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Over the last 2 years IMC has supported the flotation of mining companies with a combined market capitalisation of almost £3 billion on the World’s Stock Exchanges, including the LSE Main Market and AIM, NYSE, JSE and the Moscow Stock Exchange, further enhancing IMC’s reputation as the leading provider of consultancy services in the provision of listing documents.
The consultant has a strong reputation for competent person's reports, due diligence, financial analyses, valuations and bankable document preparation as support to investors and owners in the sale, acquisition and financing of mining assets with Hochschild, Kazakhmys and Xstrata recent examples of our clients.
Russia, 2007
IMC undertook a MER evaluation of a major Russian Coal Company in preparation for a flotation on the LSE main board. This involved IMC deploying six teams of specialists into the field, due to the large number of mines and other facilities, and their geographic distribution. The MER work is still ongoing, as the Client chose not to proceed for other internal commercial reasons. The revised date for flotation has not been determined.
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. The revised date for flotation has not been determined
Russia, 2006
IMC won a tender to undertake reserve valuations (JORC) of Severstal’s coal and iron ore operations in connection with a corporate restructuring and in preparation for an LSE listing.
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
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 and have compiled a business plan to attract foreign investment in order to expand their operations.
The preliminary stage is currently underway, with the consultant in conjunction with the Client approaching a number of financial institutions, both within Africa and Globally.
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
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 M t/a 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
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.
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.
 - 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 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.
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