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CANADA. MINING PLC. AMERICA. AFRICA. AUSTRALIA. MINEX 2005. RUSSIA. CANADA. MINING PLC. AMERICA. AFRICA. AUSTRALIA. MINEX 2020 VISION. OOO RUSSIA MINING. MINEX 2005. Business Elements. Resource Base Resource Appraisal Infrastructure People Social/Env./H&S Legal Political.
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CANADA MINING PLC AMERICA AFRICA AUSTRALIA MINEX 2005 RUSSIA
CANADA MINING PLC AMERICA AFRICA AUSTRALIA MINEX 2020 VISION OOO RUSSIA MINING
MINEX 2005 Business Elements • Resource Base • Resource Appraisal • Infrastructure • People • Social/Env./H&S • Legal • Political • Fiscal • Accounting • Technology • Finance • Project Evaluation • Development
MINEX 2005 • RESOURCE BASE • ISSUES/CHALLENGES • Immense • Multi-commodity • Often remote • Markets • PERFORMANCE 80 % • ACTIONS
MINEX 2005 • RESOURCE APPRAISAL • ISSUES/CHALLENGES • GKZ vs JORC !! • Commercial reality • Age of data • State regulated • PERFORMANCE 70 % • ACTIONS
MINEX 2005 • INFRASTRUCTURE / LOGISTICS** • ISSUES/CHALLENGES • Limited/remote • Age • 9 time zones • PERFORMANCE 35 % • ACTIONS
MINEX 2005 • PEOPLE • ISSUES/CHALLENGES • Skills • Demographics • Attracting the brightest • PERFORMANCE 90 % • ACTIONS
MINEX 2005 • Social/Environmental/Health & Safety • ISSUES/CHALLENGES • Historical liabilities • Reactive vs proactive • Safety performance • PERFORMANCE 50 % • ACTIONS
MINEX 2005 • LEGAL • ISSUES/CHALLENGES • Security of title • Transparency • Institutional framework • Equality • PERFORMANCE 35 (80 once new law enacted) % • ACTIONS
MINEX 2005 • POLITICAL • ISSUES/CHALLENGES • Stability • Federal vs Regional • PERFORMANCE 75 % • ACTIONS
MINEX 2005 • FISCAL • ISSUES/CHALLENGES • Tax structure • Royalties • Incentives • PERFORMANCE 75 % • ACTIONS
MINEX 2005 • ACCOUNTING • ISSUES/CHALLENGES • IFRS • Corporate governance • PERFORMANCE 50 % • ACTIONS
MINEX 2005 • APPROPRIATE TECHNOLOGY • ISSUES/CHALLENGES • Some dated • Awareness of alternatives • PERFORMANCE 70 % • ACTIONS
MINEX 2005 • FINANCE • ISSUES/CHALLENGES • Equity – Russian or International? • Debt – Russian or International? • PERFORMANCE 65 (VARIABLE) % • ACTIONS
MINEX 2005 • PROJECT EVALUATION AND DESIGN • ISSUES/CHALLENGES • Role of institutes • Best practice • New technology • PERFORMANCE 40 % • ACTIONS
MINEX 2005 • PROJECT DEVELOPMENT • ISSUES/CHALLENGES • Project programme • Finance • Skills • PERFORMANCE 40 % • ACTIONS
MINEX 2005 WOULD YOU INVEST IN THIS BUSINESS??