In this Industry Bulletin, Avalon Rare Metals Inc.(TSX and NYSE Amex: AVL) ("Avalon" or the
"Company") presents some of the highlights from Avalon's
participation at a series of higher profile events: the Securing Raw
Materials Supply -- Opportunities for German Companies in Chile and
Canada Symposium in Berlin on November 7, the Sustainable Development Technology Canada Cleantech Conference in Toronto on November 9-10, the
7th International Rare Earths
Conference in Hong Kong on November 15-17, and the inaugural Schulich School of Business International Case
Competition on Sustainability in Mining in Toronto on November 25-26.
Schulich School of Business International
Case Competition on Sustainability in Mining - Toronto, Canada
Avalon was a sponsor of the Schulich School of
Business International
Case Competition, held on November
25 and 26. The inaugural competition, focused on sustainability
issues in the mining industry,
was attended by seventeen teams representing
twelve MBA schools from across Canada and the
U.S., including: Queen's,
Dalhousie, Tufts, Simon Fraser, Alberta and
Toronto, Columbia, Carleton, Concordia, Ryerson,
Bainbridge and Schulich. Avalon team members Mark Wiseman, VP Sustainability,
Ian London, Energy and Market
Development Advisor,
Virginia Morgan, Director Communications and
IR, and David Connelly, Avalon Board Member and Chair of
the CSR Advisory Committee,
served as four of the 28 judges
invited from industry and academia. Other sponsors of the events
included Barrick, Goldcorp, Hudbay Minerals, IAMGOLD, Kinross, New Gold, Dundee Precious Metals, Inmet Mining, and Teck.
Competing teams were asked
to propose effective solutions on how legacy environmental and social issues of sites and operations being acquired as part of a larger
merger and acquisition transaction be assessed during the due diligence process,
and then managed
post-merger. The case example
provided was Barrick Gold Corporation's experience with the Porgera Gold Mine in Papua New Guinea.
Mark Wiseman, VP Sustainability noted, "The enthusiasm,
depth of understanding
and dedication that these MBA students have for
sustainability in mining
was inspirational. These leaders of tomorrow will be integral
in championing the adoption of stronger sustainability
practices in the future."
7th
International Rare Earths Conference - Hong Kong
The 7th International Rare Earths
Conference co-hosted by Roskill and Metal-Pages was attended by a
record 350 delegates. Avalon was represented by CEO, Don Bubar and VP Sales and Marketing, Pierre Neatby, and was the sponsor of the two luncheons
providing the Company with a high profile presence. Due to the recent
high prices of rare earths, recycling and substitution were popular
topics. However, even at higher prices, there continues to be a lot of
research on developing new applications or improving on existing
applications using rare earths.
Constantine Karayannopoulos, President
and CEO of Neo Materials, was the keynote speaker. In his remarks, he
commented on how Chinese export quotas are likely to be reduced in 2012
due to unused allocations in 2011, that demand inside China continues to
grow and could represent 70% of world demand in the next few years, and
that magnet demand will resume strong growth when rare earth prices
decrease. He also stated the need for new heavy rare earths producers
outside of China as demand continues both inside and outside China, with
China becoming a future importer of heavy rare earths. He believes there
is need for, and room for, two to three primarily heavy rare earth
producers.
Sustainable Development Technology
Canada Conference - Toronto, Canada
Co-produced by Sustainable Development Technology Canada
("SDTC"), Canada's leading supporter of cleantech
commercialization, and Cleantech Group,
a leading global research firm focused on cleantech
innovation, the SDTC Conference is one of the premiere cleantech events of the year. The focus of the one
and a half day conference (Nov 9 and 10) was on how Canada can lever its
wealth of natural resources with a culture that supports research and
innovation and passion, to drive Canada's clean economy forward.
Ian London, Avalon's Energy and Market Development Advisor,
addressed the 200 delegates at the opening breakfast. Mr. London clearly
made the connection between cleantech
principles and technologies with developing a domestic rare earth supply
chain that could also serve global demand, and how mining can be done in
a sustainable manner. Avalon co-sponsored the event with Royal Bank of
Canada, Innovacorp, Cassels
Brock, and Ontario Centres of Excellence. The
delegate list included entrepreneurs, corporate executives, investors,
trade delegates, and policy makers.
"We were encouraged by the attendees' enthusiasm of Avalon's
participation and their acknowledgement of cleantech's
reliance on rare earths." commented Pierre Neatby,
Avalon's VP Sales and Marketing, "The industry's collaboration
towards realizing opportunities across the supply chain and in
highlighting government's role in mitigating risks and supporting
innovation was inspiring."
Securing Raw Materials Supply:
Opportunities for German Companies in Chile and Canada Symposium -
Berlin, Germany
Avalon was represented at this Symposium hosted by the German
Ministry of Economics and Technology (organized by the Canadian-German
Chamber of Industry and Commerce and the Chilean-German Chamber of
Industry and Commerce) by IR Manager, Ron Malashewski
and Senior Project Geologist, Martin Heiligmann.
The overarching theme of the Symposium related to Germany's concerns as a
major importer of raw materials for its manufacturing sector,
particularly in regard to the security of supply of raw materials.
Emphasis was placed on the technology metals, since Germany is a
significant manufacturer of products in which these elements are used.
Approximately 100 people were in attendance representing a wide
range of interests including industry, academia, research organizations
and government officials. Also in attendance was PDAC President Scott Jobin-Bevans, who presented on mining investment
opportunities in Canada, particularly in exploration.
This Symposium provided an excellent forum from which to hear the
concerns of the German industry and government and to discuss some of the
opportunities for cooperation and collaboration between the two countries
and the related industries. The opportunities include developing closer
relationships and stronger links (e.g. joint-venture partnership,
strategic partnerships, and technology transfer) between raw materials
producers in Canada, and the end users in Germany.
If you have any comments or questions on this article or the rare
earths generally, please do not hesitate to contact Avalon directly at ir@avalonraremetals.com.