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.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.