The 59th Sydney Mining Club Meeting
with the support of
AUSENCO and HSBCThursday, November 7th at 12.30 p.m.
Presents a leading coal industry profile with
Xstrata Coal CEO Peter Coates
"Opening the Xstrata X box"
PowerPoint Presentation - Click Here
It has one of the greatest Australian coal stables ever assembled (14 mines)
with great names like Ulan, Bulga, Mount Owen, Liddell and Ravensworth - the
pickings of Glencore through the good times and many hard times of the 1990s.
In September last year Xstrata had this bundle primed, ready for a
mega-IPO under the Enex Resources banner when, three days beforehand,
September 11 hit . A quick change of plans, the acquisition of South Africas
Duiker Group (and another 14 coal mines) and the global group was listed as
Xstrata Plc on the London Stock Exchange in March this year the beginnings of
new diversified miner like Rio, Anglo and BHP was floated.It was seen as a
great growth story running on the strong form of global Xstrata head Mick Davis
and his previous success with Billiton. It joined the FTSE 100 in June this year
offering the market leading global position in coal, ferro-alloys and zinc.
Coal is Xstratas main game with 44.5 million tonnes accounting for 67% of
turnover.Not bad for a company that only saw its first twinklings 10 years
ago.
The controlling shareholder behind this mammoth is mineral commodity
powerhouse and coal trader Glencore.If anyone has a view on commodity
futures in the global village it is Peter Coates, a mining engineer whose 37 year
career has reached from beginnings in Broken Hill over most of our major
commodity fields.One of our first guests in some time not to fly from
interstate, Peter will give us a snapshot of Xstrata to the minute and his views of
coal in a post-Kyoto world.
Don't miss it!
Julian Malnic
The Forum is held at the Tattersalls Club at 181 Elizabeth St, Sydney (adjoining the Sheraton on the Park).
There has been a relaxation of dress rules at the Tattersalls Club so ties and jackets are no longer required.
Thank you for supporting your Sydney Mining Club and for your interest in the current affairs and issues that
drive our industry.
Dear Sydney Mining Clubbers,
'Members' are required to pay $35
reflecting the new, but fair, schedule of charges. Because - at
least for now - the Sydney Mining Club uses a virtual membership,
where people who have attended once automatically become members, we have
removed the differing charges for 'members' and 'non-members'
and replaced it with a flat $35 charge. If the additional cost
represents a significant imposition to you, you need only let Sharon
know by e-mail and you can stay with the $30 'concession'
rate. All students remain at $10 so you should remind your student
friends of this. I can assure you we are working hard to minimise the
cost of your forum lunches.
At some time in the future we may move to a formal membership
arrangement for the Sydney Mining Club so if you have any friends and
colleagues to add to our 'virtual membership list' - that is our
e-mail list - now is the time to send their name and e-mail address
to Sharon.
Regards,
Julian Malnic.
AusIMM students $10, Concession Rate $30, Everyone else $35.
Corporate Table bookings
(10 people) $375.00 (incl
GST) per table
Please note any bookings received after close of business on the Tuesday prior
to the lunch will automatically be charged a late fee of $10 per person.
.
The Sydney Mining Club
Fax bookings to 02 9416 2583
(Other inquires call 02 9416 0666 and ask for Sharon Johnson)
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RSVP BY 5pm, Tuesday prior to Meeting
Note late bookings $10 extra!!