4th Annual Mines and Money Hong Kong 2011
Hot topic: Benefits of listing a resource company on HKEx
HONG KONG (14 February 2011) – Due to the recent introduction of new listing rules for mineral companies in Hong Kong, discussion of the benefits of listing on the Hong Kong Exchanges and Clearing Limited (“HKEx”) is likely to be a key talking point for the 1500+ miners and investors attending this year’s Mines and Money Hong Kong Conference and Exhibition.
Eric Landheer, newly appointed Head of Issuer Marketing at the HKEx and former Head of Asia Pacific at the NASDAQ OMX Group will be participating in the conference to update delegates on the development of Hong Kong as a centre for capital raising.
HKEx defines mineral companies as those whose major activity is the exploration for and/or extraction of natural resources. Listed issuers that complete a major acquisition of mineral or petroleum assets will also be classified as mineral companies.
HKEx introduced the new listing rules in an effort to align its rules with global standards and ensure that mineral companies listed in Hong Kong provide investors with relevant and reliable information.
As Hong Kong is developing into a key listing and fund raising centre in Asia for miners, the Mines and Money conference is an important annual forum to discuss mining companies’ capital market strategies in Asia.
Mines and Money Hong Kong has a history of attracting a number of institutional investors as well as mining companies and service providers.
“Prior to this event, I’d never really seen a mining conference in Asia succeed in terms of appealing to institutional equity investors,” says Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (SEHK: 1878; TSX: SGQ) and former Head of Metals and Mining Investment Banking, Citigroup Asia. “This conference is becoming quite unique in terms of being the one in the region where miners can connect with real providers of capital,” he said.
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