6 - 7 November 2019
The Westin, Lima

2019 Agenda

6th November 2019

General

09:00
KEYNOTE: Making sense of today’s world: How are metals prices being impacted by a combination of global growth and macro volatility?
  • What impact has been felt by the Trade Wars? Is resolve in sight?
  • Where will interest rates go in 2020? What are the implications for commodity prices?
  • How accurate is the assessment that the world economy will continue to grow, given ongoing political and macro challenges?
Speakers
09:20
Mapping the mining landscape in 2019-2020: What shifts can be expected and where does the sector sit in the global economy?
  • What has been the overall impact of the Trade War been on the sector? How long can we expect to see its delayed effects for?
  • What are the implications of the last year of industry titans M&A? What are the priorities of newly merged companies?
  • What are larger companies looking for across Latin America? Where do they see value? How pressing is the need to replace reserves?
  • How are stakeholders responding to the recent tailing dam collapses?
  • How does the appeal of mining in Latin American compare with other geographies?
  • Where are prices currently at? What are global inventories on base, precious and battery materials? What future changes in consumption will impact demand, and when?
Speakers
10:05
Fireside Chat – Pricing copper in 2020 and beyond: How is the industry anticipating inventory and need?
  • Where do supply and demand currently sit? What projects are coming online in the next 12-36 months in Latin America and elsewhere? Will this be enough to fill current shortages?
  • To what degree has pricing responded to this? Have we seen a release of demand?
  • What will be the primary drivers of demand in the short and long term?
  • What is the assessment from producers? How much capex are they directing into copper exploration/expansion in the next two years?
Speakers
10:30
Presentation: Precious Metals Outlook and Review
  • The link between commodity prices and the financial markets (bonds, equities, FX)
  • What is next for gold prices? Where role do interest rates and the USD fit into amongst increased gold purchasing from Russia & China?
  • Where are we in the current cycle? Is the up cycle finally here?
  • Should hope be held for silver prices? What is supply, investment demand and industrial use?
10:50
Coffee & Networking
11:10
Following through on the hype: Battery metals in Latin America
  • Where do global deposits currently stand? What is Latin America’s share of this currently, and which way will production shift geographically?
  • From developing value-added activities to managing resource booms – what strategies are countries developing?
  • What technical developments will impact the demand and supply for cobalt, lithium and nickel, and how?
  • Where have the latest strikes been? What majors are acquiring stakes in the battery metals, and where?
  • What positions have different investors taken? How have the bulls performed, and what is future appetite?
Speakers
11:55
What financing needs does the 2019-2020 wave of mergers & acquisitions present? How can these needs be best met?
  • What are the implications for 2019’s M&A for the region?
  • Will there be follow through on the global mega-mergers at the local mid-market and junior levels?
  • Following the re-evaluation of non-core assets, what are the opportunities and for whom? What is the appetite for this sell-off?
  • How can transactions be structured to ensure returns to shareholders/avoid shareholder dilution?
  • What are the financial implications of the recent tailing dam collapses?
  • How have joint ventures allowed companies to overcome shareholder concerns over acquisitions?
  • What have junior miners done to successfully attract buyers for their assets in Latin America?
  • What are bankers advising clients on both sides?
Speakers
12:45
Understanding where value is found: what are investors looking for in Latin American mining projects in 2019-2020?
  • What determines value when listing on stock exchanges?
  • How do priorities (reserve life, ESG etc) differ between different types of investors? Which criteria should miners address to unlock different pools of liquidity?
  • Off the fence: Which institutional investors are leading and will others follow or continue waiting on an increase in commodity prices?
  • What is the current view from life and pension funds? How has their involvement in the sector development in last 12 months?
  • How can you identify and attract high new worth/family offices in South America to your project?
Speakers
13:30
Networking Lunch
15:30
Coffee and networking
15:50
What’s a junior to do? Where are the financing opportunities in a dry market and how can equity investor appetite be rebuilt?
  • What is the role of the junior explorer in the global/Latin American context?
  • What should juniors target as a means to generate wealth for its investors?
  • Securing financing without being listed: What are the alternatives to the equity market for a junior?
  • How do juniors assess private placements and streaming/royalties? Where are the success stories? What are the challenges, and how are they overcome?
  • What is needed to re-open the equity market? How can juniors make the most appealing case to investors?
  • o What has been the impact of cannabis and other competitor industries? How much capital has been redirected to these new sectors? To what degree are these ‘flavours of the day’, or with long-term impact?
  • o What are current investors’ concerns over investing in the junior mining sector? How can they be overcome best? Does the arrival of the millennial investor necessitate a new approach?
  • o Consolidation in the junior space: How does over-saturation of the market inhibits investment, and when can a correction be achieved?
Speakers
16:35
Funding Latin America’s mining projects: Corporate finance vs. project finance
  • What is the pipeline across Latin America for large projects? Where are they located?
  • New financing structures offered by lenders and investors – what is appealing to CFO’s?
  • Will corporates look to use a combination of project financing with capital markets? What scenario would this make sense in?
  • What are mining companies in Latin America wary of when it comes to making investment decisions?
  • Developing infrastructure around mines: How does this offer access to new types of financiers?
Speakers
17:20
What is the role for ECAS & IFIs in the mining sector, and how do they relate to conventional partners and streaming/royalty companies?
  • How has participation of ECAs & IFIs changed in mining finance changed in the last two years? What is the financial and political context of this shift?
  • Who are the key and emerging players? Who are they financing? What are their mandates?
  • Where is this involvement heading in the next 6-12 months?
  • What are the benefits and challenges of working with these ECAs/IFIs compared to other FIs?
  • How do such partners help to de-risk projects? What are the successful case studies?
  • How does the role of these institutions relate to other funding partners, including alternative sources of financing? What does the optimum configuration of these groups look like in project financing?
  • What is the view of private equity and streaming/royalty companies on this trend?
Moderator
18:05
Chairperson’s closing remarks followed by cocktail reception hosted by BNP Paribas

Roadshow

14:30
The Miner Roadshow: Showcase what makes your company and assets a worthwhile investment to the audience

Every year at the Mining & Investment Latin America Summit, Miners with projects across Latin America present to a room full of investors and bankers.

Each presenter is given 8 minutes to identify what makes their asset unique and what level of investment or funding they are looking for.


After each round, our panel of select judges from the investment community will deliver live feedback on what they liked and what they would have wanted to hear more about. Investors want to see:

  • Valuation arguments
  • Differentiation from competitors
  • Technical information or potential of resources
  • Management Story, expertise and track record in country
  • Community relationships
  • The overall goal

16 slides 30 seconds each


If you are looking to take your project to the next stage, the Miner Roadshow is the perfect opportunity to identify new potential investors and partners.

Speakers

Round Table

07:30
Comparing notes at the Majors Breakfast Roundtable: How have producers achieved profitability in 2019, and what are their key strategies for 2020?
  • How are cash-rich majors taking advantage of current financing positions to achieve their objectives?
  • What acquisitions are majors on the lookout for? What are the criteria and market conditions required?
  • What technological innovations are majors looking to implement in the next five years, and beyond?
  • How are majors responding to the recent tailing dam collapses?
  • How do different experiences of permitting and local community relations contrast? What are the best practices, and how can they be replicated? What is needed from governments?
  • What is the pipeline beyond 2021? When will majors pull the trigger on expansions and greenfield projects? What financing tools will be used?

7th November 2019

General

08:00
Registration and coffee
08:50
Chairperson’s opening remarks
09:00
Case study: Moving from successful financial closure to implementation
  • What were the funding needs of the project? How was it financed and what instruments were used? Who are the providers?
  • How did the company navigate the permitting challenges?
  • What are the challenges of execution, and how are they being navigated? Who are the partners? What steps have been taken to reduce changes of social conflict with the local community?
09:20
What is next for the Peruvian mining industry?
  • What conditions allowed the successful financing of Mina Justa, Quellaveco, and Toromocho?
  • How will the Government look to support junior miners and exploration projects?
  • What developments in permitting can be expected in 2020?
  • What role do tax stability agreements play and what change can be expected in the next year?
  • How can meaningful relations with local communities be promoted?
  • Bringing into the fold: What is the best pathway to formalization of artisan mining and eradication of illegal operations?
Speakers
10:05
Chile’s mining sector: Improving access to local capital and bringing projects online
  • Beyond the public markets: who is private funding more appropriate for? How can untapped pools be unlocked by the mining sector in Chile?
  • What is the root of concerns over water pollution in the country? How can these be addressed, and by who?
  • What are the drivers, and impact, of a potential shift from open pit to underground mining?
  • How will the Chilean government support the sector and promote investment?
10:50
Coffee and networking
11:20
Ecuador: capitalising on current interest while avoiding growing pains
  • What is the geological potential of Ecuador; where are the “hot spots”?
  • How is the government supporting the mining sector and nurturing outside interest? Where is the Government looking to attract capital from the international community?
  • Will there be follow through from Fruta Del Norte by other projects?
  • What is being done to develop the exploration industry in Ecuador?
Speakers
12:05
Navigating political and macroeconomic challenges to deliver growth in Argentina’s mining industry
  • A review of the first round of elections: Who is poised to win? Where the implications for Argentina’s economy and its mining sector?
  • To what degree does the provincial nature of the mining sector reduce the impact of the elections? How have attempts to federalise the sector progressed?
  • Where does Argentina’s mining sector sit in the macroeconomic context? What are the implications of exchange rates and taxes?
  • How has the government promoted transparency in the sector?
Speakers
12:50
Networking Lunch
13:50
From cost to investment to profit: what does successful CSR strategy look like in 2019?
  • Showcasing benefits beyond compensation: actualizing and presenting mining’s potential to bring long-lasting positive change for communities.
  • How can meaningful relations be built with local stakeholders?
  • Building alliances and finding creative solutions: How can all parties benefit?
  • What does successful government moderation/intervention look like?
  • Recognising and replicating best practices: what are the success stories and what defined them?
  • What framework has been established at the global and local levels? How successful has implementation been in avoiding or reducing conflict?
Speakers
16:00
Chairman’s closing remarks and close of conference

Round Table

07:30
Minister’s Roundtable: A closed discussion on government initiatives to support mining and encouraging investment in Latin America
  • What role do Ministries of Mining & Energy play in overcoming challenges and seizing opportunities in the sector? How do these vary between countries?
  • How are governments successfully mediating relations between miners and local communities?
  • What strategies are being used to eliminate illegal mining and bring artisan projects into the fold?
  • What pools of liquidity are Ministries looking to tap? How are ministries promoting the countries to international investors?
  • How is the permitting process being revised across Latin America?
14:35
Roundtable 1: From adversary to collaborator – how miners can work with NGOs/Civil Society to deliver benefits to local communities and reduce social conflicts
  • Opening dialogue with civil society – identifying the relevant parties, their concerns and the best forums for discussion
  • The opportunities to advocate together at the various government levels for governmental presence (infrastructure, roads, schools, etc.)
  • What are the different assets miners and NGOs bring to the table? Where are the opportunities to combine these, and how can such potential be realised?
14:35
Roundtable 2: How was it done? A case study of successful conflict resolution/community engagement
  • Laying the foundations: How were stakeholders and local partners first identified and approached?
  • What potential causes of conflict were recognised, and how? What response was formed to remedy these concerns?
  • How did discussions develop into a comprehensive strategy?
  • How were common stumbling blocks avoided?

What plan has been put in place to ensure long-lasting benefits?

Speakers
14:35
Roundtable 3: Addressing risk head-on: how are miners adjusting practices in the wake of recent disasters?
  • What has been the impact of the recent tailing dams collapse? What steps can be taken to restore confidence and move past the event?
  • Where can risks be identified now? What needs to be done to address such issues?
  • Where have best practices been applied, in Latin America and elsewhere? What are the lessons to be learnt?
Speakers
  • John Price, Managing Director, Americas Market Intelligence

14:35
Roundtable 4: Building meaningful local community relations, and dealing with concerns before they become conflicts
  • How should discussions with local communities be moderated in areas where state presence is reduced?
  • From one-size-fits-all to best fit: How do grievances and priorities differ between communities? How are they best addressed?
  • What benefits can be brought to local communities by projects? How should they be showcased? How can long-term return be ensured?
  • How can expectations be reasonably set and managed?
  • How do you bring in community stakeholders that are non-residents but are connected to the local people?