Speakers' Abstracts & Bios

CTMF 2019 Agenda - The 2019 Speakers' Bios are Below

Revisit this site for updates. NY SME is still accepting speakers' abstracts. Welcome first time visitors. Here are two announcements about CTMF 2019. Here is the second release.

New York SME extends a special thanks to the 2019 Diamond Sponsors. Please join them and all of the sponsors and supporters. Thank you all for helping to make CTMF 2019 possible. 
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BNP Paribas Corporate & Institutional Banking 


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RPA - Roscoe Postle Associates



RPM Global - visit their website


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Shearman & Sterling LLP 
Thank you Shearman & Sterling, the host of CTMF 2019 and all Sponsors
 

The New York Section of SME, the Society for Mining, Metallurgy & Exploration, is the organizer of the annual Current Trends in Mining Finance (CTMF) Conferences. The organizing committee welcomes abstracts about how management, lenders and investors use best practices and technology to anticipate, track and manage technical and non-technical risks impacting exploration and mining projects.
To submit abstracts and or to become a sponsor please contact Tim Alch, Co Chair timalch@gmail.com

Sunday April 28, 2019 - Two Workshops and Reception  
at New York Marriott East Side Hotel at 525 Lexington Avenue, at corner of 49th Street

Noon for lunch; Start at 12:30 PM; Refreshment break at ~2:45 PM; Workshop ends at 4:30 PM 

I.  Mine to Mill Reconciliation and Assessment of Productivity of a Mining Project over its Life: Importance of Post Investment Reviews – led by Abani Samal, PhD, CPG, Principal, GeoGlobal, LLC and Peter Christensen, Principal, RESPEC

II. Political Risk - Recognizing Its Impact on Mining Operations, Corporate Strategy and Investment Decision-Making – led by Michael Samis, PhD, P.Eng, Principal, SCM Decisions and team

After these two workshops we welcome all to register to attend a networking reception from 5 to 7 PM at the New York Marriott East Side Hotel at 525 Lexington Avenue, at the corner of 49th Street. Read about the receptions Space is limited for the Sunday reception to the first 100 registered guests. The Monday and Tuesday reception venues are larger. We hope you join us!

Monday April 29, 2019 - Day One of the Conference from 7:30 AM to 5:30 PM
at Shearman & Sterling LLP at 599 Lexington Avenue, at corner of 53rd Street
Check back for updates. Content, order and times are subject to change 

7:30 AM       Registration and Breakfast
                    Sponsored by _________               

8:30 AM       Welcome by Conference Chair and Host
8:35 AM       Opening Remarks by Conference Chairs

8:40 AM    I.1    Capital Markets Review and Key Trends in Mining

Citibank Corporate & Investment Bank: Michael Cramer, P.Eng., Managing & Technical Director, Global Industrials, Metals & Mining
BNP Paribas: Carlos A. Urquiaga, Managing Director, Head of the Americas, Structured Debt Metals & Mining

  • What is the current environment and outlook? What sources of capital are helping miners to survive?
  • What are the key drivers? How much capital has been raised in private, public markets, stock exchanges, etc.?
  • What are debt, credit and investor trends in mining telling us about performance and risk today?
  • Are junior, medium & large companies, brown and green field projects getting funded? How? Where?

Michael Cramer, P.E., is Managing and Technical Director in the Global Metals and Mining Group at Citi. Mike has been a senior industry specialist for metals, mining, energy and industrial minerals for 30+ years, including more than 20 years at Citi, where he has been involved in numerous corporate, project, commodity and acquisition financings, public and private underwritings, equity, leveraged and asset-backed financings and M&A for mines, smelters and refineries worldwide. Mike received a B.S. in geochemical engineering from the NJ Institute of Technology/Rutgers, a M.S. in mining engineering from the Krumb School of Mines and an ABD professional degree in mineral finance from Columbia University. He is registered as a P.E. in NJ and PA; CP in mining with the AusIMM; RM in mining with SME; QP in mining and ore reserves with MMSA; and a Senior Credit Officer at Citibank.

Carlos A. Urquiaga is Managing Director and Head of BNP Paribas’ mine financing team for the Americas. He is based in New York. Carlos has been a financier of metals and mining, energy and infrastructure assets for over 20 years and was involved in strategic corporate finance activities before transitioning to his banking career in New York. Prior to joining BNP Paribas in 2008, Carlos was a Director in Citigroup’s Global Project Finance team, where he held different positions, including origination, execution and portfolio management. He has advised on and / or financed the acquisition, development and expansion of mining and metal assets, infrastructure transportation assets, natural gas pipelines, refineries and electric generation projects throughout the Americas.

9:20 AM   I.2    Bankers' View of Capital Markets and Mine Financing

Commonwealth Bank of Australia: Alan Halimi, Managing Director, Metals & Mining (Ch)
Ernst & Young Canada: Jeff Swinoga, Canadian Metals and Mining Leader
To be announced

  • How are deals and financings being structured? How are terms and conditions changing?
  • What is the outlook? Has the sector bottomed? What are the sector and regional issues?
  • What are debt and credit trends in mining telling us about performance and risk today?
  • What are consequences of raising funds from PEs, ECAs, MDIs, SOEs, SWFs, and Governments?
  • Which types of projects are attracting bankers, lenders, investors and alternative sources of capital?

Alain Halimi is Head of Metals & Mining, Americas, for Commonwealth Bank of Australia. Alain leads Commonwealth Bank of Australia’s mining and metals debt platform for base, precious and specialty metals and bulk commodities in the Americas and EMEA. Alain has been a financier in natural resources, energy and infrastructure for 10+ years, originating secured and unsecured debt financing, project financing, acquisition financing, capital markets, mezzanine and holdco PIK financings and advising clients on a range of project financings, acquisitions and divestitures transactions. He has completed 100+ transactions with combined value of US$30+ billion in the Americas, EMEA and Asia Pacific. Earlier, Mr. Halimi was a VP at BNP Paribas New York in the Metals & Mining Structured Debt Group advising or arranging transactions for international mining and metals clients including origination, structuring, negotiation and closing of numerous limited and non‐recourse project & structured financings, in the capacity of agent/underwriter.

10:00 AM     Key Note Speaker: Resource Capital Funds: Ross Bhappu, Partner, Head Partner of Private Equity Funds

Resource Capital Funds (RCF) - Established in 1998, Resource Capital Funds (RCF) pioneered the concept of a mining-focused private equity fund. RCF is a specialist in mining and partners with companies to build strong, successful and sustainable businesses that strive to produce superior returns for all stakeholders. RCF’s management team consists of individuals with extensive commercial and technical experience in the mining industry.  www.resourcecapitalfunds.com

Ross Bhappu has been with RCF since the beginning of its second fund in 2001. His experience in the mining industry includes working for both major and junior mining companies in operational, business development and management roles.  

Prior to joining RCF, Ross served as the CEO of a development stage mining company. Additional experience includes serving as Director of Business Development for Newmont Mining Corp. and various technical and commercial roles for Cyprus Minerals Co. (now part of Freeport-McMoRan Copper & Gold) where was involved in the construction and operation of the rebuilt Miami Copper Smelter in Arizona.

Ross currently serves on the boards of directors of portfolio company Lighthouse Resources Inc. and the Lowell Institute for Mineral Resources.  He previously held Director roles with a number of mining companies including Traxys S.A., Molycorp, Constellation Copper, EMED Mining and Anglo Asian Mining. 

Ross recently concluded his three-year term on the board of directors of the Society for Mining, Metallurgy & Exploration (SME). He holds a Ph.D. in Mineral Economics from the Colorado School of Mines and B.S. and M.S. degrees in Metallurgical Engineering from the University of Arizona. 

10:30 AM     Refreshment Break 
                    Sponsored by Hatch Advisory                 
 

10:50 AM I.3    Mining M&A and Consolidation Trends – Shearman Room

Blake, Cassels & Graydon, LLP: Geoffrey Belsher, New York Office, Managing Partner (Ch)
Ernst & Young LLP: Robert Stall, MRICS, ASA, U.S. Mining & Metals Leader, Americas Director of the Capital Equipment Group, Transaction Advisory Services
To be announced

What are the implications of the recent mergers, acquisitions in the gold mining industry? Is this the start of a larger consolidation trend? What other mining sectors may be next? Will this result in better returns for shareholders? Or lead to jettisoning of non-material, non-core assets and write-downs? Is consolidation healthy? What issues and metrics impact valuations, M&A, impairments, write-offs and deals getting done? Are more cross-border transactions coming? How are changing ESG regulations, best practices and related issues being handled? Where is M&A activity greatest?

Geoffrey S. Belsher is the managing partner of Blake’s New York office. He specializes in cross-border M&A and corporate finance with a focus on the mining sector. Geoffrey advises Canadian, U.S. and international public and private companies, investment dealers, private equity, venture capital and alternative investment funds with respect to Canadian law matters. He frequently acts as lead special counsel to boards of directors and special committees in M&A and has been special counsel in a number of high-profile Canadian hostile takeover bids in the mining sector. Geoffrey is one of only a few lawyers in New York City ranked as a leading lawyer by The International Who’s Who of Business Lawyers – Mining 2016. He taught advanced M&A at the University of British Columbia Law School for 10 years before relocating to New York.

Robert Stall is a principal in EY’s Transaction Advisory Services group. He is U.S. Mining & Metals Leader, the Americas Director of the Capital Equipment Group and leads EY’s southeast area Valuation Advisors practices. Bob will discuss the current state and outlook for coal mining and power sectors. Mr. Stall represents the Capital Equipment team on EY’s Global Valuation and Business Modeling Steering Committee. He has been active in the appraisal industry since 1987. Mr. Stall specializes in valuing machinery and equipment in numerous industries. These studies have addressed a variety of value premises, including fair market value, fair value, investment value, liquidation value and forced liquidation value. These studies have been conducted for the purpose of financial and tax allocations, residual forecasting, sale-leaseback financing, asset-based financing, bankruptcy proceedings, interest expense apportionment, ad valorem tax and litigation.

10:50 AM I.3A  Metals Pricing Trends & Outlook: What’s Different? - Conference Room G/H

The World Bank: John Baffes, Senior Economist, Macroeconomics, Trade & Investment
CPM Group: Jeffrey Christian, Managing Director 
Bloomberg Intelligence: Mike McGlone, Senior Commodity Analyst
To be announced

This panel will focus on discussion of key drivers and the outlook for the metals markets. What is China’s impact? How is the mining industry managing the price volatility seen and the cycle in recent years? Which sectors and trends are favorable? What technical and regional issues impact pricing and margins realized by miners? How will economic growth worldwide and locally impact pricing, supply and demand? What is the outlook near term?

John Baffes is a Senior Economist with the World Bank’s Prospects Group where He is currently managing the Commodity Markets Outlook, a World Bank publication focusing on commodity market analysis and price forecasts. John has worked in several Units within the World Bank, including Latin America, South Asia, East Africa, Evaluation, Research. He has written extensively in the areas of economic development, agricultural economics, resource economics, and applied econometrics. John is also teaching an executive training course on Applied Econometrics for Commodity Markets. John has studied Economics (BS, University of Athens, Greece), Agricultural Economics (MS, University of Georgia, U.S.), and Agricultural and Resource Economics (Ph.D., University of Maryland, U.S.)

Jeffrey Christian is Managing Partner of CPM Group. Jeffrey has been a prominent analyst and advisor on precious metals and commodities markets since the 1970’s, with work spanning precious metals, energy markets, base metals, agricultural markets, and economic analysis in general. Jeffrey is considered one of the most knowledgeable experts on precious metals markets, commodities in general, and financial engineering using options for hedging and investing purposes. He is the author of Commodities Rising, 2006. He founded the company in 1986, spinning off the Commodities Research Group from Goldman, Sachs & Co. and its commodities trading arm, J. Aron & Company. He has advised many of the world’s largest corporations and institutional investors on managing their commodities price and market exposures, as well as providing advisory services to the World Bank, United Nations, International Monetary Fund, and numerous governments.

Mike McGlone is a senior commodity analyst for Bloomberg Intelligence. Mike specializes in the broad investible commodity markets. Mike joined Bloomberg in 2016 with over 25 years of futures and commodity trading and investing experience, beginning at the Chicago Board of Trade. Prior to joining Bloomberg, he was a head of U.S. research at ETF Securities. Prior to ETF Securities, Mike headed the commodity business at S&P Indices. His previous roles included head of futures research at ABN Amro and VP research, analyst, trader and sales at Aubrey G. Lanston / IBJ Futures. He is a CFA Charter holder and has earned a Financial Risk Manager (FRM) designation.

11:35 AM I.4  SEC Rule S-K 1300: Modernization of Property Disclosure for Mining Registrants - Shearman Room

Wood Plc: Harry M. Parker, Consulting Mining Geologist & Geostatistician (Ch)
Behre Dolbear Group: Bernard Guarnera, Director
Roscoe Postle Associate: Deborah McCombe, P.Geo, President & CEO, Principal Geologist
Groff Engineering & Consulting LLC: Brian Groff, Principal

Since the October 2018 announcement by the U.S. Securities and Exchange Commission about replacing Industry Guide 7, (IG7) there has been allot of interest about the impact of the changes on mineral property disclosure, valuation and due diligence. This panel will compare old Industry Guide IG7, with SME’s Guide for Reporting Exploration Information, Mineral Resources and Mineral Reserves and other CRIRSCO codes, guides, and standards; discuss the impact on Qualified Persons (QPs), Qualified Person Firms, Reliance on Third Parties, Independence of Qualified Persons; Reporting under S-K 1300 for Canadian registrants including MJDS and non MJDS filers, differences in the format of technical reports under NI 43-101 and S-K 1300 and Materiality, Confidentiality, Aggregation of properties in applying S-K 1300.

Harry Parker has been a consulting mining geologist and geostatistician for over 50 years and has been active in resource and reserve estimation for over 200 projects on six continents. He has used conditional simulation to evaluate the effects of uncertainty on tonnage and grade, and has used these to develop financial scenarios reflecting the uncertainty in common metrics, such as NPV. He has also studied and optimized the effect of selectivity on financial outcomes for mineral projects. Harry is past chairperson of CRIRSCO, the Committee for Mineral Reserves International Reporting Standards, and is past Co-Chairman of the SME’s Mineral Resources and Reserves committee.

Bernard Guarnera, Director and Chairman of Behre Dolbear (1991-2011) has over 45 years of experience in the international mining industry encompassing six continents and ferrous, non‐ferrous, base metal, industrial and energy minerals. Barney is a Certified Mineral Appraiser with the IIMA, Chartered Professional with AusIMM, Qualified Professional with MMSA, a Registered Professional Engineer (Texas) and a Registered Geologist (Idaho and Oregon). Barney specializes in assessing the technical and economic viability of mineral projects and properties and the valuation of mineral properties and mining companies. He has participated in billions of dollars of transactions related to the mining industry and acted as principal advisor to the Stock Exchange of Hong Kong, and its acquisition of the London Metal Exchange.

Deborah McCombe, P.Geo., President and CEO of RPA, has over 30 years’ experience in project management, feasibility studies, reserve estimation, due diligence studies and valuation studies. Deborah has worked in North and South America, Asia and Africa. Prior to joining RPA, Ms. McCombe was Chief Mining Consultant for the Ontario Securities Commission. Ms. McCombe is the author of numerous articles and presentations prepared to assist mining companies, lawyers and engineering professionals to better understand the Canadian disclosure rules for mineral projects (NI43-101). She was awarded the Robert Elver Mineral Economics Award by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for her contributions to the establishment of NI 43-101 and her efforts as head of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) in the coordination of worldwide standards for resource/reserve reporting. She is also the recipient of the Canadian Professional Geoscientist Award and is chair of the CIM Mineral Resource and Mineral Reserve Committee.

Brian Groff earned his B.S. in Mining Engineering from Missouri-Rolla and has served various roles over the past 20 years. He mined salt for Cargill before moving to Kentucky to work for Bucyrus, improving reliability of draglines and shovels operating in Eastern U.S. coal and industrial minerals mines. He began consulting in 2009 and earned his Professional Engineering license. Brian has viewed more than 120 coal and industrial minerals mines in his career, is a Competent Person having provided JORC-compliant reserve statements for coal and cement deposits, and is certified by the International Institute of Minerals Appraisers.  Brian is Co-Chair of the SME Resources and Reserves Committee.

11:35 AM I.4A  Critical Battery Trends’ Impact on Raw Materials Supply Chains - Conference Room G/H

Hatch Advisory: Robert Doyle, Regional Director, Investment & Business Planning (Ch)
Technology Metals Research, LLC: Jack Lifton, Co-Founder
Controlled Thermal Resources: Rod Colwell, CEO and Founding Director
House Mountain Partners: Chris Berry, President
To be announced

In recent years there is growing interest and technology developments and investment trends impacting critical mineral supply chains, including lithium, cobalt and nickel for example. This panel will highlight key challenges, end product and mining trends that impact financing mining, battery, energy storage and power generation: What are the challenges and constraints the financial and investment community face and opportunities to bring a new project to market in the battery metals space and difficulties associated with attracting capital to bring projects from concept to reality? 

Robert (Bob) Doyle brings over 15 years of experience in structuring and arranging financing for natural resource projects around the globe. Bob spent the first nine years of his banking career working in Washington, DC for the Export-Import Bank of the U.S. where he managed a portfolio of over $10 billion in projects around the globe. From 2011, Bob worked in New York for Sumitomo Mitsui Banking Corporation and ABN AMRO Bank in export, project and natural resources finance. Bob currently serves as the New York Regional Director for Hatch’s Investment & Business Planning group, where he oversees engagements with financial stakeholders to conduct due diligence on their planned investments.

Jack Lifton was a co-founder of Technology Metals Research, LLC. He is also a consultant, author, and lecturer on the market fundamentals of the technology metals, the term that he coined to describe those strategic rare metals whose electronic properties make our technological society possible. These include the rare earths, the battery metals, such as lithium and cobalt, and most of the rare metals. Educated as a physical chemist, specializing in high-temperature metallurgy, Jack was first a researcher before becoming both a marketing and manufacturing executive. Finally, he became a metal trader specializing in the field of technology metals and of rare metals.

Rod Colwell is a seasoned corporate executive specializing in property, geothermal and minerals commercial development.  Rod combines his 25 years’ experience in the property and energy sectors to lead the commercialization of new projects with an emphasis on value realization and capital management.  Rod currently leads the development of CTR’s rapid lithium extraction and geothermal project Hell’s Kitchen Lithium; located in California, USA.  The project is in the advanced stages of development and is driven by a clean energy mandate.  From concept and feasibility through to design and production, Rod’s leadership and vision is focused on ensuring secure, viable and competitive minerals and energy solutions for the future. 

Chris Berry, President, House Mountain Partners is an independent commodity analyst with a focus on how disruptive trends in energy, strategic metals, and technology create opportunities.  He provides strategic insights to clients in the academic and corporate worlds on the above topics and has a specific focus on Energy Metals including lithium, cobalt, graphite, vanadium, and rare earths. He speaks at conferences around the world and is frequently quoted in the press providing a vision on these topics. Chris has additional experience as the co-founder of a start-up for investors which dealt with ‘computing with words’ and also occasionally writes a blog titled The Disruptive Discoveries Journal.  Chris holds a Master of Business Administration in finance with an international focus from Fordham University, and a Bachelor of Arts in international studies from The Virginia Military Institute.

12:20 PM       Key Note Speaker Lunch  

12:35 PM      Key Note Speaker - to be announced 
                     Sponsored by _________

1:30 PM  I.5    Important Local, Federal, Government Tax Law Changes – Shearman Room

KPMG Canada, Penelope Woolford, Partner, International Corporate Tax Leader (Ch)
To be announced
To be announced

Join this panel discussion about tax uncertainties faced by mining companies operating in various jurisdictions. How do leading companies manage the tax function in light of legislative changes? This panel will address ways in which mining companies mitigate their tax risk in an environment of change and uncertainty and will focus on the potential impact on the mining industry in light of several new recent tax law changes as well as discussion of pending and discussed complex prospective tax changes around the world.

Penny Woolford, FCPA, FCA is the current National Leader of the International Corporate Tax practice of KPMG LLP (Canada). Penny has over 29 years tax experience specializing in corporate tax with an emphasis on International Tax, corporate reorganizations, financings and mergers and acquisitions. She belongs to a number of professional organizations, including The Institute of Chartered Accountants of Ontario, The Canadian Tax Foundation and the Canadian branch of the International Fiscal Association. Penny is a frequent speaker at tax conferences and has authored numerous articles on international tax matters. She has been recognized for the past three years by International Tax Review’s Women in Tax Leaders guide.

1:30 PM  I.5A  Extraterrestrial (Space) Mining, Challenges and Opportunities - Conference Room G/H

Colorado School of Mines: Jamal Rostami, PhD, Hadden/Alacer Gold Endowed Chair, Director of the Excavation Engineering and Earth Mechanics Institute (EMI), Department of Mining Engineering (Ch)
New Space Analytics LLC, Brad Blair, Managing General Partner
Penguin Automated Systems Inc.: Greg Baiden, PhD, Chairman and Chief Technology Officer
Near Earth LLC: Hoyt Davidson, Founder and Managing Partner

This panel will discuss the current technical, market and business case for Lunar Mining. The dialogue will focus on identifying primary and byproduct ores, markets and customers for lunar resources, the current state of technology readiness, primary risks, lunar exploration & excavation, requirements for mechanization and automation, financing options and investment opportunities.   

Dr. Jamal Rostami is the Hadden/Alacer Gold Endowed Chair and Director of the Excavation Engineering and Earth Mechanics Institute (EMI) of the dept. of Mining Engineering at CSM.  He has a BSc in mining engineering from Univ. of Tehran, Iran and his MSc and PhD in mining engineering in 1992 and 1997 from CSM, respectively.  He has been a faculty at Univ. of Tehran from 1988 through 2002, a full-time consultant with major A&E companies from 2002 to 2007 when he joined the Pennsylvania State University (PSU), as Centennial Chair of Carrier Development in Mining. He has over 26 years of experience in design, management, research, and teaching in the field of mining, tunneling, and underground construction.  Dr. Rostami is a registered Professional Engineering (PE) in Maryland, Pennsylvania, and Virginia.  He has published over 50 peer reviewed journal publication and 150 conference papers and many technical reports. He is a member of SME, ASCE, ARMA, ISEE, IRSME, IRRMS, and TRB AFF-60 tunneling committee. Dr. Rostami was named the recipient 2014 of the Pittsburgh Coal Mining Institute of America (PCMIA) 2014 Stephen McCann Memorial Educational Excellence Award. He is also the founder of Professors Without Borders (PWOB).     

Brad Blair holds degrees in geology, mining engineering and mineral economics from Colorado School of Mines.  In over 25 years of commercial mining and space resource related work, he has participated in several startup companies such as NewSpace Analytics, created the first commercial lunar resource business model for the NASA Exploration Team in 2002, developed models for commercial lunar mining for Raytheon and Bechtel, served as a consultant for the Canadian Space Agency to develop a plan for underground lunar mining, served as a Guest Lecturer on lunar and asteroid mining at Singularity University and has served on the Board of Directors for the National Space Society.  He is a trained and experienced cost estimator using the NASA and Air Force Cost Model (NAFCOM) and has competed in two NASA Centennial Challenges.  Blair is also the lead author of a book about Space Mineral Resources and has recently helped design a boulder grabbing and retrieval concept and prototype for the NASA Asteroid Return Mission (ARM) program.

Greg Baiden is Chairman and Chief Technology Officer of Penguin Automated Systems Inc., a leading private research and development company that provides mobile robotic technology solutions for numerous clients in various industries around the world.  Dr. Baiden holds a Ph.D. in Mining Engineering with a speciality in technology and economics. In 2001, he was awarded the prestigious Canadian Research Chair in Robotics and Mine Automation at Laurentian.   Dr. Baiden was a professor at Laurentian University for 14 years before leaving to grow Penguin Automated Systems Inc. in Naughton. Prior to this work he was a member of Inco Limited’s Senior Management Team from 1986-2001, Dr. Baiden was responsible for all corporate mining research including the development of the first pilot scale “Intelligent Mine”. Dr. Baiden served on the Board of Directors for several national and international boards.

Hoyt Davidson is founder and Managing Partner of Near Earth LLC, an investment bank focused on the space industry and providing M&A, strategic and financial advisory services and equity private placements. Formerly, Hoyt was a Managing Director at CSFB and DLJ where he co-founded Wall Street’s first dedicated coverage group for the commercial satellite industry. While there, he participated in financings totaling over $15 billion. Additionally: Board of XO Markets Holding, parent of NanoRacks; Space Foundation (Treasurer); NSS (VP-Development); MBA - MIT’s Sloan School (1987), Henry B. duPont III Scholarship for academic excellence; Senior Research Engineer at Lockheed Missiles and Space Company (1979 to 1985) and BS Physics - MIT (1979).     

2:20 PM  I.6    Navigating Financial Assurance Requirements for Mines – Shearman Room

McGriff, Siebels & Williams, Inc.: W. Cliff Yeckes, P.G., Sr. Vice President & Environmental Services Practice Leader (Ch)
Colorado School of Mines, Graham A. Davis, PhD, Professor Emeritus
To be announced
To be announced

Mines must provide financial assurance (FA) to satisfy environmental compliance, reclamation, closure and post closure obligations. While jurisdictional requirements differ; cash, letters of credit, surety bonds and combinations thereof are most often utilized.  How these instruments are secured, their cost and collateralization is based on the quality of the miner’s financials. Understanding each instrument is the first step.  However, balancing the ratios of these instruments is key to a successful financial assurance package that will satisfy all participating parties.  This panel will discuss the regulatory basis for the FA, the types of products which will satisfy the FA, securing those products, optimal FA structures, collateralization, attracting investors and recent examples.      

Cliff Yeckes
is a SVP and Environmental Practice Leader with McGriff, Seibel & Williams, Inc. For over 30 years, Cliff has been providing technical consultation and insurance brokerage to energy, mining, utility and commercial sector clients to reduce their geo-environmental risk and financial assurance obligations. These matters impact their current operations and legacy portfolios. He then assists in the development and implementation of approaches for prudently managing or transferring those risks, often utilizing insurance and surety products. Cliff earned an MBA from the University of Utah and a B.Sc. in Geosciences from the University of Arizona. He is a Registered Professional Geologist and licensed insurance professional in several states.

Graham A. Davis is William J. Coulter Professor of Mineral Economics at the Colorado School of Mines, where he has taught and researched mineral economics for 23 years. He holds a B.S. in Metallurgical Engineering from Queen’s University, an MBA from the University of Cape Town, and a Ph.D. in Mineral Economics from the Pennsylvania State University. Prior to joining academia Graham worked as a metallurgical engineer at mines in Canada and Namibia. His research focuses on the valuation of mineral and energy assets under uncertainty, and on the impacts of mining on economic and human development. He serves on the editorial board of Resources Policy, an international journal devoted to minerals policy and economics. Graham is a Registered member of the Society for Mining, Metallurgy, and Exploration. He is also a Fellow of the Australasian Institute of Mining & Metallurgy. In 2014 he received the Mineral Economics Award from SME/AIME.

2:20 PM  I.6A  Ocean Minerals: A New Frontier to Recover Minerals Conference Room G/H

Behre Dolbear Group: Chris Wyatt, Director (Ch)
Ocean Minerals LLC: Halkyard, CEO and President
University of Delaware: Saleem H. Ali, Ph.D., Energy and Environment Professor
To be announced

This panel of experts will discuss the latest trends and developments impacting the economic recovery of mineral resources, including critical metals from the ocean floors. Topics to be covered include: where is the first commercial scale operation going to be? what has changed in recent years making ocean mining economic? how are operators managing and navigating the regulatory environment? what equipment and technology makes it possible? what is the significance of these developments and where will the impact be felt in the global supply chain of minerals today?

Chris Wyatt has over 25 years of experience in the minerals industry including executive level operational and consulting management positions. He on the Board of Directors of Behre Dolbear and the President of WYCO a mineral advisory firm.  He is actively working with multiple Contractors in the evaluation of their contract areas in the Clarion Clipperton Zone (CCZ) and has participated in several evaluation sampling cruises. He is a Registered Member, Society for Mining, Metallurgy, and Exploration as well as a Qualified Person with the Mining and Metallurgical Society of America. He is a Certified Mineral Appraiser with the International Institute of Minerals Appraisers and a member of the Society of Economic Geologists, International Marine Minerals Society and the Deep-Sea Biology Society.

Dr. John Halkyard is an ocean engineer with over 40 years’ experience in deep ocean system development, including deep ocean mining and floating production systems (FPS). Between 1971 - 1980 he was Chief Ocean Engineer for a consortium pursuing manganese nodules led by Kennecott Copper Company. He also served as Secretary of the Consortium and was responsible for a detailed feasibility study compiled by Bechtel Corporation.  After the mining consortium closed in 1980 Dr. Halkyard engaged in a highly successful career in the offshore oil & gas industry. He returned to ocean mining in 2010 founding Deep Reach Technology, Inc. to provide consulting services, and in 2015 he founded Ocean Minerals, LLC to pursue a venture to extract rare earth elements from the seabed in the Cook Islands exclusive economic zone. Dr. Halkyard received his Sc. D. from MIT and is a registered professional engineer in California. He has served on the Marine Board of the NAE, is a Life Fellow of ASME, SNAME and a Member of SME.

Professor Saleem H. Ali is an environmental planner whose research and practice focuses on ways of resolving ecological conflicts.  Professor Saleem holds the Blue and Gold Distinguished Professorship in Energy and the Environment with tenure in Department of Geography at the University of Delaware.  He is also a Senior Fellow at Columbia University’s Center on Sustainable Investment.  Professor Saleem has held the Chair in Sustainable Resources Development at the University of Queensland’s Sustainable Minerals Institute in Brisbane, Australia (where he retains professorial affiliation).  His books include “Treasures of the Earth” (Yale University Press). He received his doctorate in environmental planning from MIT.

3:10 PM       Refreshment Break
                    Sponsored by Hatch Advisory

3:30 PM   I.7    Post Investment Technical Reviews to Avoid Risks of Loss of Value – Shearman Room

GeoGlobal LLC: Abani R. Samal, PhD, Principal (Ch)
RESPEC: Peter Christensen, Principal Consultant
Dundee Precious Metals: Ian Lipchak, P.Eng. Manager, Project Evaluation
To be announced

Investments of exploration and mining projects are made with an expectation of return on investment that is dependent on the performance of the execution of the exploration or mining project. In case of the exploration project, the success of exploration may result in growth of share value due to increased quantity and measurable confidence on mineral resources. For an operating mining project, the measure of success may be increased production of the metal or, consistent improvements in achieving targets (defined through a long term mine plan), which in turn contributes to the cash flow of the project. It is very important to review and monitor the performance of the project on a regular basis to ensure the return on investment and avoid risk of loss.  

Abani R. Samal has been in the mining industry since 1996. He has worked worldwide in various projects. D.r Samal is well-recognized in industry for his expertise in advanced geostatistics, mineral resource estimation and strategic advice for mineral resource development. Currently, he is providing consulting services to exploration and mining firms worldwide. Most recently, he advised Anglo American, Nevada Copper, World Bank, and Government of Nigeria.

Peter Christensen has extensive international mining experience. He has held senior positions with major mining companies, contractors, and service providers. Mr. Christensen has experience in managing feasibility studies, mine development, mining method and equipment selection, mine planning, cost estimation, and reserves estimation. He has conducted due diligence on mining assets on all continents; economic and financial evaluations of mining operations; reserve audits; operational and HSE audits; provided litigation support; and undertaken reviews of mining practices, cost structures, and operating performance. His commodity experience includes coal, lignite, potash, trona, oil sands, oil shale, gold, silver, copper, beryllium, tin, nickel, bauxite, mineral sands, limestone, aggregates, and clays.

Ian Lipchak, P.Eng. Manager, Project Evaluations Dundee Precious Metals, is a Mining Engineer with 16 years of experience in operations, consulting and technology.  He holds a B.Sc. in Mining Engineering from Queen’s University at Kingston, Ontario, where he also teaches an online course on Underground Mine Planning, and is a licensed Professional Engineer in the province of British Columbia.  Ian has worked at mines in Canada and the USA for Newmont, Barrick, Placer Dome and Goldcorp.  He has worked as a consultant with SRK Consulting and AMC Consultants in Vancouver, and also Datamine, where he managed their underground mine planning solution, and Maptek.  Dundee Precious Metals, along with MineRP and its other technology partners, has pioneered the integration of technology into the mine planning and operations process, enabling better decision-making and on-target results.  

3:30     I.7A  Energy Prices, Trends and Opportunities - Conference Room G/H

Northcott Capital: Richard Reeves, Managing Director (Ch)
PMV Research LLC: Michael Spohn, Independent Investment Analyst, Natural Resources
Capstone Headwaters: Ray M. McCormick, Managing Director, Energy & Natural Resources
Golder Associates Inc.: Mathew Oommen, Ph.D, Mining Practice Leader, Associate

This panel will focus on discussion of key drivers and the outlook for the coal and energy markets focused on North America and where the opportunities are. What is China’s impact? How is the industry managing the price volatility and changing regulatory environment in recent years? What technical and technology issues are impacting the sector the most? Margins realized by miners? How is global economic growth and locally impacting the outlook? 

Rick Reeves is a Managing Director at Northcott Capital, providing independent financial advisory services focusing on clients in the Americas, but including projects on a global basis, as required. He has 24 years of experience in: marketing, structuring and executing mining finance transactions and advisory; valuation; and mine feasibility and mineral development projects. Previously, Mr. Reeves worked as an investment banker at MUFG, Deutsche Bank and Barclays BZW. He has led or played integral roles in many transactions, e.g.: privatizations of British Coal and Siderúrgica del Orinoco, project financings of the Antamina mine and expansion of Cerro Matoso, valuation of Carbones del Caribe in advance of its sale by Cementos del Caribe, Walter Energy’s acquisition of Western Coal, refinancing of the Esperanza mine and design and structuring of the financing for NTEC’s acquisition of the Navajo mine. Mr. Reeves has a B.Sc. in Mining Engineering from the Colorado School of Mines and an MBA from the University of Chicago. He is a registered P.E. in Colorado, and holds Mine Manager/Foreman and Shotfirer certification in Colorado and Illinois.

Michael Spohn is an independent natural resources analyst with a focus on the oil & gas sector. He began his career as credit analyst including positions in the mining & metals team at Barclays Bank and natural resources group at NMB Bank (now ING). Later he was Vice President of consulting and research director at oil & gas boutique John S. Herold (now part of IHS Markit), followed by co-founding an independent research service with major institutional clientele. Michael was also a sell-side analyst with a New York based broker-dealer and a principal at a value-oriented hedge fund. He is a member of the Society for Mining, Metallurgy & Exploration and Society of Petroleum Engineers. Michael holds a BA in geology from Colgate University and an MS in Mineral Economics from the University of Arizona.

Raymond M. McCormick is the Managing Director of Energy and Natural Resources at Capstone Headwaters. He has 35 years of experience in mining, banking and advisory. Earlier, he founded a private investment banking firm that focused on the mining sector, which he managed for over 20 years, worked in the Global Corporate Banking Department of Mellon Bank and served as VP and Manager of the mining section for 10 years and was a consulting mining and geological engineer with the John T. Boyd Co. and Consol Energy. Ray’s background combines financial, marketing and technical skills, with expertise in project financings, gold loans, equipment leasing, private placements and acquisition financings. He holds a Bachelor’s Degree in mineral economics, with a geology minor from the Pennsylvania State University and a Master’s Degree from the Department of Engineering at the University of Pittsburgh. In addition to sitting on half a dozen private company boards, Ray has served on the Board of Directors for the Engineers Society of Western Pennsylvania, the Society of Mining Engineers and the Pittsburgh Coal Conference.

Mathew Oommen, Ph.D. has over 20 years of experience in the global mining industry, having worked on projects in Indonesia, Malaysia, Philippines, Canada, Australia, Colombia, Venezuela, Myanmar and the United States. He is the Mining Practice leader at Golder Associates. Mathew manages multi-disciplinary, global teams providing consulting services on mining projects with topics including geology, mining, transportation, economic analyses and NI 43-101 & JORC reports. Mathew has significant experience with due diligence of coal mines for acquisitions and is experienced with coal supply strategies & plans and coal supply contracts & negotiations in support of coal-fired Independent Power Projects.

4:25     I.8   Why Some Mining Projects Succeed and Some Fail - Shearman Room

RPM Global: John Uhrie, P.E., Ph.D., QP, President Consulting Services, Americas (Ch)
Kappes Cassidy & Associates: Tom Rauch, Project Manager & Senior Engineer (Ch)
Cementation USA Inc.: Gregory F. Sutton, Project Manager
To be announced

Developing a mine is difficult at the best of times and is becoming more difficult as projects get more complex, lower grade and are in more remote locations. Besides properly defining technical issues such as resources, ground conditions, and metallurgy, capital and operating cost estimation and project execution has become challenging reflecting local and jurisdictional and non-technical issues. This panel will highlight common threads in successful and unsuccessful projects and speak to other issues to be addressed in other panels including resource estimation, water, power and societal issues and assessing risks and opportunities that contribute to project success.

John Uhrie is President Consulting Services – Americas for RPM Global. He has 20 years of experience with major mining companies, including Phelps Dodge, Freeport McMoRan and Newmont, has operated mines on three continents and is highly experienced in operations, operations management, project development, engineering and startups of copper and gold projects. Dr. Uhrie is highly experienced in all aspects of owner’s side project engineering as both the process manager and project manager for prefeasibility through detailed engineering activities and is a recognized technical expert in sulfide processing of copper, heap bio-leaching, pressure oxidation and SXEW. Dr. Uhrie has authored 21 technical publications and one book, holds 2 U.S. Patents, is a Registered PE (Mining and Minerals Processing) and is a Qualified Professional through the MMSA. Dr. Uhrie is fluent in English and Spanish.

Tom Rauch is a Project Manager with Kappes, Cassiday & Associates, based in Reno, NV. Tom holds a BS degree in Mining Engineering (focused in Mineral Processing) and a second BS degree in Energy Business and Finance (focused in Commodity Finance) both from Penn State. Prior to joining KCA in 2017 he was with Jacobs Engineering and Taggart Global (now DRA Minerals). Tom has strong project experience in process engineering and EPC/EPCM project delivery specifically taking projects from engineering through construction and startup/handover. Tom continues to focused on high-risk project delivery and project management.

Greg Sutton is a Project Manager for Cementation USA. He oversees underground mine development and construction projects in the eastern United States.  In 1988, Greg earned a Bachelors of Science Degree in Mining Engineering from the University of Missouri – Rolla, now Missouri University of Science and Technology. Greg also is completing his MBA degree from Missouri University of Science and Technology in December 2018.  He started his career with the Homestake Mining Company’s historic Lead Gold Mine as a mine planning engineer and supervisor. He later held various positions of responsibility with the Doe Run Company including Mine Engineer, Mine General Supervisor, Mine Superintendent, and General Mine Manager.  He started his current role with Cementation in 2015.  Greg currently resides with his wife Genevieve near Bunker, Missouri. When he is not working, Greg likes to camp, hunt, fish, and enjoys baseball and stock car racing. 

4:25     I.8A  Dealing with Political Risk in the Mining Industry - Conference Room G/H

SCM Decisions, LLC: Michael Samis, Ph.D., P. Eng., Principal (Ch)
Agnico Mines Limited: David Smith, Senior Vice President, Finance and Chief Financial Officer
Control Risks: David Linsker, Senior Partner, Global Risk Analysis
Triple Flag Mining Finance Limited: Jaco Crouse, Chief Financial Officer and Vice President of Finance

Political risk management has shifted its focus from the possibility of nationalization to a wider range of risks such as taxation changes, geopolitical events, internal conflicts, regulatory framework alternations, ad social activism.  Forward-thinking mining companies have begun to manage political risk through a formal program that both actively monitors and responds to political risk events and assesses the combined effect of multiple political risk exposures on a company’s project portfolio and long-term strategy.  Experts from across the industry will provide a range of perspectives in this session about how political risk management has changed over the last 20 years and what company’s should be doing now to manage this risk exposure effectively.

Michael Samis, Ph.D., P.Eng., is currently a principal at SCM Decisions where he assist clients in the natural resource industries align capital allocation decisions with corporate strategy. He is a mining engineer with more than 25 years of professional and research experience in the natural resource industries.  His work ranges from analysing investments in individual projects through to corporate portfolio analysis and involves complex forms of flexibility, financing, and risk exposure.  In 2013, the Canadian Institute of Mining and Metallurgy (“CIM”) awarded Mike with the Robert Elver Award for his contributions to the Canadian mining industry in the field of mineral economics.  He is a registered Professional Engineer in Ontario, Canada and he holds a Ph.D. from the University of British Columbia. Dr Samis was previously an Associate Partner at the Toronto office of EY’s Transaction Advisory Service where he valued complex financial securities such as financial derivatives, employee stock options and contingent contracts. 

David Smith is the Senior Vice-President, Finance and Chief Financial Officer of Agnico Mines Limited and has held this position since 2012. Previously, he held the position of Senior Vice-President, Strategic Planning and Investor Relations. Prior to joining the company’s investor relations team in 2005, Mr. Smith was a mining analyst and also held a variety of mining engineering positions, both in Canada and abroad. Mr. Smith is a Chartered Director, and an alternate Director of the World Gold Council. He has a B.Sc. and M.Sc. in Mining Engineering from Queen’s University in Kingston and the University of Arizona, respectively. Mr. Smith is also a Professional Engineer.

Jaco Crouse is the Chief Financial Officer and Vice President of Finance for Triple Flag Mining Finance Limited. He is a seasoned financial professional with extensive experience in financial management and reporting, mine financial planning, business optimization and strategy development. Prior to joining Triple Flag, he was a partner and Vice President Business Planning and Optimization at Barrick. Mr. Crouse started his career with Xstrata Alloys in 2002 as a financial manager and worked progressively in more senior roles at Xstrata and Glencore as Group Controller, General Manager of Business Optimization, and Asset Manager. Mr. Crouse is a Chartered Accountant and holds a Bachelors of Commerce degree from the University of South Africa.

5:15     I.9   What is Different Today for Miners Looking to Raise Capital? - Shearman Room

Roscoe Postle Associates, Toronto Ltd.: Richard Lambert, P.E., P.Eng., Chief Operating Officer (Ch)
ING Capital, LLC: Remko Van De Water, Head of Metals & Mining, Americas (Ch)
To be announced
To be announced

  • How is today different than in years past for operators, lenders and investors agreeing on terms
  • Is the outlook more favorable for miners than one year ago? Why? Where? How good is it? Is it real?
  • What are key issues, costs and terms that mining company management need to be aware of?
  • Where are the opportunities? What types of deals technically and structurally are finding capital?

Richard Lambert, P.E., is Executive Vice President and COO of RPA. Mr. Lambert has 38 years of domestic and international experience in mine operations and management, mine engineering, project evaluation and financial analysis. He has been project manager and lead technical advisor for many mine financings, mergers, acquisitions and privatizations. Mr. Lambert has extensive experience in mine cost estimating and is skilled in management from project start-up to production, maintenance and mine planning, and has been involved in base metal, precious metal, coal and industrial mineral mining projects around the world. He is a recognized technical expert in mining arbitration cases. Richard Lambert is Past Vice President of Finance for the Society for Mining, Metallurgy & Exploration (SME). He currently serves as member of the SME Resources/ Reserves Committee.

Remko van de Water is a Managing Director at ING, heading the Metals & Mining team for the Americas and is responsible for the origination and execution of metals & mining-related structured financings in the region, including working capital, project financing, pre-export and mergers & acquisitions. He has experience in financing transactions in all the major commodities as well as throughout the whole value chain in the mining sector. He has over 16 years of experience in leading and advising on financings in the natural resources sector globally, having closed many landmark transactions. Some recent transactions include the financings for Guyana Goldfields’ Aurora project in Guyana, Torex Gold’s Minera Media Luna project in Mexico, Romarco Minerals’ Haile project in the U.S., Mountain Province’s Gacho Kue diamond project in Canada, Hudbay’s Constancia project in Peru and Antofagasta’s Esperanza and Antucoya projects in Chile. Remko holds a M.Sc. degree in Chemical Engineering from the Delft Technical University and an M.B.A. from NYU Stern School of Business, NY.

6:00 PM       Conclusion of Day One of the Conference 

6:00 - 8:00   Reception Register in advance. You can register more than one person. Visit receptions  
                    Sponsored by SRK Consulting and _______________

8:00 PM      Conclusion of Day One of the Conference

Scroll down beneath photo for Day Two Agenda of the Conference. We hope you join the discussion. Get your questions answered!

Quebec_Key_Note_Speakers_Addressing_2017_CTMF_Audience_Monday_1_May_2017_in_NYC_IMG_0964.jpg

Tuesday April 30, 2019 - Day Two of the Conference from 7:30 AM to 5:30 PM
Shearman & Sterling LLP at 599 Lexington Avenue, at corner of 53rd Street
Check back for updates. Content, order and times are subject to change

7:30 AM     Registration and Breakfast 
                  Sponsored by ______________

8:40 AM  II.1   Alternatives: Royalties, Streaming, Pre-Payments: Part One - Shearman Room  

KPMG LLP Canada: Ronald Maiorano, Partner, US Corporate Tax Services (Ch)
Franco-Nevada Corporation: Adrian Wong, CPA, CA, Director, Taxation
Shearman & Sterling LLP: Cynthia Urda Kassis, Co-Head of Mining & Metals Group, Partner, Project Development & Finance
To be announced

This panel will discuss alternative and traditional sources of Capital for Miners to consider as well as the legal and tax attributes and considerations associated with these different ways of employing capital in the Mining World.

Ronald C. Maiorano is the current leader of the GTA U.S. Corporate tax practice at KPMG and the historic original leader of the National U.S. Corporate tax practice in Canada. Ron has over 30 years of cross border taxation experience assisting multinational companies with minimizing their worldwide effective tax rates through comprehensive planning strategies. Such planning strategies include: restructuring existing multinational corporate groups, structuring acquisitions, dispositions and reorganizations, structuring financing arrangements, implementing hybrid entities to take advantage of anomalies that frequently exist between taxing jurisdictions, etc.

Cynthia Urda Kassis is a senior partner in the Project Development & Finance practice of the international law firm of Shearman & Sterling LLP and co-Head of their Mining & Metals Group. She represents sponsors/ borrowers/ lenders/ alternative financiers in project development and finance transactions worldwide, with extensive experience in the mining, energy and infrastructure industries. She consistently ranks as one of the leading project finance lawyers by Chambers & Partners, IFLR 1000 and Legal 500. Who’s Who named her “Project Finance Lawyer of the Year” for the second consecutive years and has also named her among the “most highly regarded individuals in the world” in the fields of project finance and mining. Her most recent work in the mining sector includes representing Mantos Copper on the financing for its proposed brownfield expansion and Orion and Blackstone on their financing for Lundin Gold’s Fruta del Norte project in Ecuador, awarded “Latin America Mining & Metals Deal of the Year” by IJ Global.

8:40 AM  II.1A Importance & Use of Geo-Metallurgy in Scoping & Feasibility Studies - Conference Room G/H

Wood Plc: Chris Wright Technical Director Resource Estimation and Geometallurgy (Ch)
Hoal Consulting: Karin Olson Hoal, Principal
Samuel Engineering: Al Kuestermeyer, Senior Process Engineer /Expert
To be announced 

Geometallurgy involves the integration of geological and metallurgical or mineral processing information.  Laboratory, field and plant data can be used to predict future metallurgical performance and understand current processing issues based on feed characteristics throughout the asset life cycle including process design at project stage, tactical response in operation and geochemical release for closure.  The understanding of geometallurgical relationships allows for design optimization, asset performance improvement and risk mitigation.  The panel will discuss approaches for: (1) Ore characterization; (2) Process design; (3) Plant sampling and (4) Geomet reconciliation 

Chris Wright is Technical Director of Resource Estimation and Geometallurgy at Wood Plc.   

Karin Olson Hoal works with project teams to identify challenges impacting potential value, understanding the uncertainty in the subsurface for more effective above-surface activities. At Cornell University she is the Wold Family Professor in Environmental Balance for Human Sustainability, building a program for transforming the industry in partnership with investors, mineral companies, data analysts and stakeholders. Karin was Director of the Advanced Mineralogy Research Center and a research professor at Colorado School of Mines and she has previously worked with JKTech at the University of Queensland Sustainable Minerals Institute, Hazen Research, Rio Tinto, Royal Gold and consultants in southern Africa, Australia, Canada, Chile and the US.

Alva Kuestermeyer, Senior Process Engineer at Samuel Engineering, is a metallurgical engineer and mineral economist with over 40 years of engineering, operating and consulting experience in the mining industry. Alva has a B.S. degree in Metallurgical Engineering from South Dakota School of Mines and a M.S. in Mineral Economics from Colorado School of Mines. He has performed costing and engineering studies and presented at NYC CTMF for the last four years. Alva joined Samuel Engineering in Denver in December 2017. Prior to Samuel Engineering, he worked at ASARCO, Tetra Tech, SRK, PAH, Behre Dolbear, Golder Associates and European Resources. Alva is a Registered Member of the Society of Mining Engineers and a Fellow Member of AusIMM.

9:30 AM  II.2   Alternative Sources of Capital in Mining: Part Two - Shearman Room

Duff & Phelps Canada Ltd: Alan Lee CA, CFA, CBV, Managing Director, Valuation Advisory Services (Ch)
Royal Gold Inc.: Alistair Baker, Director, Corporate Development
BNP Paribas Securities Corp.: Antonio Pichardo, Director Structured Debt Metals & Mining
To be announced

Trends in Investment in a Future Product Stream – Prior to the last decade, most mining development was funded through two instruments, direct equity and direct debt (loans to be paid in either cash or product). More recently, investments have become more creative, both in terms of payback and flexibility of payback. Royalties have always had a role, but the metals streaming and off-take agreements by both traders and refiners have become much more mainstream. The panel will consist of parties active in this segment of the mining finance industry.

Alan Lee, CA, CPA, CFA, CBV, joined Duff & Phelps in 2010. He is a managing director in the Toronto office and part of the firm’s Valuation Advisory Services and Dispute and Legal Management Consulting practices. Alan has more than 12 years of valuation and transaction experience. Prior to joining Duff & Phelps, Alan was a partner with Cole & Partners, a Toronto-based valuation advisory firm. Alan’s focus is in the mining and natural resource sectors. His clients include many of the world’s largest mining and oil & gas companies, as well as many development stage companies, pension, private equity and hedge funds. He is a contributing author to various topics related to valuations featured in CA Magazine and Canadian Tax Journal and is a guest speaker on valuation topics at various conferences. Alan received his BA and MAcc from the University of Waterloo. He is a member of the Canadian Institute of Mining, Metallurgy and Petroleum and is registered as a FINRA foreign associate.

Antonio Pichardo is a Director of BNP Paribas’ mining finance team in the Americas. Antonio has been a mining executive and financier of metals and mining, commodities, energy and infrastructure for 20 years, with tenures in New York, Sao Paulo, Lima and Madrid. His mining corporate experience includes founding director and CFO roles for copper and gold development companies, operating in the Andean Region. As a financier, he has advised and financed green field developments and expansions of mining assets in the Americas. He holds a BBA and MBA from Universidad de Sevilla and ICADE in Madrid, respectively. Antonio is fluent in English and Portuguese and is a native speaker of Spanish.

Alistair Baker is Director of Business Development for Royal Gold, based in Toronto. Royal Gold is a leading provider of royalty and stream finance to the mining industry. Mr. Baker has over 20 years of experience in the mining business, and joined Royal Gold in 2015 after spending time in technical and financial roles where he developed experience in finance, capital markets, business development and corporate strategy. He holds a BASc in Civil Engineering from the University of Waterloo and an MBA from the University of British Columbia.

9:30 AM  II.2A Investment Implications of U.S. SEC’s Rule S-K 1300 - Conference Room G/H

SRK Consulting (U.S.), Inc.: Ben Parsons BSc, MSc, MAusIMM (CP), Principal Consultant (Resource Geology) (Ch)
SRK Consulting: Neal Rigby, PhD, CEng, AIME, MIMMM, Corporate Consultant (Mining)  
To be announced
To be announced

This panel will focus on the investment implications of the U.S. SEC’s Rule S-K 1300 and what it may mean for existing or new potential listings, and what mining companies may need to do to get their projects ready.

Ben Parsons, MSc, MAusIMM (CP), Principal Consultant (Resource Geologist), Mr. Ben Parsons has over 18 years of broad geological experience, specializing in gold mining. Since joining SRK, Ben’s responsibilities have included the generating of geological modelling, the production of independent mineral resource and ore reserve estimates, due diligence, planning managing/ supervising and auditing of exploration/mining projects, project evaluation as part of Competent Person’s/Mineral Expert Reports and stock exchange listings, technical reviews, and project managing of technical studies such as exploration programs, mineral resource and ore reserve studies, scoping/conceptual studies, pre/definitive feasibility study projects and Competent Persons Reports. International projects include gold, silver, base metals, copper, molybdenum, niobium and phosphate.

Neal Rigby, PhD, CEng, AIME, MIMMM was the SRK Global Group Chairman from 1995 to 2010. He has performed mining engineering, project management and management consulting for a wide range of metalliferous, coal, diamond and industrial mineral projects. The focus of Neal’s consulting work for the past 30 years has been as the director of various SRK multi-disciplinary teams in numerous major due diligence audits, competent person’s reports and other reports supporting the rationalization, merger, disposal, financing and acquisition activities of international mining companies and mining finance institutions. In this role, Neal has been in a position to independently certify to shareholders, stock exchanges and financial institutions the “bankability,” i.e., fundamental value and risks and opportunities of mining projects. Most recently, Neal’s consulting work has been directed at the restructuring and sale of mining assets and the scoping and implementation of business improvement strategies. Neal has undertaken projects in over 60 countries. Neal has also been increasingly called upon to serve as an expert in international arbitration and litigation cases providing his expert opinion on mining-related issues.

10:20 AM    Refreshment Break 
                   Sponsored by Hatch Advisory

10:40 AM II.3  Getting the Attention of Investors for Exploration Finance: What Has Changed? - Shearman Room

Fasken Martineau DuMoulin LLP: Frank Mariage, BSc, LLB, Partner, Global Mining Group (Ch)
Quebec Precious Metals Corporation: Normand Champigny, Chief Executive Officer
Monarques Gold Corporation: Jean-Marc Lacoste, President and Chief Executive Officer
Desjardins Securities: Bruno Kaiser, Managing Director and Head of Metals & Mining
Clear Creek Digital: Trevor Hall, President

During the first quarter of 2018 and for the first time ever, the Australian Securities Exchange (ASX) surpassed the TSX and TSX Venture Exchange in mining financing. When considering all other investment opportunities present within the Canadian market over the last 18 to 24 months, notably those related to cannabis and crypto-currency, can one be really surprised about the attention and capital these “new” investments received? The panel, comprised of seasoned mining executives, communications specialist and investment analyst, will aim to explore the reasons behind this shift and what exploration / development companies can and should do in this evolving environment.

Frank Mariage is a partner at Fasken Martineau DuMoulin LLP. He practices in the areas of securities, corporate law and mining law. Over the course of his career, he has developed legal expertise on mining issues. Frank represents mining companies and guides them during the discovery, sale and processing of mineral deposits, in Canada and elsewhere. He specializes in the legal issues and challenges faced by mining companies. Frank’s expertise is recognized in Canada, and he continues to be listed as a leading mining lawyer by a number of legal directories that rank the country’s best firms and lawyers. He is Chairman of the Board of the Quebec Mineral Exploration Association and also delivers seminars on behalf of the TSX Venture Exchange on how to manage a publicly traded company. In August 2017, Frank was named Lawyer of the Year in Natural Resources Law by Best Lawyers in Canada.

Normand Champigny is a geological engineer. He has extensive experience with both public and private companies, both domestically and internationally. He has been involved in many facets of the mining industry, including engineering, project evaluation, and project management. Mr. Champigny is a member of the Ordre des Ingénieurs du Québec. Until recently, Mr. Champigny was an Executive Committee Member of the Prospectors & Developers Association of Canada (PDAC). He was Chair of the Board of Directors of Minalliance, an organization raising awareness about the mining industry in Quebec and highlighting its positive contribution to Quebec’s social, economic, and environmental development. Mr. Champigny is a graduate from École Polytechnique in Montreal (B.A.Sc), University of British Columbia (M.A.Sc), and Paris School of Mines (Specialized Diploma in Geostatistics).

Jean-Marc Lacoste earned his bachelor’s degree in Economics from McGill University in Montreal. In 1993 Mr. Lacoste started a career in finance at the Montreal Stock Exchange where he worked for National Bank Financial and, subsequently, Merrill Lynch Canada. In 2000 he left Montreal for Toronto to join Northland Power, a wind power energy corporation, as Vice President of Acquisitions. He returned to Montreal in 2002 where he joined the boards of a few public and private companies. From 2004 to 2010, he took a major role in Golden Goose Resources Inc. where he became President and CEO and COB. Mr. Lacoste has great leadership skills and will be a tremendous asset for Monarch Gold Corporation.

Bruno Kaiser is a Managing Director and Head of Metals & Mining at Desjardins Securities. He began his career as a Mining Equity Research Analyst with CIBC World Markets in 1992. Bruno was a VP, Investment Banking at Morgan Stanley, UK, where he held several roles, including a Head of German and Russia Global Capital Markets. In Canada, he was instrumental in building the mining lending initiative at National Bank Financial and also led the Mining Group at Paradigm Capital. Bruno has a B. Com (Hon) from McGill University, MBA from INSEAD and holds a CFA designation. He has led M&A transactions and financings across the spectrum of assets and capital structure.

Trevor Hall is the President of Clear Creek Digital where he helps mining, mineral exploration and technology companies effectively communicate and market their projects within the ever-shifting communication paradigm of connected technologies and media. He is also the host and producer of Mining Stock Daily, a daily podcast of junior mining and exploration news distributed globally through 12 different networks, including voice-activated smart speakers such as Amazon Alexa. He is a proud graduate of the University of Nebraska - Lincoln with a Master's Degree in Journalism.

10:40 AM II.3A Minerals and Mining Project Appraisal and Valuation - Conference Room G/H

Stagg Resource Consultants, Inc.: Alan Stagg, PG, CMA, President (Ch)
Deutsche Bank Securities, Inc.: Jonathan Rose, Managing Director, Head, Metals & Mining Americas
To be announced
To be announced

Value is a perception, which typically varies widely among individual investors. Additionally, what drives value can vary for any given investor over time, depending on global and domestic economic conditions, global and domestic markets, political and cultural factors, and investor-specific circumstances, among other issues. This session’s panelists, which represent differing segments of the investment community, will provide their perceptions regarding current drivers of value in the mining sector, their perceptions of how these have changed over the recent past, and thoughts on value issues going forward. Additionally, the relationship between valuation—in this discussion considered to be a less formal and more investor-specific approach, and appraisals - considered to be a more structured and formal overall market approach, will be explored.

Alan K. Stagg, PG, CMA – President & CEO, Stagg Resource Consultants, Inc., is an economic geologist with 55 years’ experience in the mining, minerals, and energy industries and 40 years’ experience in natural resource-related appraisals, including the appraisal of mineral estates and leasehold interests; the appraisal of plant, machinery, and equipment; the appraisal of intangible assets such as sales contracts, storage field easements, and interests in oil and natural gas enterprises; and the appraisal of business enterprises and equity interests.  Natural resources appraised include coal, oil and natural gas, coalbed methane, a variety of precious and base metals, fluorspar, phosphate, potash, uranium, trona, gypsum, hectorite, kaolin, salt, crushed and dimension stone of various types; and sand and gravel.  Appraisals have been conducted in 40 states; several Canadian provinces; and in Brazil, Mongolia, and Russia.  Alan is a registered professional geologist in 15 states, a Certified Mineral Appraiser by the International Institute of Minerals Appraisers, and an SME Registered Member.

11:30 AM II.4   China Driving Demand, Prices and Opportunities – Shearman Room

CRU: Alex Laugharne, Principal
Wiley Rein LLP: Robert Defrancesco, Partner
Bradford Consulting: Charles Bradford, Principal
To be announced

This panel of experts will discuss: the importance China’s evolving policies towards raw materials and manufacturing has on current global trends in the mining industry, including commodity demand, investment and supply; How China is investing capital in other markets and the impact its investment is having on global costs and material availability. The panelists will also discuss China's demand for key commodities, including critical minerals and its potential economic growth and influence on the global commodity markets over the next several years.

Alex Laugharne is a Principal Consultant based in CRU’s New York office, having relocated in 2015 after eight years with CRU Consulting in London. Over this period, Alex has been involved in a wide variety of consulting projects across numerous commodities, building up particular experience in the lithium, iron ore, stainless steel, nickel and ferroalloy sectors. Alex now works across a broad range of commodities supporting predominately North American clients, whilst also providing important contributions to consulting projects related to his various commodity specialties, most frequently battery metals.

Charles Bradford has been a metals analyst for more than 50 years. Formerly partner and metals analyst with Affiliated Research Group and Metals Industries Advisory Group. He was the senior steel analyst at Smith Barney, and prior to that, with UBS Securities, a subsidiary of the Union Bank of Switzerland (6 years). He had been the senior metals analyst with Merrill Lynch for 14 years. Chuck is president of Bradford Research, Inc., an international investment consulting firm. Chuck has been placed on the Institutional Investor magazine “All American” Research Team 26 times, covering (at various times) nonferrous metals, coal and steel. Chuck was named the #1 independent metals analyst for 2007 and #2 in 2005 by the Institutional Investor Magazine.

Robert DeFrancesco is a partner at Wiley Rein LLP. Robert’s practice involves all aspects of international trade and trade remedy proceedings. He has particular expertise in both U.S. anti-dumping and countervailing duty proceedings and dispute settlement proceedings before the World Trade Organization. Robert has actively assisted in WTO matters, providing advice regarding WTO obligations and dispute settlement proceedings for various clients and governments. Clients represented in these proceedings come from industries such as primary aluminum, aluminum extrusions, steel, semiconductors, and consumer goods, involving products from diverse economies such as China, Indonesia, Japan, Korea, and Turkey. Robert received his J.D., cum laude, from American University Washington College of Law and his B.A. from the University of Georgia.

11:30 AM II.4A Mining Cost and Operating Issues and Trends - Conference Room G/H

InfoMine USA: Jennifer Leinart, Director, President (Ch)
Roscoe Postle Associates: Grant Malensek, M.Eng., P.Eng./P.Geo., Principal Engineer (Ch)
To be announced
To be announced

Two industry trends are reported declines in productivity and challenging returns on investment in the mining industry, on average. What are mining companies doing to reverse these trends? What are examples of best practices and methods and tools used to overcome the challenges management and miners face declining ore grades, the need to go deeper, and comply with more regulations.

Jennifer Leinart is a Registered Member of SME and a licensed professional geologist based in Spokane, Washington. She holds a BS degree in Geology from Colorado State University. Jennifer has over 40 years of experience in the mining industry, from exploration through development and mine operation. She began specializing in resource estimating and economic analysis during the development of the Red Dog mine in Alaska. In 1987, she joined Western Mine Engineering, the predecessor to InfoMine’s CostMine division, where she was responsible for mineral property evaluation, consulting, data and cost estimating. Jennifer is currently President of InfoMine USA, Inc. and manages the Mining Intelligence Costs division.

Grant Malensek is a Principal Engineer – Valuations for Roscoe Postles Associates, and has 25 years’ experience in the mining industry. His experience includes project reviews for fatal flaw, due diligence and as Independent Engineer for equity and project financing. He also prepared technical-economic and project finance models and carried out mineral property valuations for mining companies and arbitration cases. Mr. Malensek’s consulting experience includes Feasibility and Prefeasibility Studies, Preliminary Economic Assessments, capital cost estimates and reviews, mine strategy and options analysis in connection with mergers and acquisitions. Prior to his work as a consultant, Grant Malensek was a Senior Business Analyst: Project Planning/Evaluation for Newmont Mining Corporation and in project exploration and development with a number of companies, in particular Freeport McMoRan and Rio Tinto.

12:20 PM       Key Note Speaker Lunch
 
12:35 PM       Key Note Speaker - to be announced 
                      
Sponsored by __________

1:30 PM II.5   Managing Social Issues in a Changing World - Shearman Room 
                      Sponsored by ______________

Ramboll: Sharon Maharg, Senior Managing Consultant, International Finance & EISA Services (Ch)
Social Capital Group s.a.c.: Walter Arensberg, Managing Director
ING: Melisa Simic, Vice President, Sustainable Finance
To be announced
To be announced

In today’s changing world, getting mining projects up and running successfully must take stakeholder engagement to another level in order to ensure project acceptance from local communities early in the project and manage expectations throughout the project cycle. Management strategies must aim to ensure that a reasonable number of jobs are made available during both the construction and operations phases to local workers (both male and female); establish skills training programs for the local communities and early enough in the project schedule so local unskilled workers can be trained and eligible for jobs when they become available; procure as many goods and services from the local communities as possible; and create local benefits for communities by understanding and responding to their needs. Such strategies are especially important as organized opposition from environmental NGOs, indigenous groups, and others has grown more sophisticated and widespread and the risks to mining projects has increased accordingly. Panelists will examine the roots of these challenges and assess the effectiveness of corporate strategies and methods for addressing them.

Sharon Maharg is a Senior Managing Consultant at Ramboll and the US East Coast Team Leader for International Finance & ESIA Services, specializing in social and reputational risk consulting. She has more than 15 years’ experience in sustainable finance and consulting, and more than 20 years’ experience in multiple areas of emerging markets finance. She is expert at identifying and assessing potential social impacts from projects, and performing due diligence and project monitoring for compliance with the Equator Principles, IFC Performance Standards and other international standards. Sharon has been involved in projects in mining, energy and transportation in Latin America and the Caribbean, Middle East and Africa, Southeast Asia and the FSU. Prior to Ramboll, Sharon was Regional Head of Sustainability Management for Latin America at WestLB AG New York and a leader among the Equator Principle Financial Institutions (EPFIs), representing one of four founding EPFIs. 

Walter Arensberg is a Managing Director of the Social Capital Group s.a.c., which specializes in the assessment and management of social risk in large scale development projects in mining, oil and gas, hydro-power, transportation infrastructure, agriculture. Headquartered in Lima, Peru, and with offices in Bogotá. Colombia and Washington D.C., the Social Capital Group (SCG) works for private sector clients and international financial institutions, on project, social impact assessment, social due diligence; corporate strategy and training, and the implementation of community engagement, resettlement, local employment and procurement, communications and other risk mitigation programs. Mr. Arensberg represents SCG in Washington D.C. and has led social due diligence work for lenders examining major mining investments in the context of IFC, Equator Principles and other international performance standards. Prior to joining SCG, Mr. Arensberg headed the Environment Division of the Inter-American Development Bank. 

Melisa Simic is Vice President, Environmental and Social Specialist at ING in the Sustainable Finance team. Melisa covers transaction assessments at the origination phase providing social and environmental expertise in order to comply with ING internal policies as well as Equator Principles and IFC standards when applicable. She is currently involved in a mining transaction where ING is participating in the financing and also acting as the ESR agent providing environmental and social consulting support. Before joining ING in May 2018, Melisa was a Senior Consultant at Ramboll where she was primarily focused on energy projects in Latin America. Previously, Melisa worked as a Senior Project Engineer at ERM where she was involved in performing environmental audits for Mining clients in Canada. Melisa started her career as a civil/tunnel engineer for Parsons Brinckerhoff and holds a MSc degree in Tunneling Engineering from Politecnico di Torino in Italy.

1:30    II.5A Transforming Mines with Integrated Digital Operational Platforms - Conference Room G/H 

RPM Global: Michael Baldwin, Executive General Manager – Product Strategy (Ch)
IDS GeoRadar: John Metzger, Geomatics Services Projects Coordinator
To be announced
To be announced

The Digital Mine: Amplifying Decision Making Capability: In today’s mining landscape no topic is talked about more than digital transformation.  The term digital transformation can mean many things to many people and really what does “being digital” actually mean? In today’s mining operations what value does digital transformation deliver? In this panel speakers will look at key pillars that make up any digital transformation, the challenges it introduces and through the use of real world case studies will explore what value being digital actually brings to the industry.

Michael Baldwin is a product strategy and executive manager with over 18 years’ experience in the mining industry. He is currently the EGM – Product Strategy for RPMGlobal where he is responsible for RPM’s product strategy and ultimately growing demand for RPMs solutions globally.    Having spent a vast amount of time working abroad, Michael has substantial international, operational experience, particularly in the mining sector across many commodities and methods. He has previously held management roles in sales, marketing, development and product management in the mining technology and services market. Michael holds a Commerce degree from Griffith University.

John Metzger is a Business Development Technologist and the Geomatics Services Group Project Coordinator for IDS GeoRadar in Golden, CO. with over 12 years’ experience in the mining industry. Previously John supported international development projects and was an IT entrepreneur for over 13 years in Africa. He is responsible for Mining and Geomatics Services projects and instrumentation realization across North America. During his international tenure, John explored and implemented new technologies, data analysis, and delivery systems. He has worked extensively on mine sites during live Pit Asset “events” successfully ensuring the data realized allows for the continuation of safety, operations, and production. This unique opportunity, at the nexus of operating sites’ Pit Asset Management, has provided significant lessons and realizations involving live data collection, analysis, and operational and management value provision. John holds AAS, BS, and MA degrees from Rochester Institute of Technology, and Ball State University.

2:20    II.6   Measuring Climate Risk to Mining and Infrastructure Projects - Shearman Room

Watson Environmental: Leslie M. Watson, Principal (Ch)
The Climate Service: James McMahon, CEO
S&P Global Ratings: Don Marleau, Natural Resources Sector Lead
S&P Global Ratings: Mike Ferguson, Director U.S. Energy Infrastructure Group

Where money, risk, and environment collide. A discussion on the overlap with climate related risks. The panelists will be discussion measuring climate-related risks and financial mechanism to identify, evaluate, and transfer risk. The discussion focuses on measuring risk and opportunity, how this influences finance ratings, and the use of parametric insurance.
                   Sponsored by _____________

Leslie Watson is a senior regulatory specialist and project manager with over 25 years of experience evaluating natural resources development projects and land management planning. Leslie has managed and provided technical expertise for projects in the western U.S., and Alaska. These projects include oil and gas pipelines, coal and hard rock mines, reservoirs, forest fuel reduction, and water supplies. Leslie has experience conducting numerous field surveys and assessing impacts on biological resources and ecosystem services.      

James McMahon is co-founder and CEO of The Climate Service, a technology company that helps corporations measure, monitor, and manage their climate risk using big data and world-class expertise. The Climate Service’s risk analytics software gives investors and corporate managers the financial information they need to incorporate climate-related risk into their decisions. James began his career in global change by studying physics at Harvard University, and atmospheric chemistry at MIT under the guidance of Nobel Laureate Mario Molina. After leading several technology companies, James served as Senior Advisor to the Director of NOAA's National Centers for Environmental Information, who is now a senior advisor to The Climate Service.

Don Marleau is Natural Resources Lead at S&P Global Ratings. Don has analytical oversight for the metals and mining, building materials, forest products and building sectors. Don also covers industry-leading credits in each industry, including Newmont, Alcoa and Lennar. As Sector Lead, Don is responsible for ratings quality, industry-level credit themes and commentary and outreach to investors. Don has covered issuers in various materials industries since 2000, serving as a global coordinator for metals and mining since 2008. Don also covered asset-backed securities in the early 2000's. Don holds the Chartered Financial Analyst designation and a Bachelor of Commerce with Honours from Laurentian University in Sudbury, Ontario, Canada.

Michael Ferguson is Director of S&P Global Ratings’ U.S. Energy Infrastructure Group. Michael has a portfolio of project financed power plants, infrastructure assets, and independent power producers. Much of his thought leadership research revolves around environmental regulation and energy policy. Michael’s experience includes an array of cases, ranging from stock option backdating and revenue recognition to embezzlement and ponzi schemes. Michael is a member of the American Institute of Certified Public Accountants, the Certified Financial Analyst Institute, and the Association of Certified Fraud Examiners. Michael is a Chartered Financial Analyst, a Certified Public Accountant (DC and VA), a Chartered Alternative Investment Analyst, and a Certified Fraud Examiner.

2:20    II.6A Using Block Chain Technology for Responsible Minerals Assurance – Conference Room G/H

3:10            Refreshment Break
                   Sponsored by Hatch Advisory

3:30   II.7    Navigating the U.S. Permitting System and Operating Environment - Conference Room G/H

To be confirmed  

To be confirmed 

To be confirmed 

To be confirmed  

3:30    II.7A  Water Risks: Approaches to Avoid Problems and Failure - Shearman Room

Intera, Inc: Peter Castiglia, P.G., Senior Hydrogeologist (Ch)
Westech Engineering, Inc.: Mick L. McCaslin, P.E., International Sales Manager (Ch)
Columbia University Water Center: Paulina Concha, Researcher
To be announced

This panel will identify the water risks common to most mineral development projects, illustrate common approaches for characterizing and controlling water risks, and share examples of how disruptions from water problems can have severe impacts on the financial performance of a development or operating company.

Peter Castiglia, P.G. is a Senior Hydrogeologist at INTERA, a geosciences consulting firm, where he serves as a member of the Executive Team and Vice President of the Mining and Water Resources Group.  As a hydrogeologist, he leads multi-disciplinary teams that develop water-supply strategies for mineral processing and mining operations, approaches for dewatering underground operations, and predictive tools to evaluate potential impacts of proposed operations on water resources. He is proficient in Spanish, a licensed professional geologist, an SME Registered Member, and a Qualified Person, as defined by Canadian National Instrument 43-101.

Mick L. McCaslin. P.E. is the International Sales Manager for WesTech Engineering, Inc. in Salt Lake City. He has more than 30 years’ experience in plant operations, maintenance, equipment supply, and systems design. Previously he worked in copper milling, smelting and refining; vacuum and pressure filtration; industrial centrifugal pumps, and a global mineral processing and metallurgical support laboratory. Currently he is privileged to lead a team of regional managers supporting customers throughout the world in resolving their liquid-solid separation challenges.

Paulina Concha is a researcher at the Columbia Water Center at Columbia University in New York, where she has worked under the direction of Prof. Upmanu Lall for the past five years. She obtained a B.S. in Chemistry from the ITESM in Monterrey, Mexico, and a M.S. degree in Environmental Engineering from Columbia University.  She worked in engineering at Procter and Gamble for five years prior to starting a career in water research. She has worked on projects related to urban and rural water supply, water management and climate risk in agricultural supply chains, water related risks in the mining sector, and the valuation of water.    

4:20    II.8  Favorable Investment Jurisdictions in Mining and the Minerals Sector in the Americas - Part One Shearman Room

To be announced

To be announced

To be announced

To be announced

4:20    II.8A  Favorable Investment Jurisdictions in Mining and the Minerals Sector in the Americas - Part Two - Conference Room G/H

To be announced

To be announced

To be announced

To be announced

5:10            Closing Remarks by Conference Chair

5:15-8:00    Reception at Shearman & Sterling. Register. Join us for a raffle of wonderful photos by photographer Laszlo Bencze again. 
                   Sponsored by Shearman & Sterling and SRK Consulting and _____________

8:00            Conclusion of Day Two of the Conference

Wednesday May 1, 2019 - Three Workshops
at Shearman & Sterling LLP at 599 Lexington Avenue, at corner of 53rd Street

Select one of two morning workshops: Breakfast 7:45 AM, Start 8:30 AM, End 11:30 AM, Lunch Ends 1 PM and or join us for an afternoon workshop: Lunch at Noon, Start at 12:30, Ends at 4 PM.

Wednesday May 1, 2019 from 8 to 11:30 AM prior to lunch at Shearman & Sterling

III. Valuing Mineral Assets and Operations – Understanding Valuation Issues - led by Alan Stagg, PG, CMA, President, Principal Economic Geologist, Stagg Resource Consultants

IV. Are you ready? A Comprehensive Approach to Navigate the U.S. Securities and Exchange Commission’s New Mining Property Disclosure Requirements – led by Ben Parsons, Principal Geologist, SRK Consulting (U.S.), Inc. and team

Wednesday May 1, 2019 lunch from Noon to 1 PM at Shearman & Sterling 
All Wednesday workshop attendees are welcome to join us for lunch to continue your conversations and or unwind, relax and recharge before the start of the afternoon workshop and official end of the Conference.
                Sponsored by ______________ 

Wednesday May 1, 2019 from Noon to 4 PM - Starting after lunch at Shearman & Sterling
This, the fifth workshop may start earlier than 1 PM, possibly at 12:30 PM. If registering to attend this workshop, the organizers will contact you with updates. Please join us for lunch, promptly at Noon

V.  Measuring Climate Risk: An Interactive Workshop on Meaningful Measures of Climate Risks in Relation to Financing Mining and Infrastructure Projects led by Leslie Watson, Watson Environmental; James McMahon, CEO of The Climate Service; Don Marleau, Natural Resources Sector Lead, S&P Global Ratings; and Michael Ferguson, Director U.S. Energy Infrastructure Group, S&P Global Ratings.

Wednesday May 1, 2019 the Conference ends at 4 PM

Read about the workshops 

Shown below is a photo from a reception where all can meet. We welcome you to join us. Register in advance.
SSSMEMay2017b-052_Quebec_Government_-_Part_of_the_Delegation_Mon_1_May_2017_CTMF.jpg

You do not have to attend the conference to attend the workshops and receptions. On Sunday April 28 there will be two workshops followed by a networking reception before the conference begins on Monday April 29 with breakfast, starting at 7:30 AM. There will be receptions on Sunday April 28, Monday April 29 and Tuesday April 30. On Wednesday May 1 there will be two morning workshops and an afternoon workshop, with lunch. If you will like to join the sponsors please contact Tim Alch, Conference Co Chair at timalch@gmail.com

Attending CTMF 2018 were more than 290 experts and senior executives including officers from more than 40 mining and exploration companies and bankers, investors, private equity, analysts, advisers, engineers, and officials from more than 21 countries including Argentina, Australia, Bolivia, Brazil, Canada, Chile, China, Colombia, Germany, India, Japan, Kosovo, Mexico, Peru, Portugal, South Africa, Turkey, the United Kingdom and Uruguay. Register to meet and hear technical and non-technical experts discuss solutions, risks and opportunities.

Titles of attendees include: CEO, President, Partner, Executive Director, Project Manager, Banker, VP, Engineering & Development, Corporate Finance Specialist, CFO, Treasurer, Consultant, Managing Director, Geologist, Corporate Strategist, Investor, Environmental Specialist, Engineer, Mining Engineer, Lawyer, Financial Analyst, Accountant, Portfolio Manager, Controller, CTO - Chief Technology Officer, Global Leaders of Mining and Natural Resources, Founder and Community Engagement and Investor Relations Officer.

The round table discussions are led by industry experts. All encourage audience participation. We hope you join us.
Francois_Bouffard_Industry_Affairs_Director_Dassault_Systemes_leading_a_Panel_Discussion_about_Successful_Use_of_Technology_in_Mining_20170502_153650.jpg

Save the dates - Join the Sponsors
SME's 7th annual Current Trends in Mining Finance Conference:Smarter Mining and Finance:
How are Technology and Innovation Disrupting Mining Economics? New Frontiers and Risks
Connecting Mining, Finance and Engineering Executives
Sunday April 28 - Wednesday May 1, 2019

Return to this website for updates. Schedule, speakers and content is subject to change. Download a flier about the 2018 event. The format of CTMF 2019 will be similar to the 2018 event and held in the same wonderful venues shown in this site. 






* Space is limited. The organizers are monitoring registrations periodically and may need to close registration. We may require some registered delegates to be present in a second board conference room that will have live video and audio feed to the main conference or conference room G/H and or attend in a third board room to watch and hear via live audio/video feed. Additional rooms and space adjacent to the main conference room are places to relax, network, meet one on one, for quiet phone conversations, or work.

NY SME is organizer of the 7th annual CTMF conference and is a section of Society for Mining, Metallurgy & Exploration (SME), an association of 14,000+ geo-scientists and mining, mineral professionals in 100+ countries. SME members include mining executives, engineers, geologists, metallurgists, educators, students and researchers. SME advances the worldwide mining and underground construction community through information exchange and professional development. SME is a member society of the American Institute of Mining, Metallurgical and Petroleum Engineers. The New York Section of SME encompasses the Tri-State area. Its members are given the opportunity to network with peers and hear valuable presentations through its activities. NY SME dates back to 1871 when a handful of mining engineers in New York City founded the American Institute of Mining, Metallurgical and Petroleum Engineers (AIME).