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JOGMEC’s Financial support Introduction seminar held in Queensland, Australia

March 4, 2015

 JOGMEC(Head Office: Minato-ku, Tokyo, President: Hirobumi Kawano)held a seminar in Brisbane, Queensland for local resource companies and Japanese companies to explain JOGMEC’s financial support for exploration and development on 26 February 2015.
 JOGMEC co-hosted a seminar in Brisbane, Queensland, Australia for local resource companies and Japanaese companies, where JOGMEC gave an introduction of financial support for all areas including oil, gas, metals and coal. This seminar was held as a result of the Memorandum of Understanding that was signed for cooperative and strategic partnership between the Queesnland government and JOGMEC in September 2013.

 Against the backdrop of falling energy resources prices, we received a request from the Queensland government to hold seminar that provided business matching for potential investments and at the same time promoted mining investment from Japan. The seminar also provided the opportunity for local resource companies in Queensland to learn about JOGMEC’s assistance programs and how they could potentially access to this assistance.

 75 people from 51 companies, including member companies for Association of Mining and Exploration Companies (AMEC), Queensland Exploration Council (QEC) and Japan Chamber of Commerce and Industry Brisbane attended the seminar.

 At the seminar, we introduced our Joint Venture (JV) scheme for exploration undertaken with local companies in the metals and coal sectors. JOGMEC also explained that the aim of the financial assistance schemes is to support Japanese companies and outlined the characteristics of schemes that we have in oil, gas, metals and coal sectors.

 After the introduction of JOGMEC schemes at the seminar, there was a panel discussion with 3 local companies (Stanmore Coal, Allegiance Coal and Minotaur Exploration) who have formed JV with JOGMEC. The panel discussion was chaired by Balance Advisory. Each of these companies spoke about the exploration projects that they are progressing and their experience of working with JOGMEC as a JV partner. There was an active Q&A session following the panel discussion.

 The event closed with a Networking reception where many local companies and Japanese companies exchanged opinions and discussed potential business opportunities.


The Seminar

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