WELCOME

Added experience. Added clarity. Added value.

VANCOUVER CALGARY EDMONTON SASKATOON REGINA LONDON KITCHENER-WATERLOO GUELPH TORONTO MARKHAM MONTRÉAL

WELCOME

Added experience. Added clarity. Added value.

VANCOUVER CALGARY EDMONTON SASKATOON REGINA LONDON KITCHENER-WATERLOO GUELPH TORONTO MARKHAM MONTRÉAL

Canadian Capital Market Opportunities for

Danish Mining Companies

Carmen DigesCo-Chair National Mining Group

March 4, 2012

MINING SECTOR IN CANADA IN 20101

• $36 billion contribution to GDP in extraction and processing

• 21% of value of Canadian goods exports

• Top destination for exploration spending worldwide at 19%

1 “F&F 2011: Facts & Figures of the Canadian Mining Industry”, Canadian Mining Association

MINING SECTOR IN CANADA IN 2010 CONT’D2

• 3,215 suppliers to the mining industry in Canada

• Several thousand mining companies have their offices in Canada

2 Ibid.

INNOVATION IS A PRIORITY

• $548M spent by Canadian mining companies on R&D3

• 8,400 R&D workers4

• tailings management

• automated mining

• CSR

• World recognized standards for technical reporting

3 Ibid.4 Ibid.

CANADIAN MINING FINANCE5

• Toronto = global hub for mining finance

• TSX handled 88% of global mining equity transactions 2005-2010

• Planned investments for Canadian mining projects: $136B by 2020

5 Ibid.

CANADIAN MINING FINANCE CONT’D

• 58% of public mining companies in the world = TSX listed (353 companies)6

• $416B in mining stock traded on TSX in 2010

• TMX Group total market cap, January 2012 was over $2T7

6 Ibid.7 TMX Group Consolidated Trading Statistics, June 2012

CANADIAN MINING FINANCE CONT’D

• Canada: unique place in the mining world due to prevalence of risk capital markets since early 20th century

• TSX Venture exchange continues that legacy

– 1,178 mining companies listed on TSX V in 20108

– CPC program also contributes to health of junior markets

• 8 CMA, ibid.

CANADA’S PLACE IN THE GLOBAL MINING FINANCIAL CONTEXT9

• 11,000 public finances globally 2005-2010

• 83% handled in Canada

• #2 exchange, London relies on 3 companies for much of its mining capitalizations

• Listed Mining Companies (end of 2010)

9 Ibid.

TMX 1,884 ASX 666 AIM 145

REASONS TO CONSIDER CANADA IN YOUR MINING PLAN

1. Resource rich country with lengthy and developed mining history

2. Supportive government, industry and infrastructure

3. Experienced technical and financial sectors

4. World class mining finance potential

5. Deeply experienced capital markets

6. You’re in good company!

www.millerthomson.com

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