In less than two months, Australia’s largest mining event will attract investors with billions in their pockets to Melbourne for four days of learning, unparalleled networking and deal-making at the 5th annual International Mining and Resources Conference (IMARC) taking place in Melbourne from October 29–November 1.
Early numbers are suggesting that over 250 mining companies with a combined market cap of more than $786.2 billion in mining projects will be vying for the attention of investors with a cumulative total of $365.3 billion in assets under management and $7.72 billion ready to invest at IMARC alone.
“We will be matching more than 400 investors with mining projects at IMARC later this year, and if early reports are anything to go by, we’re in for a record-breaking event,” said IMARC event director Anita Richards.
“We are fortunate to welcome mining companies from every area of the sector; from emerging explorers through to internationally recognised majors. As a truly international and commodity agnostic conference, IMARC will be attended by miners from more than 90 countries whose business focus is in everything from aluminium to zinc,” continued Richards.
Part of the world-renowned Mines and Money series, IMARC is one of the industry’s leading international events for capital-raising and mining investment and will bring together thousands of miners, financiers and industry professionals under the one roof at the Melbourne Convention Centre.
Owen Hegarty, chairman of EMR Capital, one of the world’s largest mining Private Equity groups, who will be attending the event, believes that the hype around IMARC only goes to prove that the mining and resources sector generally is on the upwards trend.
“The mining industry is a great gauge of the overall health of the Australian and world economy as it is a leading indicator for strong commodity demand, which in itself points to strong economic growth around the world, especially in developing nations.” said Hegarty.
The sheer size of the mammoth event, which is being held with the support of the Victorian State Government, throws significant weight behind the city’s claim to be the spiritual home of mining in Australia.
“Melbourne is the best city to be in for investing in mining in Australia — if not the world. It is not only the historical and traditional home for mining in Australia, but Melbourne remains a true centre for excellence in mining technology, design and engineering and technical and professional capability generally. There’s nothing in the mining business that you can’t get done in Melbourne.”
“Having IMARC on our doorstep, with some of the biggest names in the business attending the event, only goes to underline those sentiments,” concluded Hegarty.