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PWYP-Canada Capacity Building Project Finding Publicly Available Information on Extractive Companies Presented by Kady Seguin  Programme Analyst Publish What You Pay Canada
Workshop Objectives ,[object Object],[object Object],[object Object]
Background ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
PWYP-Canada Capacity Building Project ,[object Object],[object Object],[object Object],[object Object]
Company Portfolios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example: Banro Corporation & Twangiza Mine ,[object Object]
Project Life Cash Flow Summary This table shows the estimated cash flow for the Twangiza mine, which is set to begin production at the end of 2011.  Of particular interest are the total estimated royalty payments and tax payments, along with the estimated net cash flow for the project for a 10 year period.  The relevant information from this table is summarized below. Source:   Revised Technical Report Twangiza Gold prepared by SENET for Banro Corporation: March 24 th , 2011, page 184 Item Total Net Smelter Return Royalty US$ 12 058 000  Royalty on Operating Profit (4%) US$ 32 482 000 Net Cash Flow (after tax & capital expenditures) US$ 692 301 000
Example: Barrick Gold
Manual ,[object Object],[object Object],[object Object],[object Object],[object Object]
Sources of Information on Canadian Companies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],1) SEDAR
What information can be found on SEDAR? Information Instrument Location of Information  Item # Section(s) Environmental, Social & Governance (ESG) Information National Instrument (NI) 43-101 Technical Report Item 5 – Reliance on Experts   Item 6 – Property Description and Location H Item 7 – Accessibility, Climate, Local Resources, Infrastructure and Physiography All sections Item 19 – Mineral Resource and Mineral Reserve Estimates G Item 25 - Additional Requirements for Technical Reports on Development Properties and Production Properties E National Instrument (NI) 51-102 Management’s Discussion and Analysis (MD&A) Item 1.2 – Overall Performance   Item 1.4 – Results of Operation D, G Annual Information Form Item 5 – Describe the Business  5.1.1.K 5.1.4 5.2 5.4 5.4.1.D 5.4.2.D
Payments to Governments (Royalty + Tax Information) National Instrument (NI) 43-101 Technical Report   Item 6 – Property Description and Location G Item 25 - Additional Requirements for Technical Reports on Development Properties and Production Properties F National Instrument (NI) 51-102 Annual Information Form  Item 5 – Describe the Business 5.4.1.C 5.4.11 Contracts National Instrument 51-102 Annual Information Form Item 5 – Describe the Business 5.1.1.J National Instrument (NI) 43-101 Technical Report Item 6 - Property Description and Location C, D Item 25 - Additional Requirements for Technical Reports on Development Properties and Production Properties D Resource and Reserve Data National Instrument (NI) 43-101 Technical Report Item 19 – Mineral Resource and Mineral Reserve Estimates B, G, M Item 25 – Additional Requirements for Technical Reports on Development Properties and Production Properties A, H, G Information Instrument Location of Information  Item # Section(s)
How do I use SEDAR? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How do I use SEDAR? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2) Company Websites ,[object Object],[object Object],Some companies have begun producing site specific CSR reports, although they may not be produced as frequently as company-wide CSR Reports.  Ex. Barrick Gold CSR Report for Bulyanhulu and Tulawaka
3) Filings from Other Listings ,[object Object],[object Object],[object Object]
Filings from Other Listings ,[object Object],[object Object],[object Object]
4) Export Credit Agencies &  International Financial Institutions ,[object Object],[object Object]
 
[object Object],[object Object],Export Credit Agencies &  International Financial Institutions
 
 
 
Using Publicly Available Information on Canadian Companies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives reiterated ,[object Object],[object Object],[object Object]
Questions for Discussion ,[object Object],[object Object],Contact information: Kady Seguin E-mail:  [email_address] Phone number: 1-613-237-6768  extension 8

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Kady Seguin - PWYP-Canada Capacity Building Project Finding Publicly Available Information on Extractive Companies

  • 1. PWYP-Canada Capacity Building Project Finding Publicly Available Information on Extractive Companies Presented by Kady Seguin Programme Analyst Publish What You Pay Canada
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Project Life Cash Flow Summary This table shows the estimated cash flow for the Twangiza mine, which is set to begin production at the end of 2011. Of particular interest are the total estimated royalty payments and tax payments, along with the estimated net cash flow for the project for a 10 year period. The relevant information from this table is summarized below. Source: Revised Technical Report Twangiza Gold prepared by SENET for Banro Corporation: March 24 th , 2011, page 184 Item Total Net Smelter Return Royalty US$ 12 058 000 Royalty on Operating Profit (4%) US$ 32 482 000 Net Cash Flow (after tax & capital expenditures) US$ 692 301 000
  • 9.
  • 10.
  • 11.
  • 12. What information can be found on SEDAR? Information Instrument Location of Information Item # Section(s) Environmental, Social & Governance (ESG) Information National Instrument (NI) 43-101 Technical Report Item 5 – Reliance on Experts   Item 6 – Property Description and Location H Item 7 – Accessibility, Climate, Local Resources, Infrastructure and Physiography All sections Item 19 – Mineral Resource and Mineral Reserve Estimates G Item 25 - Additional Requirements for Technical Reports on Development Properties and Production Properties E National Instrument (NI) 51-102 Management’s Discussion and Analysis (MD&A) Item 1.2 – Overall Performance   Item 1.4 – Results of Operation D, G Annual Information Form Item 5 – Describe the Business 5.1.1.K 5.1.4 5.2 5.4 5.4.1.D 5.4.2.D
  • 13. Payments to Governments (Royalty + Tax Information) National Instrument (NI) 43-101 Technical Report   Item 6 – Property Description and Location G Item 25 - Additional Requirements for Technical Reports on Development Properties and Production Properties F National Instrument (NI) 51-102 Annual Information Form Item 5 – Describe the Business 5.4.1.C 5.4.11 Contracts National Instrument 51-102 Annual Information Form Item 5 – Describe the Business 5.1.1.J National Instrument (NI) 43-101 Technical Report Item 6 - Property Description and Location C, D Item 25 - Additional Requirements for Technical Reports on Development Properties and Production Properties D Resource and Reserve Data National Instrument (NI) 43-101 Technical Report Item 19 – Mineral Resource and Mineral Reserve Estimates B, G, M Item 25 – Additional Requirements for Technical Reports on Development Properties and Production Properties A, H, G Information Instrument Location of Information Item # Section(s)
  • 14.
  • 15.
  • 16.
  • 17.
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  • 19.
  • 20.  
  • 21.
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  • 27.