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Minerals & Metals investor event Global mining team 25 April 2012

2

Minerals & Metals investor event

Agenda

15:05 – 15:20 Global mining overview Simon Naylor

15:25 – 17:05 Break-out groups: Global mining team (3x 30 min session)

Global consulting Larry Smith and David Bleiker

Delivering excellence in projects Mal Brown and Duane Gingrich

Going underground Bob Stanlake and Greg Oryall

17:10 – 17:30 Summary and closing Q&A Simon Naylor

17:35 – 18:30 Drinks Samir Brikho, Ian McHoul and

Global mining team

Global mining market Consulting Appendix Going underground Project delivery

3


Break-out sessions (15:25 - 17:05)

Global mining team

Global consulting

Larry Smith, Consulting

David Bleiker, Consulting

Delivering excellence in projects

Mal Brown, Eastern region

Duane Gingrich, Projects

Going underground

Bob Stanlake, Western region

Greg Oryall, Business Development and Strategy



Global mining overview Simon Naylor, Global mining team

25 April 2012

5

Ivanhoe Mines’ Oyu Tolgoi copper-gold project, Mongolia

AMEC is involved in six separate projects associated with the Phase 2

underground expansion of the mine site, which will see a 90,000 tpd

underground mine, concentrator expansion and related infrastructure

added to the currently-under-construction open-pit mine and

concentrator.

Global mining - the market

AMEC’s position

AMEC’s strategy for growth

Agenda


6

Global mining trends – the market

Drivers and trends

Strong fundamentals for the foreseeable future

Long-term commodity demand outlook remains unchanged

BRIC country industrialisation and urbanisation

Chinese growth will continue, but at slower rate than expected in April 2011

Commodity prices remain

robust despite volatile macro

environment

Commodities demand will

evolve as emerging economies

transition from construction to

consumption-based growth

Projected urbanisation (bn of people)


7

Global mining trends – the market

Global trends in mine development

Resources increasingly difficult to access – plays to AMEC’s strengths

Fewer easy-to-produce resources are leading to more challenging, complex

and expensive developments

More remote and riskier locations

More underground rather than surface mining

More logistical infrastructure and environmental controls

Availability of skilled personnel remains a significant resources constraint

Co

nta

ine

d r

ese

rve

s-

1,0

00

t

Underground copper mine development is increasing* Mine development is increasing in riskier locations*

Open-pit

development

Underground

development

*Source: Rio Tinto Brook Hunt, Wood Mackenzie and Global Insight


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AMEC’s position

Strong financial performance

Track record of growth

Minerals & Metals

Revenue 2008–2011 2012 11 EPCM projects currently in process

2011 Awarded Cloudbreak iron ore project (Fortescue Metals),

Australia

2010 Awarded Oyu Tolgoi project (for Rio Tinto), Mongolia

2009 Acquired GRD Minproc:Australia, South Africa, Brazil

2007 Awarded four expansion projects for PotashCorp, Canada

2004 Awarded Phoenix gold project (Newmont), US

2002 Awarded Snap Lake and Victor diamond projects (DeBeers)

2000 Acquisition of AGRA: Canada

1985 Awarded EPCM for Ekati - Canada’s first diamond mine

1960 Worked on the world’s first oil sands mine

1907 AGRA Monenco founded

Revenue (£m)

Minerals & Metals timeline (1907-2012)

(CAGR +27%)


9

One AMEC approach provides full life cycle capability

Top tier position in international consulting

Leading position in North and South American EPCM markets

Leader in harsh environments, remote locations

Profile

AMEC’s position

Minerals & Metals

Market

position

Revenue £510m (2011)

Services Mining consultancy and environmental services, EPCM

services across both open-pit and underground mining

Clients Strong position with medium, small and junior mining

companies; growing position with majors

Offices Australia, Brazil, Canada, Chile, Peru, South Africa, UK, US

Commodities Potash, base metals, gold, iron ore, diamonds, coal, uranium


10

AMEC’s position Portfolio balanced across mining services/activities

AMEC’s consulting expertise is differentiator – positions for EPCM

Consulting &

environmental

Feasibility

engineering Project execution

Asset

management

Decommissioning

& reclamation

Scope of activity >1% of TIC Feasibility engineering

= up to 2% of TIC

EPCM = up to 12% of

TIC

Process plant a a a a a

Utilities & infrastructure a a a a a

Open pit mine a a a a a

Underground mine a a a a a

AMEC scope • Resource estimation

• Mine planning

• Metallurgical studies

• Mineral economics

• Risk assessment &

corporate governance

• Water management

• Geotechnical

• Tailings and waste

rock studies

• Permitting services

• Prefeasibility studies

• Feasibility studies

• FEED

• Execution planning

• EPC / EPCM

• Detailed design

• Project

management

• Construction

management

• Procurement

• Project controls

• Commissioning

• Operations

optimisation

• Debottle-necking

• Enhancements

• Tailings

management

• Tailings

management

• Reclamation

engineering

Out of AMEC’s direct

scope

Construction

Mine operations


11

AMEC’s position

Customer base

Opportunity to further increase share with the majors

AMEC serves customers across the

market from majors to juniors

2011 customers included:

55% of revenues from companies with

market cap < US$60bn and > US$25bn

40% from companies with market cap

<US$25bn

5% from companies with market cap >

US$60bn

Sample customers


12

AMEC’s position

Diversified across commodities and regions

Balanced portfolio - globally

By commodity

“Others” commodities include: rare earth minerals, vanadium, PGM, nickel, molybdenum, silver, coal and oil sands

**Where the project is based

Rest of world includes: Germany, South Africa, Argentina, Zambia, Mexico, DRC

By region**

Minerals & Metals 2011 revenue


13

AMEC’s position

Leveraging combined capabilities

Positioned to take advantage of opportunities across the world

Global mining team - centres of excellence

‘Project lead’ team

Americas

E&I

Australia

Donlin gold Rocanville

potash

Detour Lake gold

Gibellini vanadium

Aurora gold

Santo Domingo copper-gold

Cerro Negro Norte iron ore

Sintoukola potash

Western Range iron ore

Entango

uranium

Langer Heinrich

uranium Moonlight iron ore

Tenke Fungurume copper-gold

Kayelekera uranium

Southdown iron ore

Bungalow iron ore

Macreas gold

Mt Dore copper

Oyu Tolgoi copper-gold

Andash

copper-gold

Kosmurun copper-zinc

Ban Houayxai gold silver

Minerals & Metals - project portfolio

E&I = Environment & Infrastructure

Cloudbreak iron ore

Leeville gold

Resolution copper-molybdenum

Phoenix gold


14

AMEC’s position

Strategy for growth

Geographic expansion in

developing markets

Maintain and leverage position in

established markets

Good opportunity to grow

Expand underground mining

capability

Strengthen mega-project

portfolio (capability / depth) and

leverage AMEC brand

Develop mining infrastructure

capability (port, rail, pipelines)

Grow ‘asset support’ capacity to

service existing operations

Geographic footprint Enhance capability

Top tier position in international consulting

Positioned as a Tier 1 EPCM provider

Leader in harsh environments, remote locations

Future

position


Minerals & Metals investor event Break-out groups

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Break-out rooms

Group stays in room, speakers rotate every 30 mins

1) Green group Snap Lake room

Nic Brooks

2) Blue group

Oyu Tolgoi room

Hisham Mahmoud and Laura O’Neill

3) Red group

Rocanville room

Sue Scholes



Global consulting Larry Smith and David Bleiker, Global mining team

25 April 2012

18

Global consulting

Providing value to clients – and AMEC

700 specialists in geology, open pit and underground mining, process

technology, tailings, waste rock and water management, environmental

studies, social licence and permitting

‘Concept to closure’ services - explore, engineer, sustain and reclaim

‘World-class’ reputation – rarely have to bid for projects

Benefits of consulting to AMEC

Early entry and relationship development in mining project pipeline

Low-cost and low-risk involvement in emerging regions

Gatekeeper of quality of information used in AMEC engineering studies

Strong profit margin

Only world-class engineering firm with a consulting group

Consulting capability differentiates AMEC


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Mining consulting

Geology and resource/reserve estimation

Mine design and production forecasts (underground, open pit)

Metallurgy and process plant engineering

Acquisition due diligence

Risk assessment and corporate governance

Operational improvements

Environmental consulting

Mine waste management – tailings, water

Environmental assessment and management

Water management and treatment

Geotechnical engineering

Permitting

High value skills and services

Global consulting

Combining mining and environmental consulting


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CAP Mineria

Cerro Negro Norte

Iron Ore

Chile

New Gold

New Afton

Copper-gold

Canada

Thompson Creek

Mt Milligan

Copper-gold

Canada

Detour Gold

Detour Lake

Gold

Canada

De Beers

Snap Lake

Diamonds

Canada

Global consulting

Positions AMEC for early entry into project execution

De Beers

Victor

Diamonds

Canada

Votorantim

Cajamarquilla

Lead zinc

Peru

Fortescue Metals

Solomon

Iron Ore

Australia

Barrick / Kinross

Cerro Casale

Copper-gold

Chile

Au Rico Gold

Young Davidson

Gold

Canada

Newmont

Phoenix

Cu-Au

US

Intrepid

Carlsbad

Potash

US

Teck

Andacollo

Copper

Chile

Minera Centenario

Franke

Copper

Chile

BHP Billiton

Escondida

Copper

Chile

PotashCorp

Rocanville

Potash

Canada

Xstrata

Montcalm

Cu-Ni

Canada

Xstrata

Lomas Bayas

Copper

Chile

ArcelorMittal Western Range

Iron Ore

Liberia

Freeport McMoRan

Tenke Fungarume

Copper

DRC

Gindalbie Metals

Karara

Iron Ore

Australia

Newcrest Mining

Telfer

Copper-gold

Australia

Major execution centre

All other execution offices

Projects starting with consulting


http://www.mining-technology.com/projects/detour-gold/detour-gold2.html

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Global consulting

Supporting customer requirements

Expertise in wide range of disciplines

Resource estimation and geostatistics

Underground and open pit mine planning: large scale mining

Process engineering: hydrometallurgy, conventional milling, smelting

Infrastructure: mine and outside of mine, power

Tailings, waste rock, water, geotechnical requirements

Extensive commodity experience

Cu, Au, Mo, Co, Pb, Zn, U, PGM, Ni, Fe, potash, diamonds, coal, industrial

minerals

Industry recognition for specialist technical skills


22

Global consulting

Supporting customer requirements (cont)

Specialised skills

Complex metallurgy, pressure oxidation, large-scale milling

Strategic mine planning and production simulation

Ability and willingness to work anywhere

Strong personnel security and commercial risk management

Suitable bench strength to execute large projects

Strong peer review control of product quality and mitigation of risk

Industry recognition for specialist technical skills


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Client: Barrick Gold / Kinross

Project overview AMEC involvement began with auditing of project under prior ownership (Placer Dome and Bema Gold) and development of NI 43-

1011 technical reports for regulatory reporting, with subsequent report updates

AMEC’s services

Prefeasibility and feasibility studies for Barrick Gold and Kinross after their acquisition of the project

Basic engineering (in JV with Fluor) of a US$6 billion copper-gold mine

Facilities include:

concentrator, leach-CIL-carbon stripping-EW, and doré production

tailings management

onsite infrastructure

port facility including trans shipment and water treatment

concentrate pipeline to the port and water pipeline to site

Work includes trade-off studies of SAG2 milling versus HPGR3, & an examination of SART4 for cyanide & copper recovery

1. Standards of disclosure for mineral projects; 2. Semi-autogenous-grinding; 3. high pressure grinding rolling; 4. Sulfidation, acidification-recycle-thickening

Global consulting - project examples

Cerro Casale copper-gold project, Chile

23 Global mining market Consulting Appendix Going underground Project delivery

24


Leeville gold mine, Nevada US

Client: Newmont

Project overview

Existing operating mine with need for improved infrastructure and expanded production

AMEC’s services

Early works included auditing of resource and reserve estimates

Ventilation and shaft study to determine best solution to mine ventilation constraints and best location for new ventilation shaft

(with sub consultants MVS and Cementation). AMEC mining team’s environmental experts provided assistance on water

management and shaft freezing requirements

Prefeasibility comparison of Kiruna electric trucks to Sandvik diesel trucks for the primary haulage system for the Turf ore zone

Scoping, prefeasibility and feasibility studies (in progress) of replacing cemented rockfill with pastefilling

Study and EPCM services for a new vent shaft, paste backfill plant, and expanded underground haulage operations

Scoping study for expansion of underground mine beyond present infrastructure


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Phoenix gold project, Nevada US

Client: Newmont

Project overview

A US$339 million, 33,600 tpd gold-copper project including crushers, conveyors, SAG/ball mills, flotation, gravity recovery and

cyanidation, concentrate dewatering, tailings hydro-separation, thickening, cyanide leach/CIP, cyanide destruction, carbon acid

wash/strip/regeneration, EW, etc

Project auditing, resource estimates, mine planning and process studies for the previous owner (Battle Mountain Gold)

AMEC’s services

Feasibility study for new mine and mill after acquisition by Newmont

Services includes process optimisation, update of feasibility study – went on to include EPCM

Highlights

First gold pour one month early

Multiple projects for Newmont


26


Snap Lake diamond mine, NWT Canada

Client: DeBeers

Project overview

Geology, resource estimates, bulk sampling studies and trade-off engineering studies for the original junior company owner

(Winspear Resources)

AMEC’s services

Initial scoping and trade-off studies for DeBeers after acquisition

Detailed feasibility study

Went on to include EPCM services for the 3,150 tpd, C$997 million project:

underground mine

process plant

paste plant and backfill

water treatment

roads, airstrip and utilities


27

Global consulting – project examples

Victor diamond mine, Ontario, Canada

Client: DeBeers

Project overview

A new, remote, C$1billion open-pit diamond project

Site facilities include an open-pit mine, processing plant capable of treating 2.65M tpy workshops, warehouse, offices, fuel

storage, pit dewatering system, processed kimberlite storage, accommodation complex and airstrip

AMEC’s services

Early work included auditing of third-party prefeasibility and feasibility studies

Technical assistance for open pit mine design and mine planning

Environmental studies, permitting and EPCM services

Highlights

Completed nine months ahead of schedule

Challenging remote environment



Delivering excellence in projects Mal Brown and Duane Gingrich, Global mining team

25 April 2012

29


What do customers expect?

‘Hard’ measures Requirements Enablers

Zero injuries and incidents Proven HSE programme

and processes

Processes, People

On time Schedule and risk

management processes

Systems, Processes

On budget Cost management

processes and systems

Systems, Processes

Project ramps up to full

production as specified

Technical capability

QA programme

People, Systems

‘CERTAINTY’

Global mining market Consulting Appendix Going underground

AMEC’s common tools and processes drive consistent delivery

Project delivery

Delivering projects on time, on budget without hurting people or the

environment

30


What do customers expect?

‘Soft’ measures Requirements Enablers

Clear communications Customer focus People

Up-to-date information Systems to sort data into

Information

Systems, Processes

Senior management

commitment and

involvement

Corporate sponsorship

People

Proactive decision making Managers and leaders

People

Sufficient, competent

resources

Attraction, retention and

training

People

AMEC’s global team supports strong customer relationships


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What is required to deliver customers’ expectations?

Processes & Standards

- Proven

- Fit for purpose

- Reliable

•Project management plans

•Beyond Zero

•Peer reviews

•Standards/manuals

Systems & Tools

- Integrated

- Scaleable

- Flexible

•Convero

•SharePoint

•Engineering systems

•Safety systems

People

- Effectively led

- Trained

- Motivated

- Skilled

•AMEC Academy

•Sponsorship

•Technical depth

•International mobility

•Recruitment programmes


32

Project delivery - project examples

Western Range iron ore project, Liberia

Client: ArcelorMittal

Project overview

US$1.2 billion open-pit iron ore project

Collaborative execution between Toronto and Johannesburg offices

Project scope

Scope of project includes a concentrator near Yekepa to process 23 million tpy of oxide ore and 29 million tpy transition ore; a

port facility at Buchanan; and a 240-km rail line linking the two

AMEC’s role involves full EPCM following completion of study work

Highlights

Collaboration – integrated delivery across continents

Expanding into new location with existing client


33


Rocanville Potash expansion project, Canada

Client: PotashCorp

Project overview

C$2.8 billion potash mine expansion

Scheduled to complete in 2013, and on schedule

Project scope

EPCM of a new mill adjacent to the existing operation that will increase production from 2.7 million to 5.4 million tpy, a new

300,000-tonne storage warehouse, shops and offices

Highlights

AMEC delivered 1 million hours of engineering using work-share with three offices

Completing EPCM delivery with no interruption to current production

Developing strong client relationship through repeat business


34


Cloudbreak iron ore project, Western Australia

Client: Fortescue Metals Group

Project overview

Cloudbreak is an iron ore mine located in the Pilbara region of Western Australia. It commenced production in 2008.

The ore processing facility is being upgraded to include a ‘wet-front end’ and ore wash plant.

Project scope

Project scope is to add a wet area handling facility to an existing dry handling iron ore plant (Cloudbreak)

EPC contract for AU$250million (reimbursable)

Project being undertaken as a JV with Kiewit Australia (provide construction)

AMEC’s principal role comprises engineering, procurement of equipment, site support and commissioning

Highlights Reimbursable EPC contract; currently 35% complete - on budget and on original schedule (Sept 2012 completion)



Going underground Bob Stanlake and Greg Oryall, Global mining team 25 April 2012

Underground at Kidd Mine, Canada

36

Going underground

What is driving underground mining?

Declining ore grades from

open-pit mines

Technology improvements

Mass mining via block cave

Copper grades are declining Copper discoveries have greater depth

Mining methods are becoming more complex and technically challenging

Global mining market Consulting Project delivery Appendix Going underground

Blind = deep

37

Ca

pita

l (U

S$

mill

ion

20

10

)

Production rate (tpd)

Going underground

Underground mining is capital intensive

Underground mines require higher capital costs than open-pit mines,

particularly with block caving mines

Block caving method yield large production rate

Source: Rio Tinto

Opportunity for engineering companies with relevant skills

Capital costs and production rates of seven underground mines


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Going underground

Why is AMEC going underground?

Resource model

Mine design

Geotechnical

Water management

Process plant

Resource model

Mine design

Geotechnical

Water management

ore ore

Underground mine services Open-pit mine services

EP

CM

Se

rvic

es

Contract management of shafts & development

Design of underground engineering systems

Ventilation

Power

Water

Crushing

Materials handling

Maximising the growth opportunity

Infrastructure, process plant etc Infrastructure, process plant etc

Co

ns

ult

ing

serv

ices

Additional

opportunity


39

Underground - project examples

Oyu Tolgoi copper-gold project, Mongolia

Underground ventilation

work at Oyu Tolgoi

Client: Ivanhoe Mines / Rio Tinto

Project overview Greenfield copper-gold project with a planned 90,000 tpd block-cave underground mine

The world's largest undeveloped copper-gold project

Remote landlocked site, extreme weather, limited infrastructure and water

Project scope Delivering underground services from multiple offices

• Feasibility study of the Hugo North underground deposit, using block caving methods

• Integrated development and operating plan report management for the underground expansion

• Detailed design and construction management support for

• #1 vent raise

• underground primary crusher

• shaft #1 underground workshop

Highlights Collaborative approach (100+ people in Australia, Canada, China, Mongolia, US)


40


Leeville Turf gold project, US

Underground surveying at

Leeville

Client: Newmont

Project overview Underground gold mine expansion of a 420,000 ounces per year operation

Project scope Geology, resource and reserve audits

Front-end studies and EPC services for:

• new vent shaft

• expanded underground haulage operations

• paste backfill plant


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Resolution copper-molybdenum project, USA

Resolution ore body model Client: Rio Tinto / BHP Billiton

Project overview

Greenfield copper-molybdenum project with a planned block caving underground

mine, including a 3-km ramp to surface and an 11-km overland conveyor

In 2021, at full production, the project is expected to produce more than 1 billion

pounds of copper per year, accessed from nearly 7,000 feet below the surface

Project scope

Front-end studies of the underground ore transport system, surface and

underground electrical infrastructure, surface primary crusher, and underground

shaft logistics

Prefeasibility study management for underground expansion



Summary Simon Naylor, Global mining team

25 April 2012

43

Break-out group summary

Technical skills and project delivery excellence

AMEC has a leading and differentiated position

Consulting is a differentiator for AMEC

Industry recognition - specialist technical skills

Visibility - front end helps position for project execution (EPCM)

Global project delivery capability is key

Understand customer requirement

Common tools and processes

One integrated team - globally

Future of mining is underground

Increasingly complex and capital intensive

Customers seeking integrated solutions

AMEC’s specialist skills and project delivery capability provide this support


44

Summary

Minerals & Metals

Opportunity for growth to 2015 and beyond

Minerals & Metals is a growth market

Structural drivers remain strong

Increasing complexity and challenging environments

AMEC has a track record of growth

Strength of customer relationships

Supported by balanced portfolio across services, commodities,

basins/regions

Opportunities for growth to 2015 and beyond

Customers: continue building position with majors

Capabilities: mega projects, underground mining, asset support

Geographies: leverage existing position and build in developing

markets



Appendix

46

Simon Naylor has led the growth and successful development

of positions in the core market sectors of Mining, Oil & Gas and

Oil Sands. Since joining AMEC in 1993 he has worked across

the project life cycle; from consulting to engineering and project

management and his experience includes project development,

asset support, strategy, customer relationship management and

operations leadership


Appendix

AMEC’s global mining team

47

David Bleiker is a water and environmental consultant. He

joined AMEC in 1997 and has nearly 20 years of consulting

experience integrating geotechnical, waste management, water

management and geo-environmental expertise

Larry Smith is Vice President, Consulting. He joined AMEC

in 1998 after working in global mineral exploration for major

Australian and North American mining companies


Appendix


48

Mal Brown is President Eastern region. Mal was previously

CEO of GRD Minproc

Duane Gingrich is Vice President of Projects. Duane joined

AMEC in 2005 following several years working on international

and domestic mine developments projects. Duane has

contributed broadly to the on-going advancement of the AMEC

Way of project delivery


Appendix


49

Appendix


Bob Stanlake is President of the Western region. He is a

metallurgical engineer with 40 years experience in the resource

sector. He has been with AMEC for over 15 years in various

capacities in the Minerals & Metals sector

Greg Oryall is Vice President, Business Development and

Strategy. He has been with AMEC for more than 15 years in

various operations management roles within the Minerals &

Metals sector


50

Appendix

AMEC’s position - what we do

Ore trucked

from pit

Crushing

Tailings

Flotation &

Regrind

Mill

Concentrate

Transport

Smelter/

Refinery

Market

Operating

Mine

Mining activities

Consulting Appendix Going underground Global mining market Project delivery

51



BHP Billiton

Orebody 25

Iron Ore

Australia

MMX

Serra Azul

Iron Ore

Brazil

Crosslands Res.

Jack Hills

Iron Ore

Australia

Fortescue Metals

Cloudbreak

Iron Ore

Australia

Newmont

Long Canyon

Gold

US

Rio Tinto/Ivanhoe

Oyu Tolgoi

Copper-gold

Mongolia

Appendix

AMEC’s major study phase projects

Grande Cache Coal

Grande Cache

Coal

Canada

AngloGold Ashanti

Gramalote

Gold

Colombia

Bamin

Pedra de Ferro

Iron Ore

Brazil

AUX Colombia

El Gigante

Gold

Colombia

Gold Fields

Chucapaca

Gold-silver

Peru

Grange Resources

Southdown

Iron Ore

Australia

Newmont

Leeville UG

Copper-gold

US

Barrick

Arturo

Gold

US

Western Potash

Milestone

Potash

Canada

BHP Billiton

Regina

Potash

Canada

Minera IRL

Ollachea

Gold

Peru

Candente Copper

Cañariaco

Copper

Peru

Newmont

Yanacocha

Gold-silver

Peru

Rio Tinto

La Granja

Copper

Peru

Capstone Mining

Santo Domingo

Iron ore-copper

Chile

Rio Tinto

Resolution

Copper

US


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52

CAP Mineria

Cerro Negro Norte

Iron Ore

Chile

New Gold

New Afton

Copper-gold

Canada

Thompson Creek

Mt Milligan

Copper-gold

Canada

Detour Gold

Detour Lake

Gold

Canada

De Beers

Snap Lake

Diamonds

Canada

Appendix

AMEC’s major execution projects

De Beers

Victor

Diamonds

Canada

Votorantim

Cajamarquilla

Lead zinc

Peru

Fortescue Metals

Solomon

Iron Ore

Australia

Barrick / Kinross

Cerro Casale

Copper-gold

Chile

Northgate Minerals

Young Davidson

Gold

Canada

Newmont

Phoenix

Copper-gold

US

Intrepid

Carlsbad

Potash

US

Teck

Andacollo

Copper

Chile

Minera Centenario

Franke

Copper

Chile

BHP Billiton

Escondida

Copper

Chile

PotashCorp

Rocanville

Potash

Canada

Xstrata

Montcalm

Copper-nickel

Canada

Xstrata

Lomas Bayas

Copper

Chile

ArcelorMittal Western Range

Iron Ore

Liberia

Freeport McMoRan

Tenke Fungarume

Copper

DRC

Gindalbie Metals

Karara

Iron Ore

Australia

Newcrest Mining

Telfer

Copper-gold

Australia



Projects where AMEC executed preceding phase


http://www.mining-technology.com/projects/detour-gold/detour-gold2.html

53

Appendix

AMEC’s position - competitive landscape

Source: websites; * includes environmental, socio economic resource evaluation and mine planning; ** includes pre-feasibility studies and feasibility studies; *** Client’s Total Investment Capital

AMEC’s consulting expertise is differentiator – positions for EPCM

Competitor Core

geography

Consulting &

environmental*

Feasibility

engineering**

EPCM Asset

management

Fluor International ▲ ▲

Bechtel International ▲ ▲

AMEC International ▲ ▲ ▲ ▲

Hatch International ▲ ▲ ▲

SNC Lavalin International ▲ ▲ ▲

Worley Parsons International ▲ ▲ ▲

Jacobs International ▲ ▲ ▲

Ausenco International ▲ ▲ ▲

SKM International ▲ ▲

Lycopodium Regional ▲ ▲

M3 Regional ▲ ▲

Wardrop Regional ▲ ▲

<<1% TIC*** Up to 2% TIC Up to 12%

TIC

Tier 1

Tier 2

Tier 3


This analysis is indicative and is not intended to represent the entirety of the market and AMEC’s competitive position

54

Appendix

Recent contract announcements

Capstone Mining – Santo Domingo iron ore-copper project, Chile

Fortescue Metals Group – Cloudbreak iron ore project, Australia (in joint venture)

Ivanhoe Mines – Oyu Tolgoi copper-gold underground mine, Mongolia

Candente Copper Corp – Canariaco copper project, Peru

CAP Mineria – Cerro Negro Norte iron ore project, Chile

Crazy Horse Resources – Taysan copper-gold project, Philippines

Au Rico Gold – Young Davidson gold project, Canada

Detour Gold – Detour Lake gold project, Canada

Thompson Creek Metals Company – Mt. Milligan copper-gold project, Canada (in

joint venture)


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