indonesia • Overview of foreign investment into Indonesian mining: Success and failures • Understanding the regulations around foreign direct investment into Indonesia • Assessing the risks of posed by resource nationalism, fiscal instability

and new mining laws • Expected timescales for permit application to approval – potential for

project delays? • Understanding domestic process obligations – how might this impact

your investment

13:10 Lunch

12:00 Mineral Resources Authority of Papua New Guinea

12:10 One Asia Resources

12:20 East Asia Minerals 12:30 Mayur Resources 12:40 Great Western Exploration 12:50 Realm Resources 13:00 Highlands Pacific

12:00 Blackham Resources 12:10 Bullabulling Gold 12:20 Bulletin Resources 12:30 Caledonia Mining

12:40 Gold Road Resources 12:50 Kula Gold 13:00


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INNOVATIVE SOURCES OF FUNDING

15:40 Private Equity in metals and mining • Types of private capital funding for metals

and mining • Private equity versus the public markets • How aligned is private equity with the

objectives of mining entrepreneurs? • What do companies / CEOs have to do to

access private equity? • How does the process to raise funds from

a private equity fund look like? Bert Koth, Director, Denham Capital

16:00 PE financing panel: Growing role of private equity in filling the funding gap

• How much private equity is there available? • What companies and CEOs will succeed

in attracting private equity, and which ones won’t?

• How do the various private equity firms in mining differentiate themselves in terms of

- Investment size - Where in the life cycle they invest - Country risk tolerance

Moderator: Bert Koth, Director, Denham Capital Panellists: Louis Rozman, Partner,

Pacific Road Capital Mason Hills, Partner, Resource Capital Funds

Alain V. Fontaine, Partner, Ocean Equity Partners Didier LaMarche, Founder & CEO, Adam Smith Capital PartnersRichard Crookes, Investment Director, EMR Capital

16:30 Panel discussion: Venture capital in Hong Kong and sovereign wealth in the Asian century

• What is the vision for Hong Kong in its expanding role as a global center of mining finance?

• What innovative investment centre may Hong Kong develop as financial architecture to support robust sovereign wealth access in the global resource sector?

• What role can new venture capital models play to achieve productivity gains in the growth of resource companies into producing mines?

• Direct investment planned by China over the next 5 years will fund managers of new investment models in Hong Kong need to support?

Moderator: Adam Goern, TPA & Co Panellists: Marvin Lai, Senior Partner, Orient ES

Capital Group and Co-Chair, Venture Capital Committee, HKVCA

16:50 Update on royalty finance – recent funding successes

• Comparing the advantages of royalty versus stream finance

• Which projects are ripe for royalty finance? • Has royalty finance reach its full potential

in the funding mix? Is there room for more players?

• How does royalty finance stack up against more traditional funding - is it here to stay?

David Harquail, President & CEO and Director, Franco Nevada

17:10 Creating growth opportunities with streaming finance models

• Guide to the streaming finance model – and opportunities for mine developers

• How does stream finance fundamentally differ from royalty finance?

• Advantages of streaming models for reducing rising cost base risks

• What stream companies look for in a prospective investment project

• Recent funding success and expected returns for investors

David Awram, Co-Founder and Senior Executive Vice President, Sandstorm Gold

17:30 Close and Networking reception

THURSDAY 27 MARCH 2014 CONFERENCE DAY THREE

08:00 Morning coffee


Siobhan Corry, Programme Director, Mines and Money Hong Kong

WHO IS FUNDING THE NEXT GENERATION OF MINES?

09:00 What has caused investors to turn off, and what will it take to get them interested in resources again?

• Tackling the issues that turn investors away from projects: lack of performance, share price, dividends

• Investors: moving away from public to private investment?

• Is it a great time to buy undervalued assets?

• What sectors are pulling money away from mining?

Peter Grosskopf, CEO, Sprott Asset Management

09:20 Panel: A constructive discussion around the current funding environment for juniors

• With less investment capital to supply the junior end of the market, what does this mean for the size and shape of the future project pipeline?

• What indicators of quality should investors be looking for in a project?

• Why market cap is a misleading indicator of project quality

• What are the leading indicators of project quality?

• Are we looking at five years of minimal funding in the junior space and what can mine developers do about it?

• How many juniors are de-listing, moving exchanges, or going to PE: Delving into the metrics?

Anthony Milewski, Principal, Black Vulcan Resources

Blake Olafson, Managing Director, Whiterock Capital

Dr Peter Kuang, CEO, Alpha Group Holdings John Robertson, Director,

EIM Capital Managers


09:45 Queensland Coal09:55 Tigers Realm Coal 10:05 Wolf Petroleum

10:15 Making better economic mining decisions • Industry state of play • Industry areas for improvement • Why is mining different? • Technology areas for improvement • What is Enterprise Financial Modelling? • Benefits of EFM • The RPM Approach • What if?

Philippe Baudry, Regional General Manager – Australia, Asia and CIS, RungePincockMinarco

10:30 Out of the box keynote: 21st Century megatrends and the implications for the mining industry: How a fox sees them

• How to look at the future like a fox • The 21st Century megatrends together with

the latest global economic scenarios, flags and probabilities

• The implications for the mining industry Clem Sunter, Scenario Planner and former

Chairman and CEO, Gold and Uranium Division, Anglo American

11:00 Coffee

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For sponsorship, exhibition and spotlight presentations please contact Pablo Martin, Sales Director, Mines and Money:

[email protected] +44 20 7216 6063 #MMHK2014 tinyurl.com/MinesandMoney

STREAM 1: PRECIOUS METALS STREAM 2: ASIA

14:00 Gold market manipulation update Chris Powell, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.


14:20 Silver Lake Resources 14:30 Vatukoula Gold Mines 14:40 PanTerra Gold 14:50 Platina Resources 15:00 Besra 15:10 Metals X

14:00 Panel discussion: Chinese outbound investment trends – rise of private investors from China

• How QDII2 will increase flow of investment capital from China into the global resources market

• Why are Chinese investors emerging as a key player • How to access Chinese investors • Which geographies are attractive? • What are they investing in and in what volumes?

Panellists: Biao Chen, Managing Partner, Jinjiang Mining Fund Frank Veneroso, Partner, Veneroso Associates Xi Xi, Director, Sailing Capital


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14:20 Nautilus Minerals 14:30 Mandalay Mining & Metals 14:40 Empire Securities Group

14:50 Gulf Mines 15:00 Archipelago Resources 15:10 St Augustine Gold & Copper

15:20 Coffee

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STREAM 1: BULKS STREAM 2: AMERICAS

11:20 The evolving energy mix: what impact will new energy sources have on bulk demand?

• Shale and unconventional gas: how will it affect coal consumption? • Projected impact on thermal coal demand • Geopolitical impact: The balance of supply/demand for energy

between Russia, the Arab world, US and EU • How successful will the rest of the world be emulating US shale success? • The rise of green energy and the impact on bulks • What role will gas in general play in energy consumption in the next 10 years?

Panellists: Clem Sunter, Scenario Planner and former Chairman and CEO, Gold and Uranium Division, Anglo American

Marin Katusa, Chief Energy Investment Strategist, Casey Research 11:40 What investors need to know about investing in Shale Oil and Gas

• The seismic data challenge • Drilling challenge • Water Challenge • Geological challenge • Land position challenge • Decline • The real cost to penetrate a new shale basin • The winners and losers in the NA shale sector • The winners and losers in the Global shale sector which covers:

China, Europe, Australia and New Zealand, Russia, Middle East • The unconventional shale sector is now conventional exploration

and production Marin Katusa, Chief Energy Investment Strategist, Casey Research


11:20 North American markets, commodities, and mining investment • North American financial markets: Past, present, and future

performance • Commodities: Supply and demand for oil, copper, gold, and uranium • The changing financial sources for mining projects • Investment in exploration and mining companies • How to build a rewarding resource portfolio

Mickey Fulp, The Mercenary Geologist

11:40 Risks and returns in Latin America: panel of investor experiences This section will focus on investor experiences across the continent.

Each speaker will give their impressions of potential returns, and risk factors (including security and political risks).

Countries to be examined will be: • Peru • Chile • Columbia • Brazil • Argentina • Mexico

Panellists: Jorge Ramiro Monroy, Managing Director, Emerging Markets Capital Simon Handelsman, Global Issues Advisor, Adjunct Professor,

University of British Columbia


12:00 Centaurus Metals12:10 Western Potash12:20 Panoro Minerals12:30 12:40 12:50


STREAM 1: SPECIALTY STREAM 2: BASE

13:40 Panel discussion: Outlook for uranium – a shrewd long term investment? • Governments’ nuclear energy programmes – and the impact

on the demand/supply balance • How much inventory has Japan built up post-Fukishima?

Could it lead to an oversupply of the market? • The change in legislation from Greenland and the impact on supply,

and what opportunities this creates • What is the current Chinese stockpile? • As marginal producers are suffering from low prices, is it a good time to buy?

Panellists: Anthony Milewski, Principal, Black Vulcan Resources Marin Katusa, Chief Energy Investment Strategist, Casey Research


14:00 Peninsula Energy 14:10 Toro Energy 14:20 Black Range Minerals 14:30 Anatolia Energy 14:40 Matamec Explorations 14:50 15:00

13:40 Strategic minerals – To what extent are demand and supply constraints creating significant investment opportunities

• Identifying key metals and minerals with growing demand and supply-side constraints

• How resource nationalism is threatening supply chains for key minor metals and minerals

• Strategies to meet the challenge of investing into commodities characterised by small volumes

• Key picks for strategic metals mining projects to watch


Taking place in the networking exhibition hall, this is a great opportunity for miners to talk directly with a range of different investors in a relaxed environment. Miners will find out how to make their projects more appealing to prospective investors.

13.00 – 13:40 Investor hosted round tables: ‘How a fund/asset manager views the current market’?

TABLE 1: Adrian Day, Adrian Day Asset Management TABLE 2: Blake Olafson, Managing Director, Whiterock Capital TABLE 3: Egon von Greyerz, Founder & Managing Partner, Matterhorn Asset Management / GoldSwitzerland TABLE 4: David Baker, Managing Partner, Baker Steel Capital Managers

TABLE 5: Peter Kuang, CEO, Alpha Group Holdings TABLE 6: Hedley Widdup, Manager, Lion Selection Group TABLE 7: Rod Nichol, Managing Director, Lionsgate Capital TABLE 8: Michael Belkin, Author, The Belkin Report

Delegates who would like to pre-register to attend or host a table, please contact Siobhan Corry on +612 82529406 or email [email protected]

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Mining company spotlight

15:30 Northern Minerals

THE FUTURE OF MINING15.40 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.

Michael Belkin, Author, The Belkin Report16:10 The mining of rare metals: How will 21st

Century process engineering technology change our outlook? Has grade been dethroned?

Jack Lifton, Co-founding Principal, Technology Metals Research

16:30 Major miners, junior miners, exploration companies: where are the best opportunities for investors

• Why gold mining shares have been such disappointments

• Has anything changed? • Seniors, juniors or exploration companies:

where are the best opportunities for investors? • Is this a way to limit the risk while retaining upside?

Adrian Day, Adrian Day Asset Management16:50 Appreciating the specialty metals backdrop

• Understanding the specialty metals opportunity • Differentiating potential winners from

perpetual ‘story’ stocks • Key considerations and catalysts going forward • Why specialty metal projects are difficult

to finance • Three Australian models of success

Richard Karn, Managing Editor, The Emerging Trends Report

17:20 Turning rocks into money • Why are the odds of discovery success so low? • Improving the odds is really quite simple • Red flags and misrepresentations in news releases • The current state of the junior miners

• The future bodes well for the junior explorers • A few stock ideas

Brent Cook, Independent Exploration Analyst, Exploration Insights

17:40 The future of mining: Asteroid mining • The specific, compelling opportunity • A new, nearly infinite resource supply: The vast

majority of asteroids were discovered only in the past decade; many are energetically closer than the Moon with ore grades 100x the richest precious metal mines on Earth

• A specific plan: Planetary Resources has identified the most valuable ore bodies in the Solar System. Vehicles are being built launched to prospect and claim them over the next five years

• A compelling business opportunity: Space mining is different, not necessarily harder. Discovery, prospecting, and extraction costs are comparable and sometimes less than terrestrial mining

Chris Lewicki, President and Chief Engineer, Planetary Resources

18:00 Close & Mines and Money Hong Kong Gala Awards Dinner

12:00 Bathurst Resources 12:10 Yıldırım Holding12:20 Altura Mining

12:30 Carpentaria Exploration12:40 12:50

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13:00 Lunch

15:10 Coffee

14:00 Chinalco Yunnan Copper Resources

14:10 KGL Resources14:20 Image Resources14:30 Sandfire Resources

14:40 Western Areas14:50 Rutila Resources15:00 Rox Resources

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ABOUT THE 2014 ASIA MINING AWARDS GALA DINNER

ASIA MINING AWARDS 2014 NOMINATIONS:

MINES AND MONEY HONG KONG 2014


ADDITIONAL SUMMITS, WORKSHOPS AND MASTER CLASSES

MONDAY 24TH MARCH

MINING MINISTERS’ SUMMITThe symposium will examine how mining companies and governments can create collaborative partnerships to achieve development goals for: • Social investment and sustainability • Environmental stewardship • Reduced jurisdiction risk • Increased investment stability Confirmed speakers: Hon. William (Bill) Richard Marmion

MLA BE, MBA, Minister for Mines and Petroleum,Western Australia

Henrik Stendal, Head of Geology Department, Ph.D., Ministry of Industry & Mineral Resources Greenland

Tom Butler, Head of Global Mining – IFC, IFC – International Finance Corporation

Andrew MacLeod, Affiliate Expert, Centre for Strategic and International Studies

08:30- Plenary sessions for 10:40 Mines and Money 10:40- Delegates move into 10:50 Mining Ministers’ symposium 10:50 Opening remarks from the Chair 11:00 Mining ministers’ showcase:

Why you should develop projects in our country?

11:00 Critical minerals in Greenland • Overview of the variety of world class

deposits of the critical minerals • Examining Greenland’s potential for

rare earth elements (REE) deposits - the largest known outside China

• Potential for large niobium and tantalum deposits

Henrik Stendal, Head of Geology Department, Ph.D.,Ministry of Industry & Mineral Resources Greenland

11:20 Myanmar resources investment potential

• Assessing the available mineral resources in Myanmar – deposits and potential grades

• The current state of the foreign investment law and implications for investors

• Recent success stories from foreign investors

Paul Lock, Managing Director, Mandalay Mining & Metals

11:40 Panel discussion: Where next for investment in Mongolia?

• Update on the new foreign investment law – a positive turning point for Mongolia?

• Impact of political interference on investment

• Update on the political situation and regulations under new leadership

• What is happening with the cancelled licenses currently in the Supreme Court?

• Assessing the infrastructure/rail issues

• Where are the success stories and next opportunities?

• Should people be investing in Mongolia right now?

12:00 Western Australia welcomes Asian resources investment

• Western Australia and Federal government both welcome resource development investment from Asia

• WA Government understands resource exploration and development

• Depreciation of Australian dollar means lower costs

• Processes for approving resource developments are being streamlined at State and Federal level

Hon. William (Bill) Richard Marmion MLA BE, MBA, Minister for Mines and Petroleum, Western Australia

12:20 Plus Ministers invited from: • Indonesia • Democratic Republic of Congo • Mozambique • Central Asia – Kurdistan,

Kazakhstan, Uzbekistan • South Africa • Guinea

• Philippines • Papua New Guinea • Peru13:00 Lunch

13:40 Majors’ panel discussion: What we are looking for in an investment destination

• Supporting community development goals

• Contributing to the economic development of the producing country

• Reducing country risks in project development and implementation

• Ensuring the outcome of the project adds value to the net present value of the company

• Anti-trust and anti-corruption legalisation

14:20 Government panel: How we can work with mining companies towards mutual goals

15:00 Investor panel: What they are looking for investment destinations

15:40 Case study: Developing partnerships with NGOs

16:20 Role of aid and development funding

17:00 Q&A and networking time17:45 Close and networking reception

WEDNESDAY 26TH MARCH

SMART MINING SYMPOSIUMMaximisation of assets and productivity, and new technology aimed to reduce production / operational costs 9:00 Risk management

in mining75% of all mining projects proposed for financing fail. Either they fail to secure financing, or they are financed and fail because of technical problems or commercial failure and fail to obtain further financial support. In order to develop and operate a successful mining project it is essential to identify and understand the risks involved and be aware of who takes what risk and how they can be mitigated. Critical tasks include identifying, analysing, evaluating, treating, monitoring and communicating mining risks. Current best practices and methods for mining risk management will be discussed.Simon Handelsman, Global Issues Advisor, Adjunct Professor, University of British Columbia

9:20 Need for innovation in exploration technology

10:20 Maximisation and productivity

11:00 Morning coffee11:20 New technology

aimed to reduce production / operational costs

12:00 Sustaining and optimising existing assets

12:40 Streamlining costs in exploration

13:20 Lunch14:20 Minimising costs

of extraction

15:00 Minimising costs in production

15:40 Improving underperforming assets

16:20 Productivity and labour productivity benchmarking

17:00 Close of symposium

Morning workshop: 09:00 – 12:30

THE REPORTING OF EXPLORATION RESULTS, MINERAL RESOURCES AND ORE RESERVES – WHAT DO WE REALLY MEAN?Who should attend: project developers, investors, advisors, aspiring competent / qualified personsPresenters: Mark Noppe, GM Development, and Kevin Irving, GM Mining, Xstract Mining Consultants, www.xstractgroup.comThe public reporting of exploration results, mineral resources and ore/mineral reserves for listed companies is governed by the relevant country or international reporting codes, for example the JORC Code, SAMREC Code, the CIM, CSRISCO and SEC. Good practice and corporate governance dictates that any company reporting such results, whether publically or internally, should follow the appropriate guidelines to ensure consistent meaning and context for these reports for the benefit of all stakeholders. This workshop uses the most recently updated code, the 2012 JORC Code, as a basis for explaining the principles of materiality,

transparency and competence in technical reporting: navigating your project through the reporting requirements; exploring confidence and classification criteria; and examples of what can go wrong.

Afternoon workshop: 13:00 – 16:30

MINING ECONOMICS – THE BASICSPresenters: Kevin Irving, GM Mining, and Jeames McKibben, GM Corporate Advisory, Xstract Mining Consultants, www.xstractgroup.oomThis workshop covers the following basics of mining economics:• The global supply and demand

principles and what this means for commodity prices

• The inputs into a mining project economic model: production and sales volumes and grades, operating and capital costs, sales prices, taxes, and discount rates

• The consideration of project and country risk in the selection of discount rates

• Alternate methods for valuing mineral assets for early to advanced projects and operating mines

MINING IN A DAY A guide to mining industry fundamentals for non-mining professionalsMasterclass leader: Andrew Gaballa, Deputy General Manager, Global Mining Corporate Finance Samsung C&T• From geology, exploration and

extraction to mining costs, economics and profitability –

• A guide to the mining business for non-mining professionals.

08:00 Registration and morning coffee

09:00 Industry overview09:40 Guide to basic mineral

geology

10:20 Exploration and discovery11:00 Refreshments break11:20 Preparing to mine

– development and construction

11:40 Mining and extraction12:40 Q&A13:00 Lunch break14:00 Processing and delivery14:40 Life of mine and

mine closure15:00 Refreshment break15:20 Funding and financing16:00 Mining investment basics16:40 Questions and discussion17:00 Close

TUESDAY 25TH MARCH

IPO IN AUSTRALIA – ASX LISTING FORUM

11:20am – 12:50pm Presented by: James Posnett, Manager,

Listings Business Development, Australian Securities Exchange (ASX)

Aaron Constantine, Executive Director, Head of Corporate Finance, Patersons Securities

Mark Paganin, Partner, Clayton Utz

This listing forum aims to provide you with relevant and practical information on how you can access equity funding in the Australian capital market. With over 1,000 listed resource companies and a total resource sector capitalisation of over A$340 billion, ASX is the largest capital market for resources in Asia. ASX has provided a platform for raising

mining and exploration capital for over a hundred years and is a leading international centre for financing resource projects around the world. The forum will give you an opportunity to ‘ask the experts’ and will cover topics such as: • The key benefits for mining and exploration

companies listing on ASX relative to other markets • The significance of Australia’s funds management

industry which has the world’s 3rd largest pool of investable funds

• The Australian regulatory requirements for listing and fundraising, and ongoing disclosure requirements

• The current Australian market environment for resource equity financing and details of capital raising mechanisms that have worked for recent listings

THURSDAY 27TH MARCH FRIDAY 28TH MARCH

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A ONE DAY GUIDE TO HEDGING AND MARKET RISK MANAGEMENT09:00 - 16:00

Workshop leaders: Sean Russo, Managing Director, and Haran Siva, Director, Noah’s Rule

MORNING SESSION Basics of hedging products and commodity debt• Construction of

forward markets• Backwardation /

Contango – what are they, do they matter?

• Options vs. forwards - why and when

• Debt types – gold loans, pre-pays

Policy construction• Essential elements of

sound risk management• How debt changes

everything• Why an “Inside-Out”

policy beats “Outside-In”

• Discussion of common mistakes/myths

• Risk analysis and hedging limits

• Identifying your point of pain /point of panic

• Creating a sustainable risk management policy

AFTERNOON SESSION Hedge implementation and strategy• Answering the

hedging questions: Why hedge? Do you need to? In what manner to hedge? When is it ok not to hedge?

Case study and next steps• Real examples in action• What has worked in

recent past• What have we advised• What are we telling

clients to do now

FRIDAY 28TH MARCH



www.xstractgroup.com

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Mines and Money Hong Kong 2014 will feature a whole week of social events to help you maximise your networking opportunities in Hong Kong. There will be networking drinks receptions each evening and on Thursday 27 March we will be holding the black tie Mines and Money Hong Kong 2014 Asia Mining Awards Gala Dinner (sold out in 2013)

Venue: Hong Kong Convention and Exhibition Centre Capacity: Limited to 800 (sells out early – so book your tickets soon) Table bookings: To secure a branded table of ten for your company email [email protected] for prices and availability

Nominated by the industry and shortlisted by the editorial team at Mining Journal and ResourceStocks, the Asia Mining Awards celebrate the best and brightest from across Asia’s diverse mining industry.

AWARD CATEGORIES INCLUDE: Discovery of the Year Project Development of the Year • Deal of the Year • Mining Country of the Year • Social, Community or Environmental Project of the Year Mining Personality of the Year

The nomination process for the Asia Mining Awards 2014 will open in December – visit www.MinesandMoney.com/HongKong for more information.

ABOUT THE 2014 ASIA MINING AWARDS GALA DINNER

ASIA MINING AWARDS 2014 NOMINATIONS:

INVESTMENT COMPANIES WHO HAVE ATTENDED IN THE PAST TWO YEARS INCLUDE:

Mines and Money’s key premise is to introduce mining investment opportunities to the investment community. Over the past six years the Mines and Money Hong Kong has welcomed a huge number of investors from a wide variety of investment companies from all over the world. These buyside investors include fund managers, asset managers, private equity, investment managers, sovereign wealth funds, SOEs and private investors. Some of the companies who have visited Mines and Money Hong Kong over the past six years looking for investment deals are listed below:

AWARDS DINNER

For marketing and PR enquiries, please contact: Charlie Hastings, Marketing Director, Mines and Money


23 Degrees Capital Partners90 West Asset ManagementAbsolute Asia Asset Management Acacia Capital ManagementAccess Investment ManagementAcorus CapitalAcuity CapitalAdam Smith Asset ManagementAdrian Day Asset ManagementAdvanced Capital Partners Affinity CapitalAfricAsia CapitalAggregated CapitalAIF Capital Aiwin Asset Management Alliance International Holdings Allianz Global InvestorsAllied Strategic Resources AllPanther Asset Management Alpha Pacific Capital Alto CapitalAltruist Financial Group AM Capital Anjons Investments AP Capital Group APAC Resources Ark EquitiesArnott CapitalAsia Alternative Asset Management Asia Capital Investment PartnersAsia Hausse Capital Asia Pacific Investment PartnersAsia Resources CapitalAsia Star CapitalAsset Growth FundAswath CapitalAterra Capital Atlantis Investment Management Hong Kong Greystone FundAxiom Investment Management Baker Steel Capital ManagersBallingal Investment Advisors Barclays Natural Resource InvestmentsBaring Asset ManagementBaring Private EquityBarren Joey CapitalBeijing Huazan Investment Co Beijing Jiucai Mining Investment Co Beijing Yongtu Investment Co

Bennelong Asset ManagementBergen Asset ManagementBikini Atoll InvestmentBillion Million International Invest Bizzell Capital PartnersBlackPine Private Equity PartnersBosera Asset ManagementBromius CapitalBSP Capital BTG Pactual Asia Bucephalus Capital ManagementCanada Monetary CorporationCanada Pension Plan Investment BoardCannizaro Capital PartnersCannon Investment Management Capital Investment PartnersCapitalAsia Asset Management Carval InvestorsCCB International Asset Management CDIB Capital International CorporationCEF HoldingsCentral Asset InvestmentsCGS Asset Management Charlemagne CapitalCheever Asset Management Cheever Investment Group HoldingsChifley Investor GroupChimaera Capital ManagementChina Africa Development FundChina High Growth FundChina International Capital Corporation China Investment CorporationChina Life Franklin Asset ManagementChina Merchants Fund ManagementChina Mining United FundChina-Africa Development FundChina-ASEAN Capital AdvisoryCITIC International Assets Management CITIC Kazyna Investment FundCITIC Private Equity Funds ManagementCITIC United Asia Investments CITIC-Kazyna Investment FundClearwater Capital PartnersCM-Equity

CMS Asset ManagementCMU-CAP Asset Management Contango Asset ManagementCPI International Minerals & Investment Co Credit Suisse Asset ManagementCrown One Asset ManagementDa Vinci Asset ManagementDarwin Investment ManagersDenham Capital ManagementDing Tai FundEast Park Investment ManagementElement CommoditiesEmerging Markets CapitalEmerging Resources Capital PartnersEMR CapitalEtoile Asset Management Fidelity Asset ManagementFirst Reserve International Focus Capital InvestmentFortune Asset Management Fosun GroupFoundation Asset ManagementFrontier Asia CapitalFSP Funds Management Fujian Investment Group Galena Asset ManagementGazelle CapitalGeneral Enterprise Management Services – GEMS HK Genesis Investment ManagementGlobal Edge InvestorsGolden Investment Holdings Golden Touch Asset ManagementGottex Penjing Asset ManagementGovernment of Singapore Investment CorporationGrafton Resource Investment FundGreen Mountains InvestmentsGreenwoods Asset Management Grid Investment CapitalGriffin Family Super FundGrove Capital Group Guangdong International Capital Guangdong Rising Mining Investment Co Harmony Asset Management HCC Assets Management HFZ Capital Management

Hong Yun CapitalHony CapitalHQH Capital Infinitas Asset Management Inter-Asia Great Steppe ManagementInvestors GroupInvestors Mutual Ivory CapitalJaguar Asset ManagementJC Asset ManagementJefferiesJolimont CapitalJuniper Capital Partners Kazakhstan Hong Kong Development FundKeywise Capital ManagementKhan Investment Management Kima Capital ManagementKinetic Investment PartnersKingho InvestmentKIS Capital PartnersKorea Investment ManagementKylin International Investment Management L1 CapitalLainston CapitalLake House GroupLakePond Capital Legend Capital PartnersLeon CVM Capital ManagementLeopard CapitalLibra Capital ManagementLighthouse PartnersLIM Advisors LinQ GroupLion Selection Group LionRock CapitalLionsgate Capital LKF CapitalLloyd George ManagementLocantro CapitalLockheed Martin Investment ManagementLotus Asset Management LQ Asset Management Lunar Capital Management MacRitchie Metals Manulife Asset ManagementMaoming InvestmentMap Capital AdvisorsMatchpoint Investment ManagementMelbury CapitalMeridian Fund Managers

Merriman FundMillennia Investment ManagementMitchell Peterson Capital PartnersMitsubishi UFJ Investment ServicesMoore CapitalMoser Capital Mount Kellett CapitalMyriad Asset Management Noonday Asset ManagementNovena Capital ManagementOak Sky CapitalOaktree CapitalOasis ManagementOberweis Asset ManagementOC Funds ManagementOcean Equity Partners Oceana InvestmentsOceanic Asset ManagementOCH-ZIFF Capital ManagementOGL Resources Origo PartnersOtan Property Funds ManagementOzone Capital Pacific Road Capital ManagementPacific West Asia Asset Management Paradice Investment ManagementParadigm Capital ManagementPathway CapitalPeak Investment PartnersPegasus Global WealthPerennial Investment Partners Pernik Capital Philippe Investment ManagementPolunin Capital PartnersPrince Street Capital MangementPrivate Portfolio ManagersQinglan Blue Ocean Mining Investment FundQuam Asset Management Quam Capital Raffles Capital Ramornie CapitalRare Earth CapitalRBC Investment ManagementRDP Fund ManagementRedwood Capital Regal Funds Management

Regatta Capital Management GroupResource Capital Funds ManagementRhodium CapitalRichmond Asset Management Rongxin Capital Fund Management Rosemont CapitalRoyal GoldRuiHe InvestmentRun Dexin International Resources Investment Holding Saigon Asset ManagementSami FundsSativus CapitalSBI E2-Capital Asia Holdings SeaTown HoldingsSenrigan Capital Group Shikumen Capital ManagementShining Capital Management Silk Road ManagementSilverhorn Investment Advisors Sino Capital InvestmentSinolatin CapitalSinom HoldingsSparx Asset ManagementSpinnaker Capital Asia Pte Sprint Capital PartnersSprott Asset ManagementStanhillStratagem CapitalStrategic Venture Fund Strauss PartnersSwiss Asia Capital Taurus Funds ManagementTemasekThaddeus CapitalThe Electrum GroupThe Lind PartnersThe RBS Investment GroupThe Sentient GroupTrafalgar Capital ManagementTranscontinental Asset ManagementUpper Horn Investments Vulpes Investment Management Westoria CapitalWhiterock CapitalXLXYonghe Investments Yorkville Advisors Investment ManagementZiegler Asset Management

WEDNESDAY 26TH MARCH


www.MinesandMoney.com/HongKong



MINES AND MONEY HONG KONG 2014 SPONSORS

Mines and Money Hong Kong is the perfect location to showcase your brand and expertise to the mining and finance community. Contact [email protected] to join the list of leading companies already confirmed as sponsors for 2014

PLATINUM SPONSORS GOLD SPONSORS SILVER SPONSORS

MandalayMining and Metals

Runge Pincock Minarco

DIMENSION (5W x 9H), PAPER WT. (300 GRAMS), 3MM BLEED

C0 M0 Y0 K9.77

C0 M0 Y0 K59.77

C100 M82 Y0 K30

C100 M0 Y91 K42

C0 M95 Y100 K0

C0 M0 Y0 K90

INCORPORATING

OFFICIAL MEDIA

Follow us at @MinesandMoney

Join our LinkedIn Group at tinyurl.com/MinesandMoney

STAY UP TO DATE

SHOWCASING GLOBAL MINING TO ASIA’S CAPITAL PROVIDERS

Alara ResourcesAlcyone Resources Alliance Mining CommoditiesALS Minerals GroupAltan Rio MineralsAMEAmpella MiningAnatolia EnergyAnova / African EnergyArchipelago ResourcesArgonautAspire MiningASX Atlantic GoldAttila ResourcesAzarga Resources Azumah ResourcesB2GoldBathurst ResourcesBehre Dolbear International BesraBlackham ResourcesBlack Range MineralsBullabulling GoldBulletin ResourcesCaledonia MiningCarpentaria ExplorationCape Lambert Resources CazalyCelsius Coal

Centaurus MetalsChallenger Deep ResourcesChinalco Yunnan Copper Resources Crusader ResourcesCSA GlobalCuesta CoalDassault Systems Department of Mines and Petroleum Western AustraliaDiscovery MetalsEast Asia Minerals Emerging Asia CapitalEmmerson ResourcesEmpire Securities GroupEnergold DrillingEnterprise Uranium Equatorial ResourcesEvolution MiningFirst Majestic SilverFlinders MinesGeneral Nice GroupGold Reach ResourcesGold Resource Gold Road ResourcesGreat Western Exploration Gulf MinesGV Gold Haranga Resources HCF

Highlands PacificHillgrove ResourcesImage ResourcesIndependence Group Indodrill Group of CompaniesIntertek GenalysisIntierra RMGIron Ore HoldingsJing Capital Kasbah ResourcesKGL ResourcesKula Gold Lindian Resources Liongold Majestic Gold Manas ResourcesMandalay Mining & MetalsMatamec ExplorationsMatsa ResourcesMayur Resources Mawson WestMetals XMicromineMiddle Island ResourcesMineral Resources Authority of Papua New GuineaMinesonline.comMinistry of Industry and Mineral Resources Greenland

Ministry of Northern Development and MinesMonument MiningNautilus MineralsNorthern MineralsOlympus NDTOne Asia ResourcesOrpheus EnergyPanoro MineralsPanTerra GoldPapillon ResourcesPatersons Securities Peak ResourcesPeninsula Energy Perisson PetroleumPlatform CommunicationsPlattsPluton ResourcesProfessional Public RelationsPT SMG ConsultantsPT Thiess Contractors IndonesiaQueensland Coal Ravensgate Mining ConsultantsRBS MorgansRealm ResourcesRed 5 Reflex InstrumentsRenaissance MineralsRex Minerals

Rock PeopleRoma GroupRox Resources Runge Pincock Minarco Rutila Resources Sandfire ResourcesSharyn Gol Silver Lake ResourcesSirius ResourcesSNL Metals Economics GroupSnowdenSRK ConsultingSt Augustine Gold & Copper Sumatra Copper and GoldTalga ResourcesTigers Realm Coal Toro EnergyTrans-Tasman Resources Undur Tolgoi MineralsUnity MiningVatukoula Gold MinesVoyager Resources Western AreasWestern PotashWhite Rock Minerals Wolf PetroleumYildirim HoldingZimtu Capital Corporation

COMPANIES EXHIBITING AND SPEAKING

With the floorplan filling up fast, mining companies confirmed to exhibit at the 2014 show so far include:

Spotlight speakers and exhibitors Exhibitors



Add your social function to the calendar of events taking place alongside Mines and Money Hong Kong 2014

Mines and Money Hong Kong provides the ideal occasion to hold mining-related networking events in Hong Kong. If you would like to advertise your social function on the Mines and Money

Hong Kong website please contact Charlie Hastings, Marketing Director, Mines and Money on [email protected]

Please note, priority for listing will be given to event sponsors and supporters of Mines and Money.

OFFICIAL PR PARTNERS

T H E AU ST R AL I A N STO C KB RO KE R

REALM COALWolf PetroleumMongolian Oil & Gas Exploration Development Company


tinyurl.com/MinesandMoney

Minesonline.com




NEW EXTENDED FLOORPLAN FOR 2014

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Mines and Money Hong Kong is a place where relationships are born and deals are struck.

We are expecting more than 3000 participants at the 2014 event and the 270 stand exhibition is already filling up fast.

“I would say the event is a “must-go” for all those engaged in the industry.”Kenneth Wong, Project Manager, CITIC United Asia Investments

THE DEAL-MAKING FORUM FOR MINERS AND INVESTORS



OFFICIAL PR PARTNERS

SUPPORTING MEDIA AND ASSOCIATIONS

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Please indicate which days you would like to attend: 24 March 2014 25 March 2014 26 March 2014 27 March 2014 28 March 2014Please indicate which additional sessions you would like to attend (price included in the day passes): 24 March – Bulks, Base and Industrial Minerals Day 24 March – Mining in a Day

28 March – A guide to hedging and market risk management 28 March – (Morning) – The reporting of exploration results,

Delegate 1 (Please use BLOCK LETTERS)(Mr/Mrs/Ms/Miss/Dr) First Name Surname Job title Email Tel Mobile Fax

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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✓ Fee Table (USD) Days Book by 24 January 2014 SAVE Book before

28 February 2014 SAVE Thereafter

5 Day Pass 5 US$4,295 700 US$4,595 400 US$4,995

4 Day Pass 4 US$3,795 450 US$4,045 200 US$4,245

3 Day Pass 3 US$2,995 350 US$3,195 150 US$3,345

Gala Dinner US$295 US$295 US$295

I will attend:

[email protected]: Beacon Events Limited20/F Siu On Centre, 188 Lockhart Road,Wanchai, Hong Kong

Phone+852 2219 0111

Fax+852 2219 0112

On-site registration/payment: US$200 surcharge will be collected and no discounts are 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.

REGISTER NOW FOR THE BEST RATES

For hotel booking information please contact:Farrington American Express Travel Services

Tel (main): +852 2808 2828 Hotline: +852 3121 3121Fax: +852 2808 1234

Email: [email protected] Online: www.amextravel.com.hk

Hong Kong Convention & Exhibition Centre1 Expo Drive, Wanchai, Hong Kong, China

Tel: +852 2582 8888E-mail: [email protected] Online: www.hkcec.com.hk

VENUE INFORMATION

Brochure Code: MH800MS WEB Conference Code: MH800

HOTEL INFORMATION

Please Note: All discounts can only be applied at the time of registration and discounts cannot be combined. In the event that more than one discount is applicable, delegates will receive the discount with the highest value. All discounts are subject to approval. Please note the conference fee does not include travel or hotel accommodation costs. 1. Should you be unable to attend, a substitute delegate is always welcome at no extra charge. 2. Alternatively, the organisers can also provide a credit note for attendance at the any other Mines and Money event for cancellations received 14 days prior to the event. Alternatively, a 50% refund will be provided for cancellations received in writing (letter or facsimile) no later than four weeks prior to the event; thereafter we regret no refunds or credit notes can be arranged. 3. The organisers reserve the right to alter the programme without notice including the substitution, alternation or cancellation of speakers and / or topics and / or alternation of the dates and / or location of the event. 4. The organisers are not responsible for any loss or damage as a result of a substitution, alternation, postponement or cancellation of any event. ©2014 Mines and Money Events Ltd. All rights reserved.

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Payment Details (Tick one only) Accept enclosed cheque made payable to Beacon Events Ltd Please invoice me Credit Card (complete details on the right)

Conference Code: MH800

REGISTER NOW WWW.MINESANDMONEY.COM/HONGKONG #MMHK2014 tinyurl.com/MinesandMoney

28 March (Afternoon) - Mining economics – the basicsmineral resources and ore reserves – what do we really mean?

(Your card will be charged in HKD)



www.amextravel.com.hk


www.hkcec.com.hk



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