MASTER CLASSES SPONSORS
Mining University – Mining Business Sponsors
Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young expands its services and resources in accordance with clients’ needs throughout the CIS. 4,000 professionals work at 18 offices in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg, Kazan, Krasnodar, Togliatti, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, Yerevan, and Minsk.
For more information, please visit: www.ey.com
Kinross Gold Corporation
Kinross Gold is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Chile, Ecuador, Canada, Mauritania, Ghana and Russia. The Company’s strategic focus is to maximize net asset value and cash flow per share through a four-point plan built on delivering mine and financial performance; attracting and retaining the best people in the industry; achieving operating excellence through the Kinross Way; and delivering future value through profitable growth opportunities. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Nordgold (LSE: NORD) was established in 2007 as the gold producing division of OAO Severstal and has since developed into a leading, internationally diversified gold producer, with a strategic focus on emerging markets. On 19 January 2012 Nordgold was spun-off from Severstal and commenced trading as an independent public company via a listing of GDRs on the London Stock Exchange.
Nordgold has achieved rapid growth both organically and through acquisitions, increasing production from approximately 21 koz in 2007 to 754 koz in 2011, a CAGR of 145%. In 2011, the Company produced half of its output outside Russia, highlighting the Company’s increasingly global footprint.
Nordgold now boasts a diverse portfolio of high quality producing assets. The company’s portfolio consists of eight producing mines, two development projects, five advanced exploration projects and a broad portfolio of early exploration projects and licences. The Company’s operations are located in the Russian Federation, Kazakhstan, Guinea and Burkina Faso.
The Company has the gold reserves of 12.7 Moz and resource base of 29.5 Moz of gold.
Polymetal International Plc
Polymetal International is one of the world’s largest producers of primary silver and is one of Russia’s five largest gold mining companies. The Company’s production and exploration facilities are based in four regions of Russia – Magadan, Chukotka, Khabarovsk and Sverdlovsk – and in Kazakhstan.
Polymetal International carries out the full range of deposit development, from exploration to production. One of the key elements of the Company’s strategy is to set up large processing hubs and to position the operations around them in order to maximise staff and cost efficiencies, and to optimise return on investment.
In November 2011 Polymetal International completed its premium listing on the London Stock Exchange (Ticker: POLY). In December 2011 it became one of the first Russian companies to be included into the FTSE 100.
Polyus Group is the leading gold producer in Russia and the only Russian company among the world’s largest gold producers.
Headquartered in Moscow, Polyus Group’s operating mines and development exploration projects are located in 5 major gold mining regions of Russia – the Krasnoyarsk Territory, the Irkutsk, Magadan, Amur regions, the Republic of Sakha (Yakutia).
SRK Consulting is the world’s first one-stop consultancy offering specialist services to mining and exploration companies for the entire life cycle of a mining project from exploration through to mine closure. Among SRK Consulting’s approximately 1,500 clients are most of the world’s major and medium-sized mining houses, exploration companies, banks, petroleum companies, agribusiness companies, construction firms and government departments.
Formed in Johannesburg, South Africa in 1974, SRK now employs approximately over 1,000 professionals in 43 permanent offices on six continents. A broad range of internationally recognised associate consultants are also available world-wide to complement the core staff.
The SRK Group’s independence is ensured by the fact that it holds no equity in any project or company and that its ownership rests solely with its staff. This enables SRK to provide its clients with conflict-free and objective recommendations on crucial judgment issues.
SRK Consulting employs leading specialists in each field of science and engineering. Its seamless integration of services, and global base, has made the company the world’s leading practice in due diligence, feasibility studies and confidential internal reviews.
SRK Consulting offices in the countries in which it operates are staffed by international as well as local experts thus ensuring both technical and local context excellence.
TOMS company is rendering the whole range of services for deposits development from investing money up to its remuneration.
TOMS provides project management services in the form of Engineering, Procurement, and Construction Management (EPCM). It includes geological maintenance and geological prospecting works, conducting of audit in geological, mining and technological spheres, test works in minerals concentration, working out “technological reglaments” (Russian standard), project feasibility studies, engineering and construction of ore mines, tail facilities and accompanying infrastructure, concentrating plants and factories for recovery of all types of minerals, supply of process solutions and LSTK plants, supervision and consulting services.
TOMS takes all responsibility for the final result, that benefits investors and owners with a most efficient mineral deposit exploitation.
TOMS is a good combination of highly experienced specialists, modern innovative technologies and complex high quality solutions.
Wardell Armstrong International
WAI has provided the mineral industry with specialised geological, mining, processing and environmental expertise since 1987, initially as an independent company, but from 1999 as part of the Wardell Armstrong Group (WA). Our experience is worldwide and has concentrated on the metalliferous mining sector and coal.
Our parent company is a mining engineering/environmental consultancy that services the industrial minerals sector from nine regional offices in the UK and international offices in Russia and Kazakhstan. Total worldwide staff complement is now in excess of 300.
The Group provides a wide range of services for minerals-related projects. This ranges from preliminary exploration planning, through reserve estimation, mine design and financial appraisal, to bankable final feasibility study.
WAI has a strong client list, including companies and organisations from the private and public sectors, as well as many major lending institutions. In addition, WAI has been involved in many AIM and Full Board London stock exchange listings.
Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in Zabaikalye and the Republics of Khakassia and Tyva. The company has currently four assets, including two operating mines (Tardan and Solcocon) and two early stage exploration assets, one of which, Kara-Beldyr, is a joint venture with the major Canadian gold producer Centerra Gold. The group’s mineral licenses are estimated to contain almost 1,000,000 troy ounces of gold reserves according to the Russian standards (GKZ). Auriant Mining´s shares are trading on First North Premier at the NASDAQ OMX Nordic Exchange under the short name AUR.
Hatch is a global mine design, program management and construction management company that specializes in developing projects in remote locations and harsh conditions. Hatch is employee-owned, with 65 offices in every mining region. Hatch is best known for its metals-process expertise, process controls, award-winning safety programs, and quality project delivery.
Among Hatch’s recent mine development projects are Diavik Diamonds (Northwest Territories), Meadowbank Gold (Nunavut, northern Canada), Escondida (Atacama Desert, Chile), Rio Tinto’s QIT Madagascar Minerals (Madagascar; no roads, no water, no ports, few human resources, exotic ecology), Alumar Alumina expansion (Amazon, Brazil), Barrick Gold’s Pueblo Viejo (Dominican Republic; Hatch autoclaves), Koniambo Ferronickel (New Caledonia), and Nickel Rim South (North America’s most modern mine; safety award winner).
Hatch serves three principal market sectors: mining and metals, energy and infrastructure. Specialist services include program and project development in each sector. Energy programs include Bruce Power, one of the world’s largest nuclear generating station; dam construction; and hydro-electric generation optimization. Infrastructure programs include South Africa’s $12-billion Transnet upgrade of ports and rail; and the $25-billion BART urban rail expansion in California.
IMC Montan is an independent international mining consultancy and one of the leading consulting companies in mining sector of Russia. The Group also includes such companies as DMT GmbH & Co. (Germany), IMCGCL (UK), WYG Plc. (UK).
This year IMC Montan celebrated its 20-years anniversary in Russia and CIS. Since then the company implemented over 300 projects for Russian and international mining companies, investors and banks
IMC Montan is a recognized technical consultant and sector expert; its opinion is respected by analytical agencies, financial institutions and Russian state surveillance bodies.
The range of the Company consulting services covers all solid minerals, all types of deposits and full cycle of the mine life.
Disciplines covered by the Company services include reserve audit in compliance with international standards, preparation of mining companies for IPO, technical and technological consulting, feasibility studies, higher labour productivity or core business production build-up justification.
Norton Rose Group
Norton Rose Group is a leading international legal practice. We offer a full business law service to many of the world’s pre-eminent financial institutions and corporations from offices in Europe, Canada, Latin America, Australia, Asia Pacific, Africa, Central Asia and the Middle East. We have over 2,900 lawyers operating from 43 offices in 26 countries.
We reinforced our position as one of the top mining and energy legal practices in the world when Macleod Dixon joined Norton Rose Group on 1 January 2012. This is in addition to our other key strengths: financial institutions; transport; technology and innovation; and pharmaceuticals and life sciences. We now have offices in the most significant mining and natural resources markets in the world, including Kazakhstan, Venezuela and Colombia, and we have enhanced our resources in Canada and Russia.
We were the first UK law firm to establish an office in Moscow in 1991. We now have 40 experienced lawyers in Moscow, qualified to practice Russian, English, US and Greek law. This enables us to offer global transaction management capability.
PwC Russia (www.pwc.ru) provides industry-focused assurance, tax, legal and advisory services. Over 2,800 professionals working in PwC offices in Moscow, St Petersburg, Ekaterinburg, Kazan, Krasnodar, Novosibirsk, Yuzhno-Sakhalinsk and Vladikavkaz share their thinking, experience and solutions to develop fresh perspectives and practical advice for our clients.
“PwC” is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the PwC network, which includes over 169,000 employees in 158 countries. Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any other member firm.
Runge Limited (Runge) is a leader in the provision of technology products, consulting services, and training courses to the global mining industry, delivering solutions and services across a range of commodities.
With expertise across a range of mining disciplines, Runge’s approach to the business of mining is strongly grounded in economic principles and delivering sound mine planning solutions. Through these solutions, mining professionals gain access to technology and knowledge that allows them to optimise their business planning process. Runge provides expertise from corporate advisory and strategic planning through due diligence and related financial services to resource and reserves management.
Since 1977 Runge has been providing people and technologies from across our global offices. It has integrated processes which ensure consistency of quality deliverables for our customers around the world. For any given project Runge enlists the best combination of technology and people to suit the location, commodity, scope and specialist skill requirements.
The MBC Corporation is a managing company. It maintains control over the association of mining companies within industrial business structure of the METROPOL Group – one of the largest investment industrial groups of Russia. The MBC Corporation capital assets are located in the Republic of Buryatiya. The company holds mineral rights for Ozernoye (zinc, lead), Nazarovskoye (gold, zinc), Ermakovskoye (beryllium, fluorite), Talinskoe (brown coal), Bakchar iron ore occurrence and Kholodninskoye (zinc, lead) deposits. The Company assets accumulate 47 % of zinc, 24 % of lead and 80 % of beryllium of Russia’s total reserves containing more than 30Mt of zinc, about 5Mt of lead, about 7.5Kt of silver, 30t of gold and 5.7Kt of beryllium.
Pavlik Gold Ore Company JSC
Pavlik Gold Ore Company JSC holds a license for search, exploration and ore gold mining at Pavlik deposit, Tenkinsky District, Magadan Region of the Russian Federation. Within 2007 – 2011 a detailed exploration was performed at the deposit, the provisional exploratory standards were approved and the reserves, which amount to 100.2 tons of gold as of January 1, 2010, were calculated. The permanent exploratory standards and the report with the calculation of the reserves were presented (in August of 2012) to Rosnedra SRC for the approval. These standards took into account the further exploration performed in 2011-2012. It is supposed that the reserves shall amount to at least 200 tons of gold as of January 1, 2013. In 2012 the construction of ore-dressing facility was started, which will be completed in December, 2013. The annual output of the enterprise is 3 mln. tons of ore, average gold grade is 2,5 g/t, extraction is not less than 82%.
Clifford Chance, one of the world’s leading law firms, combines the highest global standards with specialised local expertise. Top lawyers with many different backgrounds and nationalities come together in one firm that offers an unrivalled depth of legal resources throughout the key markets in the Americas, Asia, Europe and the Middle East. With 20 years of experience of operating in Russia we provide unrivalled service in each area of interest in the commercial sector including corporate and M&A, finance & banking, capital markets, litigation & dispute resolution, real estate and tax, pensions & employment.
Globally the firm has over 3,400 legal advisors in 34 offices across 24 countries. Clifford Chance is ranked ‘tier one’ in the Chambers Global 2012 Directory in more cross-border tables than any other firm and is top tier in the Chambers Europe, IFLR1000 and Legal 500 rankings. In 2012 Clifford Chance has also won a number of awards at the IFLR Europe Awards 2012, including ‘Russian Law Firm of the Year’, ‘International Law Firm of the Year’ and Who’s Who Legal has named Clifford Chance ‘Russian Law Firm of the Year 2012′ for the fourth time.
ENGINEERING KOMPLEKT is the leading supplier of integrated solutions and services in engineering design, delivery and maintenance of high-tech equipment for mining, ore-dressing and iron and steel industry: WARMAN® pumping equipment, CAVEX® hydrocyclone units, SIGMA industrial pipelines, VULKO® mill liners.
We carry out general engineering: from development of a project tailored to your needs and delivery of reliable equipment for various processes to provision of a full range of services related to the design and integration of APCSs based on the most advanced technical and software products by the leading world manufacturers.
One of the most important lines of our activity is qualified service support of a project as well as contract supervision and training.
RJC Group – a consulting company doing its best in serving clients in exploration and mining industry in Russia and abroad. Since its foundation in 2001, the company has built a good track record in providing a broad scope of services from early prospecting to design and optimization of mining operations and processing circuits.
Our on-going and completed projects include those from early exploration to mining operations. Our commodity expertise covers precious metals and PGM, ferrous, base and minor metals, coal, uranium, and industrial minerals.
Exploration support is one of the intensively developing activities within the RJC Group. RJC Exploration’s Director Andrey Kharlashin, PhD, and his team are actively employing and introducing an efficient exploration support program on operations within the framework of their projects. The program includes development and application of the specially built computer based core logging AGR System that complies with QA/QC requirements and is approved by GKZ (State Committee on Reserves).
AGR System is a computer based core logging that covers all major structure and material criteria of ore distribution and unifies registration thereof.
AGR system is the basis to develop database, core log books, and drill hole logs. The System is easy and simple, and secured against nonsystematic errors.
Specialists of more than four mining companies, on whose deposits AGR System has been introduced and is intensively used, and also overseas auditors, have noted sufficient reduction in time required for cameral treatment, possibility to promptly adjust exploration drilling, and, as a result, reduction of the total cost of exploration.
IRGIREDMET provides R&D expertise, testwork and process optimization for precious and base metals and diamonds.
The activities range from initial investigations to process development and design, construction and commissioning of industrial mines and plants. Working closely with clients and in conjunction with engineering partners, Irgiredmet supplies a flexible package of technology for process development and optimization.
We offer a full range of sophisticated facilities for sample preparation and characterization, comminution, gravity, flotation, physical separation, smelting, leaching, purification and metals recovery, tails detoxification etc.
Our key customers are: Polyus Gold International Limited, GV Gold, Petropavlovsk PLC, Severstal, Uzhuralzoloto Group of Companies (UGC) JSC, Russdragmet, ALROSA Joint Stock Company, Navoi Mining and Metallurgical Combinat State Company, Group of companies “Amur”, Sovrudnik.
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. The Group had at the end of 2011 about 50 000 employees and representation in 130 countries, with annual sales of more than SEK 94,000 M.
Sandvik Mining is a business area within the Sandvik Group and a leading global supplier of machinery, cemented-carbide tools, service and technical solutions for the excavation and sizing of rock and minerals in the mining industry.
Within the area of the Region CIS Sandvik Mining division is responsible for sales of equipment service and aftermarket maintenance.
«Uralmekhanobr» was founded on the 8th of November 1929.
The main branches of activities: engineering of beneficating, mining, iron and steel, chemical plants; analytical control and study of material composition of minerals; science research for mining works, ore beneficiation of nonferrous, ferrous, less-common, precious metals and coal, nonmetallic materials; agglomeration and pelletizing, pyro and hydrometallurgy; utilization of technogenic products, basic engineering, and standardization.
The Institute has engineered 1350 projects for industrial purposes and production infrastructure, has carried out 10204 scientific research works. The technical informational depository of the Institute contains over 2 million units of issue.
JSC Urakmekhanobr comprises four high-technology scientific research centers: Beneficiation Centre, Analytical Centre, Mining Centre and Centre of Agglomeration, Sintering and Briquetting. The technical facilities of the scientific divisions include 130 plants and instruments of the whole technological cycle.
JSC Uralmekhanobr takes an active part in the development of mineral raw material base of plants of the Russian Federation, Kazakhstan, Uzbekistan, Armenia.
ARMZ Uranium Holding Co. (JSC Atomredmetzoloto) is one of the leaders in the world uranium mining industry. It is among top five uranium mining companies by uranium output and ranks second by reserves (726,500 tons as of January 1, 2011). ARMZ is the primary supplier of uranium feedstock to the Russian nuclear industry and in 2010 it produced 5173,4 tons of uranium at facilities in Russia and Kazakhstan.
JSC “Atomenergoprom” controls 79,98 % of Atomredmetzoloto’s shares.
ARMZ together with its affiliates and subsidiaries employs over 10,000 people.
Today, ARMZ Uranium Holding Co. is the successor to the world’s largest uranium production complex built by the Soviet Union. In 2008, all uranium mining companies in Russia, as well as a number of uranium joint ventures in the CIS and abroad, were brought together under ARMZ, after the restructuring of Russia’s nuclear industry had been completed. In 2010, JSC Atomredmetzoloto acquired 51.4% of shares of Uranium One, Inc., a public Canadian uranium mining company.
The Petropavlovsk group is seeking to build a natural resources champion in the Russian Far East with an exceptional portfolio of assets using its wealth of knowledge, experience and expertise.
Petropavlovsk PLC is listed on the Main Market of the London Stock Exchange and with a market capitalisation of c. £2.2 billion.
The Group’s consistent and focused strategy since inception in 1994 has been based around developing low-cost mining assets, progressing from greenfield sites to producing operations, utilising its experienced management team and innovative in-house capabilities.
The Group’s major iron-ore and gold operations are located in the mineral-rich Amur Region and Jewish Autonomous Region (known as the “EAO”) in the Russian Far East, close to the Chinese border. The Group is also active in a number of other regions across Russia.
Total attributable gold production for 2009 was 486,800oz. The Group’s 2009 total cash costs of US$309/oz position it as one of the lowest-cost gold producers in the world.
ОАО Severstal is one of the world’s largest vertically integrated steel and mining companies. With assets in Russia and other CIS, USA, Europe and Africa, Severstal reported revenue of $13,573 million and EBITDA of $3,263 million in 2010. Severstal’s crude steel production in 2010 reached 14,7 mln tonnes. The company sold 16,5 mln tonnes of finished steel, 13,8 mln tonnes of iron ore and 11,7 mln tonnes of coal. Severstal also produced 589 koz of gold at its gold mining assets in West Africa, Kazakhstan and Russia. The company is listed on RTS and MICEX, the company’s GDRs are traded on LSE.
MICROMINE is a leader on Russian market in developing and selling software solutions for exploration and mining industries including the entire production circle. Micromine holds a leading position in Russia as a modular solution of full cycle that allows explorative and mining companies substantially increase productivity. The Geobank system creates a flexible and efficient environment for collection, verification and storage data. Field Marshal module facilitates the work of specialists in the field conditions. The Pitram system enables to Increase production, reduce costs, and improve safety of production. MICROMINE is a consulting arm, Micromine Consulting Services delivers competent person reports compliant with international and local reporting standards. MICROMINE provides you with local support and services in your language and your time zone.
American Appraisal is the largest international independent valuation company. American Appraisal Associates operate more than 55 offices in 48 countries of the world. AAR provides valuation opinion and advisory services to the clients in various industries including Metals and Mining, Oil and Gas and Utilities.
Among our clients are major Russian Metals and Mining companies.
Urangeo is the largest geological research enterprise able to undertake missions associated with the reconnaissance survey and prognosis evaluation of the territories, areas and plots of any scale for any solid commercial minerals with the following geological exploration and approbation in the State Reserves Commission of deposits located in any climatic zones of the Russian Federation or worldwide.