NCMGF - What You Should Know About Melbourne and IMARC

The sixth annual International Mining and Resources Conference (IMARC) in Melbourne, Australia is on the horizon.

Starting on October 29 and going for three days, the conference will see more than 260 companies on the floor of the expo, with almost 380 speakers taking part in talks.

Melbourne is Australia’s second-largest city and far from the vast iron mining operations in Western Australia that have brought the country so much wealth in recent years, but it’s a city that was built on mining.

Speaking with the Investing News Network (INN) in the lead-up to the conference, Gavan Collery, who is a 30-year veteran of the mining industry and the co-founder of the Melbourne Mining Club, said that while Perth may be the operational hub of mining in Australia, “Melbourne has long been the investment hub.”

Collery pointed to the largest mining company in the world — BHP (ASX:BHP,NYSE:BHP,LSE:BLT) — as plenty of evidence for that. BHP’s global headquarters are less than a 2km walk from the Melbourne Convention and Exhibition Centre where IMARC will be held.

Collery also highlighted a number of other well-known companies with headquarters in Melbourne, such as MMG (HKEX:1208) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF), along with the large presence of the other big name in Australia — Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) — which has a joint headquarters in Melbourne, with the other in London.

“Melbourne is a globally-significant mining centre — the head office of resources companies in Melbourne provide Victoria (state) with an unparalleled reputation as a global leader for mining businesses and businesses that supply them,” said Collery.

It isn’t just a city of offices though: Collery said that the majority of mining capital in Australia is derived from Melbourne, cementing its place as a key centre for the capital resources market in Australia and the Asia Pacific.

Melbourne in the 21st century is a major financial center with a diversified economy: but it’s a city that was essentially built on the wealth of gold mining, with a massive gold rush taking place in Victoria only 16 years after Melbourne was founded, and immediately after the colony of Victoria was formed in 1851.

The history of the gold rush — which lasted from 1851 into the late 1860s — can still be seen in the companies that call Melbourne home.

“Over 60 percent of Australia’s gold production is derived from Melbourne-based companies” said Collery.

While Victoria enjoyed a massive gold rush a century and a half ago — there’s still plenty of gold mining happening in the small Australian state — with Canadian miner Kirkland Lake Gold (TSX:KL,NYSE:KL,ASX:KLA) and its Fosterville gold mine a notable example.

“Victoria started with a gold and therefore mining culture in the 1850s and 60s — and it continues to do it ever so quietly these days,” said Collery, who added that works conducted by the state governments Geological Survey Victoria (GSV) was helping turn the state into an exploration and gold hotspot globally.

Need more reasons to take a look at Australia? Collery compared Australia to Canada as a stable jurisdiction with a stable mining code, saying that “if you make the effort to come here, you’re exploring in the right backyard.”

“As a nation, in 2019 Australia leads all countries in terms of companies supplying the global mining sector. In the percentage of total foreign direct investment (FDI) it attracts A$315 billion (37 percent of Australia’s total FDI).”

When asked about the impact of the ongoing trade war between China and the United States and its impact on the resources industry and investors, Collery said that it was no secret it had created uncertainty – but investors could learn to live with it.

“Its like life itself, you just can’t stop breathing. You just have to exhale and find a way to move forward. The important thing in that sense is that Australia major trading partner is China, and our major ally in these areas in the USA.

“Australia is and will continue to walk a fine line in the context of the trade war,” he said.

“As for mining, we are seeing an increased level of interest from North American investors as Australia is seen as a safe haven, buoyed by high mineral prospectivity and transition from exploration to discovery to construction and to development.”

He concluded that even in the context of the trade war, “a good asset will always find the funds.”

Highlights of IMARC

Besides the previously mentioned number of companies on the floor at IMARC and the large array of speakers, Collery offered up plenty of other highlights that investors and attendees of IMARC could look forward to.

Of note, IMARC is an investor-focused conference, with investors able to attend free of charge: all potential attendees have to do is visit the IMARC website to secure their complimentary ticket.

• Over 260 companies on the floor, with over 400 companies participating overall, with 360 speakers over the course of the three days.
• A brand new ASCENT start-up and scale-up village– this year it will feature 20 innovative start-ups with cutting edge technology who are looking to scale up and commercialize.
• Companies with innovations such as augmented and virtual reality, robotics, AI, autonomous machinery, and sustainable innovations will be connected to Venture Capitalists, along with leading tech investors.
• New to 2019, the Core Farm — will feature drill core samples from projects in diverse countries and settings, representing a broad array of deposit types and project stages. 
• Talk with exploration geologists and hear about new and emerging mineral discoveries.
• We showcase a three-day investment-focused conference, along with investment opportunities discussed in a Global Opportunities framework.
• Pitch Battles – exciting, fast moving – exploration and development miners, as well as tech start-up and scale-ups, will be going head-to-head in a Shark Tank / Dragon’s Den style pitch battle, pitching for investment and prizes.

The International Mining and Resources Conference takes place between October 29 and October 31 AEDT. The Investing News Network will be covering IMARC from Melbourne, attending presentations and panel discussions and talking to experts on the floor of the conference.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.