The major prizes at the first Mines and Money Asia Mining Awards to honour the top executives and companies in exploration, mining and investment have gone to Australia and Mongolia.

The awards are industry nominated and shortlisted by a panel of international mining experts. They were announced at the 5th annual Mines and Money Hong Kong event on March 22.

Australia’s Indochine Mining took the award for the discovery of the year, with its gold-copper discoveries in Cambodia and the reactivation of the Mt Kare gold-silver project in Papua New Guinea. The company’s chairman Ian Ross said, “This recognizes our encouraging initial gold-copper results from the drilling program in Cambodia as well as the reactivation of Mt Kare.

“I would like to thank the industry for recognizing our projects as standouts and congratulate Mines and Money for hosting such a successful conference,” he said.

The project development of the year went to the Oyu Tolgoi project in Mongolia, owned by Canadian company Ivanhoe Mines.

Mongolia was named the mining country of the year with the development of some world-class projects dominating the industry’s headlines recently. While the mining personality of the year went to Ivanhoe Mines’ chief executive officer Robert Friedland, who’s been instrumental in Mongolia’s emergence as one of the world’s most exciting mining centres.

Sales director of the Mines and Money event series, Pablo Martin, says, “Resources and mining is a very special industry where success does not come without extreme hard work and perseverance.

“Executives and companies recognized at the Asia Mining Awards 2012 have shown their abilities to weather through times of uncertainties and global financial instabilities.  We are proud of their contribution to the industry, and to a larger extent, the sustainable development of our societies through discovery and commercialization of natural resources from around the world.”

Australian company Hunnu Coal took out the award for the best deal of the year, with its Mongolian project listing on the ASX at 20 cents and selling 18 months later for Aus$1.80.

Mines and Money is recognized as a significant annual networking opportunity in world mining, putting explorers and developers in touch with operators and project managers in touch with financiers and technical experts. The series incorporates four events each year held in Beijing, Hong Kong, London and Sydney.

www.minesandmoney.com/hongkong

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