re: diggers & dealers ~ drunks & dreamers...... ......Update from SMH
Dateline July 24
Kalgoorlie full with 1300 diggers and dealers
July 24, 2004
In Kalgoorlie they're chilling the beer and French champagne, the skimpy barmaids are trimming down their costumes - or throwing them away - and residents are bracing for a deluge of miners and investors attending the 12th annual Diggers & Dealers Mining Forum.
This year's bash promises to be bigger than ever, with a record 1300 delegates, including 100 women, lined up and 300 on waiting lists.
For the first time anyone can remember, the three-day forum has been booked out three months ahead of time, organisers say.
With accommodation in Kalgoorlie at bursting point, some punters will find themselves commuting 40kilometres from Coolgardie, where an old motel has been reopened for the event - or 60km from Kambalda, where the pubs are also said to be booked out.
Diggers, however, is much more than a drinkathon. It's all about deals.
Hartleys resources analyst Jonathan Battershill says a lot of miners are making bucketloads of money at the moment, and they're all going to be looking for a bargain.
"There's a lot of cashed up people," Mr Battershill said.
"They may not be looking to purchase anything at the moment, at the top of the market, but people are going to be keen to see what's out there and what's going to be available in six to 12 months' time when things may be a bit quieter."
Despite the buoyant talk, the lead-up to this year's gabfest in Western Australia, which begins on Monday, is feeling the correction in the resources sector since warnings in April that China planned to slow several key sectors of its economy.
Sentiment was further dampened when US Federal Reserve chairman Alan Greenspan later made comments taken as a warning US interest rates would rise rapidly.
The mood last year was very upbeat. This year, people are a little more circumspect.
Analysts have tipped Asia will again feature heavily at the Diggers, with an economic boom not only in China but also in Thailand and South Korea, and signs of Japan emerging from its 12-year recession.
A highlight of the past two Diggers - Pierre Lassonde, the smooth-talking, optimistic Canadian who heads the world's largest gold producer, Newmont Mining - will be missing from this year's event. Newmont, which is to deliver its second quarter earnings in the US on Wednesday, will be represented instead by Australian-based executive Hans Umlauff, who will outline why the giant company remains as bullish as ever on gold.
The line-up of speakers in half-hour slots from 8am to 5pm or 6pm each day includes a mix of junior resource companies, along with multinationals such as Gold Fields, Placer Dome, Barrick Gold, Ivanhoe Mines Ltd and AngloGold Ashanti.
3 Day Program is scheduled (between drinks) as follows:
Programme
Monday 26 July 2004 | Tuesday 27 July | Wednesday 28 July
Monday 26 July
07:30 Registration commences in the Sponsors' Marquee
09:00 Official Opening - Brian Hurley, Forum Chairman
09:05 Address by Dr Roy Woodall AO
09:30 Gold Fields Limited - Craig Nelsen, Executive Vice President: Exploration for Gold Fields Limited and President & CEO: Gold Fields Exploration, Inc
10:00 Resolute Mining Limited - Peter Sullivan, Chief Executive Officer
10:30 Adamus Resources Limited - Hamish Halliday, Managing Director
11:00 MORNING TEA
11:30 Placer Dome Inc. - Geoff Handley, Executive Vice-President, Strategic Development
12:00 Kagara Zinc Limited - Kim Robinson, Executive Chairman
12:30 The Balloch Group - Howard Balloch, President
01:00 LUNCH BREAK
02:00 Newcrest Mining Limited - Peter Reeve, General Manager Corporate Affairs
02:30 Independence Group NL - Christopher Bonwick, Managing Director
03:00 Equigold NL - Glyn Evans, Executive Director
03:30 AFTERNOON TEA
04:00 Portman Limited - Barry Eldridge, Managing Director
04:30 Giants Reef Mining Limited - Joe Ariti, CEO & Managing Director
05:00 Reliance Mining Limited - Paul Chapman, Managing Director
05:30 - 08:30 THE 'PLACER DOME INC. COCKTAIL PARTY' commences in the Sponsors' Marquee
Tuesday 27 July
08:30 Newmont Mining Corporation - Hans Umlauff, Group Executive Operations Support & Development
09:00 Jubilee Mines NL - Kerry Harmanis, Executive Chairman
09:30 Agincourt Resources Limited - Tim Sugden, Managing Director
10:00 MORNING TEA
10:30 Troy Resources NL - John L.C. Jones, Executive Chairman
11:00 LionOre Mining International Ltd - Mark Ashley, Managing Director
11:30 Siberia Mining Corporation Limited - Andrew Forrest, Chairman, Managing Director and Chief Executive Officer
12:00 LUNCH BREAK
01:00 Barrick Gold of Australia Limited - David Tucker, General Manager Business Development and Public Affairs
01:30 De Grey Mining Ltd - Denis O'Meara, Managing Director
02:00 Mincor Resources NL - David Moore, Managing Director
02:30 Oceana Gold Limited - Len Jubber, Chief Operating Officer
03:00 AFTERNOON TEA
03:30 Perilya Ltd - Tim Clifton, Managing Director
04:00 Herald Resources Limited - Terry Allen, Chairman and CEO, Michael Wright, Executive Director
04:30 Harmony Gold (Australia) Pty Limited -Ted Grobicki, Executive Director - Harmony Gold Mining Company Limited
05:30 - 08:30 THE 'GOLD FIELDS LIMITED TRADITIONAL BASH' commences at the Palace Hotel
Wednesday 28 July
08:30 Ivanhoe Mines Ltd - Robert Friedland, Chairman and President
09:00 Consolidated Minerals Ltd - Michael Kiernan, Managing Director
09:30 Reed Resources Ltd - Christopher Reed, Executive Director Finance and Ian Junk, Director
10:00 Australian Stock Exchange Limited - Brendan O'Hara, State Manager
10:10 MORNING TEA
10:40 Croesus Mining NL - Michael Ivey, Managing Director & CEO
11:10 Crescent Gold Limited - Andrew Haythorpe, Executive Director
11:40 Kingsgate Consolidated Ltd - Steve Reid, Managing Director and CEO
12:10 LUNCH BREAK
01:10 Kimberley Diamond Company - Miles Kennedy, Executive Chairman
01:40 Australian Mines Limited - Barry Cahill, Managing Director
02:10 AngloGold Ashanti Ltd - Peter Rowe, General Manager AngloGold Ashanti Australia and Charles Carter, Vice President Investor Relations - US
02:40 AFTERNOON TEA
03:10 Sino Gold Limited - Jake Klein, President and CEO
03:40 Sally Malay Mining Limited - Peter Harold, Managing Director
04:10 Sons of Gwalia Ltd - John Leevers, Managing Director and CEO
06:30 - mid-night THE 'WESTRAC GALA DINNER' commences in the Sponsors' Marquee
10:00 Bus Departs Dinner Venue for Airport to catch QF1099. Delegates catching this flight are to have their luggage at the Venue (secure storage will be arranged).
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