On 30 November 2023 ANM Timor-Leste announced the first award of minerals concession areas and Iron Fortune is thrilled to have been awarded 3 concessions. This is a most exciting step not only for Iron Fortune but we also congratulate His Excellency the Minister for Petroleum and Minerals and the President of ANM and his team on all their work in achieving this goal.
We attach several informative links for further details:
LinkedIn post by ANM:
On 20 March 2023 the Minerals Tender 2023 was launched by ANPM, the petroleum and minerals regulatory authority, in Dili, Timor-Leste, and attended by senior government officials and a number of invited Iron Fortune representatives.
On 21 March 2023 Iron Fortune submitted our Pre-Qualification Application to ANPM.
On 17 April 2023 Iron Fortune was delighted to receive notice from ANPM, that our Pre-Qualification Application has been approved. We expect to be only one of a very small number of companies globally to have achieved this milestone.
Iha loron 14 fulan Abril tinan 2023, Iron Fortune hetan konvite atu partisipa iha konferénsia iha Ministériu Finansas, iha Dili ho tema “Papél setór Petróleu no Minerais nian ba Dezenvolvimentu Sosioekonómika Timor-Leste nian”.
Reprezentante sira husi Ministériu Petróleu no Minerais, hamutuk ho instituisaun relevante sira mak hanesan ANPM, IPG, Timor Gap no CMTL mai partisipa iha eventu ida ne ‘e. Partisipantes sira inklui reprezentante F-FDTL, PNTL, no Komisaun Altu sira. VIPs barak mak aprezenta, hanesan hakerek ona iha aneksu ajenda
Partisipa mós husi Reprezentante Inisiativa Transparénsia Indústria Estrativa nian https://e.org/
Iron Fortune felisita Governu Timor-Leste no ajénsia prinsipál sira ba prestasaun kona-ba dezenvolvimentu indústria estrativa modernu no transparente ida.
English
On 14 April 2023 Iron Fortune was invited to attend a conference at the Ministry of Finance Building in Dili themed “The Role of the Petroleum and Minerals sector for the Sustainable Socio-Economic Development of Timor-Leste”.
Representatives from the Ministry of Petroleum and Minerals attended, together with key stakeholder institutions such as ANPM, IPG, Timor Gap and CMTL. Attendees included representatives from F-FDTL, PNTL, and various High Commissions. Many VIPs presented, as outlined in the attached agenda.
Representatives from Extractive Industries Transparency Initiative also attended. https://eiti.org/
Iron Fortune congratulates the Government of Timor-Leste and the key delivery agencies on the development of a modern and transparent extractive industries regulatory framework.
Mary Thompson is travelling to Dili in July and will join an AusTrade delegation hosted by DFAT from 15 -18 July. The delegation will meet with Ministers, regulatory bodies and key business figures and focus on business opportunities in Timor-Leste covering matters including banking and finance, infrastructure development, oil & gas, professional advisory services and supply chain. See Austrade
Ian Sinclair visited Dili and surrounds for the week commencing 17 June to meet with key minerals and resources regulatory bodies, ANPM and IPG, and to consolidate relationships. His trip included a review of developments in the extractive industry with Joe Magno, stretching from Tibar Port west of Dili to the Upper Laclo area where they visited in October 2018.
Ian also met with Mr Roberto Lai from TradeInvest who presented at the Melbourne Business Forum held in March. Roberto invited us to participate in a half day business conference organised by TradeInvest to be held on 8 July 2019 in Singapore, which TradeInvest informed us was borne out of the Melbourne Forum. TradeInvest Timor-Leste sent a number of representatives to the Melbourne Forum. TradeInvest is an Investment and Export Promotion Agency with a goal of facilitating and supporting potential foreign and domestic investment in Timor-Leste. A link to TradeInvest website story on the Melbourne Forum is here.
The directors are arranging a meeting with the representatives of the AIFFP, the Federal Government’s initiative to provide $2b infrastructure funding into the Pacific region including Timor-Leste. The Government has recently announced a $250m 10 year infrastructure funding commitment to the Solomon Islands.
The Australian – Timor-Leste Business Forum was held at the Novotel Melbourne on Collins on 26-27 March 2019.
The Forum was well attended
with representatives from a wide range of industries and received significant support from Timor-Leste delegates including from the Ministry of Finance, ANPM and TradeInvest Timor-Leste.
The Forum was opened by Katherine Ruiz-Avila, Director, Timor-Leste Section from the Australian Department of Foreign Affairs and Trade with the keynote address by His Excellency Abel Guterres, Timor-Leste Ambassador to Australia.
Ian Sinclair presented at the Forum and both Mary Thompson and Ian chaired parts of the Forum, with Mary also acting as a panel member.
On the initiative of Iron Fortune, we are delighted that Informa, the world’s largest business conference organiser, has announced an Australian – Timor-Leste Business Forum to be held at the Novotel Melbourne on Collins on 26-27 March 2019. The Forum was announced by Joe Magno and Ian Sinclair in Dili, Timor-Leste, during the Institute of Petroleum and Geology’s 4th International Geoscience conference in October 2018.
Mary Thompson will be a panel member during the Forum and Ian Sinclair will be a speaker.
Businesses interested in investing in one of the world’s youngest democracies are encouraged to attend.
To register your interest please go to the attached link at Informa.
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On 1 November Iron Fortune director Mary Thompson participated in an “investment pitch” competition at the International Mining & Resources Conference (IMARC) in Melbourne. Five resource exploration companies with interests in Africa, South America, North America and Australia competed for the prize of a free display booth and free passes to the 2019 conference. The conference was attended by over 6,000 people, a record attendance. The companies presenting were allowed only a five minute presentation and one slide. The selection committee, comprising investment specialists from Australia and North America then questioned the presenters. While the competition was won by an African focussed gold exploration company, Iron Fortune was awarded the second prize of “honourable mention”. There was great interest in Timor-Leste from both the judging panel and audience members, and Mary Thompson also used her presentation to announce that on 26-27 March 2019 the first Timor-Leste resources, petroleum and investment focussed conference to be held outside Dili will be held in Melbourne.
On 25 October during the 4th Instituto do Petroleo e Geologica (IPG) International Geosciences Conference, Miss Joe Magno (photographed) was pleased to make an announcement to delegates on behalf of the leading international conference organiser, Informa.
The Australian-Timor Leste Business Forum is being held on the 26-27 March
2019 at the Hotel Rendezvous, Melbourne will allow the Australian business and investment community to gain the latest information on new project and development opportunities in Timor-Leste, including petroleum, minerals and associated opportunities.
For further information please contact: richard.beattie@informa.com.au
