Celebrating the First 20 Years of the Melbourne Mining Club 2001 to 2021

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Celebrating the First 20 Years of the Melbourne Mining Club 2001 to 2021 20 + 20 Celebrating the first 20 years of the Melbourne Mining Club 2001 to 2021 Inside covers: Oblique perspective of a digital terrain model of Victoria, looking NW from above Bass Strait. Behind Port Phillip and Westernport bays, the uplifted and undulating Central Victorian Goldfields extend north to the flat plains of the Murray Basin.Image courtesy of Geological Survey of Victoria. 20 + 20 Celebrating the first 20 years of the Melbourne Mining Club 2001 to 2021 1 2 “The Melbourne Mining Club is a remarkable organisation that has no Constitution or Articles of Association, no elected Board, no paid-up capital and has distributed a dividend every year. “It is run by a (volunteer) Steering Committee which for the first five years had no Chairman.” Sir Arvi Parbo AC, 11 August 2011 (his closing remark: “I wish I could buy shares in it!”) 3 MMC 20 + 20 book The Melbourne Mining Club is operated by an honorary Foundation Members 20 + 20 – celebrating the first 20 years of Steering Committee as a joint venture between the Minerals Amira Global, ANZ, Arete Capital Partners, BASF, BHP, the Melbourne Mining Club – 2001 to 2021 Council of Australia and the AusIMM. Deepcore Drilling, E L & C Baillieu (Ord Minnett), EMR Capital, EY, GHD, IMARC, Kirkland Lake Gold, KPMG, Mitsui & Co Published in 2021 by the Melbourne Mining Club ACKNOWLEDGMENTS (Australia), MMG, Newcrest Mining, OceanaGold, Orica, Rio The Melbourne Mining Club Principal writer: Martin Summons Tinto, RSM, RTL Mining and Earthworks, Sovereign Hill, St Other writers: Graham White, Rowan Callick OBE, c/o MCA-Victoria Barbara, Weir Minerals, Worley. Chairman’s Supper: Mincore. Barry FitzGerald, Tim Duncan, Richard Morrow and Event safety: Jody Lambden (NOSIC). ABN 21 191 309 229 Corporates (various) Media distribution: Boardroom Media. Level 8, 10-16 Queen Street, Melbourne VIC 3000 Editor: Gavan Collery OAM Government Partner: The Victorian Government. Email: [email protected] Project Managers: Gavan Collery OAM and Jenny Neales Website: www.melbourneminingclub.com Designer: Casey Wong (CORE) STEERING COMMITTEE Telephone: +61 (0) 3 8614 1802 Photo enhancement: Geoff Pinney (3dEscape.com.au) Richard Morrow FAusIMM (Chairman) Printed and bound in Melbourne: White Laws Bindery Sam Street (Deputy Chair) All rights reserved. No parts of this publication may be Photography: Paul Scott (Paul Scott Photography) and Gavan Collery OAM (Founder, MMC Steering Committee), reproduced, stored in a retrieval system or transmitted Carli Adby (UK). Dr Tim Duncan, Adjunct Professor Richard Schodde, in any form by any means – electronic, mechanical, Rowan Callick OBE, Rebecca Irwin, Matt Chambers, Barry photocopying, recording or otherwise – without the written PARTNERS AND SPONSORS FitzGerald, Kristie Batten, Janenie Mohgan, Matthew permission of the publisher and copyright holder. Principal Sponsors Stevens, Simon Jemison (retired May 2021), James Sorahan Every effort has been made to ensure that this book is free (MCA), Brigid Meney (AusIMM). from error or omissions. However, the publisher, writers, MMC Secretariat and Administration: led by Jenny Neales. editors, administrators or respective employees or agents shall not accept responsibility for injury, loss or damage International Advisory Board occasioned to any person acting or refraining from action New York: Robert Kennedy, United Kingdom: Phil Beard, Hong Kong: Sally Cox, China: Peter Arkell. as a result of the material in this book, whether or not such Founding Partners injury, loss or damage is in any way due to any negligent act or omission, breach of duty or default on the part of Life Members Founding Patron Co-Patrons the publisher, writers, editors, administrators or respective Ian Howarth Sir Arvi Parbo AC Hugh Morgan AC employees or agents. Lyn Collins Leigh Clifford AO Copyright ©2021. All rights reserved. All interviews, except for the extract from Sir Arvi Parbo’s address, ISBN: 978-0-6451148-0-5 (hardback) conducted between December 2020 and May 2021. Order of Planned date of publication: August 2021 Cutting Edge Series Australia acknowledgements reflect book publication date. Printed: July 2021 The MMC acknowledges the long-term support of Swann Global, 2001-2018, as a Principal Sponsor. Placement of venue images in this book do not necessarily imply the keynote speaker or speakers featured on that page, spoke at that venue. The purpose of the images is to acknowledge the five venues that have hosted MMC events over 20 years. In order of usage, they are: the Melbourne Town Hall, Plaza Ballroom, Zinc, the Grand Hyatt and Docklands Stadium. View PDF of book 4 Foreword The MMC rapidly built credibility as a unique platform for the latest information and for discussion of key issues – substantially, through two key virtues: it is run with great professionalism and competence, and by enthusiastic volunteers. Leigh Clifford AO (left) and Its Melbourne base has been crucial for its success, affirming the Hugh Morgan AC (right), major role that the city plays on the global mining stage, and co-Patrons, the Melbourne Mining Club communicating that through great media coverage of its events, spreading that message nationally and, in time, internationally. The Melbourne Mining Club started life at an extraordinary time for the global economy. Doomsayers were warning that mining – and The club developed, and has maintained, a truly global perspective. with it, continued Australian prosperity – was inexorably sliding It has hosted large-scale speaker and networking functions in downwards, with technology providing the sole path to the future. Shanghai, Beijing and Jakarta, as well as a series of MMC major events in London. Such forecasts were dashed with the bursting of the dotcom bubble in 2000 and the steady recovery of the mining sector – including It began with 200 people attending luncheon events, growing to through its smart development and adoption of ground-breaking new up to 700 at the magnificent Melbourne Town Hall, addressed by technologies. more than 100 keynote speakers. The highly-popular Cutting Edge Series, launched in 2003, highlights small- and mid-cap companies. Our industry has also become, more clearly, a leader in training and developing new skills, in sustainable development. It supports, The value of the networking that these events generate is across the supply chain, one in 10 jobs in Australia, including today incalculable. In cash terms, surplus funds of about A$900,000 employing over twice as many indigenous Australians than it did have been steered into educational programs in Victoria and when the Melbourne Mining Club began. elsewhere, especially in the Science, Technology, Engineering and Maths (STEM) disciplines. In the financial year ending mid-2020, mining directly contributed 10.4 per cent of Australia’s Gross Domestic Product and produced 60 per Such successes can be attributed in part to the club’s hands-off cent of the country’s entire exports. role with speakers. It does not presume to suggest an agenda for them, but does use the forum to display the high quality of Such great results are not achieved without hard work, brave and leadership that drives our industry. canny finance industry support, and some mis-steps along the way. Here, in this publication, we present 30 of those keynote speakers, The Melbourne Mining Club (MMC) has been there alongside to chart with their modern-day views not only on the achievements and all this – both challenges and achievements. challenges of the past 20 years, but also (intriguingly) of the next We could sense, from our own first involvements, the significance of 20 years. We are sorry that we could not find the space to invite all, the club’s role in the industry’s rise – underwritten by the enthusiastic but we are confident that these gems, representing each of the engagement of that great mining figure, founding Patron the late MMC’s past 20 years, will offer insights to stimulate your excitement – Sir Arvi Parbo AC. and discussion – about our great industry and its future. 5 Contents Speakers (and friends) 2011 – 2021 40 2011 – Diego Hernández 44 2011 – Cynthia Carroll 46 Foreword 5 2012 – Ivan Glasenberg 48 From the Chairman 7 2012 – Nick Holland 50 Speakers (and friends) 2001 – 2010 8 2013 – Ian Smith 52 2001 – Sir Arvi Parbo AC 12 2014 – Mark Cutifani 54 2001 – Barry Cusack 14 2014 – Chuck Jeannes 56 2002 – Hugh Morgan AC 16 2015 – Alberto Calderon 58 2003 – Andrew Michelmore AO 18 2016 – David Harquail 60 2003 – Pierre Lassonde 20 2016 – Mike Henry 62 2004 – Robert Friedland 22 2016 – Graham Kerr 64 2004 – Charles “Chip” Goodyear 24 2017 – Iván Arriagada 66 2005 – Scott Hand 26 2018 – Andrew Cole 68 2006 – Don Lindsay 28 2019 – Elizabeth Gaines 70 2007 – Leigh Clifford AO 30 2020 – Peter Bradford 72 2008 – Owen Hegarty OAM 32 2021 – Sandeep Biswas 74 2009 – Andrew Forrest AO 34 Keynote Speakers – Melbourne 76 2010 – Inés Scotland 36 Keynote Speakers – Offshore 78 Depicts the city or nation where 2010 – Tom Albanese 38 Cutting Edge Series 79 MMC keynote addresses were given. 6 From the Chairman Little did the first wave of Melbourne Mining Club members know This reach has helped establish like-minded clubs across that 20 years after the club’s first luncheon event, we would still the world. The Melbourne Mining Club has a presence and be going strong – globally recognised as a premier forum for the a level of respect across the virtual world, with our world’s resources industry leaders. representatives active in leading global mining forums while embracing the world of social media to meet our mandate of More than 200 people crammed into the Melbourne Town Hall’s providing a forum to promote and discuss the resources Supper Room to hear our first speaker, the late Sir Arvi Parbo AC, sector in general and the Australian sector in particular. deliver a keynote that is as fresh today as it was when delivered in August 2001.
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