Who to see, what to hear

A rough guide to some of the more in­ter­est­ing pre­sen­ta­tions

Finweek English Edition - - Mining indaba -

AN­GLO AMER­I­CAN, BHP Bil­li­ton and Rio Tinto are some of the names of the pre­sent­ing com­pa­nies on the first morn­ing of the Ind­aba Min­ing Con­fer­ence, the most fully at­tended part of the three-day event. Those ma­jor di­ver­si­fied com­pa­nies will be joined by Gold Fields and Har­mony Gold, as well as Rand­gold Re­sources, Bar­rick Gold, New­mont Min­ing and An­gloGold Ashanti. To­gether, they com­prise the cream of the world’s pub­licly listed min­ing in­dus­try.

How­ever, to be hon­est some pre­sen­ta­tions are dessi­cated in­vestor re­la­tions ex­er­cises; oth­ers coma in­duc­ing. So it might be worth con­sid­er­ing the po­ten­tial mer­its of less favoured pre­sen­ta­tion slots. So al­low us to di­rect you to some “off-the-beat­en­track” gems. Tues­day, 11.40am: Pres­i­dent of Tan­za­nia, JAKAYA KIK­WETE AS WE ALL KNOW, politi­cians can be a big yawn. But this one looks like a pre­sen­ta­tion worth hear­ing. In a two-part speech, Kik­wete will first ad­dress ques­tions about whether his coun­try’s Min­er­als & En­ergy De­part­ment will im­pose more strin­gent levies and taxes, as has been sug­gested.

There’s also some spec­u­la­tion of ten­sion be­tween cen­tral gov­ern­ment and its mines de­part­ment on the mat­ter. Kik­wete, a for­mer mines min­is­ter, may clear that up.

In the sec­ond half of his speech Kik­wete will tackle how Africa can best ex­tract value from off­shore in­vest­ment were he pres­i­dent of the United States of Africa. Tues­day, 1.50pm – MARTIN MUREN­BEELD, Dundee Group of com­pa­nies THE FU­TURE for the gold mar­ket is per­haps the most hotly de­bated item in the min­ing in­dus­try world­wide. Muren­beeld is a world-renowned com­men­ta­tor on the ques­tion but not a fre­quent at­tendee at this con­fer­ence. (You’d nor­mally find him at the Den­ver Gold Fo­rum in Septem­ber.) Wed­nes­day, 2.30pm – MAR­TYN DAVIES, CEO Emerg­ing Mar­kets Fo­cus

Ex­pect Muren­beeld to pro­vide his sce­nar­ios con­cern­ing the gold mar­ket but also – to broaden the topic – an­chor­ing the fu­ture of gold in the be­hav­iour of cur­ren­cies. Specif­i­cally, Muren­beeld will show how the be­hav­iour of the euro and the US dol­lar af­fects the gold price. Wed­nes­day, 9.30am – JAN VESTRUM, CEO & Pres­i­dent Crew Gold FOR AN IN­SIGHT into a unique gold story this pre­sen­ta­tion might be worth a quick visit. Vestrum will speak on pro­duc­ing gold in Green­land, which is an al­ter­na­tive gloss on the lo­gis­tics of dif­fi­cult min­ing – some­thing with which African min­ers are well ac­quainted. PER­HAPS IN SIM­I­LAR vein to the Tan­za­nian pres­i­dent, Davies will be tack­ling how best Africa can ben­e­fit from the mas­sive in­vest­ment of China, in par­tic­u­lar, in the con­ti­nent’s nat­u­ral re­sources.

Of the US$50bn in China-African trade in 2006, the sur­plus was in favour of China. Ac­cord­ing to Stan­ley Subra­money, deputy CEO of Price­wa­ter­house­Coop­ers (China and Africa), and who has con­ducted work on the topic, that needs to be ad­dressed. Take An­gola, which has al­ready been af­forded $2bn in credit by the Chi­nese and which has in­vested $1,4bn in its oil fields. How in­ex­pe­ri­enced African gov­ern­ments deal with that scale of in­vest­ment is a ques­tion worth ask­ing. Thurs­day, 9.30am – GREG KIN­ROSS, CEO CIC En­ergy CIC EN­ERGY’S Greg Kin­ross is pre­sent­ing. His ex­act ma­te­rial is un­known, but this could be a good op­por­tu­nity to ac­quire an in­sight into po­ten­tial in­vest­ment by SA power util­ity Eskom in the Water­berg coal de­posit, on which CIC En­ergy’s Mmam­ab­ula project borders.

CIC En­ergy is backed by Tau Cap­i­tal, a Cana­dian busi­ness, which was be­hind the cre­ation of AfriOre – the com­pany Lon­min has of­fered to buy for US$441m. It will be in­ter­est­ing to see what CIC En­ergy plans for the $5bn Mmam­ab­ula project. Thurs­day, 9.50am – JONATHAN BENCNAAN, CFO Bate­man En­gi­neer­ing BATE­MAN – voted the best list­ing on Lon­don’s Al­ter­na­tive In­vest­ment Mar­ket last year – re­cently scooped the US$408m en­gi­neer­ing, pro­cure­ment and con­struc­tion of Equinox Min­er­als’ Lumwana project in Zam­bia.

Be­ing so close to the project pipe­line, Bate­man is there­fore of­ten a barom­e­ter of for­tunes in the fu­ture sup­ply of met­als. For ex­am­ple, it has re­port­edly taken new or­ders to US$500m – 185% year-on-year ahead of the $308m se­cured in its fi­nan­cial year ended June.

There’s also talk that it will clinch a $531m con­tract with Rus­sia’s largest di­a­mond miner, Al­rosa.

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