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International Investor Support - CPR, Due Diligence & Valuations
 
 

Mauritania: 2008
IMC prepared a due diligence report on behalf of the Société Nationale Industrielle Et Minière (SNIM) in order for the company to raise capital to support an expansion project at one of their iron ore mines. IMC reviewed all assets of the company including geology, mining, finance, costs and infrastructure.

Daw Mill Headgear
Daw Mill Headgear

UK: 2008
IMC produced a Mineral Experts Report (MER) for UK Coal, Britain’s biggest coal producer. The report included the calculation of reserves and resources in compliance with IMMM and JORC guidelines, a review of production history, infrastructure, finance, management, manpower and health and safety and a comprehensive study of all open cast coal sites, deep mines and prospective sites owned by UK Coal.  The study encompassed geology, mining practices, mine facilities, coal preparation, environmental issues and detailed maps and plans.

Coal Mine

Russia: 2007 - 2008
IMC were invited by a confidential Client to produce an MER for the company’s coal assets prior to a global offer of ordinary shares in the company on the LSE.  The Consultant reviewed the regional and local geology of the mining areas, the reserve and resource estimates, mine planning and environmental issues.  The Client has ownership of over 30 open cast and underground mines, all of which were individually assessed by IMC in the report.

Verticalnaya Headgear
Verticalnaya Headgear

Ukraine: 2008
Lysander Minerals Corp., a Canadian company, requested that IMC compile an independent assessment of the mine in preparation for purchase from Ukraine Coal Limited through an Initial Public Offering (IPO).  The technical report was produced in accordance with NI 43-101 guidelines as is required under Canadian Law by a Canadian company. The consultant reviewed the reserves and resources, geology, infrastructure and mining procedures.

KVK Energy
KVK Energy

India: 2008
A Competent Persons Report has been prepared by IMC on a coal block in Orissa State, India with the express purpose of validating the resources within the block for inclusion in the admission document to be published by KVK Energy plc.  This report, summarising the findings of IMC’s review, has been prepared, where possible, in order to satisfy the requirements of the AIM Rules for Companies.

Poland: 2008
IMC were invited to prepare a MER in respect of two very large opencast lignite mines as part of a main company listing on the Warsaw Stock Exchange. The mines are located in central and south west Poland. The MER included currently established and operating business units and planned projects and was required as an important part of the Company’s proposed Initial Public Offering (IPO) on the Warsaw Stock Exchange.  The MER was prepared working to the prospectus directives as applied to the UKLA and LSE Main Market.

S. Africa & N. America: 2007
IMC undertook the production of a due diligence review and fatal flaw analysis in support of the potential acquisition of a company with Gold assets in South Africa and North America for a confidential client.

Venezuela: 2006
IMC undertook a due diligence study on a gold deposit in south eastern Venezuela on behalf of a private company based in the UK. The exercise investigated the deposit and the exploration undertaken to date and the quality controls subjected to the project. Recommendations were made to the Client on the best way to move forward on their potential investment.

Czech Republic: 2004 – 2005 
Undertook a due diligence and the production of an independent competent persons report in support of the acquisition of the Karbon Invest Group.

Testing of Longwall Equipment
Testing of Longwall Equipment

Russia: 2003 – 2005
Provided expert opinion to Sokolovskaya Coal Mine in West Siberia for contractual claim management against a supplier of longwall equipment. The consultant’s services included a review of contractual documents, evaluation of equipment capacity and faults of the supplied equipment.

 

Krasnoyarsk, Siberia - Source IMC
Krasnoyarsk, Siberia - Source IMC

Russia: 2005 
Carried out a valuation of the Stoylenski iron ore deposit for a confidential client. Undertook a review of the geology, mining and processing of the deposit with a view to the client wishing to make a decision of whether to proceed with further investment.

Greenland: 2005
Due diligence exercise of a potential iron ore prospect in Greenland. The project was on behalf of a UK based mining company wishing to diversify their portfolio. The Project involved a site visit and the review of documents in Denmark.

Russia: 2005
Due diligence study on the Udokan Copper deposit for a confidential client. IMC undertook a review of the geology, mining and processing of the deposit with a view to the client wishing to make a decision of whether to proceed with further investment.
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International Mining Consultants

International Investor Support - CPR, Due Diligence & Valuations

Over the last 5 years IMC has supported the flotation of mining companies with a combined market capitalisation in excess of £3 billion on the World’s Stock Exchanges, including the LSE, AIM, NYSE, TSX, JSE and the Moscow Stock Exchange. Combining this global understanding with IMC's vast commodity experience further enhances IMC’s reputation as the leading provider of consultancy services in the provision of listing documents.

IMC has a strong reputation for competent person's reports (CPR), due diligence, financial analyses, mineral expert reports (MER), valuations and bankable document preparation as a means to support investors and owners in the sale, acquisition and financing of mining assets.

IMC has experience in a number of reserve/resource classification systems including the Joint Ore Reserves Committee (JORC) Code and has prepared numerous "NI 43-101" compliant documents for companies listed on the Toronto Stock Exchange.

Bucket Wheel Excavator
Bucket Wheel Excavator

Indonesia: 2009
IMC were invited back by PTBA to update the reserve and resource figures for the company’s licence areas on Sumatra.  IMC used the USGS system for reporting and classifying coal resources.  The figures produced were not only used in the Client’s annual report but also for PTBA Publish Capital Market.  The Consultants report also included reviews of PTBA’s business plan and the current mining practices at their open pit sites and one underground operation.

Iron Ore Mine
Iron Ore Mine

Liberia: 2008
IMC undertook an independent appraisal report of a bid made by an international mining company for the acquisition of the assets of the former Bong Mining Company, held by the Government of Liberia. IMC reviewed the bidders profile, previous investments and the authenticity of the claims of technical capability.

Czech Republic: 2007
IMC undertook a MER evaluation of a coal company in the Czech Republic to be included as part of the Client’s preparation for flotation on the LSE main board.  This MER work is continuing, as the Client chose not to proceed due to marketing considerations.

Severstal
Severstal

Russia: 2006
IMC undertook JORC reserve valuations of Severstal’s coal and iron ore operations in connection with a corporate restructuring and in preparation for a listing on the London Stock Exchange.

Ukraine: 2006
IMC were retained to prepare a CPR for a coal mine currently partly owned by the Client as part of an IPO listing on the London AIM market.  The mine is located in the Lugansk region near the border with Russia.

Russia: 2006
IMC prepared a CPR providing an independent professional opinion on four coal mining operations of OAO Raspadskaya in support of a listing on the Moscow Stock Exchange.

Russia: 2004 - 2006
IMC carried out reserve valuations (JORC) for Evraz Holdings coal and iron ore assets in support of the introduction of International Accounting Standards and in preparation for a listing on the LSE. 

Hochschild Selene Site
Hochschild Selene Site

Peru: 2006
Invited by Hochschild Mining Pty to prepare the CPR for a main board listing on the LSE. A multi-disciplinary team assessed silver and gold operations and projects in the high Andes in Peru and in Argentina and Mexico. Reportedly this was the first CPR submitted to the UKLA and returned without technical comment.

Democratic Republic of Congo: 2005 - Ongoing
The consultant is currently advising a private mining company in the DRC on the development and rationalisation of their mining operation. IMC compiled a business plan to attract foreign investment in order to expand the company's operations.
The preliminary stage is currently underway and the consultant, in conjunction with the Client, are approaching a number of financial institutions both within Africa and globally.

Aguas Tenidas Underground Mine
Aguas Tenidas Underground Mine

Spain: 2005 – ongoing
Appointed by potential lenders as an Independent Technical Consultant to carry out a due diligence of the Aguas Teñidas Cu-Zn-Pb project owned by Iberian Minerals Corporation. This work includes a complete technical review of all technical aspects of the project, assistance to the bank to set up a financial model, completion test and monitoring during construction and operation.

Agua Blanca Plant during Construction
Agua Blanca Plant during Construction

Spain: 2004 – ongoing
Appointed by the financing agent (Investec Bank UK Ltd.) as Independent Technical Consultant for the Agua Blanca Ni-Cu-PGM project in southern Spain. Work includes progress monitoring during construction of the 1.8 Mtpa open pit, processing plant, tailings and waste rock storage, water supply and ancillary facilities, to carry out commissioning and completion tests, and to review operating performance and costs on behalf of the banks.

Kazakhmys Office
Kazakhmys Office

Kazakhstan: 2004 – 2005
The consultant was invited by Kazakhmys, the 8th largest copper producer in the world, to provide a Competent Persons Report for the UK Listings Authority encompassing 19 mines, 9 concentrators, 2 copper smelters, a zinc plant, power utilities and a precious metals plant for listing on the London Stock Exchange. The team comprised of 14 specialists encompassing underground and open pit mining engineers, geologists, environmental engineers and financial analysts. The mining activities were located in three distinct areas in Kazakhstan and comprised of 17 copper mines of which 5 were open pit operations, 12 underground operations along with 2 surface coal strip mining operations. The reserves and the resources were evaluated at each of the mines and reported accordingly to international standards. All mining and environmental aspects were reviewed for each operation and a valuation of the company made.

Site Visit of Mutún Iron Ore Deposit
Site Visit of Mutún Iron Ore Deposit

Bolivia: 2005
Assisted Brazilian CVRD to carry out a due diligence of the Mutún iron ore project which had been offered for privatisation by COMIBOL, the state owned mining organization of Bolivia. The due diligence support included the review and advice on documentation available in Bolivia, participation in a site visit, and in the preparation of financial analysis, to define CVRD’s strategy regarding participation in a future bidding process.

USA: 2005  
Undertook the production of an independent competent person’s report in support of the IPO listing on the London Alternative Investment Market (AIM) of a confidential company with two individual mining companies and a number of coal mining operations held within these companies.

Sierra Rutile Mineral Dressing Plant
Sierra Rutile Mineral Dressing Plant

Sierra Leone: 2005 
Contracted by the Delegation of the EC in Sierra Leone to review the process of re-opening of Sierra Rutile Mine under the 9th EDF. Reviewed the refurbishment project with regard to the management of the mine, the technical, financial, and environmental status, and Sierra Rutile Ltd.’s commitment to create of a non profit organisation for the community.