DAY ONE

Tuesday, 2nd December 2008

09:00 Welcome

09:20 The State of Global Mining - Session 1: How to manage sovereign risk and negotiate effectively with communities in challenging areas

  * Bridging the gap between the revenue governments were seeing mining companies make a year ago, and the reality now
  * How can fair fiscal and a more transparent regulatory environment be established, enforced and implemented?
  * Benefit sharing and social management - quantifying thee real cost of ignoring these areas and how to get it right
  * African and Congo focus - are the new mining laws going to encourage stability and transparency there in the future?
  * Latest World Bank initiatives in the mining sector

Mr Paulo de Sa, Manager, Oil, Gas & Mining Policy Division
World Bank

09:40 The State of Global Mining - Session 2: Global exploration strategies in changing market conditions

 * Cost inflation in the industry
  * Resource nationalism and sovereign risk
  * Partnerships with juniors
  * Sustainable resource development - implications for exploration and mining

Mr Eric Finlayson, Head of Exploration
Rio Tinto

10:00 The State of Global Mining - Session 3: The changing shape of the market

  * The changing industry landscape
  * Industry consolidation
  * Fundraising in the current market environment
  * AIM as a source of funding
  * Arising acquisition opportunities

Mr Thys Terblanche BCom, CMA, CA, Head of Mining & Metals, Investment Banking
Standard Bank

10:20 The State of Global Mining - Session 4: Social and community development 

  * The increased power for communities has emerged from the growth of democracy; increasing responsiveness from the industry; the growing influence of NGOs; and the industry's increasing understanding that the need for free prior and informed consultancy is a reality
  * The need to understand both direct and indirect, the positive and negative impacts of our industry
  * Sustainable development related issues have become a key constraint on the industry's ability to expand production 
  * What are the legitimate expectations of the industry's contribution to development at a national and country level? Multi-stakeholder partnerships are emerging as of growing importance in improving governance and in tackling infrastructure and water constraints
  * What strategies can companies adopt at a local level to ensure that they understand the development needs of the communities associated with their operations?

Mr Edward Bickham, Group Head External Relations
Anglo American

10:40 Questions & Answers

10:45 Ten-Minute Corporate Presentations - Latest Developments in Diamond Projects: Chaired by Daniel Fox-Davies, Fox-Davies Capital

Panel: Gemfields (Gems Zambia); Shore Gold (Gold); Liberty International (Au, Diamonds; Liberia, Canada); Kopane Diamonds (Diamonds; S Africa); Rockwell Diamonds (Diamonds; S&C Africa); Firestone Diamonds (Diamonds; South Africa, Botswana)

12:00 Mining Financing Chair: David Glennie - Blake Cassels & Graydon

12:05 Mining Financing - Session 1: New industry structure: where is the industry currently heading; are there common themes which will re-shape the mining sector?

  * M&A is still very active
  * Juniors continue to be swallowed by the majors
  * Geographical rebalancing of the industry - growth of the Chinese and Indian investment in new territories
  * Government to government agreements - eg Chinese and African governments
  * Who controls mineral resources - how is this balance gradually shifting
  * How is the financing market supporting this shift - eg advisory to Chinese companies in Africa
  * It is a level playing field for financing - Chinese state owned banks activity
  * Potential for Western mining companies - eg strategic partnerships with new partners 

Judith Mosely, Managing Director, Mining Finance
Société Générale

12:25 Mining Financing - Session 2: Locking in good prices and finances

Mr Michael Lynch-Bell, Partner in Charge, Mining
Ernst & Young

12:45 Mining Financing - Session 3: Examining the operating and funding challenges facing small miners and how they can be overcome in the short term

  * Costs rising faster than some commodity prices
  * Availability and costs skilled labour
  * Sources of risk capital dry up
  * Risk premia rise in a risk-averse market
  * Consolidation threats increase
  * Identifying the M&A opportunities emerging in the market and how they will be priced
  * Who will be the winners and losers?

Mr Des Kilalea, Analyst
RBC Capital Markets

13:05 Mining Financing - Session 4: Clearly valuing and communicating risks vs rewards to investors in challenging areas

 
  * Risk vs reward profiles of the different areas
  * How to value sovereign risk, heath and safety, contract risk
  * What should you do if these risk levels change or are expected to change?

Mr Peter Rose, Head of Mining Research
Fox Davies Capital

13:25 Questions & Answers

13:30 Ten-Minute Corporate Presentations - Recent Developments in Europe and CIS: Chaired by: Frank Holmes, CEO & Chief Investment Officer, US Global Investors

Panel: EMED Mining (Au, Cu; Georgia, Cyprus, Spain, Slovakia); Stratex (Au, Cu, Mo;Turkey); European Goldfields (Au, Ag, Cu, Pb, Zn; Greece, Romania) Northlands (Au, Cu, Iron ore; Sweden, Finland); Kefi Minerals (Au, Ag Turkey); Amur (Ni, Cu; Russia)

14:45 Investment Fundamentals: Chair: George Rogers - Commodities & Resource Finance, Capital Markets, Investec

14:50 Investment Fundamentals - Session 1: Understanding the concept 'emergence' to adapt to changing market conditions

  * How do investors view the sector - key trends, oppotunities and risks
  * Expectations are rapidly diminishing in a difficult market - clarifying exactly what investors now need to see from the mining industry
  * High risk, non-performance, poor planning and execution is creating real investment issues in the market - what is currently worthy of investment?
  * Evaluating the emerging country risks and oppotunities? Demographics and correlation of metal demand with industrial output in G7 vs E7 (China, India, Brazil, Pakistan, Mexico, Russia and Nigeria)
  * Demand destruction - how to overcome?
  * How can juniors and governments be more realistic in what they want? - Factoring in the rising capital costs which means higher commodity prices. - Coming up with appropriate and realistic discount rates.

Mr Frank Holmes, CEO & Chief Investment Officer
US Global Investors

15:10 Investment Fundamentals - Session 2: Clarifying what investors are looking for in the new market conditions

Mr Graham Birch, Managing Director & Portfolio Manager
BlackRock, London

15:30 Investment Fundamentals - Session 3: Top tips for investing in mining and balancing risk in your portfolio

  * Go long? Go short? What is the best method of investing in mining today?
  * How do you balance risk in your portfolio?
  * How important to the investor is geographic focus versus a diversified asset portfolio?
  * Implications of increased cost of capital in this sector for investors?
  * Where will investors put their money in 2009
  * Growth areas in the medium and long term-will investors favour mid-cap and junior miners?
  * Assessing the long term potential of different commodities.

15:50 Investment Fundamentals - Session 4: Special session: Junior company financing

Panel featuring: Frank Holmes of US Global Investors, Graham Birch of BlackRock, Barry Dawes of Martin Place Securities, Frank Lucas of Loeb Aron and Mark Bailie Barclays Capital, Ajay Paliwal Jiva Capital.

17:15 Ten-Minute Corporate Presentations - Precious Metals Opportunities: Chaired by Frank Lucas, Loeb Aron

Panel: Papua New Guinea Government (Base, Precious Metals; PNG); Randgold Resources ( Mali, Côte d’Ivoire, Senegal) Etruscan Resources (Au, Diamonds; W&S Africa);;Lydian International (Au, Zn, Pb; Eastern Europe); Apex Minerals (Au, Ni; Australia); Excalibur Mining (Au; Australia)

18:30 Drinks Reception: Opportunity to network with speakers and delegates

DAY TWO

Tuesday, 2nd December 2008

09:00 China Focus: Resources requirements, sovereign spending, and doing business in the Chinese markets
Chair: Ian Coles, Partner, Mayer Brown 

09:15 China Focus - Session 1: Listing on the HKEx - an international market in Asia for mining companies

  * Why should we pick HKEx?
  * Practicalities of listing

Mr Lawrence Fok, Executive Vice President
Hong Kong Exchanges & Clearing Ltd

09:35 China Focus - Session 2: China's outward investment overview: resource requirements, new geo-partnering strategies and investment priorities

  *  China's growing leadership internationally and how their economic interests are developing
  *  How is the surplus of currency being spent and how will new infrastructure projects in China and elsewhere impact on the mining market
  *  New focus on growth rather than inflation - what does this mean to the rest of the world?
  *  Which raw materials are the top priorities for the goverment to keep or acquire?
  *  Assessing the shape of banks in China and how they will invest their money
  *  Tax issues - what is the policy on taxes on exporting materials they need
  *  What are the key countries China will be investing in aggressively
  *  Chinese fund managers/investors/big end users/government - what are they looking for?
  *  What are the Chinese investing in, particularly outside of China?

Debbie Thomas, UK Head Metals & Mining
Deloitte

09:55 China Focus - Session 3: Listing of mineral companies on the Stock Exchange of Hong Kong (SEHK)

  *  The SEHK is characterised by great liquidity. Part of this liquidity is as a result of the qualified domestic institutional investor scheme, introduced in 2006, to channel China's foreign reserves into the SEHK and to alleviate the liquidity glut in the economy
  *  While the SEHK is dominated by Hong Kong and mainland Chinese companies, to alleviate this dependence, the SEHK implemented a policy a year ago to attract foreign companies to list on it.
  *  Foreign companies are increasingly looking to list on the SEHK. The premiums for resource companies on the SEHK remain strong and in some cases much higher than other international markets. Given China's huge demand for minerals and resources, the lack of mineral and resources companies on the SEHK and the premiums involved, foreign minerals and resources companies are especially looking to the list on the SEHK

Mr David Richardson, Counsel
Dorsey & Whitney, HK

10:15 China Focus - Session 4: China Mining - a paradigm shift from investee to investor

  *  China Foreign Reserves has grown from about $200 billion to $1.8 trillion in the
  past decade
  *  Foreign Direct Investment in China has also doubled in that period
  *  The first half of the decade saw China as a net recipient of mining investment
  *  What were the key criteria for foreign mining investments in China
  *  What was the structure and function of foreign mining companies in China
  *  How did investments in mining compare with other industry/sectors
  *  The latter half of the decade saw China as a net provider of mining investment
  overseas
  *  What changes occurred to stimulate these outbound investments
  *  How have these changes reflected on foreign companies operating in China
  *  How have these changes affected mining companies in Africa, Canada, Australia
  and South America
  *  How can foreign mining companies capitalise on this new trend
  *  What does the future hold for both Chinese mining companies and foreign mining
  companies as the paradigm has shifted

Mr Keith Spence, President
Global Mining Corp

10:35 Questions & Answers

10:45 Ten-Minute Corporate Presentations - Energy and Other Commodities: Chaired by: Jeremy Wrathall, GMP Securities

Panel: Homeland Energy (Coal; U;S Africa); Tournigan Energy (U; Slovakia); NKWE Platinum (PGM's; South Africa); Gippsland (Sn, Tantalum; Egypt);Apollo Minerals (Fe, Western Australia)

12:10 Ten-Minute Corporate Presentations - North America: Chaired by: Evy Hambro, BlackRock

Panel: North American Tungsten (Tungsten, Canada); Copper Fox (Cu; Canada); Donner Metals (Zu, Cu, Ni; Canada); Yellowhead (Au, Ag, Cu; Canada); Esperanza Silver (Ag; Peru, Mexico); Nevoro Inc; (Au, Base Metals; US); Petaquillia (Au, Cu; Panama)

13:35 International Big Picture - Risks and Opportunities
Chair: Sebastian Willis-Fleming - Director, Crisis Security Consulting, Control Risks 

13:40 International Big Picture - Session 1: Risks and Opportunities, Focus on Political Risk

  *  What is it?
  *  Is it manageable?
  *  Should companies bother? Is it just for larger companies?
  *  Economic downturn. Cutting costs. Ignore Political Risk?
  *  Focus on Africa
  *  Latest trends. Where are we heading?

Mr Paul Comfort, Consultant - Risk & Security
Control Risks

14:00 International Big Picture - Session 2: Financial Reporting - current practice by junior mining companies and future direction.  

  *  Trends in accounting treatments adopted by junior mining companies and their IFRS financial standards
  *  Impact of standards changing in the short term including business combinations, segment building and presentation of financial statements
  *  Standard setters' response to the credit crunch
  *  Future direction of international accounting standards

Mr Jason Homewood, Partner
PKF

14:20 International Big Picture - Session 3: Copper - the big picture: supply developments internationally and the impact of growth in Asia & the Middle East on demand, risk and reward in the sector

 
  *  How did copper prices get where they are, what caused it?
  *  The reality of decoupling
  *  Understanding the impact of the growth in Asia and the different technology needs required and the materials needed to support them
  *  Exploring the impact of extensive building in emerging areas and the impact on copper
  *  Copper demand in power plants and green energy and automobiles - how fast will demand grow in a cool market?
  *  The future of copper mining - risk and reward

Mr Gianni Kovacevic, Corporate Development Strategist
Petaquilla Minerals

14:40 International Big Picture - Session 4:Operating practice in Africa

Mr Craig R Williams, President CEO & Founder
Equinox Minerals Ltd

15:00 Questions & Answers

15:10 Ten - Minute Corporate Presentations - News from Africa

Panel Cluff Gold (Au; W Africa); African Eagle Resources (Au, Cu; E&C Africa); El Nino Ventures (Cu; DRC); Africo Resources ( CU and CO; DRC); Pelangio (Au; Canada, Ghana); 

14:50 Investment Fundamentals - Session 1: Understanding the concept 'emergence' to adapt to changing market conditions

  * How do investors view the sector - key trends, oppotunities and risks
  * Expectations are rapidly diminishing in a difficult market - clarifying exactly what investors now need to see from the mining industry
  * High risk, non-performance, poor planning and execution is creating real investment issues in the market - what is currently worthy of investment?
  * Evaluating the emerging country risks and oppotunities? Demographics and correlation of metal demand with industrial output in G7 vs E7 (China, India, Brazil, Pakistan, Mexico, Russia and Nigeria)
  * Demand destruction - how to overcome?
  * How can juniors and governments be more realistic in what they want? - Factoring in the rising capital costs which means higher commodity prices. - Coming up with appropriate and realistic discount rates.

Mr Frank Holmes, CEO & Chief Investment Officer
US Global Investors

15:10 Investment Fundamentals - Session 2: Clarifying what investors are looking for in the new market conditions

Mr Graham Birch, Managing Director & Portfolio Manager
BlackRock, London

16:30 Exhibition Closed

18:50 Outstanding Achievement Awards Dinner - HAC Winter Garden 

Panel featuring: Frank Holmes of US Global Investors, Graham Birch of BlackRock, Barry Dawes of Martin Place Securities, Frank Lucas of Loeb Aron and Mark Bailie Barclays Capital, Ajay Paliwal Jiva Capital.