Program

Conference Schedule and Agenda Is Below

CTMF starts at Noon on Sunday April 30th and ends at 1 PM Wednesday May 3rd.

The NY Section of SME thanks all Sponsors, Speakers and Delegates that registered to attend the 5th annual Current Trends in Mining Finance Conference. As has been noted, space is limited and as a result of the over whelming expressions of interest to date, the Committee decided to close registration to attend the conference on Monday May 1st and Tuesday May 2nd and the dinner on April 30th.

There remains space for those interested to attend any of the workshops - all must register in advance. We continue to monitor registrations periodically and may need to close registrations for the workshops too. A 4 page pdf schedule of the events, panels and workshops is here A 2 page pdf schedule is here The speakers' abstracts and bios are here 

More than 70 speakers will present case studies on how to employ best practices and technology to anticipate, track and manage the technical and non-technical risks associated with mining projects worldwide. Experts will discuss trends, solutions, risks and where the opportunities exist.

There are more than 20 panels, round tables and several key note speakers that will discuss the latest trends and issues in global mining finance, including sessions about - and others

  • Bankers’ View of Capital Markets and Mine Financing multiple panels, round tables including about recent deals, M&A, Restructurings, etc.
  • Evaluating, structuring finance and funding of mining companies and projects, including royalties, streaming, debt, project finance, etc.
  • Analysts’ View of Global Metals, Minerals Markets - more than three panels about global metals, mining, steel markets, trends, prices etc 
  • Proposed Changes in Regulations Affecting Mining Finance - two panels and others about interpretation, harmonization and managing with

  • Engaging Stakeholders For Success - two panels on Tuesday and other panels and round tables discussing and presenting case studies
  • Technology, Smart Data, Innovation - multiple panels, examples and experts using virtual, IoT and equipment to manage cost and risks 
  • Best Practices Re: Mineral Reserves and Resources, including discussion of recent proposed changes to Industry Guide 7 in the USA 

There are Two Pre-Conference Workshops on Sunday, April 30th and Two Post Conference Workshops on Wednesday May 3. Read more about the workshops by clicking here including the bios of the leaders and workshop descriptions.

2017 CTMF Events and Conference Schedule
Content, Speakers, Order and Times are subject to change
as of 10 April
2017

All attendees must register in advance of the event. Register today on line (click here) or complete the registration form (click) here to attend the conference, workshops and or dinner. Register to attend either of two Pre-Conference Workshops on Sunday, April 30th and two Post Conference Workshops on Wednesday May 3. Read more about the workshops by clicking here including the bios of the leaders and workshop descriptions.

Sunday April 30th – Two Pre-Conference Workshops Noon to 4:30; Followed by Dinner at Opia Restaurant 5 – 7:30 PM

Two Pre-Conference Workshops on Sunday April 30, 2017 Start at Noon, End at 4:30 PM at Opia Restaurant at 130 East 57th St, at corner of Lexington Avenue

I.  Global Battery Raw Materials Supply Chain and Energy Storage: The 21st Century's New Oil led by Simon Moores, Managing Director Benchmark Mineral Intelligence Sunday April 30th Noon - 4:30 PM at Opia Restaurant

Setting the scene: The role critical mineral supply chains in 21st century industrial evolution

  • The Rise of the lithium ion battery megafactory - Simon Moores, Managing Director, Benchmark Mineral Intelligence
  • The Cobalt Conundrum - Caspar Rawles, Analyst, Benchmark Mineral Intelligence
  • Downstream Drivers for Battery Consumption - Michael Schmidt, Senior Geologist, German Mineral Resource Agency (DERA)
  • Lithium Deep-dive: State of the industry: Lithium brines - Patrick Highsmith, CEO, Pure Energy Minerals Limited
  • State of the industry: Lithium spodumene feedstock & Chinese conversion - Mike Tamlin, COO, Neometals Limited
  • Lithium Resources in the wake of the EV revolution - Salustio Guzma, President, 4m Advisors

II. Reliability of Mineral Resource Estimates for Exploration & Development of a Mining Project: What a Banker, Finance Expert & Analyst Should Know by Abani R. Samal, Ph. D., Principal, GeoGlobal LLC and Harry Parker Ph.D., Consulting Mining Geologist & Geo-Statistician, AMEC Foster Wheeler Sunday April 30th Noon - 4:30 PM at Opia Restaurant

Typically a computer based model is developed as part of resource estimations for mineral exploration projects at various stages of exploration and studies leading up to construction and operation. Increases in tonnage of material at an economic cutoff grade and improvement of ‘confidence’ in these estimates are treated as indicators for success for the project. For an example, the estimation of mineral resources at the beginning of a pre-feasibility study (PFS) is expected to have much higher level of confidence compared to the estimations developed during preliminary economic analyses (PEA) or a conceptual study. As the project moves to completion of a PFS, analysts, bankers and investors expect improved confidence of the resource estimates and make sure that the analyses are robust enough that a certain percentage of the total resources are qualifying to be termed as a mineral reserve – per relevant industry standards.

During exploration and development of a mining project it is important to understand some of the key technical risks and opportunities in terms of possibilities of the range of values surrounding estimates of grade and tonnage – and other measures. This is important for financial decision making in developing a deposit. Such decisions provide guidance to the project development team to focus on achieving success in two different areas: i) improving confidence of the mineral resources and ii) increasing the amount of mineral resources that can be mineable in foreseeable future.

In this workshop Dr. Samal will discuss the complex nature of mineral deposits and style of mineralization in various types of deposits such as massive (iron ore/ porphyry type copper deposits, VMS multi-metallic deposit), vein hosted precious metals (gold-silver deposits) and manto type silver-zinc systems etc. The geology of a mineral deposit dictates the resource estimation techniques. This work shop will also discuss the use of higher level mathematical, computer-based modeling techniques in the assessment of risks and opportunities that are used and lead to targeting and prioritizing activities during exploration to improve the confidence in estimation of resources. Using real-life based anonymous examples, participants will have an opportunity to understand how other factors such as land access can pose a threat to the value of the deposits (in terms of total tons of metal) and how to come up with a feasible solution.

Dr. Parker will present the evolution of reporting codes and standards and will give examples of current practice in classifying Exploration Information, Mineral Resources and Mineral Reserves. He will illustrate risk assessment using a score-card approach for several base metals projects. He will comment on responses to the SEC’s proposed replacement of Industry Guide 7.

Dinner on Sunday April 30, 2017 from 5 PM to 7:30 PM - Sponsored by Golder Associates
at Opia Restaurant at 130 East 57th Street
S
tarts at 5 PM and Ends at 7:30 PM with two guest speakers, starting at 6:10 PM and 6:40 PM.

  • Douglas Morrison, President & CEO of the Centre for Excellence in Mining Innovation (CEMI) and Director of theUltra-Deep Mining Networkin Sudbury, Canada. Doug will reflect on his many years' experience as an underground miner and recently at CEMI in Sudbury, Canada. Mining has a reputation for destroying value and perceiving innovation as ‘high risk’. We have to turn this around. The industry needs to embrace real change and innovation and investors have a role to play in making this happens. In a slow-growth economy, process innovation is the best way to increase productivity and deliver higher returns. Though, as mines go deeper and costs rise, without process improvement ROIs are guaranteed to decline further. Doug will discuss examples of CEMI's work that is focused on breaking ore and moving it, cheaper and faster.
  • Neal Rigby, PhD, CEng, AIME, MIMMM, Corporate Consultant (Mining) at SRK Consulting Neal's talk: "The more things change the more they stay the same” will cover a number of key insights, reflecting on his over a plus 40 year career. Neal will highlight some pluses, minuses, trends, lessons learned (or not) and of course his thoughts on outlook.

All attendees must register in advance of the event. Register today The Sunday dinner, after the two pre-conference workshops, is an enjoyable time to meet and network with other delegates and members of New York's banking, finance, investment, private equity and analyst community. Visit dinner for details.

Here is a schedule of the panels, round tables and receptions, refreshment and food breaks at the CTMF Conference.

Monday May 1, 2017 - Day One of the 2017 CTMF Conference

7:45     REGISTRATION AND BREAKFAST - Sponsored by Behre Dolbear 

8:30     WELCOME BY CONFERENCE CHAIR AND HOST
8:35     CONFERENCE CHAIRMAN’S OPENING REMARKS

8:40     I.1 CAPITAL MARKETS REVIEW AND KEY TRENDS IN MINING
9:20     I.2 BANKERS’ VIEW OF CAPITAL MARKETS AND MINE FINANCING

10:00   KEY NOTE ADDRESS:  Tony O’Neill, Anglo American PLC, Group Director, Technical

Technology and Innovation in Mining Today 

10:30   REFRESHMENT BREAK - Sponsored by Newmont Mining Corporation

10:50   I.3A ANALYSTS’ VIEW OF THE METALS AND MINERALS MARKETS: PART ONE – SHEARMAN ROOM
10:50   I.4A PRECIOUS & BASE METALS PRICE RISK MANAGEMENT IN MINING PROJECTS & FINANCE: CONF ROOM G/H

11:35   1.3B PROPOSED CHANGES IN REGULATIONS AFFECTING MINING FINANCE – SHEARMAN ROOM
11:35   I.4B ANALYSTS’ VIEW OF THE METALS AND MINERALS MARKETS: PART TWO – CONFERENCE ROOM G/H

12:20   KEY NOTE SPEAKER LUNCHEON - Sponsored by the Government of Quebec

12:35   Dominique Anglade, Quebec's Minister of Economy, Science and Innovation; Minister responsible for the Digital Strategy 

Quebec - A Premier Global Center of Mining, Technology and Innovation

1:30     I.5A WHAT ARE TRENDS AND ISSUES IN MINING M&A? – SHEARMAN ROOM
1:30     I.5B ANALYSTS’ VIEW OF THE METALS & MINERALS MARKETS PART THREE – CONFERENCE ROOM G/H

2:20     I.6 RESTRUCTURING MINING COMPANIES: A SECOND CHANCE FOR SUCCESS – SHEARMAN ROOM

3:10     REFRESHMENT BREAK - Sponsored by Newmont Mining Corporation

3:30     1.7 WHY SOME MINING PROJECTS SUCCEED AND WHY SOME FAIL – SHEARMAN ROOM
4:25     I.8 HOW MINING COMPANIES ARE RAISING CAPITAL TODAY

5:25     CONCLUSION OF DAY ONE OF CTMF CONFERENCE PROGRAM
5:30     RECEPTION – Food and Beverage in Rockefeller Center -

Sponsored by Government of Quebec

8:00     CONCLUSION OF DAY ONE OF CTMF CONFERENCE

On Tuesday May 2, 2017 - Day Two of the 2017 CTMF Conference

7:45     REGISTRATION AND BREAKFAST
8:45     II.1 WHAT IS AND WHO PROVIDES ALTERNATIVE SOURCES OF CAPITAL? 
9:35     II.2 MINERAL AND MINING PROJECT VALUATION AND COSTS

10:20   REFRESHMENT BREAK

10:40   II-3 BEST PRACTICES RE MINERAL RESERVES AND RESOURCES
11:30   II.4 MINING REGULATIONS AND LAW – SHEARMAN ROOM

12:20   GUEST SPEAKER LUNCHEON - Sponsored by Ernst & Young 

12:35   Guest Speaker: JOHN W. ALLEN, Chairman & CEO, Greater China Corporation

Major New Opportunities with China: What They Are and How to Participate * Five critical factors to  understand in dealing with China * Transformational new development in the mining sector * Major financial considerations and opportunities * New Technologies - The Key to the Chinese Market

1:30     II-5 SUCCESSFUL USE OF TECHNOLOGY AND SMART DATA IN MINING: TRACK ONE – I- SHEARMAN ROOM
2:30     II-5B SUCCESSFUL USE OF TECHNOLOGY AND SMART DATA IN MINING: TRACK ONE - II- SHEARMAN ROOM

1:30     II.6A ENGAGING STAKEHOLDERS FOR SUCCESS – TRACK TWO - I - CONFERENCE ROOM G/H
2:30     II.6B RESOLVING COMMUNITY WATER RISKS OF MINING: TRACK TWO – II -CONFERENCE ROOM G/H

3:25     REFRESHMENT BREAK

3:45     II.7 MANAGING MINING PROJECT EXECUTION – SHEARMAN ROOM
4:35     II.8 HOW TO PROSPER IN THIS MARKET

5:25     CLOSING REMARKS BY CONFERENCE CHAIR
5:30     RECEPTION – Food and Beverage at Shearman & Sterling’s Conference Center

Sponsored by Dassault Systemes, Ernst & Young, SRK Consulting

8:00     CONCLUSION OF DAY TWO OF CTMF CONFERENCE

Two Post Conference Workshops on Wednesday May 3 at Shearman & Sterling LLP 599 Lexington Ave, at corner of 53rd St. Read about the workshops here  Breakfast 7:45 AM, Start 8:30 AM, End 11:30 AM, Lunch Ends 1 PM.

III. Where Do Things Go Wrong in Mining Project Development? Red Flags to Watch Out For and Mitigants by Graham Clow, Chairman, Principal Mining Engineer and Jason Cox, EVP & Principal Mining Engineer of Roscoe Postle Associates Inc and Chris Ryan and Jonathan L. Greenblatt, Partners of Shearman & Sterling LLP 7:45 Breakfast/8:30 – 11:30 AM

IV. Understanding the Importance of Using Hedging in a Volatile Price Environment by Miners and Developers of Resource Projects by Sean Russo, Founder & Managing Director Noah’s Rule 7:45 Breakfast/8:30 – 11:30 AM

Noon to 1 PM – Lunch
1 PM Concludes Lunch and the 2017 CTMF Conference

Details of CTMF Conference Monday, May 1 and Tuesday, May 2 with Speakers’ Bios and Abstracts are below
Content, Speakers, Order and Times are subject to change
Register today All attendees must register in advance of the event. 

Monday May 1, 2017
SME’s 5
th Current Trends in Mining Finance (CTMF) Conference
Managing through the Cycle, Investing for the Future
Connecting Mining, Finance and Engineering Executives
Shearman & Sterling LLP
599 Lexington Ave at corner of 53rd Street, New York
Content, Speakers, Order and Times are subject to change
as of 22 April 2017
All attendees must register in advance of the event. 

7:45     REGISTRATION AND BREAKFAST: SHEARMAN ROOM AND CONFERENCE ROOMS G/H & J

Sponsored by Behre Dolbear

8:30     WELCOME BY CONFERENCE CHAIR AND HOST: SHEARMAN ROOM, LIVE FEED CONFERENCE ROOMS G/H & J

Program Chair and Executive Director of NY SME and TAA Advisory LLC, Tim Alch, Managing Partner

Shearman & Sterling LLP, Cynthia Urda Kassis, Partner, Project, Development and Finance Group and Co‑Head of the firm’s Mining and Metals group
              
8:35     CONFERENCE CHAIRMAN’S OPENING REMARKS: SHEARMAN ROOM: LIVE FEED CONFERENCE ROOMS G/H & J

Society for Mining, Metallurgy & Exploration, Inc. – Steven Gardner, P.E., P.S., R.M., President (2015) SME

8:40     I.1 CAPITAL MARKETS REVIEW AND KEY TRENDS IN MINING: SHEARMAN ROOM: LIVE FEED CONF G/H & J

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.?
Is the recent pop in the metals and mining markets for real? What has been the impact in capital markets?
Are Junior, Medium & Large Companies, Brown & Greenfield Projects getting funded? How? Where?

Citi Corporate & Investment Banking, Michael Cramer, P. Eng., Managing and Senior Technical Director - Global Metals & Mining Group
BNP Paribas, Carlos A. Urquiaga,
Managing Director, Head for the Americas, Structured Debt Metals & Mining

9:20     I.2 BANKERS’ VIEW OF CAPITAL MARKETS & MINE FINANCING: SHEARMAN ROOM; LIVE FEED CONF G/H & J 

How are deals and financings being structured? How are terms and conditions changing?
What is the outlook? Has the sector bottomed? What are 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?
 
Commonwealth Bank of Australia, Alain Halimi, Managing Director, Metals & Mining
Export-Import Bank of the United States, John Craynon PhD, PE, Senior Mining Engineer
Torex Gold Resources Inc., Jeff Swinoga CPA, CA, MBA, Chief Financial Officer
Trafigura PTE, Frederick Guanich, Structured Finance Manager

10:00     KEY NOTE ADDRESS TONY O'NEILL, ANGLO AMERICAN PLC, GROUP DIRECTOR, TECHNICAL SHEARMAN ROOM; LIVE FEED CONF G/H & J

Technology and Innovation in Mining Today 

10:30   REFRESHMENT BREAK – Coffee, Phones, Emails, Etc.      

Sponsored by Newmont Mining Corporation

10:50 I.3 ANALYSTS’ VIEW OF METALS & MINERALS MARKETS PART ONE SHEARMAN ROOM LIVE FEED CONF G/H & J

What are the hot markets? Which are best positioned? Why? What are the key changes?
Which sectors have seen resurgence in the past year? Which are continuing to struggle? 
What are market, technical and regional issues, demand drivers and margin trends in these sectors?
What is the outlook for China’s and India’s use of steel, iron ore, coal and impact on global markets? 

Agapito Associates Inc., Vanessa Santos P.G., Chief Geologist    
McKinsey’s MineLens, Kenneth Hoffman,
Client Development Executive

World Steel Dynamics, Peter Marcus, Founder and Managing Partner

10:50    I.4A PRECIOUS & BASE METALS PRICE RISK MANAGEMENT IN MINING PROJECTS & FINANCE: CONF ROOM G/H

Jeff Christian will open with a brief presentation on the price outlook for gold, silver, copper, lead and zinc, and then he and Sean Russo will address these questions and more.
What can be done to manage risk, uncertainty, volatility and declining prices and to raise capital?
Hedging strategies that can help companies: Why should you hedge? Why didn’t you hedge?
What is rationale for shareholders’ revolt when price risk management is implemented?
Critical elements of timing and structure: When and how do you develop a hedge?
How do you protect against volatile prices if you don’t hedge? What are the risks?

Bloomberg Intelligence, Michael McGlone, Senior Commodity Strategist
CPM Group LLC, Jeff Christian,
Managing Director  
Noah’s Rule, Sean Russo, Founder and Managing Director

11:35 1.3B PROPOSED CHANGES IN REGULATIONS AFFECTING MINING FINANCE – SHEARMAN ROOM

This discussion will highlight important proposed changes to various regulations and codes being discussed today that impact the financing of and mining and exploration industry, in general. The panelists will each present a view about critical topics, such as the potential impact the Trump Administration may have on U.S. tax reform as well as the composition and direction of the Federal Reserve and its implications on inflation, interest rates and precious metals. Other issues to be addressed include proposed changes to U.S. Industry Guide 7 about reporting of mineral resources as well as the current tenure of permitting and licensing in mining.  The panel will be led by moderator Greg McNab, Partner from Baker & McKenzie who will share his view about how current changes in China may impact the demand and investment for mining projects around the world – and encourage the audience to participate with Q&A.

Baker McKenzie LLP, Greg McNab, Partner, Corporate & Securities Practice Group
Behre Dolbear Group, Bernard ‘Barney’ Guarnera, Director
Discovery Investing, Michael Berry, President
Ernst & Young LLP, Thomas J. Minor, Mining & Metals Leader, Americas Tax
Greystone Investment Management LLC, Douglass N. Loud, Esq., Executive Director

11:35   I.4B ANALYSTS’ VIEW OF THE METALS & MINERALS MARKETS PART TWO – CONFERENCE ROOM G/H

Where are the metals and minerals markets trending? What are the hot markets? Which are best positioned? 
Which sectors have seen resurgence in the past year? Which Energy Metals will continue to surge? Why? 
What is the outlook and are key trends for batteries, energy storage and related mineral supply chains? 
How important is exploration spending? Where are key opportunities for funding exploration?

Benchmark Minerals Intelligence, Simon Moores, Founder and President
House Mountain Partners, Chris Berry,
President
Mining & Geological Industrial Consultants, LLC, John Clema,
President

12:20   KEY NOTE SPEAKER LUNCHEON: SHEARMAN ROOM AND LIVE FEED CONFERENCE ROOMS G/H & J

12:35   Minister Dominique Anglade, Government of Quebec – Shearman Room: Live Feed Conference Rooms G/H & J

Quebec - A Premier Global Center of Mining, Technology and Innovation 

Dominique Anglade – Quebec’s Minister of Economy, Science and Innovation Minister responsible for the Digital Strategy. 

Sponsored by the Government of Quebec

1:30     I.5A WHAT ARE TRENDS AND ISSUES IN MINING M&A? – SHEARMAN ROOM 

Have the sale of non-core assets by the majors ended? Achieved objectives? Planted seeds for others?
What issues and metrics impact valuations, M&A, impairments, write offs and deals getting done
How are M&A deals changing and non-technical, ESG and other issues being handled?
Where is M&A activity greatest? By Commodity? Geography? Size of firm?
Are there more cross border transactions?  Have sale prices bottomed?   

Blake, Cassels & Graydon LLP, Geoffrey S. Belsher, New York Office Managing Partner
ERM, Tom Perchiazzi, Partner 
Ernst & Young, Robert Stall, Partner, MRICS, ASA, Partner, Transaction Advisory Services
Holland & Hart LLP, Robert A. Bassett, Mining Team Leader

1:30   I.5B ANALYSTS’ VIEW OF THE METALS & MINERALS MARKETS PART 3 – CONFERENCE ROOM G/H

What the key trends in the global base metals, steel and iron ore and industrial minerals markets?
What are key factors, drivers and data in China and elsewhere about the metals markets near and longer term?
What are market, technical and regional issues, demand drivers and margin trends in these sectors?
Are Potash, other salts and industrial minerals an attractive investment? Why?

Bradford Research Inc., Charles A. Bradford CFA, President
CRU, Alex Laugharne,
Principal Consultant, Consulting
Raw Materials & Ironmaking Global Consulting, Dr. Joseph J. Poveromo,
President
Respec Consulting, Karri Howlett, CFA, C.Dir, President

2:20 I.6 RESTRUCTURING MINING COMPANIES: SECOND CHANCE FOR SUCCESS: SHEARMAN ROOM LIVE FEED G/H & J

A panel of distress financing, bankruptcy and work out specialists in a roundtable format will discuss: Financial options and legal strategies for viable firms that are in various level of distress; Key factors in a successful restructuring; Potential positive outcomes of a successful restructuring; New sources of financing and compromised liabilities;  How to work with and handle the claims of creditors, royalties, stream agreements and secured lenders to find an effective solution for all stakeholders;  What to do before it is too late; and How to prepare for bankruptcy.

Ernst & Young (EY) LLP, Keith McGregor, Partner, Corporate Natural Restructuring Practice
Goodmans LLP, Grant McGlaughlin,
Partner, Co-Head of Mining and Natural Resources
Goodmans LLP, Brendan O’Neill,
Partner, Mining and Natural Resources, Restructurings
Shearman & Sterling LLP, Fredric S
osnick, Partner Practice Leader Financial Restructuring & Insolvency
SRK Consulting, Neal Rigby, PhD, CEng, AIME, MIMMM,Corporate Consultant (Mining)

3:10     REFRESHMENT BREAK – Coffee, Phones, Emails, Etc.

Sponsored by Newmont Mining Corporation

3:30     1.7 WHY SOME MINING PROJECTS SUCCEED & WHY SOME FAIL: SHEARMAN ROOM: LIVE FEED CONF G/H & J

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, the 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 CTMF panels including resource estimation, water, power and societal issues and assessing risks and opportunities that contribute to project success.

Colorado School of Mines, Dr Corby Anderson QP CEng FIMMM FIChemE, Kroll Institute of Extractive Metallurgy
Golder Associates, Al Kuestermeyer, Project Engineer Metallurgy
Independent Mining Consultants, Inc., John Marek, P.E
., President
Nemaska Lithium Inc., Steve Nadeau, CPA, CGA,
Chief Financial Officer
Pullen Dockendorff, William Pullen, Managing Director

4:25     I.8 HOW MINING COMPANIES ARE RAISING CAPITAL TODAY: SHEARMAN ROOM & LIVE FEED CONF G/H & J

How is today different than in years past for operators, lenders and investors agreeing on terms
What are debt, credit and investor trends in mining telling us about performance and risk today?
What are key issues and terms help mining companies to succeed and agree to raise funds?
What are salient features of recent project financings and alternatively financed deals? 

CPM Group LLC, Douglas Sherrod, Managing Partner, Corporate Finance Advisory
DRTP Consulting Inc., Stéphane Dupuis,
Senior Partner – advisor to Matamec Explorations Inc.
ING Capital, LLC, Remko van de Water, Head of Metals & Mining, Americas
Northcott Capital, Richard Reeves, Managing Director
Tory’s LLP, Michael T. Pickersgill, Partner, Co-Head of the Mining and Metals group

5:25     CONCLUSION OF DAY ONE OF CTMF CONFERENCE

5:30     RECEPTION – Food and Beverage 

A by invitation-only (non-transferable) reception at the Government of Quebec’s offices in Rockefeller Center for an evening of networking with conference delegates and speakers and invited executives and analysts from the New York banking, finance and investment community.

Sponsored by Government of Quebec

8:30     CONCLUSION OF DAY ONE OF THE CTMF CONFERENCE

Tuesday May 2nd, 2017
SME’s 5th Current Trends in Mining Finance Conference 
Managing through the Cycle, Investing for the Future
Shearman & Sterling LLP
599 Lexington Ave at corner of 53rd Street, New York
Content, Speakers, Order and Times are subject to change
as of 22 April 2017
Space is becoming limited * All attendees must register in advance of the event. 

7:45     REGISTRATION AND BREAKFAST

Sponsored by Behre Dolbear

8:45     II.1 WHAT IS & WHO PROVIDES ALTERNATIVE SOURCES OF CAPITAL? SHEARMAN ROOM: LIVE FEED G/H & J

What trends shNCEould miners know about available sources of capital today? Is all private or public capital equal?

What should you know re crowd funding, private equity, commodity financing and other capital sources?
Are royalty and streaming financings et al the right capital? What are the costs and recent trends?
Are green and or brown field projects better suited to tap alternative sources of capital? Why?

Headwaters MB, Joel Schneyer, Managing Director Minerals Capital & Advisory Practice                         
Lind Partners, Philip Valliere, Partner and Managing Director
Panoro Minerals Ltd., Luquman Shaheen, P.Eng., MBA, President, CEO, Director
Resource Capital Funds, Jennifer MacPherson, Investment Analyst
Riverside Resources Inc., John-Mark Staude,
CEO and President

9:35     II.2 MINERAL AND MINING PROJECT VALUATION AND COSTS: SHEARMAN ROOM & LIVE FEED CONF G/H & J

How do definitions and measures used in technical-economic evaluations and valuations differ? 
How can management, financiers and investors bridge different perceived valuation?
What are the key parameters, risks and valuations in transactions, disputes and financings?
How have valuations, appraisals, trends and due diligence changed in recent years?

Duff & Phelps LLC, Edward Lee, Managing Director, Valuation Advisory Services
RPA Inc., Bill Roscoe Ph.D., P. Eng., Chairman Emeritus
Sínese, Consultoria, Lda, Luis Chambel, General Manager 
SRK Consulting, Grant Malensek, Principal Consultant - Mineral Project Evaluation

10:20    REFRESHMENT BREAK – Coffee, Phones, Emails, Etc.

Sponsored by Newmont Mining Corporation

10:40    II-3 BEST PRACTICES RE MINERAL RESERVES & RESOURCES: SHEARMAN ROOM & LIVE FEED CONF G/H & J

How to define, estimate and report on resource and reserves re US, JORC, NI 43-101 regimes?
How can mining companies be compliant about reports about core assets, i.e. ore resources?
What measures and issues do mining companies, bankers, lenders, regulators, investors focus on?
How can the public and analysts interpret management reporting and its reliability and progress?         

AMEC Foster Wheeler, Harry Parker, PhD, Consulting Mining Geologist and Geo-Statistician
GeoGlobal LLC, Abani Samal, PhD, Principal
Newmont Mining Corp., Donald Doe, Group Executive, Reserves & Resources

11:30   II.4 MINING REGULATIONS AND LAW – SHEARMAN ROOM & LIVE FEED CONFERENCE ROOMS G/H & J

How does changing regulations impact foreign direct investment, exploration, development and operations?
How do societal and economic regulatory codes impact raising capital, project viability and construction?
What is the state of the international regulatory environment? Is harmonization a reality? A dream?
What should investors, lenders and management know about best practices, changing regulations etc.?

Colorado School of Mines, Graham A. Davis, Professor of Mineral Economics
ECSI, LLC, J. Steven Gardner PE, President and CEO           
German Mineral Resources Agency (DERA), Sven-Uwe Schulz, Head of the Evaluation of Mineral Resources Unit       
Mining Standards International, Robert Milbourne, Managing Director
Shearman & Sterling LLP, Anthony LePere, Counsel, Project Development and Finance Group

12:20    KEY NOTE SPEAKER LUNCHEON – SHEARMAN ROOM & LIVE FEED CONFERENCE ROOMS G/H & J

12:35    JOHN W. ALLEN, CHAIRMAN AND CEO OF GREATER CHINA CORPORATION

Major New Opportunities with China: What They Are and How to Participate * Five critical factors to understand in dealing with China * Transformational new development in the mining sector * Major financial considerations and opportunities * New Technologies - The Key to the Chinese Market

Sponsored by Ernst & Young

1:30     II-5A SUCCESSFUL USE OF TECHNOLOGY AND SMART DATA IN MINING: PART ONE – SHEARMAN ROOM

What tools and technology are available to reduce costs and project risk? Is the virtual mine a reality?
What obstacles do technical services, management and strategic mine planning need to overcome?       
Where can technology make the most meaningful, cost effective impact in any part of mine life cycle?
Are all types of companies and stakeholders able to benefit from use of technology and smart data?

Dassault Systèmes, Francois Bouffard, Industry Affairs Director
Maptek, Ian Lipchak P. Eng., Senior Solutions Specialist
McGill University, Dr. Roussos Dimitrakopoulos, Professor and Canada Research Chair
Stratalis Consulting, George Hemingway, Partner & Innovation Practice Lead 

2:30     II-5B SUCCESSFUL USE OF TECHNOLOGY AND SMART DATA IN MINING: PART TWO - SHEARMAN ROOM

What techniques and technology can help tap more cash flow and manage and reduce costs?
Is equipment, software or automation the ‘Holy Grail’ or is Human Ingenuity and Work the answer?
Can drones, robots and automation in exploration, development, and operations improve productivity?
How can data and the IoT able to modify, optimize operations and behavior to raise productivity?
Where is real time data collection and integration with planning and operations making a difference?          

BlackRock Metals, Jean Rainville, President and CEO
BQ Energy, James S. Falsetti, Founder and Director  
Centre for Excellence in Mining Innovation, Douglas Morrison, President & CEO, & Dir. Of Ultra-Deep Mining Network Dassault Systèmes, Andy Kalambi, Global Vice President of 3DEXPERIENCE platform
EnviroSuite, Matt Scholl, Vice President and General Manager

1:30     II.6A CASE STUDY: ENGAGING STAKEHOLDERS FOR SUCCESS – TRACK TWO CONFERENCE ROOM G/H

What are best practices, methods to engage with stakeholders for success and avoid conflict?
How to evaluate and track compliance with environmental, sustainability and Lender standards
How does public agency mission impact permit, licensing and stakeholder land use and values?
How to navigate permitting and licenses and local societal and economic rules and requirements?

Columbia University, Nicolas Maennling, Senior Economics and Policy Researcher
Independent Consultant, Project Management, Andrew Goode, Principal
EcoAnalysts, Alicia de la Cruz-Novey, PhD,
Senior Environmental and Social Specialist 
Ramboll Environ, Sharon Maharg,
Senior Manager, International Finance
Univ. of Delaware, Saleem H. Ali PhD, Blue & Gold Distinguished Prof of Energy and the Environment
Watson Environmental, Leslie Watson, Senior Environmental Analyst

2:30   II.6B CASE STUDY: RESOLVING COMMUNITY WATER RISKS OF MINING: TRACK TWO CONFERENCE ROOM G/H

Company knowledge of water management has greatly increased over time, and the prevention of water contamination is an important component mine operation and closure plans.  Despite greater attention to water management, a leading concern from local communities surrounding mining projects is centered upon complaints about potential impacts on water quality and the availability of water supply.  Solid technical and environmental controls, without attendant water social management strategy, is not sufficient in most mining projects and consequently can lead to conflict that can undermine an operation's success.  This session will explain the importance of combining technical and social expertise to facilitate open, transparent and trust-based dialogue with local communities. This session will be a lively discussion about the challenges and solutions to resolving community water risks in the mining sector.

Columbia University, Professor Upmanu Lall, Director of the Columbia Water Center
Ecodyne, Peter Dolph,
General Sales Manager 
International Finance Corporation, Robin Weisman, Principal Investment Officer
International Finance Corp., Arjun Bhalla, Senior Operations Officer, IFC's Infrastructure & Natural Resources Department

3:25     REFRESHMENT BREAK – Coffee, Phones, Emails, Etc.

Sponsored by Newmont Mining Corporation

3:45     II.7 MANAGING MINING PROJECT EXECUTION – SHEARMAN ROOM: LIVE FEED CONFERENCE ROOMS G/H & J

How engineers, management and funders manage and predict uncertainty, project and operating risk
How best to optimize activities and achieve and communicate progress to add value?
How to comply and communicate with stakeholders during planning, construction and operation?
How to best manage growth, capital and operating budgets? What is the outlook?    
                      

Coeur Mining, Inc. Terry Smith, Vice President North American Operations
Independent Project Analysis, Inc., Baqun Ding, Manager of the Mining, Minerals, and Metals Business Area
Rio Tinto, Nita Singh, CPA (USA), CRMA, Manager Assurance Delivery | Group Internal Audit
Victoria Gold Corp., John McConnell, President, Director and Chief Executive Officer

4:35     II.8 HOW TO PROSPER IN THIS MARKET – SHEARMAN ROOM: LIVE FEED CONFERENCE ROOMS G/H & J

What sectors are attractive? What can be done to adjust, leverage value and prosper?
Key financial and economic metrics used to analyze and model project risk, cash flows and returns?         
How to prepare mining companies and projects for financing and what are the financing options?
What the industry can do to raise capital, lower cost and risk, and increase cash flow and profits?
What strategies companies can take to balance the importance of the technical and non-technical issues?          

Hatch Ltd., Nishit Patel, M. Eng., P. Eng., Consultant
Hecla Mining Company
, Lindsay Hall, Senior Vice President and Chief Financial Officer
Red Cloud Klondike Strike Inc., Chad Williams P.Eng., Founder, President & CEO
UBS, AG, Andrew Gubbels, Executive Director, Investment Banking, Natural Resources Group                     

5:25     CLOSING REMARKS BY CONFERENCE CHAIR: SHEARMAN ROOM: LIVE FEED CONFERENCE ROOMS G/H & J

Program Chair, Executive Director NY SME and TAA Advisory LLC, Tim Alch, Managing Partner

5:30     RECEPTION – Food and Beverage -
at Shearman & Sterling’s Conference Center          

Join us for a by invitation-only (non-transferable) reception of networking with conference delegates and speakers and invited executives and analysts from New York’s banking, finance and investment community.

Sponsored by Dassault Systemes, Ernst & Young, and SRK Consulting

8:30     CONCLUSION OF DAY TWO OF THE CTMF CONFERENCE

There are two Post Conference Workshops on Wednesday, May 3. Read more about the workshops by clicking here including the bios of the workshop leaders and workshop descriptions.

Two Post-Conference Workshops on Wednesday May 3, 2017 at 7:45 AM to 11:30 AM at Shearman & Sterling LLP at 599 Lexington Ave, corner of 53rd Street. Breakfast starts at 7:45 AM, Refreshment Break 9:30 AM, Lunch at Noon to 1 PM

III. Where Do Things Go Wrong in Mining Project Development? Red Flags to Watch Out For and Mitigants by Graham Clow, Chairman, Principal Mining Engineer and Jason Cox, EVP & Principal Mining Engineer of Roscoe Postle Associates Inc and Chris Ryan, Partner and Jonathan L. Greenblatt, Partner of Shearman & Sterling LLP 7:45/8:30 – 11:30 AM; Delegates Lunch is at 12 - 1 PM

Developing and operating a mine is difficult at the best of times and is becoming more difficult as projects get more complex from both technical and commercial, and legal perspectives. This workshop will focus on what to look for in assessing the risks and opportunities in factors that contribute to project success and highlight methods of identifying and mitigating disputes. Whether disputes arise in the exploration, construction, or operational phase of the project, they are an almost-inevitable part of a mining project. This workshop will include real-world examples.

Through the course of its work as Independent Engineer and general due diligence advisory, Roscoe Postle Associates (RPA) has observed that besides properly defining an array of technical issues including resources, ground conditions, and metallurgy, capital and operating cost estimation and project execution has become increasingly challenging. RPA has identified a number of common threads in both successful and unsuccessful projects and will discuss key areas including resource estimation, matching production rate to the deposit, metallurgical testing, and capital design/estimation man hours.

Shearman & Sterling observes there is a high likelihood that the owners, operators and various parties involved with a mining project will be forced to resort to some form of dispute resolution process to settle problems. It will speak about these and a number of steps that can be taken over the course of a project to lessen the risks associated with such disputes and to best protect a party’s investment and or commercial interests. These steps start from the moment the deal is first conceptualized by ensuring that it is structured in a way that allows a mining company to take advantage of the most advantageous legal protections available, including protections provided by international investment law.  Beyond that, it is important to ensure that the various key agreements that arise during the project contain provisions that help protect a mining company’s interests in the event a dispute arises. It will also speak about steps that can be taken by a mining company while the project is under construction and, ultimately, operational, that will help mitigate legal and commercial risks in the event a dispute arises.

IV. Understanding the Importance of Using Hedging in a Volatile Price Environment by Miners and Developers of Resource Projects by Sean Russo, Founder & Managing Director Noah’s Rule 7:45/8:30 – 11:30 AM; Lunch 12-1 PM

The importance of having a proper price risk management program in place has been painfully highlighted over the past few years. Much like a mine safety program that protects a company’s human capital, sound risk management protects and preserves a company’s financial capital. However many companies do not have the processes or devote even one-tenth of the effort on protecting the livelihood of their employees that they spend on their health and safety.

Mining firms large and small have developed impressive, bespoke programs to actively manage many of the industry’s diverse risks, allowing them to produce metal safely, in an environmentally sustainable way, and at a low cost.  However, for a variety of reasons, there is one risk that many firms have opted to deemphasize, or simply ignore: their exposure to adverse price trends.  While all firms with superior safety programs preserve human capital, the firms that also engage in monitoring and managing price risk preserve financial capital; effectively protecting hard-working (and hard to replace) employees from layoffs in down markets and all other stakeholders.  Against a backdrop of volatile and declining prices over the past few years, firms that have addressed price risk have developed stronger balance sheets than the competition.  Their management has been able to seize opportunities and ride out lean markets while many peers were on their heels.  In short, understanding how to manage price risk deserves as much attention as other significant risks/threats constantly being reviewed and managed by mining companies.

The Noah’s Rule philosophy “predicting rain doesn’t count; building arks does” forms the core of our approach to market risk management and encapsulates our belief that protection is more important than prediction and that prudent risk management requires companies to work out from their corporate strategy, rather than in from a ‘market price view’.

Noah’s Rule has designed a workshop that provides participants with an understanding of hedging products and techniques, the benefits and risks of hedging and how to apply hedging to their overall risk management strategy. The course is designed to assist management answer the perennial hedging questions for their circumstance: When should we hedge? How much should we hedge?  Can I afford not to hedge??

At Noon to 1 PM – Delegates to Workshops III & IV are welcome to enjoy a pleasant lunch together.
1 PM Concludes Lunch and the 2017 CTMF Conference

Register today (click here) or complete the registration form (click) here to attend the CTMF events including conference, dinner and workshops

Space is becoming limited * All attendees must register in advance of the event. 
Content, speakers, order and times are subject to change. 
A 4 page pdf schedule of the events is here A 2 page pdf schedule is here

Quebec - A Premier Global Center of Mining, Technology and Innovation.
Quebec - A Premier Global Center of Mining, Technology and Innovation.