Viva Las Vegas: Six speakers at Minexpo 2016
MINExpo INTERNATIONAL 2016, sponsored by the National Mining Association, is the largest show of its kind in the world – a two-day expo that showcases innovative technology and the expertise of mining leaders. From September 26-28 this year, hundreds of mining industry professionals and sector leaders from over 1800 companies will be in Las Vegas connecting with fellow professionals to try and solve some of the biggest challenges the industry is facing, before looking closely at the road ahead.
There will be an Opening Session, bringing together mining industry leaders to discuss the impacts of recent market conditions and the industry’s significant role in global development, prosperity and sustainability
In addition to the opening session, 20 education sessions will be taking place tackling the difficult and pressing issues that plague the current mining industry, led by some the most renown names across the sector.
Here are six of the big names speaking at this year’s event:
Phillips S. Baker, Jr., president and ceo, Hecla Mining Co.
The CEO and President of Hecla Mining Co., the largest primary silver producer in the U.S. Mr Baker is an Attorney, Certified Public Accountant and Certified Cash Manager. He holds a Master of Business Administration and JD degrees from the University of Houston.
Harry M. “Red” Conger, president and COO – Americas and Africa Mining, Freeport-McMoRan Inc.
President and Chief Operating Officer for Americas and Africa Mining, Freeport-McMoRan Inc. one of the top 10 producers of coppers in the world, accounting for approximately eight percent of total worldwide copper production. Conger is a registered Professional Engineer in both Arizona and Colorado.
Kevin S. Crutchfield, CEO, Contura Energy, Inc.
CEO of Contura Energy, created to acquire and operate Alpha Natural Resources' core operations in Northern Appalachia, the Powder River Basin and Central Appalachia. He is currently the chairman of the National Mining Association and previously served as chair of the American Coalition for Clean Coal Electricity.
Ted Doheny, president and CEO, Joy Global Inc.
Ted Doheny is CEO and President of Joy Global Inc., a mining machinery and services company serving surface, underground and hard rock customers worldwide. Since taking the reins at Joy Global in 2013, Doheny introduced Joy Operational Excellence processes, driving innovations to move the needle across the organization and for Joy Global’s customers. Innovations include the company’s JoySmart Solutions, industry-leading, fully integrated services to take mining customers to higher levels of safety and performance. Doheny is a member of Joy Global’s board of directors. He also is a member of the board of directors of John Bean Technologies Corporation (NYSE:JBT). He serves as a United States representative to the International Energy Agency’s Coal Industry Advisory Board and is a member of the U.S. Department of Energy’s National Coal Council Advisory Committee.
Gary Goldberg, president and CEO, Newmont Mining Corp.
President and CEO of the Board of Directors of Newmont Mining Corp, one of the world’s largest gold producers. Prior to joining Newmont, Mr. Goldberg was President and Chief Executive Officer of Rio Tinto Minerals, and served as Chairman of the National Mining Association in the United States from 2008 to 2010.
Denise C. Johnson, group president for resource industries, Caterpillar Inc., and Chair, MINExpo INTERNATIONAL® 2016
Group president for Resouorce industries at Caterpillar Inc and Chair of MINExpo International 2016. A member of numerous outside boards, including Gearbox Group, Inc., The Center for Prevention of Abuse and OSF Saint Francis Hospital. Also serves as the Executive Sponsor of the Caterpillar Armed Forces Network Resource Group.
The education sessions will cover a wide range of topics related to the current mining industry climate. The sessions are designed to try and answer the questions that the mine industry is asking and being asked, is coal preparation still relevant? What will the journey to automation look like? How will the industrial internet drive and increasingly efficient mining operation? The sessions will also cover latest trends in mine safety, exploration, underground and surface mining techniques and ambitions as well as looking at the big question surrounding deep sea mining.
The confirmed industry leaders hosting these sessions will share case studies, successfully anecdotes and cautionary tales, product profiles, breaking down and looking at new applications that can take the industry forward – all with the goal of attendees and mining professionals to network and be inspired by their peers.
For a full breakdown of who will be where and when at the MINExpo International 2016, visit http://www.minexpo.com/education-sessions/
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Barrick profit beats expectations as copper, gold prices up
Barrick Gold has reported a 78% jump in first-quarter profit, beating analyst expectations thanks to rising gold and copper prices, and said it was on track to meet annual forecasts.
Production in the second half is expected to be higher than the first, the gold miner said, thanks in part to the ramp-up of underground mining at the Bulyanhulu mine in Tanzania and higher expected grades at Lumwana in Zambia, reports Reuters
Barrick’s first-quarter gold production fell to 1.10 million from 1.25 million ounces due partly to lower grades at its Pueblo Viejo mine in Dominican Republic.
Adjusted profit surged 78% to $507mn in the quarter ended March 31, from $285mn a year earlier, and Barrick announced a 9 cent per share quarterly dividend.
Stronger prices helped boost Barrick’s revenue from its copper mines in Chile, Saudi Arabia and Zambia by 31% from the fourth quarter. Overall earnings per share were $0.29, ahead of analysts’ estimate of $0.27.
“We expect a positive stock reaction to the earnings beat and strong cash flow,” said Credit Suisse analysts.
Potential for South Africa merger
Barrick CEO Mark Bristow, who has championed mergers across the gold industry, said he backed the idea of South Africa-listed miners Goldfields and AngloGold Ashanti combining.
Speculation has been swirling around the two companies and Sibanye-Stillwater, whose CEO Neal Froneman floated the idea of a three-way merger.
“I’m a South African, and this country has such a great mining history and it would be great to see a real gold business come out of the many failed discussions that we’ve seen,” said Bristow.
Goldfields declined to comment. In a statement, AngloGold Ashanti said it was focused on delivering on its growth plan to unlock value from its portfolio of gold assets.
Bristow also said he had met with the Democratic Republic of Congo’s new mines minister and other officials and was continuing to work on getting $900mn belonging to its Kibali mine joint venture out of the country.
“We have a solution, it just needs to be sanctioned by the appropriate authorities which haven’t been around for a while,” he said, referring to a recent government overhaul by President Felix Tshisekedi.