Minex Forum 2005
By Minex • Jul 6th, 2008 • Category: Past Events
The International Mining and Exploration Forum MINEX 2005 took place in Moscow 6-7 October 2005.
The Forum was initiated by SRK Consulting - the international mining engineering consulting company. The event was administered by Advantix Ltd - UK-based business communications consultancy working with Russia and CIS.
Russian event co-organisers:
Geoinformmark - the Information-Publishing Centre of the Russian Federation Ministry of Natural Resources.
NBL Gold - company specializing in research and design works in the field of mining and processing of precious metals resources, gems and diamonds.
The forum became the biggest international event aimed at discussing development opportunities in the mineral resources of Russia and the Commonwealth of Independent States (Former Soviet Union).
Over 350 people attended the forum. Amongst participants there were directors of mining and exploration companies, strategic investors, government representatives, Russian and international banks, consultants representing Russia, Georgia, Kazakhstan, Kyrgyzstan, Ukraine, Western Europe, Africa, Australia, Canada, South Korea, Japan and US.
During two-days’ event over 50 presentations were made.
One of the biggest achievements of the forum was a thorough professional discussion of the potential of Russian mineral reserves as a base for development of Russian Regions and the future leading role of Russia in the global mining industry. Participants agreed that MINEX forum should become an annual event which should regularly address these issues.
At the final session of MINEX forum, participants agreed that Russia has a unique potential in just 15 years’ time to become a world’s leader in exploration and production of mineral resources.
THE MAIN SUGGESTIONS MADE AT THE FORUM:
- At present the main leaders in production of minerals are Canada, USA, South America, Africa and Australia.
- Russia has a potential to become No.1 in global mineral production by 2020.
- MINEX forum should become a regular base for international exchange of ideas and attracting investments in the mining sector of Russia. The forum shall annually re-evaluate progress made by Russia on its way to becoming a world leader in mineral exploration and production.
- “Success Rate” of Russia established by open vote at MINEX 2005 consists of a number of business elements:
- Resource Base performance - 80%
- Resource Appraisal performance - 70%
- Infrastructure / Logistics - 35%
- People - 90%
- Social / Environmental / Health and Safety - 50%
- Legal - 35% (80% after the new legislation comes into force)
- Political - 75%
- Fiscal - 75%
- Accounting - 50%
- Appropriate Technology - 70%
- Finance - 65%
- Project Evaluation and design - 40%
- Project Development - 40%
For more information please visit Minex Forum 2005 website:
