Event: Mines and Money Hong Kong 2015
The 8th Annual Mines and Money Hong Kong event commenced yesterday at the Hong Kong Convention & Exhibition Centre with more than 1,500 investors, financiers and mining developers in attendance, making it the largest mining investment conference in Asia.
Over 600 investors from 26 countries have registered, with a geographic concentration from Hong Kong and China. A pre-event survey conducted by Mines and Money indicated that 52% of registered investors have over $100 million of AUM and that 46% of investors are interested in mining companies with a market cap of under $100 million.
This year's high caliber speaker line-up of 150 industry leaders includes:
• Robert Friedland, Chairman of Ivanhoe Mines
• Nev Power, CEO of Fortescue Metals Group
• Frank Holmes, CEO and Chief Investment Officer of US Global Investors
• Doug Casey, Chairman of Casey Research
• The Hon Andrew Robb AO, MP Minister for Trade and Investment, Australia
Mines and Money is the leading international event series for capital-raising and mining investment, where investors and developers come together to network, hear market analysis, compare investment options and share knowledge.
The annual event delivers a platform for financiers and investors to seek mining investment opportunities, and global mining industry leaders to identify funding for their projects. The latest trends, intelligence and market updates of the mining industry will also be shared at the conference, forming a week of valuable learning, high-value networking and abundant deal-making opportunities.
The conference program will be interspersed with 10-minute company presentations from mining companies, each showcasing their unique investment opportunities; as well as panel discussions hosted by investors and industry analysts to address on key topics and issues.
On 26th March Thursday night the Mines and Money Gala Dinner is the setting for the Asia Mining Awards. These awards will celebrate the best and brightest from across Asia-Pacific's diverse mining industry. Categories include:
• Asian Country Award
• Asian Exploration Award
• Asian Corporate Development Award
• Asian Large Cap Deal of the Year
• Asian Exploration Deal of the Year
• Asian Mid Cap Deal of the Year
• Asian Chief Executive of the Year
• Lifetime Achievement Award
Read the entire press release here.
Low carbon world needs $1.7trn in mining investment
According to a new report from consultancy Wood Mackenzie, mining companies need to invest nearly $1.7trn in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world.
Cutting carbon emissions
The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global warming at a summit in April hosted by US President Joe Biden.
Meeting those targets will need large-scale deployment of electric vehicles, storage for power generated from renewables and electricity transmission, all of which require industrial materials, such as lightweight aluminium and metals used in batteries such as cobalt and lithium.
Wood Mackenzie analyst Julian Kettle calculated miners needed to invest about $1.7trn during the next 15 years to “deliver a two-degree pathway - where the rise in global temperatures since pre-industrial times is limited to 2°C”.
“At an industry level, there seems to be reticence around investing sufficient capital to develop future supply at the pace and scale demanded by the energy transition (ET),” he said.
Mining firms are wary of making heavy investments after their experience of the last decade when they invested in new capacity just as demand peaked, leading to a collapse in prices and revenues. They also need to please investors, who are unlikely to want to see dividends diverted to capital spending.
Rising demands of investors related environment, social and governance (ESG) issues further add to the challenge.
Australia, Canada and Western Europe carry a low ESG risk but some of the best resources are in high-risk areas, such as Democratic Republic of Congo, which sits on about half the world’s cobalt reserves according to the U.S. Geological Survey. “Given the need to meet tough decarbonisation and ESG targets, Western governments, lenders, investors and consumers will need to get comfortable operating in jurisdictions where ESG issues are more complex,” Kettle said.
Kettle said government support was needed to help miners comply with ESG issues to ensure production from high-risk areas was conducted in an acceptable way to consumers.
“Then, and only then, will the West be able to secure sufficient volumes of the raw materials needed to pursue the energy transition in the timescales envisaged.”