16
Dec 2016
Avellana Gold Participated in Mines and Money London International Conference
Participants from 76 countries recently attended the largest mining investment conference Mines and Money London held in the city. Present at the event was Director General of Avellana Gold Brian Savage.
«This format helps us exchange experience with key players on the market, discuss and assess new investment prospects in mining», - Brian Savage said.
During the event the main trends on raw materials market were discussed along with achievements and prospects for strategic investors. Several junior and brownfield projects were presented. A number of companies reported on beginning of exploitation of new gold, silver, non-ferrous and liquid metals deposits in 2016-2017.
Leading strategic investors, investment banks and financial advisors participated in the conference. They discussed current international experience of project financing and the prospects of attracting investment on international stock markets of Great Britain, Canada, Australia and others.
It was the first meeting in three years dominated by a positive atmosphere, bold statements as to attraction of funds for exploration of new deposits, expansion of the geography of investment, chiefly due to Africa and developing markets. Unfortunately, Ukraine in view of the situation with ownership and absence of stable fiscal conditions is still seen as the worst of jurisdictions (in some aspects even worse than such countries as Columbia, Mali, Ethiopia). Georgian, Armenian, Kazakh, Russian and Mongol projects generate a more substantial interest. At the same time this drastically low assessment is not factually accurate and creates significant opportunities for Ukraine to bring about substantial changes already in the next few years.
It should also be mentioned that among the sponsors of Mines and Money London was Ukrainian company UMG founded in 2016 by the largest financial and industrial group in Ukraine – System Capital Management.