5th Mineral Project Valuation Colloquium

Type of Event

At this point in time, the event is planned as a hybrid conference with international participation, which will allow for contact and online attendance and presentation. We are still in Stage 1 Lock down in South Africa as a result of COVID-19. We will monitor the situation, and if it appears that the effects of the pandemic are still such as to pose a threat to the health and safety of delegates, or restrictions are lifted to allow for more contact participation and international travel, the event delivery method will be adjusted accordingly.

Please submit your abstracts and papers as these will be peer reviewed and published for all contact and hybrid/online conferences.

Overview

The focus for the first day will be on best practice in valuation techniques. This will be targeted at those who do not perform valuations regularly and in need of a refresher or those looking to develop valuation skills and enter into a new field. This will also be of use to those working in industry who are exposed to or interact with valuations. Those that are looking to engage more meaningfully to improve their decision making and insights into mining and the potential of projects and companies.

The focus for the second day will be on more advanced topics and discussions on some of the challenges with valuation. This day is generally of benefit to more experienced valuators although it can be helpful for less experienced valuators to have exposure to issues that will confront them in the future. It is also an opportunity for them to understand the limitations of valuations and the data on which valuations are based. The discussion of these limitations is intended to improve the ability of experienced valuators to interpret their valuations and for discussions on ways to contextualise valuations and provide more insightful feedback.

Objectives

• To overview basic theory and principles of valuation techniques and focus on the commonly used DCF technique
• To cover aspects that commercial and development banks look for when deciding to fund a project
• To address aspects that mining companies consider in mineral project valuation
• To evaluate risk in mineral project valuation
• Impact of changes in the accounting standards
• To look at the implications of environmental and social aspects of valuation

Who should attend

• Exploration geologists
• Mining engineers involved in feasibility studies
• Project managers
• MRM managers
• Mineral industry advisory consultants and academics
• Accountants/auditors in mining and metals sector
• Professionals involved with mining project reviews
• Financial managers
• Chief financial officers
• Mineral project valuators and anyone with an interest/responsibility in mineral project valuation

Contact

FOR FURTHER INFORMATION, CONTACT:
Gugu Charlie, Conference Coordinator,
E-mail: gugu@saimm.co.za
Tel: +27 11 834-1273/7

Keynote Speakers

STEVE GEMELL

Steve Gemell has more than 40 years' experience in the mining industry, having worked throughout Australasia and in Africa, North and South America, Asia, Eastern and Western Europe. He has been Principal of Gemell Mining Engineers, an independent multi-discipline consultancy, since its formation in Kalgoorlie in 1984, and has also been an associate corporate consultant of SRK since 2016. He specialises in mineral property assessment, strategic studies and valuation, and has provided expert witness in these areas continuously for more than a decade.

His experience includes operational management in underground and open pit mining in positions from shift boss (at Libanon and Venterspost) to resident manager (in Australia), which has also involved the control of CIP/CIL, flotation, magnetic separation and gravity processing plants. He has subsequently held more than twenty-five executive and non-executive directorships - including the positions of technical director (of Zimplats), managing director, and ten appointments as chairman - in ASX-listed and other active mining companies.

Steve previously held a long-term appointment as Visiting Fellow at the University of New South Wales (UNSW), and currently lectures on a casual basis to post-graduates at UNSW on mineral economics, mineral asset valuation and mine management systems. He also currently advises on mineral asset valuations and mine feasibility studies in Mongolia, on behalf of the Australian Government.

He is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), a Chartered Professional (Mining), and a Member of the American Institute of Mining, Metallurgical and Petroleum Engineers. He has been an AusIMM representative on the VALMIN Committee since 2010, and is also a VALMIN representative to the International Mineral Valuation Committee (IMVAL), which he chaired in 2018 and 2019.

TREVOR R. ELLIS

Trevor Ellis has been the invited U.S. speaker on industry valuation standards at many conferences worldwide, including presenting papers on three occasions at the United Nations in Geneva. Of his 90 professional papers, approximately 50 have been published, 19 as peer reviewed papers.

Ellis began his career in 1970 as an exploration geologist, then mineral economist, subsequently specializing in market valuation of mineral properties. He currently works as a valuation expert for litigations. He has a B.S. geology from the University of Melbourne, an M.S. in mineral economics from the Colorado School of Mines, and is a Certified Minerals Appraiser by the International Institute of Minerals Appraisers (IIMA).

In 2001, Ellis founded the Extractive Industries Expert Group of the International Valuation Standards Committee. While he was chair, through 2008, the group developed extractive industries valuation standards, first published in the 2005 International Valuation Standards, and wrote influential submissions to major international institutions. IIMA adopted their best practice guidelines.

In 2012, Ellis formed the Valuation Standards Committee of the Society for Mining, Metallurgy, and Exploration (SME), leading the development of the 2016 and 2017 editions of the SME Valuation Standards. He represented SME on the International Mineral Valuation Committee (IMVAL) for six years, from its founding in 2012.

Ellis received the 2018 Mineral Economics Award of the American Institute of Mining, Metallurgical, and Petroleum Engineers, “In recognition of his tireless leadership in mineral property valuation.”

Key Dates

• Submission of Abstracts: 8 March 2021
• Acceptance of Abstracts: 22 March 2021
• Submission of Papers: 26 April 2021
• Colloquium: 28 - 29 July 2021

Venue: Covid-19 Protocols

The Canvas Riversands: Measures taken regarding COVID19

Johannesburg, 12 March 2020 – As a responsible venue and in line with our company values, the health and wellbeing of all who attend events hosted at The Canvas Riversands is a priority.
We clean our facilities on a daily basis using the industrial quality cleaning materials and disinfectants. However, in light of COVID19, we have instituted the following additional measures to mitigate against the spread of the disease:

• Setting up 6 stations for self-dispensing hand sanitizers throughout our building.
• Keeping our main bathroom doors open so that visitors do not have to touch handles.
• Adding additional hygiene signage around our events to remind visitors to wash their hands regularly.
• Increasing the frequency of wipe downs of all common touch areas each day including door knobs, lecterns, microphones, hand rails, trash cans, water stations, registration tables and in and around the bathroom areas.
• On the arrival each delegate will be screened at the registration desk.

We recommend that event organisers also consider the following actions in hosting events:

• Communicate regarding the importance of delegates staying at home should they experience any symptoms: a cough, high temperature or shortness of breath.
• Communicate that if delegates have recently visited any countries of high-risk regions identified do not attend events.

Contacts
Lerato Maela
VENUE Events Administrator
Tel: +27 (0) 11 012 4600
Mobile: +27 (0) 73 154 9857
Email: venue@thecanvasriversands.co.za