Agriprods Forum

2nd Agriprods Forum

25th November 2008

Bishopsgate and Chancery Room
Andaz Hotel, Liverpool Street EC1
(Formerly Great Eastern Hotel)

Registration - 9am
Presentations beginning at 9.30am

Three very interesting companies are presenting at our 2nd Agriprods Forum interspersed with managers of funds specialising in this sector. The first of these is PureCircle, an AIM listed company based in Kuala Lumpur and run by a Russian, Magomet Malsagov. PureCircle has developed a method of naturally extracting Reb-A from the stevia (stevia rebaudiana) plant which is native to Paraguay. There are several related substances that can be derived from the stevia plant, but the best tasting, purest and sweetest of all of them is Rebaudioside-A which produces a substance tasting very similar to sugar, but 200 times sweeter, and has a beneficial dietary effect and - best of all - no calories.

In July long-term contracts were signed with PepsiCo and Whole Earth Sweetener Company for the supply of high purity Reb-A for use in beverages and tabletop sweeteners worldwide under the PureVia™ brand. In addition, PepsiCo and Whole Earth will grant PureCircle an exclusive license to market Reb-A under the PureVia™ brand in certain categories where it will be entitled to all profits. Crucial to this whole deal was the ability of Pure Circle to deliver high quality, consistently-pure Reb-A in the amounts required by such customers worldwide.

Another presenter will be Sunkar Resources which has a phosphorous rock deposit totalling 800 million tonnes which should give it a mine life of just less than 60 years. The deposit is close to surface, so will be cheap to mine and it is close to the farmers of Russia, India and China so demand will be strong. A large-scale, low cost phosphate fertiliser manufacturing operation producing up to 1.76 million tonnes of d-ammonium phosphate per year is envisaged as sulphuric acid and ammonia are available from nearby oil and gas operations. In the meantime the company may generate cash flow by trucking the rock to a suitable plant in Uzbekistan or Russia for upgrading.

Our third company will be Energem Resources which is an African focussed company involved in biofuels, oil and related sectors including logistics and supply to the mining industry in South and Central Africa and development of an up-stream oil exploration asset. The interim results to end June showed a further advance in profits with help from the sale of a 20 % interest in the refined fuel product tank farm and distribution facility in Nigeria to Glencore and improved performance from the Kisumu ethanol plant in Kenya. It has also acquired a 40% interest in Stieglers Gorge Hydro-Electric project in Tanzania and continues to develop its 70% owned jatropha based bio-fuel activities in Mozambique. Energem is actively pursing additional land both in Mozambique and other African countries for growing jatropha.

Fund Managers presenting:

Susan Payne - Emergent Asset Management
Richard Lockwood - New City Investment Managers (CQS)
Chris Armitage - FourWinds Capital Management

To read the review of the 1st Agriprods Forum click here

For further information about presenting or attending please contact
Emma Milton
emma[at]minesite.com

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