Accounting & Reporting for Mining
Successfully Navigate the Changing Landscape and Prepare for Incoming Standards
April 3 and 4, 2012
Optional Workshops: April 5, 2012
TORONTO, ONTARIO
CURRENT RELATED EVENTS
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Optional Workshop Program Agendas
Thursday, April 5, 2012
9:00 - 12:00
Workshop One
Transitioning from E&E to Production: How Accounting and Reporting Changes at Each Stage
Dan Ricica, Senior Manager, KPMG
Heather Cheeseman, Senior Manager, KPMG
Junior mining companies can find the transition from exploration and evaluation to development and production extremely challenging. Accounting standards change dramatically at each stage. Learning how to predict when these changes will occur and identifying where you will see the trigger points can make the transition go much more smoothly. This workshop will prepare you for what is to come using practical, hands-on examples and case studies.
- Intensive overview of everything you need to be prepared for when your company makes the transition from E&E to production
- Learn in advance what happens at the development and production stages
- Identifying the trigger points where accounting standards change
- Predict and prepare for when standards change
- What you need to know about transitioning under IFRS 6
- Make effective and efficient use of share-based tools
- Practical guidance for share-based compensation
- How to account for flow-through shares
- Learn from practical step-by-step examples and real-world case studies
 Dan Ricica has over nine years experience working in the mining industry with a focus on South American based clients including Kinross Gold, Yamana Gold, Jaguar Mining, Anglo American, and VALE. He recently returned from a 2-year secondment to KPMG Brazil. Dan has served as lead senior manager on a large variety of Canadian and SEC registrant mining clients. In addition, he has acted as project lead on a significant number of special engagements in the mining industry, including comparing mine site accounting policies and internal control advisory, IFRS conversions, financial due diligence, reviewing financial valuation mine models, as well as a large amount of work in prospectus share and debt offerings in both Canada and the United states.
 Heather Cheeseman specializes in the mining industry and has been involved with Canadian public clients, SEC registrants and South African companies, at both the operational and corporate levels. In a public accounting role, Heather has had experience with many issues that are relevant to the mining industry, including accounting for business combinations, asset retirement obligations, goodwill and mining asset impairment testing, capitalize vs. expense of exploration and development costs and deferred stripping. Heather has participated in specialized engagements in the industry including SOX advisory projects and ongoing IFRS conversion projects for mining clients, and completed a secondment to South Africa.
1:00 - 4:00
Workshop Two
Risk Management in the Mining Industry
Carol Willson, Associate Partner, Advisory Services, Ernst & Young LLP
Michael Samis, Vice-President, Transaction Advisory Services, Ernst & Young LLP
Zain Raheel, Senior Manager, Fraud Investigation and Dispute Services, Ernst & Young LLP
Risk management has become increasingly important in recent years. The task of managing risk in the mining industry comes with many unique challenges. Our experts will take you through these challenges one-by-one and introduce strategies to help you address them.
- Risk assessment process in the mining industry
- overcoming the challenges faced by mining companies
- common themes and observations
- mining and metals risk radar
- What new risks are emerging
- what risks continue to pose challenges
- how these risks can impact your business
- Risk management strategies
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