Given the current situation in Hong Kong, Asia Mining Club will reschedule this event on November 22 to 2020.
The mining industry faces a conundrum – how can an industry grow or even sustain itself when its core business is to deplete its resources. Exploration has played a large role in sustaining the mining sector’s reserve base but finding large high quality deposits is an extreme challenge. Historically the mining sector has relied on acquisitions to replenish reserves and provide growth opportunities but this strategy is fraught with risks and has often resulted in destruction of shareholder value. In a world where capital is constrained and capital allocation is paramount how can mining companies successfully deploy M&A to sustain and augment growth. Please join us to hear a distinguished group of experts from industry, finance and law discuss their experiences with M&A in the mining sector and how they are approaching strategic opportunities for growth and value creation in the years ahead.
Date - 22 Nov 2019 (Friday)
Chief Financial Officer, MMG Limited
Mr Carroll, aged 55, was appointed as Chief Financial Officer (CFO) and a member of the Executive Committee of the Company in December 2015, with responsibility for Commercial and Finance, Mergers and Acquisitions, Project Services, Legal and Risk & Audit. He is also a director of a number of subsidiaries of the Company.
Prior to joining the Company, Mr Carroll was CEO and Managing Director of Macmahon Holdings Limited (a company listed on the Australian Securities Exchange), and previously held the positions of CFO and Director of International Mining, and Chief Operating Officer of Mining at Macmahon Holdings Limited. Prior to that, he was CFO of Woodside Petroleum Limited, and also worked in senior financial roles within BHP Billiton Limited.
Mr Carroll has extensive experience in the mining industry and in corporate finance, capital management and business development. He holds a Bachelor of Commerce from the University of Melbourne and is a Certified Public Accountant with the Australian Society of Certified Practising Accountants. Mr Carroll is a member of the Australian Institute of Company Directors, and was previously on the Executive Committee of the Western Australian Chamber of Mines.
Managing Director and Head of North Asia & Greater China on Metals & Mining
Standard Chartered Bank (Hong Kong)
Richy has over 20 years of M&A experiences especially in managing sizeable deals for some leading mining enterprises including sale of Rossing uranium mine to CNUC for Rio Tinto in 2018, sale of MMG’s Sepon copper and gold mine in Laos to Chifeng Gold in 2018, China Gold acquiring Eldorado’s Jinfeng gold mine in 2016, Zijin acquiring 50% of Porgera gold mine in PNG from Barrick in 2015, Minmetals consortium buying Las Bambas in Peru from Glencore in 2014, Yancoal Australia merging with Gloucestor Coal in Australia and China Moly acquiring Northparke copper mine in Australia from Rio Tinto in 2013.
Prior to joining Standard Chartered, Richy served at Citi, HSBC, Alcoa, Rothschild and Macquarie. He has a Bachelor Degree from East China University of Science and Technology.
Head of S&C’s Asia-Pacific Projects Practice
Head of S&C’s Asia-Pacific Projects Practice, Jamie Logie focuses on projects work and has significant experience acting for lenders, developers and borrowers in projects in various industries, including the mining and metals, power/electricity, energy/oil and gas, and infrastructure sectors. Jamie has more than 30 years’ experience in international legal practice, all focused on project, asset and other finance and development work, including acquisition finance and restructurings.