KPMG’s 10
th
Annual Mining Executive Forum
5
A
genda
10:55 am – 11:55 am
Breakout session #1:
One Asset, One View – Next Generation Asset Management
The global mining industry is facing one of the most
challenging business environments it has known for a
long time with declining commodity prices and increasing
complexity in mining operations. Achieving sustainable,
operational improvements in asset management across
the value chain during this time will be critical for mining
organizations to maintain and enhance margins and deliver
long term value to its shareholder. The path to achieving
this goal is a challenging one but can bring significant value
of focused around asset lifecycle based planning, effective
collaboration with equipment suppliers and engineering service
providers and suitable use of integrated technology platforms.
Our panel discussion will explore some of these activities
bringing together the views of a number of mining experts
and leaders in the area of operational excellence in asset
management.
Breakout session #2:
Accounting & Reporting Update
For over 20 years KPMG has conducted a survey of financial
reporting trends in the mining industry, following the evolution
of generally accepted accounting policies. This session will
review the findings from our latest survey of leading mining
companies based on reported results for the 2013 reporting
season. Major areas covered will include impairment, and
non-GAAP measures. We will also include an update on
regulatory issues relevant to both Canadian and SEC filers.
12:10 pm – 1:00 pm
Networking Lunch
1:00 pm – 2:00 pm
Breakout session #3:
Fair Value for Mining Companies
Fair value reporting continues to be particularly common for
mining companies as they move throughout the cycle. After
a number of business combinations in the mid-2000’s, many
companies later impaired their assets to fair value as a result
of declining metal prices and reduced returns. Today companies
are again starting to consummate transactions. In this session,
we will discuss fair value methodologies and approaches to
determining reasonable and supportable assumptions. We will
also discuss areas of focus for both auditors and regulators.
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