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Commodities

FT Commodities Mining Summit

A New Narrative for Mining

London |  - 
Speakers include:
Mark Cutifani

Mark Cutifani

Anglo American

Ivan Glasenberg

Ivan Glasenberg

Glencore

Mike Henry

Mike Henry

BHP

Overview

FT Commodities Mining Summit, originally scheduled for 15 -16 June in London, has been postponed. We will be announcing the new date in due course. 

Mining finds itself at a crossroads. As the shift to cleaner forms of energy accelerates, the industry will play a key part in providing the metals and minerals that will drive the mass adoption of electric vehicles and the growth of renewable power. But in a rapidly changing world, where consumers are more demanding and investors are weighing social, environmental and governance metrics when they decide what to buy and sell, the industry, including precious metal producers will also have to tell its story better. That means changing perceptions on vital issues such as climate change and safety while articulating clearly the role mining plays in supporting and sustaining economic growth. To seize this opportunity the sector will have to embrace technology, reskill its workforce and persuade policy makers that the physical activities of mining can be done differently. Delivering value to all of these stakeholders will not be easy but a return to the practices of the past is not an option.

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fallback Add to my Calendar 06/15/2020 19:00:0006/16/2020 20:00:00trueFT Commodities Mining SummitFT Commodities Mining Summit, originally scheduled for 15 -16 June in London, has been postponed. We will be announcing the new date in due course. Mining finds itself at a crossroads. As the shift to cleaner forms of energy accelerates, the industry will play a key part in providing the metals and minerals that will drive the mass adoption of electric vehicles and the growth of renewable power. But in a rapidly changing world, where consumers are more demanding and investors are weighing social, environmental and governance metrics when they decide what to buy and sell, the industry, including precious metal producers will also have to tell its story better. That means changing perceptions on vital issues such as climate change and safety while articulating clearly the role mining plays in supporting and sustaining economic growth. To seize this opportunity the sector will have to embrace technology, reskill its workforce and persuade policy makers that the physical activities of mining can be done differently. Delivering value to all of these stakeholders will not be easy but a return to the practices of the past is not an option.FT-Commodities-Mining-Summita4460a8572a2a7b0b49f008ee7d2eb83MM/DD/YYYY

Agenda - 15th Jun

  • 7:00pm
    Welcome Drinks Reception

Agenda - 16th Jun

  • 8:00am
    Registration & Networking Breakfast

    Break out session - Financing the next generation of projects
    The growth of passive investing presents a big challenge to mid cap and junior miners, which have traditionally relied on equity markets to fund their projects? Debt markets, private equity, and royalty companies all offer potential sources of funding but they are not for everyone. In this panel we will hear from alternative providers of capital and ask them how they approach investing in the mining sector.

  • 8:55am
    Opening Remarks

    Neil Hume, Natural Resources Editor, Financial Times

  • 9:00am
    Keynote Address and Conversation
  • 9:30am
    Leaders’ Debate: A new narrative for mining

    Despite the significant contribution of mining to the world’s economy the industry’s reputation remains tarnished in many countries due to perceptions that it contributes to environmental damage and negatively impacts local communities. We ask some of the biggest names in mining how can the industry change perceptions and more clearly articulate the role its plays in supporting and sustaining economic growth in some of the poorest parts of the world.

  • 10:30am
    Networking Break
  • 11:00am
    Access to Resources

    What are the geological, geopolitical and local challenges issues facing the mining industry as it looks to develop the next generation of projects? And how does the industry balance the short term demands of shareholders with the need to invest in new projects and replace depleting resources? A group of leading executives debate the best way to progress and develop new projects.

  • 11:45am
    Meet the Ministers

    In many jurisdictions there are considerable obstacles to investment ranging from high royalty rates, permitting challenges to uncertain tax rules and growing requirements for local beneficiation. Ministers from resource rich countries explain their approach to regulation and tell us how the industry can better manage its relationships with policymakers, regional governments and local communities.

  • 12:30pm
    Lex Debate: Long or Short Mining?

    Judged by traditional metrics, things are looking good for the world’s top miners. They have churned out cash, paid down debt, and lifted returns to shareholders. Yet investors seem unimpressed, at least judging by valuations. What accounts for this discrepancy?  Is the under-performance connected to ESG concerns, or are big money managers finding more interesting opportunities elsewhere in the natural resources universe? We ask leading investors and analysts for the answer. 

  • 1:00pm
    Lunch
  • 2:15pm
    A View from the Top
  • 2:45pm
    Technology: Mining 2.0

    Compared with many other sectors, the level of technological maturity in mining is still relatively low. But is that starting to change with a much sharper focus on innovation. In this panel we will ask how the industry can think differently about the physical processes of mining, using technology to produce raw materials in a manner that is sustainable and socially acceptable. We will also examine the challenges posed by automation, particularly in developing countries where mining is a crucial source of employment. There will also be a focus on how the industry can re-skill workers and attract a new generation of digital savvy employees.

  • 3:30pm
    Mining, the Environment and Society

    Can the mining industry really go green and what part will it play in the shift to cleaner forms of energy? These are just some of the key environmental questions facing the industry, which also has to grapple with customer demands for responsible sourcing and traceability. The shift to a more sustainable economy will also have a profound impact on the way commodities are used and force the industry to adopt a more circular approach to business, especially when it comes to dealing with water and waste.

  • 4:15pm
    Break
  • 4:45pm
    Safety and Governance in the Wake of Brumadinho

    Last year’s deadly dam burst in Brazil has left a dark cloud over the sector. But how should the mining industry prevent another tailings disaster and promote best practice? Is a global standard really the answer and how can it be enforced? This panel will also examine the wider safety record of the sector over the past 18 months, broader governance issues and ask what can be done to address the problem of artisanal mining.

  • 5:30pm
    Rating the Raters

    Environmental, social, and governance rating agencies are emerging as important actors in financial markets as investors seek broader measures of corporate performance in order to respond to global challenges such as climate change, responsible sourcing and human rights. But who are these new players and what criteria are they using to deliver their assessments?. We speak to some of the leading players in this fast-growing market.

  • 6:00pm
    End of Summit

Speakers (10)

Mark Cutifani

Mark Cutifani

Chief Executive
Anglo American

Mark Cutifani (61) has been Chief Executive of Anglo American since April 2013. He is a member of the Board and Group Management Committee (GMC), is a non-executive director of Anglo American Platinum, chairman of Anglo American South Africa (AASA) and chairman of De Beers. He was appointed as an independent director of Total S.A. on 26 May 2017 and The Power of Nutrition on 12 February 2018.

Having begun his career in 1976 as a trainee engineer in the Australian coal mines, Mark has since worked across six continents, 25 countries and with more than 20 commodities. 

He has built a reputation based on his broad industry, technical and commercial knowledge, and is recognised as an industry innovator with a track record of building high performance teams and delivering improvements across all facets of the business. 

Mark was previously CEO of AngloGold Ashanti Limited, a position he held from 2007-2013. Before joining AngloGold Ashanti, Mark was COO at Vale Inco where he was responsible for Vale’s global nickel business. Prior to this he held senior executive positions with the Normandy Group, Sons of Gwalia, Western Mining Corporation, Kalgoorlie Consolidated Gold Mines and CRA (Rio Tinto).

With a leadership style that puts its focus on people development, accountability and the delivery of sustainable value, Mark has placed an emphasis on developing strong shareholder, employee and stakeholder relationships.

Mark graduated from Wollongong University, New South Wales, with a BSc in Engineering and holds two honorary doctorates awarded by Wollongong and the Laurentian University in Canada.

Ivan Glasenberg

Ivan Glasenberg

Chief Executive Officer
Glencore

Ivan Glasenberg joined Glencore in April 1984 and has been Chief Executive Officer since January 2002.

Mr Glasenberg initially spent three years working in the coal commodity department in South Africa as a marketer, before spending two years in Australia as head of the Asian coal commodity division. Between 1988 and 1989, he was based in Hong Kong as head of Glencore’s Hong Kong and Beijing offices, as well as head of coal marketing in Asia, where his responsibilities included overseeing the Asian coal marketing business of Glencore and managing the administrative functions of the Hong Kong and Beijing offices.

In January 1990, he was made responsible for the worldwide coal business of Glencore for both marketing and industrial assets, and remained in this role until he became Chief Executive Officer in January 2002.

Mr Glasenberg is a Chartered Accountant of South Africa and holds a Bachelor of Accountancy from the University of Witwatersrand. Mr Glasenberg also holds an MBA from the University of Southern California. Before joining Glencore, Mr Glasenberg worked for five years at Levitt Kirson Chartered Accountants in South Africa.

Mike Henry

Mike Henry

Chief Executive Officer
BHP

Mike Henry was appointed Chief Executive Officer of BHP on January 1, 2020. He has over 30 years’ experience in the resources industry, including in Australia, Asia, North America, and Europe.

Prior to being appointed CEO, Mike led BHP’s Minerals business in Australia. He has been with BHP since 2003 and has held leadership roles spanning operational, commercial, and technical. He was President Coal from 2015-2016 and President HSE, Marketing and Technology from 2013-2014.

Mike has been a member of the Executive Leadership Team since 2011. Prior to joining BHP, Mike worked in the resources industry in Canada, Japan and Australia.

He was born in Canada, holds a Bachelor of Science (Chemistry) from the University of British Columbia and lives in Melbourne with his wife of 30 years. He and his wife have two adult daughters who live in Canada.

Jean-Sébastien Jacques

Jean-Sébastien Jacques

Chief Executive Officer
Rio Tinto

Jean-Sébastien Jacques was appointed Rio Tinto chief executive in July 2016. He is also a director on the Rio Tinto board.

Mr Jacques was born in France in 1971. He joined Rio Tinto in October 2011 as the president, International Operations for the Copper group, where he led a senior team and managed interests in the Palabora Mining Company in South Africa, Northparkes Mines in Australia, Kennecott Eagle Minerals in Michigan, Pebble Mine in Alaska and Sulawesi in Indonesia.

Mr Jacques was appointed to Rio Tinto’s Executive Committee in February 2013 when he was made chief executive of the Copper group. In February 2015 he also assumed responsibility for the company’s coal assets in his expanded role as chief executive of Copper & Coal, leading a business with nine international operations and two growth projects. Mr Jacques led the transformation of the Copper & Coal group, delivering a step- change in both safety and cash performance whilst re-shaping the portfolio to focus on a core of the highest quality assets. He also had responsibility for two growth projects, Oyu Tolgoi in Mongolia and Resolution in the USA, both of which saw significant progress during his tenure in that role.

Some of the key achievements under Mr Jacques’ leadership of the Copper & Coal group were the delivery of the first shipment from the Oyu Tolgoi mine in Mongolia, divestment of the Palabora, Northparkes, Eagle and Bengalla mines and the withdrawal from the Pebble project in the USA.

The signing of the Oyu Tolgoi Underground Mine Development and Financing Plan in May 2015 which paved the way for the further development of the Oyu Tolgoi mine is testament to Mr Jacques’ commitment to establishing and maintaining strong external relationships. His leadership in negotiations with the Government of Mongolia demonstrated a commitment to finding solutions that deliver long-term benefits for all parties. In addition to providing country leadership for Rio Tinto in Mongolia, Mr Jacques had responsibility for leading the company’s engagement in Indonesia, Chile, PNG and Peru.

He is also highly respected for his thought leadership across a wide range of geopolitical and economic issues within the mining industry and more broadly. Mr Jacques has been chairman of the International Copper Association since late 2014.

Prior to joining Rio Tinto, Mr Jacques spent more than 15 years working in various roles across Europe, South East Asia, India and the US. He covered a wide range of operational and functional positions for the aluminium, bauxite and steel industries and more significantly, served as group director, Strategy for Tata Steel Group from 2007 to 2011.

Mr Jacques lives in London with his family and holds a Master of Science from École Centrale Paris.

Tom Palmer

Tom Palmer

President and Chief Executive
Newmont

Tom Palmer became President and Chief Executive and joined the Board of Directors of Newmont effective October 1, 2019. He served as President since June 2019 and as President and Chief Operating Officer from November 2018 until June 2019. Previously, he served as Executive Vice President and Chief Operating Officer since May 2016. Mr. Palmer was elected Senior Vice President, Asia Pacific in February 2015 after serving as Senior Vice President, Indonesia since March 2014.
Prior to joining Newmont, he was the Chief Operating Officer, Pilbara Mines at Rio Tinto Iron Ore. Over a 20-year career with Rio Tinto, Mr. Palmer worked in a variety of roles across a number of commodities, including General Manager, Technology for the Bauxite and Alumina business; General Manager, Operations at Hail Creek coal mine; and General Manager, Asset Management at Palabora Mining Company in South Africa. Mr. Palmer brings extensive experience leading teams and delivering production while implementing safety culture programs and improving diversity. He earned a Master of Engineering Science degree and a Bachelor of Engineering degree from Monash University in Melbourne, Australia.

Rebecca Campbell

Rebecca Campbell

Partner, Mining & Metals
White and Case LLP

Rebecca Campbell, who leads White & Case’s Global Mining & Metals Industry Group, is a mining and metals sector expert who brings an industry-focused approach to every aspect of her work. She has forged her expertise as in-house counsel at BHP and in private practice at top law firms in Australia, New York and London.

Rebecca brings her knowledge and experience to a broad range of transactions across the mining & metals sector globally, regularly taking the lead on financing, M&A/corporate, project development and restructuring transactions, as well as operational improvement and best practice projects for corporate clients. Rebecca is known for her unparalleled knowledge of the commercial, technical and political aspects of the mining and metals sector and her ability to deftly integrate these with the legal considerations on any given matter for her clients.

Rebecca has extensive experience assisting mining & metals companies and their boards in relation to business-critical risks and events, as well as in contributing to the development of industry-wide standards. She is a member of the advisory panel for the Global Tailings Review, which has been convened by the International Council on Mining and Metals (ICMM), the United Nations Environment Programme (UNEP) and the Principles for Responsible Investment (PRI) to establish an international standard for the safe management of tailings storage facilities that can be applied to all tailings dams. Rebecca is currently authoring a section of the report that will accompany the launch of the new global standard.

Tom  Butler

Tom Butler

CEO
ICMM

Tom has been CEO of ICMM since July 2015. Before that, he spent 18 years with the International Finance Corporation (part of the World Bank Group) in the infrastructure and natural resource teams, focused mainly on mining and power projects in Africa.
From 2011, Tom was IFC’s Global Head of Mining, where he led a multi-disciplinary team of specialists responsible for IFC’s financing of mining exploration and development in emerging market countries.

Nicky Black

Nicky Black

Social and Economic Development Programme
ICMM

Nicky joined ICMM in June 2017.  She is responsible for providing strategic and operational leadership to ICMM’s work on social and economic development, including the future of work, community relations, security and human rights, tax and mineral resource governance.

Nicky has over 17 years’ experience working in sustainable development.

Before joining ICMM, Nicky spent seven years with the De Beers Group of Companies. As the Group Head of Social Performance, she strengthened social risk and management systems in mining and exploration activities in six countries, and worked with the board and executive committee across the diamond value chain on sustainability strategy, assurance, reporting and communications.

Nicky holds a PhD in Strategic Management from the University of Waikato in New Zealand, a Master’s degree in Political Sociology from McGill University in Canada, and a degree in Human Sciences from the University of Oxford in the UK. She serves on a number of boards and advisory panels, most recently joining the board of the Institute for Human Rights and Business (IHRB), an international think tank.

Nick Stansbury

Nick Stansbury

Head of Commodity Research
Legal & General Investment Management

Nick co-ordinates Legal & General Investment Management’s research into the investment implications of climate change and the energy transition. Alongside his research activities, he also manages a portfolio focused on the energy transition. Prior to joining LGIM, Nick worked for Standard Life Investments as an Investment Director in their Asia and Global Emerging Markets team.

The Right Reverend David Urquhart

The Right Reverend David Urquhart

Lord Bishop of Birmingham
Church of England

Bishop David became Anglican Bishop of Birmingham in 2006 and has an equal focus on the church and the wider world.

After 10 years of commercial management with BP and theological study at Oxford, he served as a parish priest in Hull and Coventry and as Bishop of Birkenhead.

He is actively involved with social cohesion, economic justice, and education. He co-ordinated Birmingham’s Social Inclusion Process 2010–2015, chaired the University of Birmingham’s Wealth Distribution Commission in 2013 and was Vice-Chair of the Birmingham Hippodrome Theatre Board 2010-2019.

Bishop David also has a significant interest in global politics and international relations. Chair of the Church Mission Society from 1993 to 2008, he maintains close links with DR Congo, Uganda and Malawi. He is currently engaged in global Mining Justice with a focus on South Africa.

He is the Archbishop of Canterbury’s Envoy to China, a Church Commissioner, and Prelate to the Order of St Michael and St George. He has been a member of the UK Banking Standards Board since 2015 and is a governor at Rugby School. As a member of the House of Lords, where he is Convenor of the Lords Spiritual, he comments regularly on finance, business and the constitution.  He is Vice-Chair of the All Party Parliamentary Group on Inclusive Growth. 

For recreation he walks the Scottish hills, reads history, and rides a motorbike. He is also a member of the British Deer Society and plays Rugby Fives.

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Who Will Attend?

FT Live has a reputation for delivering very senior board level audiences to attend a wide range of world class thought-leadership events across the globe and the inaugural FT Commodities Mining Summit is no exception.

The FT Commodities Mining Summit is attended by:

C-Suite, VP and Directors
Head of Mining
Fund Managers
Head of Fixed Income, Currencies and Commodities (FICC)
Market Risk Analysts
Commodity Traders
Heads of Commodity Procurement

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Presented By (1)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

Lead Sponsors (4)

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of the world’s developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world – safely, responsibly and sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s lives.

BHP is a world-leading resources company. We extract and process minerals, oil and gas, with more than 72,000 employees and contractors, primarily in Australia and the Americas. We aim to have the best capabilities, best commodities and best assets to create long term value and high returns. We are among the world’s top producers of major commodities, including iron ore, metallurgical coal and copper. We also have substantial interests in oil, gas, nickel and energy coal.

Associate Sponsor (1)

Supporting Partners (2)

ICMM is an international organisation dedicated to a safe, fair and sustainable mining and metals industry. Bringing together 27 mining and metals companies and 36 regional and commodity associations, we strengthen environmental and social performance. We serve as a catalyst for change; enhancing mining’s contribution to society. Every ICMM company member adheres to our Mining Principles, which incorporates comprehensive environmental, social and governance requirements, robust site-level validation of performance expectations and credible assurance of corporate sustainability reports.

Founded in 2006, Women in Mining (WIM) is a non-profit volunteer organisation dedicated to promoting the employment, retention and advancement of women in the mining industry. Membership is free to both women and men across the industry.

WIM advocates and speaks for women in the mining sector, informing industry participants and decision-makers of the challenges and opportunities women are finding in pursuing careers in the industry.

Through its partnerships with leading mining companies and consultancy groups, WIM provides thought leadership and analysis on the business case for diversity, inclusion and the economic advancement of women in the sector.

WIM offers a strong international network to progress professional goals, enabling our members to exchange ideas and create connections both locally and globally through our affiliations with other WIM groups worldwide.

WIM provides its membership with visibility on the conference circuit, working with leading event organisers to ensure diversity of speakers and experts.

Through our work with universities and other organisations, WIM promotes the role of women in the mining industry and externally raises awareness of mining as a career choice for women.

WIM celebrates female success stories with its “100 Global Inspirational Women in Mining” publications.

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