IMARC: Stagnating global production to drive gold outlook

INDUSTRY experts predict stagnating global gold production will have the biggest impact on the future price of gold, the International Mining and Resources Conference (IMARC) heard today.

Goldcorp Chairman Ian Telfer said after enjoying decades of growth, global gold production had peaked and was starting to decline.

“The amount of gold produced globally has continually gone up for about 40 years, but that’s started to flatten out and even go down,” he said.

“That’s going to have a bigger impact on gold prices than people think. Once the world starts to see that we have passed peak gold production and the volume of production goes down for the next 10 years, that will have a big impact.”

Mr Telfer said there had been no “secret sauce” to Goldcorp’s success, but the company had benefited from being able to buy assets during market slumps.

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TODAY's EVENT

Global trends impacting trade and investment opportunities exposed at IMARC

Changing economies, technology demands and consumer trends are forging a new breed of resilient miners that forever has an eye on operational excellence, managing risks and delivering returns to investors, the International Mining and Resources Conference (IMARC) will hear today.

The International Mining and Resources Conference runs until tomorrow, Thursday 10 November, at the Melbourne Convention and Exhibition Centre.

The four-day event is covering all aspects of mining, from exploration, investment and production through to optimisation, technology, health and safety, policy and governance.  More than 2,500 delegates from more than 55 countries are in attendance to learn from more than 160 international experts.

IMARC also includes Australia’s leading mining investment forum, Mines and Money Australia, which connects miners with money and investors with opportunity.

IMARC Event Director Anita Richards said today activities would include the second day of the Exhibition alongside the conference which will focus on Technology, Investment and policy and framework within the International Mining Summit.

The day will conclude with the industry’s night of nights, the sold out IMARC Gala Dinner with the headline address from Mike Henry, President Operations, Minerals Australia at BHP Billiton.

“The challenges and opportunities of recent years has created a new normal for mining companies, forcing them to become more resilient to market conditions by optimising their operations,” she said.

“Today, IMARC looks at the global trends impacting trade and investment, how improved data and system interconnectivity is creating the digital enterprise of tomorrow, and how miners are looking to de-risk their projects.”

The IMARC Exhibition is free to attend and will showcase the industry’s latest innovations, technology and services.  The Exhibition includes Innovation Alley, which highlights new products and technologies, and The Mining Hub, which gives investors the opportunity to meet junior minors.

Highlights at IMARC 2016 on Wednesday 9 November 2016 include:

Time	Speaker	Topic
09:00	Ian Telfer, Chairman, Goldcorp	Is mining really a business?
09:40	David Moult, CEO & MD, Centennial Coal; Ian Telfer, Chairman, Goldcorp; Michael Nossal, Chief Development Officer, Newcrest; Frank Holmes, CEO & CIO, US Global Investors	Panel Discussion: The current state of challenges and opportunities of operating in developed vs developing economies
10:40	Andrew Cole, CEO, Oz Minerals	A modern mining company
11:30	Mitch Hooke, Chairman, Partners in Performance	Advances and best practices in policy leadership and advocacy
11:35	Andrew Scott, Senior Director, Mining Information Technology, Barrick Gold	If Only Mining Companies Knew what Mining Companies Knew – Sharing Data Insights and Actions around the World
11:30	Bert Koth, Managing Director, Denham Capital	Private Equity in Mining – how it really works
11:50	Bert Koth, Managing Director, Denham Capital;  Jason Chang, MD & CEO, EMR Capital;  Andrew Cole, CEO, Oz Minerals	Panel Discussion: De-risking your project
12:10	Alan Oxley, Managing Director, ITS Global	The implications and advantages of foreign investment agreements.
12:20	Dirk Baas, Senior Advisor – Process Control, PanAust	Effective Communication From Pit to Port to Improve the Effectiveness of the Operation
12:30	John Tivey, Global Head of Mining & Metals, White & Case	How to attract investment to your region and what not to do given the reality of resources nationalism
14:00	Jeff Foster, General Manager, S2 Resources	The state of the industry: and why isn’t anyone investing in the future?
14:20	Richard Morrow, Partner, Baillieu Holst; Peter Wright, Portfolio Manager, Bizzell Capital;  Rob Murdoch, Partner, Austex Mining	Which juniors to back and why?
14:40	Gerard Rheinberger, Exploration Director – Project Generation Group, Rio Tinto	How can minerals exploration benefit from collaboration?
15:00	Richard Schodde, MD, MinEx Consulting	The strategic benefits to governments from supporting exploration
16:00	Melanie Stutsel, GM Social Development and Policy, MMG	Managing social risk: getting more out of social investment
16:20	Dr Vanessa Guthrie, Chair, Minerals Council of Australia	Identifying themes and trends in reputational and operational risk
16:50	Mick Wilkes, President & CEO, OceanaGold	Achieving better health and environment outcomes for mining communities
17:10	Pernilla Lirell, Manager Mine Planning and Production Technology, Boliden	Driving production scheduling to optimise mining operations from the top down and bottom up
19.30	Mike Henry, President Operations, Minerals Australia, BHP Billiton	Headline speaker at IMARC Gala Dinner

 

Please see release and full agenda attached for today’s key speakers and events

 

Follow #IMARC2016 on social media for live updates

ENDS