The Miners Dilemma: Buy, Build or Buyback?

20th June 2018
LONDON STOCK EXCHANGE

The Miners Dilemma: Buy, Build or Buyback?

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The Miners Dilemma: Buy, Build or Buyback?

Strong global demand growth and supply constraints have driven commodity prices to their highest level in more than three years. Global miners are generating excess cash, which is no longer needed to reduce debt. How will they fuel growth when the general investor message is to return excess cash rather than spend it on ambitious new projects or deals? This Forum will bring together corporates, investors and experts for presentation, discussion and debate on the dilemma facing the industry to ‘buy, build or buyback’ and the impact different scenarios will have on the next commodity cycle.

Agenda

14:00

Coffee and Registration

14:30

Welcome and Introduction

Tom Wilson (Chair)

Mining Reporter, Bloomberg News

14:40

Buy, Build, Return .....or invest?

Lee Downham

Global Lead Partner, Mining & Metals Transaction, EY

15:00

Introduction to Central Asia Metals

Nick Clarke

Chairman, Central Asia Metals

15:20

Back from the Brink: A Capital Allocation Story

Philip Lindop

Managing Director, Head of Natural Resources EMEA, Barclays

15:40

Build, Buy or Buyback - Where Are We in the Cycle?

Paul Gait

Senior Research Analyst, Bernstein

16:00

Tea Break

16:20

Welcome Back

Tom Wilson (Chair)

Mining Reporter, Bloomberg News

16:30

Artificial Intelligence Insights on Mining and the Impact on Buy-backs

Grant Fuller

Co-founder, Irithmics

16:50

Buy, Build or Buyback – The Perspective from Zimbabwe

Mark Learmonth

Chief Financial Officer, Caledonia Mining

17:10

The Miners’ Dilemma – A Longer-term Investor’s View

Peter Ruxton

Principal, Tembo Capital

17:30

Discussion Panel with Tom Wilson

Paul Gait

Senior Research Analyst, Bernstein

Philip Lindop

Managing Director, Head of Natural Resources EMEA, Barclays

Enna Pariset

Managing Director, Head of Corporate and Commodities Coverage Switzerland, BNP Paribas

Peter Ruxton

Principal, Tembo Capital