African Mining Forum
Focused forums for investors and producers
London, 7 May 2009

London Chamber of Commerce and Industry, 33 Queen Street, City of London, EC4R 1AP

Visitor attendance is free - Register today.

Thanks to its particular geological makeup, Africa is blessed with a cornucopia of mineral resources, from gold, diamonds, platinum and PGM minerals and silver to copper, cobalt, manganese, chromium, nickel, bauxite and uranium. However, despite the well-developed mining scene in South Africa, much of the rest of the continent suffers from a chronic lack of access to capital. The African Mining Forum is the perfect platform to change all that. Junior mining companies from throughout the continent will be in London - the world's financial centre - to showcase their projects to the companies that have access to the capital - banks, institutional investors and others. Come and network with the people at the heart of things!

Programme

To discuss the possibility of sponsoring a presentation at the event, please call the event director, Peter Jacobs, on +44 1372 840954,

or email him at peter dot jacobs at propubs dot com

African Forum 2008

Download African mining article from Global Capital Magazine (April 2008)

“Short and effective,” Jayshree Rathi, director of the Chillerton Group UK

“Meet the delegates was ideal to identify participants of interest,” Gary Potter, sales & marketing manager, Inspectorate International Ltd.

“Good idea to invite delegates to say something about themselves,” Gerald Cheyne, UK representative of Kalimantan Gold.

Presentations and movies

Summary

Global Capital’s African Mining Forum 2008 was very well attended, with approximately 100 delegates present for the opening session held by Mark Tyler, head of mining and resources for Nedbank. The turnout was a mixture of investors, service providers, media and mining companies. All enjoyed the registration coffee break to unwind from London’s infamous transport system before proceedings started.

Mary Tyler gave an overview of Nedbank; highlighting the bank’s vision going forward and the services it provides clients. He said the bank was focusing on junior to mid-cap mining and exploration companies with a presence in Africa but was also looking to expand its international presence.

Following Mr Tyler was a terrific presentation from Gennen McDowall, president and chief executive of Xemplar Energy Corp. Mr McDowall took delegates on a journey through Xemplar’s uranium assets in Namibia: specifically the Engo Valley, Cape Cross, Aus/Garub and Warmbad projects. The latter is certainly Xemplar’s priority in the near term with nine drill rigs in operation by May 2008. Mr McDowall also gave an overview of the nuclear power sector, predicting that uranium demand should soar as countries turn to nuclear power to stave off climate change.

Mark Parker, managing director of African Eagle Resources plc, took the audience through the company’s copper and gold projects in Tanzania, Zambia and Mozambique. African Eagle’s flagship project, Mkushi, should have its definitive feasibility study complete by November 2008, Mr Parker said, indicating that the project should have a mine life of six years and produce 208Mlb of copper. Other projects highlighted were the Mokambo and Ndola copper projects and Eagle Eye IOCG project in Zambia and the Miyabi gold project in Tanzania.

Tim Read, chairman of Kopane Diamond Development plc followed. Mr Read described his Liqhobong assets in Lesotho and the work in progress to optimise the processing plant. Taken together with the development of the main kimberlite pipe and production from the satellite pipe -- which is providing cash flow -- Mr Read said the company aimed to push output up to 1Mct/y.

Ending the early morning proceedings was a ‘meet the delegates’ session, which gave the audience a chance to stand up and introduce themselves to everyone, as well as state which delegates they wished to meet. This innovation was big success and was a perfect way to break the ice before the imminent coffee break.

Following coffee, Len Lindstrom, president and chief executive of Liberty International Mineral Corp wowed delegates with his plethora of projects in Liberia and British Columbia, Canada. Mr Lindstrom had over 240 PowerPoint slides to work through because of the enormity of his portfolio, which left many in the audience either wanting for more or shaking their heads in disbelief.

Anthony Butler, chairman and chief executive of Consolidated Africa Mining plc, touched upon the issues experienced at the company’s Cameron projects, namely poor infrastructure, flooding delays etc. However, he was positive on the potential of the company’s rutile project in the Nyabe River flood plain but required financing to progress it.

John Teeling, chairman of African Diamonds plc, gave a fantastic presentation on the company’s advanced AK6 diamond project in Botswana, which is a joint venture with De Beers. He touched upon the rarity of economical kimberlite pipes and how discoveries going forward would become ever more difficult. He also projected that of the 17 operational hard rock diamond mines currently producing, only 12 are expected to last by 2012. Other assets highlighted were the promising AK8 diamond project near AK6 and exploration projects BK3, BK6, BK7 and AK9.

Mark Bristow, chief executive of Randgold Resources Ltd closed the forum with a resounding talk on the changing mining landscape and shifting patterns of exploration from traditional regions to new regions. Mr Bristow suggested that Africa held some 30% of the planet’s mineral resources but issues remain so they can be exploited in a sensible and responsible way. Interestingly, he presented a study that showed that when taking all areas into consideration for an operation, the government of any given African nation ended up claiming about 48% of returns and the mining company the balance. This, he said, put as much emphasis on governments to reinvest the wealth garnered from operations to the benefit of the general population as it did for the mining companies themselves after fulfilling commitments to shareholders, etc.

Principal sponsor (African Mining Forum 2008)

Sponsors:

African Eagle Resources plc

Programme (African Mining Forum 2008)

To discuss the possibility of sponsoring a presentation at the event, please call the event director, Peter Jacobs, on +44 1372 840954,

or email him at peter dot jacobs at propubs dot com

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