36 • Independent technical reports for public disclosure, compliance and IPOs • T echnical reviews for mining finance projects • Privatisation studies • T echnical reviews for mergers and acquisitions • Risk assessments • T echnical assessments and valuations • Due diligence studies • Litigation work as expert witnesses • T echnical audits • Competent / qualified person reports Independent P roject R e vie w Finding f at al fa ws; confrming f orecasts Approac h W e can assist you with acquisitions, equity and project financing, and IPOs, and can provide the intimate knowledge that you need to produce balanced and focused independent reviews and reports. Each project has its own characteristics and unique risk areas, which requires the attention of experienced study managers to efficiently allocate and coordinate resources to produce balanced and focused independent reviews and reports. As an independently owned company with no equity in any project, our impartial advice is widely accepted by the international banking and investment community and a wide range of mining clients. Our experienced consultants are often requested by fnance institutions to conduct due diligence audits of ore reserves, mining assessments and environmental considerations for inclusion into prospectuses for stock exchange listings as well as for sale and purchase agreements, and valuations. W e also act as expert witnesses on mining related litigation issues. W e have been involved with some of the largest mining transactions in the world, including the Katanga mining restructuring, the Harmony/Gold Fields takeover bid, the Kumba Exxaro split, the due diligence of Noranda/Falconbridge assets, the IPOs of Fresnillo PLC and Fujian Zijin Gold, and the dual listing of Sino Gold on the HKEx. Because of our size and geographic spread, we can organise and deploy the required multi- disciplinary teams at multiple sites around the world concurrently and at short notice. This not only reduces costs for the client, but also enables rapid progress on several fronts which is often crucial to meet transaction timelines. W e know what it takes for an independent project review to provide assurance, highlight the areas of risk, and provide clients with the necessary real, defensible project information to meet the standards of the investment community . Aluminium Corporation of China (Chalco) Project: IPO report for listing on Hong Kong and New Y ork stock exchanges. The mining projects were located throughout China. Scope: W e were commissioned to prepare an independent expert report in a format which complied with the listing rules of both stock exchanges. This involved review of data, site visits and reporting on a number of mining projects in China. Outcome: Our report was accepted by the client, their bankers and other advisers and the stock exchanges. Chalco was successfully listed on both HK and NY stock exchanges. Ser vices