New ‘Coal in Asia’ segment to be launched at the 6th Mining Investment Asia Conference in Singapore
by Philippine Resources - November 05, 2019
Mining Investment Asia (https://www.mininginvestmentasia.com/), South East Asia’s largest mining conference and exhibition showcasing South East Asia’s mining sector to an international audience of investors and various mining stakeholders, is scheduled to return to Singapore from 17 - 19 March 2020.
For this 6th edition, a brand new full day segment entitled ‘Coal in Asia’ will be launched on 17 March to complement the event’s current focus on mining financing, technology and gender diversity.
Why Coal in Asia?
Coal is a dominant fuel in the rapidly growing economies of South East Asia even amidst a global move towards clean energy. Within the Asian region, India, China and Indonesia play major roles both as consumers and producers of coal. Hence, ‘Coal in Asia’ seeks to focus on what lies ahead for coal in the region and the key drivers for transformation. Major national and private coal mining companies are confirming their participation, with key stakeholders such as Indonesia Coal Mining Association (APBI-ICMA) already supporting this event.
Speakers who have come onboard to be a part of Mining Investment Asia 2020 include:
Robin Lee, CEO & Founder, Hello Gold (Malaysia) (First time speaker at this event)
Raymond Liu, Founding Partner, Havelock Mining Investment (China) (First time speaker at this event)
Thao Dh Ngo, Group Executive Chairman, First Indochina Group (Vietnam)
Edward Gustely, Managing Director, Penida Capital (Indonesia)
Michel Labrousse, Managing Partner, Mazarin Capital (Hong Kong)
Hendra Sinadia, Executive Director, Indonesia Coal Mining Association (Indonesia)
Cindy Teoh, Associate Editor - Investments, Golden Equator Capital (Singapore)
Thomas Puppendahl, Chief Investment Officer, Chancery Asset Management (Singapore)
Jayant Bhandari, Mining and Institutional Investor Expert, Anarcho Capital Inc (Canada)
Over the past 5 years, the high quality of the speakers assembled at this event has provided insightful regional and international perspectives, leading to Mining Investment Asia being recognised as the leading event in the region for global companies and individuals who wish to understand what makes South East Asia mining industry tick and to meet the key players in this region.
Testimonials from past participants
Feedback from past attendees have consistently highlighted both the high quality of the speakers and the attendees.
In addition, what makes Mining Investment Asia special to them include:
Great networking opportunities
High level discussions
Opportunity to understand and meet the relevant decision makers from the South East Asia mining industry.
Constance Tan, Principal Consultant, Alvito Capital Holding (Singapore) opined that ‘When I speak to other delegates here, they agree that it has been a useful forum for them to ask questions and meet like-minded people in the same industry over meals and networking drinks. Overall Mining Investment Asia is a formal yet informal event with plenty of interaction for future collaboration’.
Charmaine Olea Capili, Executive Director, Philippine Nickel Mining Association said that ‘It is a big leap for us coming here as an Association as it is the first we are coming out here in South East Asia. We are very excited as it is an opportunity for us to share globally what we have done in our country and our best practices’.
Dato Aminudin Hashim, CEO of Menteri Besar Inc, a government body tasked to drive growth in the Malaysian state of Perak, highlighted that ‘Mining Investment Asia is a great event. A good event depends not only on the content but the quality of the attendees. I got to meet many senior players in the industry, from the mining, policy and the financing industry.
It is a great meeting of minds from the mining sector here in Singapore’.
Spaces are still available for sponsors, exhibitors and delegates who wish to be a part of Mining Investment Asia. Enquiries can be sent to Jarred via email at firstname.lastname@example.org or phone at +65 6717 6017. More information can be found at the event website: https://www.mininginvestmentasia.com/
Background on Spire Events
Spire Events is a Singapore based events company specialising in mining & energy conferences and expos. Mining Investment Asia is part of the global Mining Investment Conference Series that spans across various locations in Asia, Africa, Europe, Latin and North America and the Middle East.
Spire Events also organises the MiningTech Conference Series which focuses on technology in mining and they are held in Chile, South Africa and Brazil. Besides conferences, Spire Events also organises large scale mining and energy expos in Africa, namely Mauritania, DRC, Sierra Leone and Botswana.
The full calendar of events can be found at www.spire-events.com
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Philippine Resources - March 08, 2020
9th Annual PMEA Golf Tournament unfolds March 13
9th Annual PMEA Golf Tournament unfolds March 13.The Philippine Mining and Exploration Association (PMEA) will stage its 9th Annual Golf Tournament on March 13 at the Orchard Golf and Country Club in Dasmariñas City, Cavite.Listing is ongoing with entry fee pegged at P3,900, inclusive of a Nike golf shirt, green fee, shared golf cart use, meals, and raffle entry.On-course registration will begin at 6 a.m. followed by the shotgun tee off at 8 a.m.For registration and sponsorship inquiries, email email@example.com or call 09209522084.
Philippine Resources - October 09, 2019
Usec. Bayani H. Agabin and Mark Cojuangco at the PMC Luncheon | 25th October 2019
Usec. Bayani H. Agabin and Mark Cojuangco at the PMC Luncheon | 25th October 2019Come and join the 200+ attendees!Mr. Bayani H. Agabin is currently the Undersecretary of the Department of Finace of the Republic of the Philippines. He is also the Focal Person and Chair of PH-EITI.Topic:“Forging New Frontiers” Fifth PH-EITI Report (Philippine | Extractive Industries Transparency Initiative)Mr. Mark O. Cojuangco served as the Representative of the 5th Congressional District Of the Province of Pangasinan from 2001 to 2010. He focused on infrastructure projects, believing that quality and not just the quantity of projects, are the catalyst for economic development.During his incumbency as a Member of the Lower House of Congress, he was elected Senior Vice-Chairman of the House Committee on Appropriations, a position he held for six consecutive years.Topic: Assessing the Viability of Nuclear Power in the Philippines: Opportunities, Challenges and IssuesTime: Registration starts - 11:00AM | Program starts - 12:15 noon sharp | Ends - Approx. 2:30-3:00PMDate: Friday | 25th October 2019 Venue: I'M Hotel | 5F Narra Ballroom | corner Makati Ave. and Kalayaan ave. (Plenty of basement parking)Attire: Smart CasualCost: Php 1,800 pre-paid before the event | Php 2,000 at the door | Php 1,600 Diwata members (inclusive of Lunch and Refreshments) *** Bookings not cancelled 3 business days before the event will be billed at full cost ***
Philippine Resources - March 10, 2020
Worldbex Services International Announces Postponement of WORLDBEX and MIAS 2020
In response to the government declaring a state of public health emergency throughout the entire Philippines; alongside the recommendations of the Department of Health regarding the imposition of Social Distancing Measures in the National Capital Region, which prohibits mass gatherings and events due to concerns related to COVID-19, Worldbex Services International (WSI) announces its decision to postpone WORLDBEX and MIAS 2020.Worldbex Services International, amidst shows that are set to be held on March 18 to 22, 2020 (25th WORLDBEX) and April 2 to 5, 2020 (16th MIAS), has made this difficult decision after close and careful consultation with its partners and the health authorities in charge, in whom it has full trust for their expertise and recommendations for the benefit of exhibitors, collaborators, and visitors. Following the recent prohibition on mass public gatherings, with direct implications for the trade shows, WSI had no other option than to make this decision.Jill Aithnie Ang, Managing Director of Worldbex Services International stated: “We are deeply saddened to have made the decision to postpone this year’s WORLDBEX and MIAS. Indeed, both of the shows have come to be such instrumental platforms for the local industry to grow and expand their networks across a wide range of trade opportunities. Moreover, this predicament is made all the more challenging in consideration of all the possibilities explored and plans aligned after significant time spent in dialogue with collaborators over the course of the past few months. All this progress is further attested by the impressive number of returning exhibitors and newcomers who were all eager to take part of this journey. As expected, we have been observing promising growth across all sectors in both the construction and design trade as well as in automotive and motoring.Joseph Ang, Founder of Worldbex Services International expressed: “In the past few weeks, I have witnessed the grit and tenacity of all who have been involved in the preparations for our two shows – WORLDBEX and MIAS. From our partners and customers to our stakeholders and very own teams, everyone has tirelessly worked to seek out the most ideal solutions to safeguard the wellbeing of the industries and its subsequent communities. It is in these moments that I am truly convinced of the value of communication and collaboration in conjuring innovative and strategic approaches to address the many issues at hand. At this point, I would like to extend my sincerest gratitude to everyone for their hard work, faith, and commitment to our vision.”In the midst of all this, WSI is putting the health and safety of all attendees, exhibitors, and its employees at the top priority. With the development of the current threat and challenges, the organizer will be on top of this situation and continue working towards realizing its prodigious aspirations for the local trade industries.
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Philippine Resources - May 23, 2023
MEMORANDUM OF AGREEMENT SIGNED WITH TVI RESOURCE DEVELOPMENT (PHILS.) INC.
Photo credit: TVI Resource Development The Board of RTG Mining Inc. is pleased to announce that a comprehensive settlement of all outstanding issues with the Villar Family controlled Sage Capital and TVI Resource Development (Phils.) Inc. (“TVIRD”) has been reached and a binding Memorandum of Agreement signed. On execution of the final documents, expected in the next month, all litigation that RTG had launched will be withdrawn as part of an agreed restructuring of the Mabilo Project. The Villar Family is one of the most prominent families in the Philippines and RTG is pleased to partner with them in the development of the Mabilo Project, which is a significant mining project for the country. The key terms of the agreement for RTG include the following: RTG (through SRM Gold Limited) will retain a 40% interest in Mt. Labo Exploration and Development Corporation (“Mt. Labo”) with the project also developed by Mt. Labo, in line with Philippine regulatory requirements, with Sage Capital (which is owned by TVIRD) holding the remaining 60%; RTG will have a 2% net smelter royalty (“NSR”); RTG’s debt together with interest, currently in the order of US$27M (subject to audit) will be repaid out of the proceeds of Stage 1 of the project, the Direct Shipping Operation subject to customary requirements to address liquidity and ongoing operations of Mt. Labo; Funding arrangements for the project as between the major shareholders of Mt. Labo have been successfully renegotiated, (relieving RTG of a sole funding obligation) and replaced with a pro-rata funding obligation, together with a disproportionate funding obligation of Sage Capital, as set out below; With debt repayments in full and the NSR, RTG will be entitled to approximately 57% of the proceeds of Stage 1, the Direct Shipping Operation; RTG will be entitled to 40% of the operating cashflow of the project, together with the 2% NSR and repayment of its debt, which is currently in the order of US$27M; The first US$5M of expenditure for Mt. Labo (or 12 months of expenditure, whichever occurs the earlier), will be funded pro-rata between the two shareholders (ie RTG will provide 40%) and thereafter, Sage Capital/TVIRD will sole fund the next US$5M of expenditure, with all additional funding thereafter to be provided on a pro-rata basis; All parties are required to act in the best interests of the project and not compete; A shareholders’ agreement will be finalised which will provide typical minority interest protection clauses including reserve matters for voting including annual budgets and appointments of key personnel; Any disputes will be resolved by the Singapore International Arbitration Centre; and On completion of final signed documents, all litigation matters will be withdrawn and settled in full. With the restructuring of the Mabilo Project now agreed, over the balance of this year, the remaining permitting matters and financing plans will be finalised, a review of the 2016 Feasibility Study will be completed, together with finalising the acquisition of surface rights, following which, a commitment to development will be formalised by the Board of Mt. Labo. RTG is pleased with the outcome of the discussions and the co-operative and constructive approach adopted by the Villar Family representatives. RTG believes they can be a strong and positive partner to work with to take the Mabilo Project forward, with both a near term development and future exploration activities to expand the project, which will start to unlock the value of the project for all stakeholders, not only the local communities but for the country as a whole.
Philippine Resources - May 22, 2023
Mining Operational Excellence Through Digital Transformation
Part 1: Mining Operation Challenges and Mine Operations Management Domains 1 & 2. By Mae Ann Cabasag, EM Mining companies encounter numerous challenges throughout their operations. However, initiatives to mitigate these challenges and improve efficiency are often limited. Most of these limitations emanated from a common factor: the challenge of “poor visibility” in mining operations. A viable solution is to adopt digital transformation in mining operations by incorporating available real-time data into an integrated system— capable of ensuring automatic updates and reliable source of information. Through this, mining companies not only understand simulations and plans developed but also anticipate potential outcomes. Various mining industry analysts have found that using non-digital methods in the mining operations can lead to a 27% reduction in production time and 25% increase in data inaccuracy. For a mining company to remain competitive in an industry susceptible to operation challenges, i.e. production processes, workers’ and equipment performances, ore quality and quantity, compliance to regulations, and inter-departmental collaboration, it needs to embrace digital transformation. Dassault Systèmes Mine Operations Management provides transformative digital solution for mining companies to achieve excellence in their operations. Mine Operations Management (MOM) equips mining companies with an integrated system for their mining operations, enabling them to achieve efficient plan and schedule. This system integrates entire operation data into a single repository source of information, known as the “single source of truth”, ensuring complete transparency of the company’s processes from mine to port. By leveraging MOM, we can address the following global mining industry challenges: Maintaining competitiveness amidst market volatility. Eliminating waste materials, poor communication, and error duplication. Improving site productivity and efficiency. Utilizing assets and sharing best practices across the value chain. Ensuring an utmost level of safety. Reducing environmental impacts and achieving sustainable operations. The transformative digital solution, Mine Operations Management, is composed of eight work packages, split across four domains, namely: Data Management, Material Reconciliation, Operational Control, and Assets Performance. These domains help generate valuable insights from integrated operational data for rapid and informed strategic decision-making. The Data Management consists of Master Data Model and Integration Framework packages essential for material tracking, stockpile management, task and workforce management, machine performance, and asset maintenance. It enables users to manage master data objects such as Site, Material, Location, Equipment, and Operator through manual data entry or third-party source systems. With this, mining companies can ensure efficient and integrated management of critical data required for seamless operations. Material Reconciliation, on the other hand, consists of Material Tracking and Stockpile Management packages. Material Tracking enables us to track material movements across different stages, i.e. from the least accurate grade estimated in geological model to the most precise information on shipped material quantity and quality, to account for any inaccuracies. While in the Stockpile Management, users not only can calculate daily stockpile balance, add Survey or Sampling data, analyze inventory levels and trends, create graphical representation of the stockpile balances and movements, calibrate stockpile using volumetric survey and sampling, enables comparison of different models, track movement genealogy and review stockpile slices for stockpiles with LIFO and FIFO calculation type but can create a different type of analysis such as actual vs plan vs model. In the upcoming article, we will explore the two remaining domains of Mine Operations Management to where assigning operational tasks, tracking compliance to plan, monitoring equipment down to workers’ performance are feasible in the mining operations. To know more about MOM, mining innovations and solutions, contact Dassault Systèmes Value Solutions Partner: Paramina Earth Technologies Inc. through firstname.lastname@example.org References: Make it happen for mine execution excellence: Dassault Systèmes®. MEGATrends. (n.d.). https://events.3ds.com/make-it-happen-for-mine-execution-excellence Dassault Systèmes. (2021, August 12). Digging deeper: The virtual solution for Mining Operational Excellence. Dassault Systèmes. https://discover.3ds.com/virtual-mining-operational excellence dassault3ds. (2022, June 16). The mining industry needs to adapt, but how? Dassault Systèmes blog. https://blog.3ds.com/brands/delmia/the-mining-industry-needs-to-adapt-but-how/
Philippine Resources - May 22, 2023
Customer’s First Choice: Sandvik Philippines Delivers 11th and 12th Pantera DP1500i Drills to Filminera Resources Corporation
Sandvik Philippines has successfully commissioned and delivered to loyal customer Filminera Resources Corporation (“Filminera”) their 11th and 12th Pantera DP1500i Top-hammer Surface Drills last 25 January 2023 at the Masbate Gold Project (MGP) located in Masbate Island, Philippines. Photo shows Sandvik Technician Larry Lugnas (second from left) and Service Operations Manager Jorge Cabello (third from left) handing over the drills to MGP representatives. Located 360 km southeast of Manila, the Masbate Mine is operated by Filminera, the Philippine subsidiary of TSX- and NYSE-listed B2Gold with headquarters in Vancouver. In 2022, the mine produced a record-setting 212,728 oz of gold out of 7.93M tonnes of ore milled at an average grade of 1.11 g/t. B2Gold also operates the Fekola Mine in Mali and the Otjikoto Mine in Namibia. Their projects under development include the Anaconda Area in Mali and the Gramalote JV Project in Colombia. The Masbate Mine started operating in 2008 initially using 4 x Atlas Copco ECM660 Drills owned and operated by the erstwhile mining contractor, Leighton. When the opportunity for re-fleeting came about in 2012, Sandvik succeeded in winning the tender which came packaged with a full maintenance contract for 24,000 service meter hours of five years. Ironically, the said maintenance contract almost led to the cancellation of the order for the first 4 x DP1500i due to a dispute with the rates. Eventually, both Leighton and Sandvik were able to arrive at a mutually acceptable arrangement, and Sandvik ran the service contract for five years without incurring penalties in the availability guarantees. The contract was so profitable, Sandvik even had to share some of the residual profit at the end with Filminera under the pain-and-gain proviso of the contract. The next re-fleeting opportunity came in 2017, with the Masbate Mine. This time, there was no service contract attached to the equipment and Leighton was no longer the mining contractor; the mine has shifted to owner-miner operation. Sandvik managed to secure the repeat order for another batch of 4x DP1500i, banking on the proven performance and reliability of the first four. That brings the total to 8 units. Drill numbers 9 and 10 were ordered in July 2020 and delivered in 2021. Numbers 11 and 12 in the photo above were ordered in January 2022 and are now handed over to the customer. Filminera ordered two more DP1500i’s in November 2022; these machines are now awaiting completion in Tampere, for delivery later this year. That should bring the total to 14 x DP1500i units spread over 11 years for our most loyal Pantera DP1500i customer in the Philippines – Filminera Resources Corporation!
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