The International Council on Mining and Metals (ICMM) has announced today it will hold one of its bi-annual Council meetings in Melbourne. ICMM brings together CEOs of the biggest mining companies, such as BHP, Rio Tinto, Anglo American, Glencore, Codelco and Mitsubishi Materials.
Andrew Mackenzie, CEO of BHP (one of the founding members of ICMM) made the announcement today at the Melbourne Mining Club. The ICMM Council meeting will take place in late October, coinciding with the International Mining and Resources Conference (IMARC 2018) in Melbourne that attracts around 4000 delegates and scores of international government missions.
ICMM represents 25 of the world’s largest mining and metals companies and more than 30 commodity and national associations at the CEO level. Combined, the ICMM companies are valued at more than US$1 trillion and directly employ more than 1,000,000 people around the world, including North and South America, Africa, Europe, Japan, Russia and Australia. The ICMM companies’ major shareholders are the world’s largest investment firms.
This is a commercial coup for Melbourne and further builds this city’s reputation as a world class destination to establish global headquarters and conduct business in a strong AAA-rated economy. Mining is intrinsically linked with this state, with Victorian-based firms accounting for 76 per cent of mining market capitalisation and 83 per cent of mining revenue in the ASX100 in 2016.
Together, the ICMM and IMARC 2018 present an unprecedented opportunity for local companies to promote their talents in the Mining Equipment Technology and Services (METS) sector to global decision-makers gathered in Melbourne.