Anglo faces headwinds in keeping restructuring on track
Anglo has been forced to accelerate its restructuring after successfully holding off a bid from BHP, the world’s biggest miner.
The 3rd edition of Global Mining Forum will focus on economic uncertainties that remain prevalent and significantly impacting the mining sector. The forum to be held in London on 23 – 24 January 2012, will provide the industry a platform to address several opportunities and challenges like resource nationalism, raising costs, access to capital and socio-political environment.
An ‘expanded footprint’ has ensured that resource nationalism retained its position as the number-one global risk for mining and metals companies around the world, as ranked by advisory firm Ernst & Young (E&Y).
Joining the speaker line-up, Samuel Borelli is the Director Project Evaluation from Zamin Resources Limited (United Kingdom) . Borelli will discuss the importance of resource nationalism as a risk factor for mining business and its impact on investor sentiments, in his presentation entitled Resource Nationalism: Entailing bigger risk to modern miners.
Borelli further informed us that “Resource nationalism is the single greatest risk for mining companies. A skewed view of the cyclical nature of the commodity business, sometimes coupled with populist moves and political pressures, has led governments to seek changes in regulatory environments – whether those were needed or not – increasing the countries’ risk perception.”
The IGF mining policy framework will be discussed by Patrick Chevalier, Director of Strategic Outreach and Partnerships Division from Natural Resources Canada Government of Canada. Chevalier will elaborate on the impact of governance on the mining sector to set the right conditions for corporate responsibility initiatives.
Clive Line, Finance Director at Serabi Mining PLC (United kingdom) will help the audience to understand the current investment appetite for providing capital for new mines and exploration projects emphasising on the advantages of different funding options and accessing alternative-equity funding.
Being held on the 23rd and 24th of January 2013 in London, this forum will gather global mining experts to explore opportunities for new mining projects, discover emerging markets and develop new options for funding and legislative limitations.
Participating companies include Rio Tinto (United Kingdom), ArcelorMittal Mining (United Kingdom), Nordic Mining(Norway), Lonmin platinum (South Africa), Kopy Goldfields (Sweden), African Consolidated Resources PLC (United Kingdom) to name a few.
