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Press ReleaseFrontier Strategy Group Managing Director Alex Gorbansky Discusses Key Trends Impacting the Mining Industry in Africa and Success Strategies for Companies at the 2007 Indaba Mining Conference in Cape Town, South Africa CAMBRIDGE, Mass. – (BUSINESS WIRE) – February 13, 2007 – Frontier Strategy Group Managing Director Alex Gorbansky discussed key trends shaping the mining industry in Africa and success strategies for companies at the 2007 Indaba Mining conference. In an address to ministers, executives, and institutional investors, Gorbansky highlighted the significance of Africa for the mining industry: "Today there is no more important region of the world for the growth of the mining industry than Africa, but the next generation of success stories will require new approaches that account for the transformational changes happening in African mining." Gorbansky highlighted three key trends that companies must monitor and develop proactive strategies around: a rapidly intensifying competitive landscape fueled by new entrants from China, India, and Russia; the potential for a rise in resource nationalism and a leftward shift in some investor friendly regimes; and the future of Anglo American as an independent entity on the continent. Gorbansky stressed the criticality of identifying transition countries ahead of the broader market as a way for firms to capture real upside potential: "Companies must develop a core competency in identifying transition countries to grow their reserves base and production capacity." Gorbansky noted, "For example, firms like Phelps Dodge and First Quantum recognized opportunity in the Congo before the rest of the industry and are now reaping the rewards. Management teams must focus their attention on identifying the next big growth frontier for their organization. The key question is where the next Congo will be and what is the right way for us to enter that market." About Alex GorbanskyAlex Gorbansky is a Managing Director at Frontier Strategy Group and heads the Africa Mining & Energy practice at the Frontier Strategy Group. About Frontier Strategy GroupFrontier Strategy Group is a global consulting and advisory firm focused on the natural resources industries. Key practices include country-entry and growth strategies, M&A advisory, political risk assessments and permitting assessments. The firm is based in Cambridge, Massachusetts, and has offices in New York and Washington DC. Media Contact:
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