Day 1

February 14, 2012

Government Policy & Metals Industry Overview

-  State Policy on precious metals
-  New exploration & production in Russia, Uzbekistan, & Kazakhstan
-  Expansion strategies

-  Russia’s regions: under-mined & under-explored
-  M&A and Russian investments in the CIS

- 2012 production plans for the Russian heavyweights– Polyus Gold, Kinross, Petropavlovsk, Polymetal, Severstal, Norilsk Nickel

-  Foreign success stories in the CIS—what can we learn from Alhambra, Centerra, Kinross, Bema Gold, Silver Bear Resources,  Ovoca  Gold and Celtic Resources?

-  Deposits & regions receiving the most attention—Yakutia, Republic of Komi,  Amur, Irktutsk, Magadan and Khabarovsk

-        Large-scale projects: requirements for new project development

-        Innovation & advanced technology in modern mining

-        Update on domestic developments

-        Updates on IPOs in the pipeline: Polymetal, Kamchatka Gold, GV Gold,  Altynalmas Gold, Seligdar, Nord Gold and Zapadnaya Gold

-        Integrating a planned floatation: how to make an IPO an integral part of a gold miner’s business strategy?

-        IPO Rulebook: raising capital; technical & corporate challenges

-        Opportunities & valuations in Kazakhstan & Mongolia

-        Is gold entering a bubble?

-        Precious commodities as an asset class

-        Gold–who is buying it and why

-        Miners: reducing political risk & exposure

-        Russian PR–improving reputation with investors

-        Russian steel industry: key strategies for stable development

-        Ukraine in focus: prospects for the Ukrainian ferrous metals sector

-        Double dip: can Russia avoid contagion?

-        Global industrial output: how high energy prices & a manufacturing downturn impact  industrial metals

-        Commodities prices at a historic high – is it a pricing shift?

-        Non-ferrous supply & demand: what are the supply risks; how robust is demand?

-        2012 and beyond: government policy market forecasts

-        Staying profitable & competitive: challenges & solutions to long-term goals

-        Foreign acquisitions: the best strategy for new markets?

-        High commodities prices versus extreme volatility: benefitting from the boom while hedging against risk

-        Government support: is state policy helping?

-        New steel-making approaches: mini-mills, metal-coating nanotechnologies, & water-conservation

-        Import substitution: which domestic producers are trumping Asian high-quality steel

-        grades?

-        Case studies from key steelmakers: NMLK’s new 3.4 mt Blast Furnace—one-off or icon of modernisation?

-        Ukraine & Kazakhstan: export & production plans, key players’ new investments

-        Cost-cutting: production costs are low—but are further reductions achievable?

-        New investment in production capacity—sufficient to secure future growth?

As China restricts exports, Russia’s Atomic Energy Agency & Kazakhstan’s Kazatomprom discuss joint exploration & production: An analysis of future development of rare earth metals in the CIS

-        China: with a 45 % share of global steel production, China is crucial. Overview of Chinese exports & priorities in ferrous & non-             ferrous metals

-        China & East Asia: as consumers in the global steel & coking coal markets—can Russia seize the opportunity?

-        Investment plans & joint ventures of leading Korean & Indian producers – room to partner CIS players?

-        Ukraine’s rising steel trade with Turkey: with volumes increasing, where do new opportunities lie?

-        Coking coal, iron ore & scrap metals: will price forecasts remain bullish—& demand continue to outstrip supply?

-        Developing new coal and iron ore deposits in the CIS: project-status updates, investment challenges

-        Raw material prices: increased export prices strengthening negotiating position for coal & iron ore producers

-        Automotive and machine-building industries: a look at demand for higher volumes & higher-quality steel

-        Tube & pipe industry development: how the oil & gas boom favours welded, seamless, & non-ferrous pipes?

-        Complex engineering solutions: large-scale modernisation

-        Case study: investing in technological retrofitting of production plants to slash energy costs

-        Technical innovation: how state-of-the-art, intra-plant logistics can increase productivity & boost  product quality

-        Logistics & infrastructure: solving bottlenecks in rail capacity; ensuring stable delivery to clients; securing growth in exports

-        How cost-cutting & improved efficiency can boost company value & secure a lower cost of capital

-        Optimal sources of financing for metals companies

-        Educating banks on the industry’s cycle of continuous investment, modernisation, exploration & development

-        lnstruments & financial structures for financing crucial, large-scale modernisation programmes

-        Capitalising on expert knowledge: industry experts’ in-depth analysis of global developments & pricing

-        Commodities markets in 2012: best-case (and worst) and scenarios

-        Steel: best trading & hedging strategies in uncertain times

-        Copper: as fundamentals & relative scarcity endure, how will the Russian Copper Company’s IPO be received?

-        Aluminium: where the industry stands with overcapacity & high inventories

-        Zinc: how long is the rally likely to last?