With Africa Down Under 2013 wrapping up, Mark Paganin shares his
insights from this year's conference and what he sees as the
key developing trends in the African mining sector.
Mining trends emerging from Africa Down Under 2013
Mark Paganin, Partner, Corporate Advisory / M&A
My observations of Africa Down Under Conference this year, 2013,
I'll give them now but just on the back of this context.
I've been at the conference for the last three or four years,
the market sentiment as we all know is subdued, a more discerning
investor base now, but the ironical part about all this is that the
Australian companies in Africa are a lot more advanced than what
they've ever been; quality projects, quality management and
value creating. So with the focus that a lot of these executives
have had and management and expertise that they've developed,
not only from within their own corporate groups, but from the
sharing of information experienced with other Australian corporates
in Africa. And it's part of human nature I think that when
times are a bit challenging there's a lot more sharing and
frankness about conversations and sharing of that information, for
the benefit of each company; whilst maintaining confidentiality of
course. I see that these companies are very well placed that as
when the equity capital markets and debt markets improve having
said that I've heard some good stories at this conference about
debt provision which is encouraging for the right projects, but as
they recover I think you'll find that they have been quality
assets, better value and a more experienced management, translating
into a diminishing, of course not eliminating risks associated with
these projects. That's what's coming out of this conference
and I think it's been more buoyant than what I thought it would
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