MEMS
16th
Annual Conference
Thinking
past the next bump:
Where is global mining going?
Golden, Colorado, April 18-20, 2007
Registration
and Payment
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The global mining and metals industry is experiencing a significant boom fuelled by demand in Asia in particular. Even industry experts have difficulty distinguishing long-term trends from short-run booms and busts. What can we learn from past cycles? What are the current forecasting tools and methodologies? What is the value of the current round of mergers? How are the profits from the current boom distributed? These are some of the key questions being addressed at the 16th Annual MEMS Conference and Workshop. Hear presentations by some of the world's leading experts and participate in open, creative and stimulating dialogue. The MEMS annual conference is the premier forum to address economic and management issues facing the mining industry. Join mining experts, academics, and industry leaders in beautiful Golden Colorado to explore the topics that will define the future of the global mining industry. |
Preliminary Program
Wednesday, April 18th, 2007
Pre-Conference Workshop (9:00 - 2:00): Becoming a Knowledgeable User of Metal Price and Consumption Forecasts. (Led by Dr. John Cuddington, Coulter Professor of Mineral Economics, Colorado School of Mines).
The workshop will discuss alternative methods of forecasting commodity prices and quantities (production, consumption, changes in stocks, etc) using times series models, reduced form equations, and structural models. After an overview of the different forecasting approaches and their strengths and weakness, there will be an opportunity to learn the basics of the EViews econometric modeling and forecasting software package for carrying out such forecasts. This will be done in a PC lab where participants gain 'hands on' experience working with the software. The workshop is designed to help participants become knowledgeable users of various types of forecasts, not economic forecasters.Tour of the Coors Brewery (2:00 -4:00)
Opening Reception and Keynote Address (6:30 - 8:30pm)
Thursday April 19th, 2006
Session 1: Long-Term Trends, Cycles and Forecasting Models (Chaired by Shane Streifel, World Bank, Washington DC).
The opening session will set the context for the conference by providing an overview of past long-term trends and cycles in the mining and metals sector, as well as forecasts of future developments in the industry. It will also provide an overview and update of various forecasting methods and models currently in use.Session 2 - Thomas F. Torries Student Paper Award.
MEMS sponsors an annual student paper competition (see www.minecon.com). The winning paper will be presented. President's Lunch, Presentation of W.A.Vogely MEMS Award and address by the this year's recipient
Session Three: What is a Fair Tax Regime? (Chaired by Paul Mitchel, Secretary General, International Council of Mining and Metals, London)
The role of mining companies in community development and investment is becoming a significant issue for the industry. This session will examine the objectives for taxation, the linkages between development outcomes and taxation regimes, and the role of tax in investment patterns. MEMS Dinner and Key note Speaker, Dr. Chris Gilbert
Friday, April 20th, 2007
Session Four: Markets and Trading. Chaired by Lisa Morrison, Managing Consultant, CRU Strategies, Kennett Square, PA).
The ability for producers and consumers to utilize both financially and physically settled markets to mitigate exposure to price risk has been a feature of the commodities industries for some time. During the last several years, as information has become more quickly disseminated and investors have become more sophisticated, new market instruments have emerged. In this session, we will examine some of these new instruments and explore the impact they have had on management decision making and price discovery.
Session Six: Mergers in the Mining Sector. Chaired by Brett Humphreys, Managing Director, Risk Capital, New York.In light of the current round of intense merger activity, this session and explore differences in national review processes, efficiency gains, and the decision to payout shareholders vs. investing in new capacity.
Lunch with Continuing Discussion
Join us in Golden in April for this great event!
For more information contact the conference Co-Chairs:
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John .T Cuddington |
Michael van Aanhout President, Stratos Inc, Ottawa, Canada Tel: (613) 241-1001 ext.243 mvanaanhout@stratos-sts.com |
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MEMS is a not-for-profit professional forum for academic, industrial, private and government specialists interested in mineral economics and materials management. The Society's membership roster includes many of the world's leading mineral economics experts. Major purposes of the Society are to help members upgrade their technical skills and contacts to stay competitive in today's rapidly changing world of mineral economics. The Society's sponsorship of continuing education through annual meetings and electronic communications and providing a forum for personal interactions accomplishes these goals for its members. A substantial portion of the Society's meetings, publications and web-based communications are designed to advance members' professional standing through education. MEMS membership is appropriate for any technical-oriented professional concerned with the economic, management, finance, environmental and policy issues facing the minerals, energy, and materials industries. The Society's scope is global and includes:
Society Activities
Specific activities
of MEMS to accomplish the purposes stated above include:
1. Collect, exchange, and publish relevant mineral economics technical information. The Society is dedicated to the open exchange of important mineral economics technical information. This material covers such far-ranging topics as mining/processing innovations, resource assessment, innovative financing mechanisms for minerals, and the impact of environmental regulations on the industries. Current technical information is made available through the Society's Newsletter, papers presented at Society meetings, and our own MEMSNET electronic mail network and website. 2. Encourage and enable the early identification of mineral economics and management issues worldwide. This includes establishing global information channels in order to gain timely warning of such developments as technological breakthroughs, new or lost processing capacity, mineral discoveries, delays in development, proposed new government policies, military action, shifts in global investment patterns toward or away from specific regions and minerals, blocked transportation corridors, hoarding by speculators, new import/export taxation, materials handling advances, environmental concerns, dumping of reserves, labor actions and economic embargoes. 3. Support educational institutions that offer mineral economics curricula. The Society takes
pride in its academic support efforts, which include special
guest-speaker programs, student publication awards, scholarships
and sponsorship of on-campus MEMS student 4. Provide a forum for personal interaction among members. Personal and rapid
interaction is vital for all with interests in minerals and
materials economics and management issues. Current technical
information and member communications and interactions are made
available through the Society's Newsletter, papers presented
at Society meetings, and our own |
