London Global Mining Investment Conference - London

Objective Capital's London Global Mining Conference brought together more than 500 registered delegates from the broking, investing and financial community of London with senior mining executives from across the globe. The two-day programme provided an overview of the state of the sector, the future of commodity prices and where investors are currently focusing their attentions.


Delegates networked over morning and afternoon coffee, lunch and dinner in the stunning Stationers' Hall in the heart of London's historic financial district.

Main Programme

Tuesday, 28 Sep 2010
Time Activity
08:30-09:30 Registration & Coffee
Session Moderator: Gerry Clarke
Chairman, International Lithium Alliance
Opening Session: What is the new 'normal' for mining?
09:30-10:05 What is the new normal for the mining industry
David Humphreys - Former Norilsk Nickel Chief Economist
10:05-10:30 Raising funds in today's market
Richard Chase - Managing Director, Ambrian Partners
Session 1 Strategic metals and the clean-tech revolution
10:30-10:55 Outlook for Tungsten
Brian Wesson - CEO, Woulfe Mining
10:55-11:25 Networking Break
11:25-11:50 Outlook for Rare Earths
Gary Billingsley - Exec Chairman, Great Western Minerals
11:50-12:15 Outlook for Lithium
Jay Chmelauskas - President, Lithium Corp
12:15-12:40 Recycling fly-ash waste
Siegfried Konig - CEO, Vecor
12:40-14:05 Networking Lunch
14:05-14:30 Guest Speaker: Outlook for commodity prices
Chris Eibl - Fund Manager, Tiberius Asset Mgmt
Session 2 Speciality metals
Session Moderator: Glen Jones
Executive Director Intierra Resource Intelligence
14:30-14:55 Outlook for Molybdenum
Ron Coombes - CEO, Columbia Yukon Explorations
14:55-15:20 Outlook for Niobium
Mark Sumich - Exec Chairman, Globe Metals & Mining
15:20-15:50 Networking Break
Session 3 Precious Sector
Session Moderator: Michael White
Executive Vice-President, IBK Capital
15:50-16:15 Gold & Silver Outlook
Arthur Vestey - Investment Manager, Cheviot Asset Mgmt
16:15-16:40 Investing in Physical Diamond
Saul Singer - Chief Investment Officer, Fusion Alternatives
16:40-17:05 Outlook for Gold
Murray Nye - CEO, RX Exploration
17:05-17:30 Picking Gold Stocks
Angelos Damaskos - Fund Manager, Sector Investments
17:30-20:00 Closing drinks and Networking

Wednesday, 29 Sep 2010
Time Activity
08:30-09:30 Registration & Coffee
Session Moderator: Richard Chase
Managing Director, Ambrian Partners
Opening Keynote: What will be the next mining destination?
09:30-09:55 Emerging Mining Destinations
David Hutchins - Fund Manager, Grafton Resources
Session 4 Resource Nationalism
09:55-10:20 How are governments responding to the resource crisis
Jaakko Kooroshy - Policy Analyst, The Hague Centre for Strategic Studies
10:20-10:45 Making your jurisdiction attractive to mining
Stuart Russell - Senior Trade & Investment Manager, Western Australian Gov't
10:45-11:15 Networking Break
Session 5 Global hotspots
Session Moderator: Lance Feaver
Partner, Marriott Harrison
11:15-11:40 Opportunities Western Australia
Derek Fisher - CEO, Moly Mines
11:40-12:05 Opportunities in Quebec
Brad Kitchen - CEO, Eagle Hill Exploration
12:05-12:30 Opportunities in Ontario
Stefan Wozniak - Exploration Manager, White Tiger Mining Corp
12:30-12:55 Opportunities in Ghana
Dr John Clarke - Director, PMI Gold
12:55-14:05 Networking Lunch
Session Moderator: Timothy Leeson
Partner, Crowell & Moring
14:05-14:35 Mining the deep ocean
Ian Ransome - CEO, Diamond Fields
14:35-15:00 Opportunities in Zimbabwe
David Hargreaves - CEO, Fairtrade Gems
15:00-15:25 World Mining Hotspots
Glen Jones - Exec Director, Intierra
15:25-15:50 Networking Break
Session 6 Sustainable Mining & conflict resources
Session Moderator: Ludivine Wouters
Principal, Wouters Advisers
15:50-16:15 What next for the Kimberley Process?
Andy Bone - Director, World Diamond Council
16:15-16:40 Sustainable Mining
Aidan Davy - Senior Programme Director, ICMM
16:40-17:05 Transforming Artisanal & Small scale mining
Andre Van Zyl - Managing Director, Oak Ridge Solutions
17:05-17:30 Conflict Resources
Mike Davis - Chief Campaigner Global Witness
17:25-19:00 Closing drinks and networking
Gala Dinner
Guest Speaker: Big Issue Invest CEO, Nigel Kershaw, OBE
6:30pm Welcome Champagne ~ Registration & Coffee
7:30pm Gala Dinner
11:00pm Carriages


Leading international speakers updated London's financial community on the sector, the outlook for key commodities, and the state of the funding market for mining companies.


Presentations provide delegates with indepth information to base their investment decisions on.

View more presentation from Objective Capital

Speakers' Bios

  • Gerry Clarke

    Gerry Clarke, is a Mine Geologist and Applied Mineralogist and former lecturer in Applied Mineralogy at the University of Plymouth, UK. He is a former Editor for the Industrial Minerals Division of the Metal Bulletin plc, and an Executive Director of Metal Bulletin.

    Mr Clarke has written extensively across the spectrum of industrial minerals, and organised and chaired many conferences on behalf of Industrial Minerals Magazine and made numerous presentations to others' events over the years.

    Mr Clarke is also the compiler and publisher of the Magnesia Availability Wall Map and, in partnership with P W Harben, Inc., the creator of the Lithium Availability Wall Map.

  • David Humphreys

    David is the former Chief Economist of Norilsk Nickel, Russia's largest mining company, which he joined in 2004. In this role, he provided advice to the Board and senior management on the outlook for the global metals and mining industry and assisted in the formulation and implementation of group strategy. He was previously with Rio Tinto for eighteen years, the last eight of these as the company's Chief Economist. David has written and lectured extensively on the economics of the mining and metals industries, publishing well over one hundred articles and papers. Prior to joining Rio Tinto, David worked for nine years in UK government service, for six of these as an advisor on minerals policy. He has a bachelor's degree and PhD from the University of Wales.

  • Richard Chase

    Richard Chase joined Ambrian Partners in January 2003, becoming Managing Director in 2009. He has been intimately involved in the equity capital markets franchise from its outset, growing revenues from zero to the current level and building Ambrian's mining research team into the No. 1 ranked small and mid cap team. Richard started as an analyst in 2000, prior to which he spent 9 years as a geologist involved in the exploration, evaluation and start-up of various mines for a range of commodities.

    Richard holds a first class honours degree in Geology and an MSc in Mineral Exploration from the University of Rhodes, South Africa. He is a Fellow of the Geological Society and a Member of the Institute of Materials, Mining and Metallurgy.

  • Brian Wesson

    Brian is an engineer with 30 years' experience, an MBA and is a Fellow of the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors. Brian has extensive experience in the operation, design and construction of mines and process plants. Brian is als a Director of Westech International a Resource engineering company based in Sydney Australia. Westech bought the Vatukoula Mine in Fiji after mine closure, Westech refinanced, refurbished and brought the mine back to production and on listing Vatukoula Gold took over.

  • Gary Billingsley

    Gary is a professional engineer and geoscientist with more than 30 years' experience in the mineral industry–24 of them in Saskatchewan. He has been an officer and director of several public mining and mineral exploration companies during the past 18 years. In addition to his experience with uranium and base-metal exploration, Gary has been directly involved with putting Saskatchewan's largest gold mine into production and, on three separate occasions, has played a major role in the discovery of diamond-bearing kimberlite.

  • Jay Chmelauskas

    Jay Chmelauskas, Western Lithium's President, was most recently President and CEO of China Gold International Resources Corp. Ltd. (formerly Jinshan Gold Mines) where he successfully managed and led the company during all phases of the commissioning of one of China's largest open pit gold mines. In addition to his considerable experience in the exploration, development and mining industry, including a large Placer Dome gold mine, Jay held a key position with chemical manufacturer Methanex Corporation, where he was involved with a $250 million chemical plant expansion in Chile. His experience in both the chemical and mining industries is well suited to lead Western Lithium forward during the planned development, product marketing and production. Jay has a Bachelor of Applied Science in Geological Engineering from the University of British Columbia and a Master of Business Administration from Queen's University in Canada.

  • Siegfried Konig

    Siegfried is a businessman with over 30 years experience in Business Management, and has extensive relationships in the Australian capital markets and Public Company sector. Siegfried founded Telco Australia in 1992 and expanded the Company to over 1,000 employees and agents nationally before successfully completing the Company's IPO in 1998. Siegfried is an early stage investor who has facilitated the listing of a number of Public Companies on the Australian Stock Exchange including GPS Limited (now Industrea Limited) & Integrated Investments Limited.

  • Chris Eibl

    Christoph is the Fund Manager at Tiberius Asset Management. Tiberius was created to provide active management of commodity futures along with sophisticated, excess-value generating funds covering all angles of the commodities sector. This vision remains unchanged, and today the Tiberius team can show a proven track record of success in the industry, as well as extensive experience in commodity research and trading. In all, the Tiberius Group currently manages more than 10 commodity and fixed-income funds.

  • Glen Jones

    Glen has been working in the mineral exploration industry for over 36 years. His expertise is in the data and map requirements of companies involved in mining and exploration. In 1991, Glen created the "Hot Play Map" concept which developed into an industry standard. Between 1971 and 1980 Glen worked for Granduc Mines, Teck Corporation and Getty Mines.

    From 1980 to 2003 Glen managed his own consulting company, EnerSource, which was later renamed to Mineral Information Maps. In the first ten years, he concentrated on the integrated use of graphic and mapping software in conjunction with primitive data bases. This expanded to compiling databases that tracked global exploration activity around the globe. In the latter years, he developed techniques for compiling digital exploration data and claim (tenement) databases and then publishing this data in related maps. As GIS and graphic software advanced, the presentations of the published maps have been refined to one of the best in the industry.

    In 2003, Mineral Information Maps merged with Intierra Ltd, a Perth based company who had just merged with Minmet. Intierra had developed a web based infrastructure for bringing together all levels of technical and financial data. Together these three merged companies now have the largest global mining, exploration and mapping subscription data base. Intierra has expanded the map publishing business from one that was producing 6 maps per year to a global one that now produces over 50 per year.

  • Ron Coombes

    Ron is an experienced entrepreneur and fundraiser and has been involved in mineral exploration and junior exploration company management for the past 15 years. Mr. Coombes also holds the position as President of International Bethlehem Mining Corp., Black Panther Mining Corp., White Tiger Mining Corp. and Rainy Mountain Royalty Corp.

  • Mark Sumich

    Mark brings a wealth of managerial, financial and legal expertise to Globe, and he has also been a director and senior executive of a number of public and/or ASX-listed companies. Professional advisory experience includes corporate and securities law in the Perth office of Clayton Utz, one of Australia's largest law firms, corporate finance with PricewaterhouseCoopers and more recently financial consulting to some of Australia's largest financial services organisations, National Australia Bank and Commonwealth Bank of Australia.

  • Michael White

    Mr. White has been with IBK Capital since 1990. During this time, Mr. White has been involved in private placement financings totalling over US $450 million. He has also been active in financial advisory assignments and mining industry developments including: advisory services to the Government of Newfoundland and Labrador with respect to its arrangements with Inco Ltd. over the development of the nickel deposit at Voisey's Bay; acting as financial advisor to Noront Resources Ltd. to evaluate strategic alternatives to maximize shareholder value in the wake of a major nickel discovery at its Double Eagle Project in the McFauld's Lake region of Ontario, Canada; advisory and financing services to Western Goldfields Inc. on its purchase and development of the Mesquite gold mine in south-eastern California; and advisory services to Marine Mining and the development of Ghana's coastal and offshore mineral wealth.

    Mr. White graduated with a BA in Geology from the University of Western Ontario in 1994, and a Masters of Business Administration degree from the Ivey School of Business at the University of Western Ontario in 2000.

  • Arthur Vestey

    Arthur joined Cheviot in early 2009 having spent two years working as a Financial Analyst at Life Trust, a UK Life & Pensions company. Prior to that Arthur worked for a boutique Merchant Bank, City Capital Corporation. At Cheviot he advises Abydos a Precious Metals Fund alongside Ned Naylor-Leyland.

  • Saul Singer

    Saul is a Founding Partner of Fusion Alternatives, a leading investment advisory and asset management firm specialising in investment diamonds. Fusion Alternatives is a pioneer in the emergence of investment diamonds as an alternative investment asset class and Saul is regularly sort after by financial press and media as an investment diamond expert. Prior to creating Fusion Alternatives Saul was the Head of Research of the Rapaport Group, the world's leading service provider to the global diamond industry. In this capacity Saul was the Chief Advisor to the Rapaport Price List , the global price benchmark authority for polished diamonds. Saul commenced his career at the National Australia Bank in its private wealth management division and was involved in the development of its suite of Fund-of Funds products in the late 1990's. Saul holds a Bachelor of Business and Arts degrees from Monash University and a post-graduate fellowship at the Securities Institute of Australia.

  • Murray Nye

    Murray is the CEO of RX Exploration. Murray R. Nye is the founding director and principal of Venbanc Investment Management Group, an investment and merchant bank located in Winnipeg, Manitoba since 1994. He is a Director and former Chief Executive Officer of ATSI Communications Inc. and serves as a Director of Green River Resources.

  • Angelos Damaskos

    Mr Damaskos is a Greek national who arrived in the UK in 1981 to attend university. Graduated in 1985 from the University of Glasgow with a Degree in Mechanical Engineering and in 1989 obtained a Masters in Business Administration (MBA) from the University of Sheffield. He benefits from more than 14 years investment banking experience with major banks in the City of London concentrating on natural resources. Most recently he worked with the European Bank for Reconstruction and Development where he was responsible for some of the bank's equity investments in Russia and the CIS. In 2004, subscribing in the belief of a new commodities super-cycle, he set up Sector Investment Managers Ltd, an FSA-authorised investment advisory company and launched the Junior Oils Trust (JOT) which he advises. JOT grew from a launch NAV size of £3.7m to in excess of £17m by 30 June 2006. Discreet 2005 annual performance was +64% (on a bid to bid basis) placing it the 12th best performing fund among 1,925 UK-listed Unit Trusts and OEICs.

  • David Hutchins

    David has 20 years' experience as a resources analyst and fund manager. His career began with the Melbourne Stock Exchange in 1979 and subsequently became an executive director of M&G Investment Management. He headed the International Desk at M&G Investment Management from 1995, where he was concurrently responsible for M&G's investments in the precious metals and commodities sector globally. He left M&G Investment Management in December 1996 and later became involved in Fund Management at Yorkton Securities and acted as a consultant at AWI Administration Services in Australia. He was a founding director of Resources Investment Trust plc at the launch in January 2002 and is a non-executive director of Rivington Street Holdings Plc and a non-executive director of Australian listed SA Metals Limited.

  • Jaakko Kooroshy

    Jaakko is a policy analyst for the Hague Centre for Strategic Studies. The HCSS is an independent think-tank founded by the Netherlands Organisation for Applied Scientific Research. HCSS combines the technological know-how of TNO with strategic expertise enabling policy-oriented analysis and research. It aims to translate conceptual thinking into solution-oriented policy and operational recommendations– a unique approach in the Netherlands and Europe.

  • Stuart Russell

    Stuart is an ordinary public servant who has been serving the Western Australian government for some time. Some of his formative years were spent in Australia and having returned to the UK he has continued to serve the Western Australian Government. Stuart works on trade development and investment attraction, particularly in resources, commodities, oil and gas and renewables and clean technologies.

  • Lance Feaver

    Major area of work covers general corporate work including mergers and acquisitions, takeovers, IPOs on the Official List and AIM, private equity transactions, fundraisings, group reorganisations and reductions of capital, and acts for both Nominated Advisers and Sponsors.

    Considerable experience of project managing complex cross border transactions working alongside institutional investors, buyers, sellers and banks, on a multi-jurisdictional basis, has been involved in UK and European inward investment and has acted for a number of North American and European buyers.

  • Derek Fisher

    Dr Fisher has more than 35 years of worldwide experience in the resource industry. He has been the principal in listing a number of companies, both in Australia and Canada, and has more than 20 years' experience as a manager of publicly listed companies. Dr Fisher began his career with the New South Wales Geological Survey in 1966 and, following graduation from the University of New England, Armidale, NSW, moved into the mineral exploration and mining industry. During the 1970s he undertook doctoral studies at the University of Toronto, Canada, gaining his PhD in 1979. Dr Fisher is an honorary life member of the Association of Mining and Exploration Companies (AMEC), having spent 13 years on the council of AMEC.

  • Brad Kitchen

    Mr Kitchen is a Vancouver-based businessman and has been the President of PBK Financial Engineering since April, 1997, a company that offers corporate finance consulting to small-cap corporations.

    Mr Kitchen has been the President and Chief Executive Officer of Eagle Hill since its inception in 2006 and is also the President, Chief Executive Officer and a director of Yankee Hat Minerals Ltd, another TSX-V listed issuer. In addition to his current and past roles with multiple TSX Venture Exchange issuers, Mr Kitchen also served as Vice President of CIBC World Markets (formerly CIBC Wood Gundy Securities Inc.) and TD Securities Inc. for more than eleven years. Mr Kitchen received his Masters of Business Administration from McGill University in June, 1987. He received his Bachelor of Applied Science in Civil Engineering from the University of British Columbia in January, 1985.

  • Stefan Wozniak

    Stefan is the Exploration Manager at White Tiger with many years experience in the industry having previously worked as a Mining Engineer at Global Hunter Corp and Majestic Gold Corp and Metallurgist at Phelps Dodge. Stefan is also the Exploration Manager at Columbia Yukon Explorations and at Waterfront Mining Group. Stefan has a Mining Engineering degree from the University of British Columbia.

  • Dr John Clarke, Ph.D, MBA

    Dr Clarke holds a B.Sc. in metallurgy from University College Cardiff, a Ph.D. in metallurgy from Cambridge University and an MBA from Middlesex Polytechnic. During his long career involved in African mining he has held a number of executive positions including Executive Director of Ashanti Goldfields and most recently was the CEO of Nevsun Resources Limited, an exploration and development company engaged in gold and base metals exploration and development in Africa. While at Ashanti, Dr Clarke was responsible for strategic planning and business development and contributed to establishing Ashanti's gold exploration program throughout sub-Saharan Africa, including the acquisition of the Geita deposit in Tanzania, the Siguiri deposit in Guinea and the Bibiani deposit in Ghana.

  • Timothy Leeson

    Tim Leeson is a partner in Crowell & Moring's London office. He has significant experience in the full range of corporate (and associated commercial) work including private equity, venture capital, public offerings, takeovers, restructurings and distressed debt purchases. Tim has more recently worked on a range of transactions for private investment and asset management firms, including transactions in CIS, Dubai, Eastern Europe, Nigeria and Turkey, in addition to the UK.

  • Ian Ransome

    Ian Ransome is a geologist and has been involved in management and running the Company's various exploration programmes for the past twelve month's. He has extensive experience in Africa in running exploration and mining programmes for various commodities and precious metals. Mr Ransome became interim President and CEO of the Company in July 2010.

  • David Hargreaves

    David Hargreaves is a mining engineer and geologist. He owns a consultancy practice which specialises in the gemstone industry and is particularly active in diamonds. He was for three years Head of Mining Research for stockbrokers James Capel and now consults to WH Ireland. He is CEO of his family company Fair Trade Gemstones Ltd, which specialises in the ethical sourcing and marketing of gemstones worldwide. He is a Chartered Engineer and a fellow of The Geological Society.

  • Ludivine Wouters

    Ludivine is an independent corporate development consultant, advising listed and private mining companies focusing on exploration and production of diamonds, gold and base metals in Africa and the Middle East. She provides corporate growth and strategy advice focusing on external growth opportunities, as well as transaction management services in relation to joint ventures, mergers, acquisitions, divestments and fundraisings. Prior to this, she worked briefly in political risk insurance within a Lloyd's insurance syndicate before acquiring six years of legal experience in corporate law, mergers and acquisitions and capital markets with Debevoise & Plimpton and Herbert Smith in Paris. Ludivine is also a director of the UK network of Women in Mining.

  • Andy Bone

    Andrew Bone is Director of International Relations at De Beers. He started with De Beers as a diamond valuer and subsequently worked in various other departments within the company's Rough Diamond Division, including overseas secondments in South Africa and Belgium. Later, he became an overseas buyer for six years, managing buying offices, mainly in the Democratic Republic of the Congo. Following a year in the Sales Department, he joined Marketing Liaison and Corporate Communications where, following the emergence of the conflict diamonds issue, he headed a team that worked on developing stakeholder relations and contributing to the establishment of the Kimberley Process Certification Scheme. He went on to develop the concept of the Diamond Development Initiative with the NGOs Partnership Africa Canada and Global Witness.

    Today, Andrew is Director of International, Industry and Government Relations (International Relations). Based in London, International Relations is one of three component parts of De Beers Group External & Corporate Affairs, working in collaboration with Group Communications (Comms) and Corporate Responsibility (CR) in support of Country Managers in Botswana, Namibia, South Africa, India and Canada.

    The role of International Relations is to develop and maintain De Beers Group relationships with governments, intergovernmental organizations (IGOs), such as the United Nations and associated agencies, other international organizations, including some think tanks and academia, industry groups, and international, advocacy-focused, non-governmental organizations (NGOs).

    It deals with international policies, directives and norms that have an impact across the Group, such as the Kimberley Process and the Millennium Development Goals (MDGs). Its mission is to promote and protect the business interests of De Beers through successful management of its relations with these stakeholder groups. Andrew Bone is also a director of the World Diamond Council and the Diamond Development Initiative, and is a visiting lecturer at the University of Westminster's Business School.

  • Aidan Davy

    Aidan Davy joined ICMM in June 2007. He is responsible for ICMM's Community and Socio-economic Development Program, including issues relating to Human rights and Indigenous Peoples. He also leads ICMM's work on sustainability reporting and independent assurance. Aidan has over 23 years of cross-sectoral experience on sustainable development issues, working with a range of private, multi-lateral and not-for-profit organizations. For the past 12 years, his primary focus has been on social responsibility and accountability issues relating to the extractive industries.

    The International Council on Mining and Metals (ICMM) was established in 2001 to act as a catalyst for performance improvement in the mining and metals industry. Today, the organization brings together 19 mining and metals companies as well as 30 national and regional mining associations and global commodity associations to address the core sustainable development challenges faced by the industry. ICMM's vision is one of member companies working together and with others to strengthen the contribution of mining, minerals and metals to sustainable development.

  • Andre Van Zyl

    Andre is an social entrepreneur who's past experience includes operational military duty, owner of a start-up that developed the first commercial PC based, fully integrated, accounting system for the South African market, IT director for Lloyds based President Insurance, a South Africa insurance company, and 10 years with BP as Global Business Solutions Architect and International Program Manager for a number of large scale business transformation solutions across 32 countries.

    After leaving BP, Andre started Oakridge Business Solutions, a business consulting and knowledge management company 5 years ago. He formed Oakridge Mining Solutions 3 years ago to focus on the development potential of the artisanal mining sector in central Africa. Andre is also chairman of Kalminco, the first Congolese minerals company with a majority shareholding by local community stakeholders, developed in partnership with Oakridge Mining Solutions and co-founder of Mission Restoration, a trust aimed at social development in Bulgaria.

  • Mike Davis

    Global Witness was the first organisation that sought to break the links between the exploitation of natural resources and conflict and corruption. Over the years their investigations and powerful lobbying skills have been a catalyst for most of the major international mechanisms and initiatives that have been established to address these issues including the Kimberley Process and the Extractive Industries Transparency Initiative (EITI).

  • Nigel Kershaw

    The evening will feature a guest presentation by Big Issue Invest CEO, Nigel Kershaw, OBE, on their latest initiative to create a Social Enterprise Investment Fund. Thinking differently is something that comes naturally to Big Issue Invest, a subsidiary of The Big Issue magazine, which has shown how a business, as opposed to charity, can be part of the solution to the social crisis of homelessness. This pioneering Fund has been established to finance the growth of more social enterprises in the UK – surplus-generating businesses that put social impact at the heart of what they achieve.