Mines and Money London 2019: Day two round-up

The industry-renowned Mines and Money conference kicked off in London yesterday, confirming its status as Europe’s premier mining investment event with over 600 investors and 150 mining companies of various sizes in attendance during its 17th year in the UK capital.

The 2,000+ strong attendees buzzed around the exhibitor floor and main stage over the course of day one and returned in greater numbers today. Day two kicked off with the TSX Group’s head of business development – global mining, Dean McPherson, delivering a welcome address outlining how Toronto remains the home of global mining financing.

The first big debate of the day focused on the question of whether equity financing is dead in the mining space. A five-star team of experts, including Anglo Pacific CEO Julian Tregor and IBK Capital’s president and CEO Michael White, unpicked the bones of this topic

White struck an optimistic tone, telling the audience: “As we transition from a bear to a bull market in metals and mining, money will return into the sector.” Tregor echoed White’s message, before adding the caveat that quality projects will always drive investment decisions in the sector.

A number of mining chief executives had the opportunity to deliver their latest investor presentations on day two, including TSX-listed Yamana Gold’s executive chairman Peter Marrone. The mining industry veteran focused on Yamana’s diverse gold portfolio across the America’s during his slot on the main stage.

The ever-popular mining pitch battles returned to the exploration theatre at this year’s Mines and Money London, with day two focusing on the base and bulk metals sector. Australian manganese developer Element 25 was chosen as the victor by the audience and judges, taking its place in the final heat tomorrow.

Rounding off the day in the exploration theatre, a panel of experts gathered to debate whether the UK can remain a major mining finance centre in a post-Brexit environment. The panel agreed that while Brexit-related uncertainty has hurt the LSE, there should be no reason why London cannot remain a key finance hub for the mining sector, once market certainty prevails.