7th lnternational Conference Mineral Resources in Serbia, Belgrade 4 October 2017

Branislav Grbović Regional Director Southern Europe (SE)

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About Amec Foster Wheeler

• Headquartered in London

• Listed on London Stock Exchange (AMFW) & New York Stock Exchange (AMFW)

• Successfully delivered >125 gold projects

• Global organisation, local presence in the Balkan region

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Leader in projects with significant logistical

challenges in remote locations. Mining and minerals processing

expertise across a broad spectrum of commodities. Top-tier position in consulting, materials handling

systems and strong environmental and growing underground

expertise

What we do Mining

Servicing all facets of the project lifecycle, Amec Foster Wheeler provides a comprehensive mineral resource development service

• Strong focus on safety in delivery of projects from concept to commissioning

• Well developed studies capability, from conceptual to definitive

• Strong focus on technical capability and capital efficient solutions

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Our most recent projects and studies in SEE

Amec Foster Wheeler in SEE

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How do we work in regions like SEE?

Examples: Projects in Bulgaria, study in Serbia

AmecFW Off-shore (Perth)

Local Institutes, Uni’s and

Engineering groups

Local Fabrication

shops

Local Construction

groups

AmecFW In-country (Sofia)

Governance and Key Resources, Study & Project Management

Technical Overview

Early works Detailed Design Construction Commissioning

Process Design & Equipment Selection

AmecFW

Local team

Ramp-up

AmecFW Procurement Support QA/QC

Construction Management

Detailed Engineering, Design and Procurement

AmecFW

AmecFW

Local site team Construction

Our approach to Project Delivery

Benefits from working with locals

AmecFW & Client

• Better appreciation of local practice • Compliance with local regulations • Cost competitiveness • Transparency and easier acceptance by local

community

Local groups

• Reviving old & building new capabilities • Access to new business opportunities & new

markets • Reliable partnership with leading global

group

Benefits from mining projects

How should a country expect to gain from the minerals sector and new projects?

• One of the most immediate ways should be through additional employment – both

direct and indirect.

• Mining activity also generates new infrastructure such as roads, railway lines,

electricity supplies, schools, and hospitals that, although provided for the minerals

industry and its work force, can also benefit the rest of the population.

• At the local level, it should contribute to the development of skills and local

businesses.

• Meanwhile the economy as a whole can be stimulated as minerals companies forge

multiple outward linkages – backwards to industries that supply goods and services, or

forwards to industries that process mineral outputs.

• World Bank studies of mining activities around the world suggest that every dollar that a

company spends on a mine generates another US$2.80 elsewhere in the economy

Benefits from mining projects

Although many countries have benefited greatly from minerals extraction, for a number of

reasons others have failed to capitalize on the opportunities brought by mining. The ability to

manage mineral wealth effectively has lagged behind the ability to attract mineral

investment.

• A key challenge for many countries is to develop policy frameworks to ensure that

mineral wealth is captured and creates lasting benefits for local communities and the

broader population. This framework must recognize that production from a specific

mineral deposit has a finite life span; when the mine closes, it is vital that there is

something to show for it in the form of improved stocks of other forms of capital.

• Whether deposits turn out to be a blessing or a curse will largely depend on governments

– on the quality of their institutions, on their capacity to manage these resources well and

use them to catalyse development, and on their interactions with companies, civil society,

and other actors.

• A universal formula for the distribution of wealth within countries is clearly inappropriate.

The choice of formula should be determined by each nation according to domestic

priorities and political systems.

• However, central control of all mineral revenues is unlikely to be appropriate. A proportion

of benefits needs to be distributed through local administrative structures to enable them

to take advantages of the opportunities presented by mineral development and to

prepare for the transition to a post-mineral economy.

Krumovgrad Gold Project, Bulgaria

Krumovgrad Gold Project, Bulgaria

Krumovgrad Gold Project, Bulgaria

Çöpler Sulphide Expansion Project, Turkey

ALTA 2017 25 May 2017

Anagold Madencilik Asset Locations

ALTA 2017 25 May 2017

Çöpler Sulfide Expansion Project Key Project Metrics*

► The project life is 22 years

► Nominal feed capacity 5000 t/d

► POX circuit comprises 2 duplicate autoclave trains with 150% capacity ea.

► POX design 220°C, 3150 kPa.g, 60 mins RT

► Product is gold doré

► LOM head grade 2.76 g/t Au

► LOM Mineral recovery assumption 96.1% Au

► Overall initial project capex estimate USD 744 M

► Process plant and services initial project capex estimate USD 344 M

► LOM sulfide average processing costs USD 31.8/t

► *As per NI 43-101 Çöpler Mine Technical Report June 9, 2016,

► costs Q4 2015 USD

ALTA 2017 25 May 2017

Engineering Challenges Site Location – Autoclave Design

ALTA 2017 25 May 2017

Engineering Challenges Site Location – Autoclave Design

ALTA 2017 25 May 2017

Engineering Challenges Site Location – Autoclave Design

ALTA 2017 25 May 2017

Engineering Challenges Site Location – Autoclave Design

Technical Breakfast: The Çöpler Project

POX in detail Major equipment

© Amec Foster Wheeler 2017. 20

ALTA 2017 25 May 2017

Çöpler Sulfide Expansion Project Site Layout

Technical Breakfast: The Çöpler Project

Project delivery challenges What makes this an exciting project

© Amec Foster Wheeler 2017. 22

► New mining client

► Open book estimate in parallel with design definition

► Contract model changed from EPC to Integrated Management Team

► Site climatic conditions

► Logistics, getting equipment to site

► Istanbul office learning curve, mining project.

GRUYERE GOLD PROJECT

• 7.5 – 8.8 Mt/a gold mine located in the

Yamarna belt of Western Australia’s Eastern

Goldfields

• Engineering commenced Q1 2017

• Site activities commenced July 2017

• Current plant life ~13.5 years

• ACJV contract price ~$300M

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PROJECT OVERVIEW

ACJV is committed to offering employment, training and commercial opportunities for local and Indigenous people and businesses over the life of the Project by adopting an affirmative approach which includes:

• Direct employment through the Contractor’s recruitment department;

• Working closely with Cosmo Newberry Aboriginal Corporation who represent the Yilka people to identify and engage with local Indigenous applicants;

• Transfer of existing Indigenous employees;

• Providing employment and training opportunities to local and Indigenous people both directly within the Contractor and within our subcontractor workforce;

• Engaging Indigenous contractors as suppliers both directly within the Contractor and our subcontractors; and

• Ensuring that any industry specific or on-the-job training provided during the Project incorporates pathways to employment and career pathway options that will extend beyond the life of the Project i.e. possible link to production opportunities. 25

LOCAL COMMUNITY ENGAGEMENT

8. Control System

Programming

5. Hazop Facilitation

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ENGINEERING SUB-CONTRACTS

1. Shop Detailing 2. Dynamic Analysis 3. Fire Services

4. Equipment QA/QC

Services

6. Hazardous Area

Assessments 7. Geotech Analysis

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OPPORTUNITIES FOR WA BUSINESSES

1. Processing 2. Rolling and Pressing of

Plates

3. Handrail and Grating

Supply

4. Machining 5. Surveying

6. Liner Supply 8. Paint Supply,

Galvanising & Painting Contractors

7. Skirts Supply

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OPPORTUNITIES FOR WA BUSINESSES

9. Bolts / Fastener

Supply 10. Non-Destructive Testing 11. Transport

12. Plant and Hire

Equipment 13. Supply & Erect

14. Hydrotesting 16. Surface Treatment 15. Post Weld Heat

Treatment

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OPPORTUNITIES FOR WA BUSINESSES

The project will have opportunities for local subcontractors to provide support in these areas:

1. Overland Poly

Piping 2. Concrete Pumping 3. Waste Collection 4. Soil Testing

5. Logistics 6. Conveyor Belt

Installer 7. Lubrication Lines

8. Requirement for

various different labour skills

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GRUYERE PROJECT

connected excellence in all we do

Thank you!