A one-day briefnig examining mine developments in the Copperbelt and elsewhere in the continent
“Without African growth, global supply balances look even more tenuous” – the words of Rio Tinto Copper CEO Andrew Harding at our inaugural African Copper Conference in 2010. And indeed, the need for more copper from Africa has become pressing as the market has slipped into deficit –the supply shortfall for 2011 is forecast to be in the region of 350,000-450,000 tonnes.
With world demand continuing to rise at some 4-5% per year and prices way outstripping the cost of production, investment in copper mining globally is set to almost double in the next two-three years. Africa as a continent, and the Copperbelt in particular, look set to take a good portion of that spending.
The lure is understandable: according to exploration analysts MEG, both the DRC and Zambia now feature in the top ten destinations for copper mine expenditure. The Copperbelt boasts almost a quarter of the world’s reserves grading above 1% Cu. But the challenges in terms of legislation, security of tenure, lack of infrastructure and skills remain. Are the rewards now outweighing the risks? Can Africa keep the momentum going?
This one-day event on the Wednesday of LME week, when the international copper community will be gathered in the investment hub that is London, will provide timely and expert insight into who is doing what in this challenging but exciting continent, and where the obstacles and opportunities lie.
- Global concentrate balances – what is Africa contributing and what is in the pipeline?
- Investment needs and project costs and lead times – can the continent compete with the likes of Chile and Peru?
- Weighing marketing options – sell the concs or build a smelter on site?
- The production challenge – are we seeing real improvement in logistics, energy, infrastructure and skills availability?
- Is it all about the Copperbelt – what can Botswana, Namibia and other countries offer the mining investor?
Who should attend:
- Traders, smelters and users of copper looking for new supply sources
- Junior miners and exploration firms looking to showcase their projects and secure finance
- Brokers and bankers looking for new opportunities and wanting to gauge the risks
- Logistics and infrastructure providers, equipment makers and consultants seeking new sales openings
- Anyone with an interest in global copper supply-demand balances and trends
Please note, 20% Value Added Tax (VAT) will be added to the registration fee.