SILVER SPONSORS
Polymetal [LSE, MICEX, RTS: PMTL] is the world's largest primary silver producer and Russia's third largest gold producer.
Polymetal owns four operating mines, three of which (Voro, Lunnoye and Khakanja) are greenfield, while the fourth (Dukat) is a brownfield mine rebuilt from the facility that was constructed during the Soviet times. Dukat and Lunnoye are producing primary silver with by-product gold, while Voro and Khakanja are primary gold mines with Khakanja having significant silver by-product.
Polymetal's pipeline of exploration and development projects is very feasible and low-risk. The Company's mid-term growth will be fueled by two brownfield projects (Dukat expansion and Voro expansion) and one greenfield project (Albazino), as well as through a strategic alliance with AngloGold Ashanti, so far involving four projects, including the advanced exploration Veduga one.
Polymetal owns a top-quality in-house engineering operation (and one of the largest in the Russian mining industry, employing more than 100 highly skilled engineers) performing R&D and designing projects not only for the Company, but also for outside clients.
Based only on the projects known today, Polymetal expects its annual production to grow to 400-500Koz of gold and 25-27Moz of silver, reserves (JORC Code) - to 8Moz of gold and 600Moz of silver, and mineral resources - to 12Moz of gold and 800Moz of silver, by 2010-2011.
White & Case LLP is a leading global law firm with more than 2,300 lawyers in 37 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in every area of law that affects cross-border business. Our clients value both the breadth of our network and depth of our US, English and local law capabilities in each of our offices, as well as our industry knowledge, particularly in natural resources.
Baker & McKenzie maintains 70 offices in 38 countries employing more than 3,600 lawyers. Active in the USSR and the Commonwealth of Independent States (CIS) for over 40 years, and the first western law firm to be registered with the then Soviet authorities, our Moscow office was opened in 1989, followed by the opening of our St. Petersburg and Kyiv offices in 1992, Almaty in 1995 and Baku in 1998. We now have one of the largest practices in the CIS, offering expertise (in close co-operation with our offices worldwide) on all aspects of investment in the region including: Mergers & Acquisitions, Natural Resources, Dispute Resolution, Banking & Finance, Capital Markets, Commercial Contracts, competition, Corporate Law, IT/Telecommunications, Intellectual Property, Labor & Migration, Pharmaceuticals, Real Estate & Construction, Tax & Customs, Venture Capital.
Baker & McKenzie has advised numerous local and international clients on all aspects of their mining operations in Russia since the adoption of the first Subsoil Law in 1992. Our firm has the skills and experience to assist on all aspects of any mining transaction in Russia and the CIS, including local and cross-border mergers and acquisitions, exploration and development joint ventures, project financing of mining operations, subsoil regulatory law, tax structuring, environmental laws and compliance as well as arbitration and litigation of any potential disputes arising in the course of mining operations, including both subsoil and other general issues. Our Natural Resources Practice Group's lawyers are specialists in both transaction documentation and processes and the subsoil licensing regime. They participate regularly in exchange of information, client initiatives and seminars with colleagues in mining jurisdictions around the world (Canadian, Australian, South American and Asian offices of Baker & McKenzie).
The JSC (Joint Stock Company) "NBLgold" specializes in research and design works in the field of mining and processing of precious metals resources, gems and diamonds. NBLgold has all the appropriate licenses from the Russian Ministry of Construction and from the Russian Federal Mining and Industrial Inspection to design mines, processing and metallurgical plants and tailing dumps in Russia, other CIS States and abroad. NBLgold also operates contractually as the design department of GINALMAZZOLOTO (State Design & Research Institute on Precious Metals & Diamonds). In addition, NBLgold has contracts and agreements in collaboration with a number of well-known design and research institutions and large financial companies.
Below is a list of just some of the current operations constructed with the participation of specialists currently working for NBLgold: Muruntau (gold, Uzbekistan), Mirny (diamonds, Yakutia), Makmal & Dzherui (gold-silver, Kyrgyzstan), Olimpiada (gold-silver, Krasnojarsk region), Kastelianos (gold - base metals, Cuba), Nge-Tin (tin, gold, Vietnam), Kalana (gold, Mali), Mnogovershinny (gold-silver, Khabarovsk region, Russia), Pokrovskiy Mine (Amur region, Russia), Prioksky Refinery (Rjazan' region, Russia), Kolymsky Refinery (Magadan region, Russia).
IMC Montan is a working joint venture combines the skills and experience of two firms who have been active for many years in the mining sector in the Former Soviet Union (FSU) and internationally.
IMC Group Consulting Ltd (IMCGCL) is an international consultancy that offers a broad spectrum of services in the environmental, mining, minerals, engineering and energy industries world wide, and is a recognised world leader in its field. IMCGCL has been in continuous existence since its incorporation in 1947. IMCGCL has worked in more than 150 countries and undertakes assignments in around 80 countries in a typical year.
IMCGCL's typical clients include World Bank, a range of merchant banks, private mining companies, aid agencies, international government bodies, lawyers and insurers. IMCGCL has undertaken reserve audits and valuations, competent person's reports, due diligence, financial analyses, bankable documents, support to investors, institutional strengthening, mineral exploration, mining engineering, geological, safety, training and environmental projects for numerous clients including major multi-national mining corporations. The company has twice gained International Consultant of the Year Awards and twice a Queen's Award for Export Achievement. IMCGCL's headquarters are in Nottinghamshire, UK with other offices in London, South Africa and Canada.
Since first opening its doors in Calgary in 1912, Macleod Dixon has been an integral part of the Canadian business community. Macleod Dixon's professionals are known for the depth of their business savvy and the strength and diversity of their legal expertise. Their commitment to achieving the best results for their clients has earned a reputation as a "law firm of choice ".
Macleod Dixon's lawyers have built up one of the most industry respected mining practices in the CIS. Macleod Dixon has worked extensively across all branches of the mining business and in all the important mining regions in Russia, with a particular emphasis in the precious metals and diamond industries. Macleod Dixon offers pre-eminent and in depth legal advice on every aspect of a mining project, from the license tendering progress through to the negotiation and preparation of all types of mineral licenses and precious metals sale contracts.
Macleod Dixon's Mining Practice Group is comprised of senior lawyers who bring a wealth of resource expertise to the table. Macleod Dixon understands the legal and business issues that impact this complex and highly structured industry, and is firmly positioned on its leading edge, no matter what direction it is headed.
Macleod Dixon specializes in advising domestic and international clients on all aspects of mining and securities law and works closely with resource companies and underwriters to facilitate a wide range of transactions.
Macleod Dixon represents clients in all types of mining, mineral and securities transactions - from exploration through to project financing, development and operations.
PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
Investment Company Arlan accomplishes investment projects in various spheres of economics in Russia and the CIS. Deep understanding of the risks typical for the Russian market, ability to manage such risks, promptness in decison-making enabled Arlan to successfully accomplish investment projects in the fields of metallurgy, real estate, extraction and production of non-ferrous metals and nonmetallic raw materials over 16 years.
The mission of IC Arlan is to become a leading private equity manager in the investment segment of between $500 mln and $1 billion and to provide investors with: high internal rate of return, diversified portfolio of investment projects, building of effective management system in portfolio companies.
Our goal is a multiple increase of capitalisation of portfolio companies by means of improving the quality of their business performance, improving the management system, increasing the level of management professionalism, disposing of non-core assets, attracting additional financing as well as involvement of strategic partners into the project.
Peter Hambro Mining Plc is a gold mining producer and explorer incorporated in the UK whose Ordinary shares were admitted to trading on the AIM Market of the London Stock Exchange in 2002. Peter Hambro Mining plc also has an American Depositary Receipt programme with the Bank of New York. The Group has offices in London, Moscow and Blagoveschensk (Amur Region, Russian Far East).
The Group is the second largest gold producer in Russia with exploration and production assets in a number of regions across the Russian Federation. The core assets of the Group are located in the Amur Region and, through an operating joint venture, in the Magadan Region.
The Group's strategy is to enhance shareholder value through the full development cycle of projects from greenfield site to profitable production. The Group expects that its total attributable gold production will exceed 1m oz in 2011.
Gemcom has a global reach delivering comprehensive solutions in all major mining centres in more than 90 countries. Every major mining company, including BHP Billiton, Codelco, CVRD, De Beers and Newmont, is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of specialised mining productivity solutions.
When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to worldrenowned mining solutions like GEMS, Surpac, Minex, Whittle and InSite, and to industry thought-leaders who are pushing the boundaries of what's possible in mining.
Kinross Gold Corporation a world-class gold company based in Canada, was established in 1993 and has since become the third largest primary gold producer in North America by reserves. With nine mines in stable countries including Canada, the United States, Brazil, Chile and Russia, Kinross employs more than 4,500 people worldwide.
Kinross has one of the best project pipelines in the industry, with three world-class projects in development driving 60% growth over the next two years, and a declining cost profile. As production increases from 1.65 ounces in 2007 to 2.6 - 2.7 million in 2009, costs are expected to decline, which is unique among senior gold producers.
Kinross maintains a strong balance sheet and a no gold hedging policy. Kinross is focused on the strategic objective of maximizing net asset value and cash flow per share through a four-point plan built on: delivering optimal asset performance; hiring and retaining the best talent and teams; delivering on operational building blocks for the future; and driving future value.
Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
KPMG in Russia and the CIS has been the fastest growing practice in KPMG worldwide for the last three years with growth in 2007 of 57%.
It numbers amongst its Audit, Tax and Advisory clients most major Russian businesses.
KPMG has had a permanent representation in Moscow since 1990 and has operated through a Russian legal entity, ZAO KPMG, since 1992.
In the CIS, KPMG now has offices in Moscow, St. Petersburg, Ekaterinburg, Nizhny Novgorod, Novosibirsk, Rostov-on-Don, Almaty, Astana, Bishkek, Donetsk, Kiev, Tbilisi and Yerevan, employing together nearly 3 500 people.
Manzana Group - is an exclusive partner of Runge, the world's leader in consulting services and software development for mining industry. For more than 30 years company has been offering solutions in mining planning, optimisation of equipment use, financial management and economic analysis. Clients include largest mining holdings in Australia, South Africa, North and South America and Russia.
Specialists in Manzana Group developed, on the basis of Runge and Microsoft software, management system for mining companies. The product offered provides day to day and strategic planning, solutions' effectiveness analysis on different administrative levels.
Creation of united information stream from exploration to economic results maximizes information transparency criteria and efficiency control of a mining company.
This solution allows to improve the quality of management and estimate effectiveness of mining company at all stages, from evaluating possible deposit processing to calculating the market value of a company and investment advisability.
Hatch - is a leading global consulting, engineering, technologies, information systems, procurement, project and construction management, and start-up and commissioning firm. The company is dedicated to three sectors: mining and metals, energy and infrastructure.
The business units and affiliates of the Hatch Group provide a full range of innovative process consulting, technology-driven solutions, technologies and business and technical services through a network of 7,000 employees in 80 permanent offices on the six industrial continents.
Programs and projects under management have an aggregate value in excess of US$20 billion. Fees for 2005 exceeded $1,000,000,000.
Hatch has a reputation for the successful scale-up of process technology, and the implementation of innovative solutions to technical challenges.
