Investors double capital investments at IMARC this year
Published by Claire Cuddihy,
Assistant Editor
Global Mining Review,
In its fifth year, the International Mining and Resources Conference has grown to be one of the largest events of its kind attracting the industry’s biggest operators and investors alike.
The most up-to-date numbers show that investors with a staggering AUS$5.4 trillion in assets under management will be in attendance, completely overshadowing the AUS$94.6 billion in assets under management calculated for the 2017 event at this time last year.
And they’re bringing their chequebooks.
“Current figures show that more than 400 investors are ready to invest over AUS$14 billion in mining and resources projects at IMARC this year, doubling their commitment of AUS$7 billion from this time last year,” said Event Director, Anita Richards.
For Richards, this increase speaks volumes about the reputation of the event.
For three days, the conference will be home to some of the largest mining companies in the world, including BHP, Newcrest Mining, Fortescue Metals Group, Anglo American, Rio Tinto, Goldcorp and more.
IMARC includes the world-renowned Mines and Money which is the industry’s leading series of international events for capital-raising and mining investment and will bring together thousands of miners, financiers and industry professionals under the one roof at the Melbourne Convention Centre from 29 October to 1 November.
“Last year’s event enabled us to meet with investors from around the world about our Boonanarring Project located in the North Perth Basin.
"Since the 2017 IMARC event, we've raised AUS$25 million in equity capital, and our flagship project has advanced to commissioning in advance of first production later this year. Our success is in part due to contacts made at IMARC, the biggest and best event of its type in Australia," said Patrick Mutz, Managing Director at Image Resources.
The status of the event is attracting miners of all sizes, commodities and origins who are flocking to Melbourne to professionally showcase their latest mining projects to prospective investors.
Floorspace at IMARC has grown from 4500 m2 last year to 7500 m2 – a 66% increase y/y - and with good reason, according to Richards.
“IMARC has brought thousands of investors and miners together under one roof and has generated millions of dollars in new business, deals and opportunities. In 2017, over 90 million in investments were recorded over the three days of the event with 42% of investors backing projects identified at IMARC.
“Commodity buyers, traders, and public and private investors will all be actively seeking new investment opportunities, looking to speak directly to senior executives to assess and compare an extensive range of investment opportunities in the mining and energy sectors,” finished Richards.
Read the article online at: https://www.globalminingreview.com/finance-business/29102018/investors-double-capital-investments-at-imarc-this-year/
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