David Hofeling Email & Phone Number

Greater Salt Lake City Area

Prepared and developed all financial reports and policies for global copper and coal projects. Coordinated and consolidated annual budgets and quarterly forecast including staffing plans. * Reduced month-end close duration by 50%.* Established Joint Venture billing process for project staff for efficient recovery of costs.* Developed collaborative working relationship with internal and external stakeholders improving decision making. * Developed support cost allocation methodology for global projects division increasing project costing accuracy.* Identified and implemented changes in accounting policy as projects progress.

Kitimat, B.C., Canada

Senior finance representative for an international US$5 billion aluminum smelter project. Responsible for all financial reporting and cash forecasting. Managed and coordinated internal and external audits. Direct management responsibility of Owner’s costs of $500 million. Managed a team of 6.* Saved $5million in Provincial Sales Tax (PST).* Supported Investment Committee project funding requests of $1.5 billion.* Reduced month-end close time by 2 days or 40%.* Significantly impacted the accuracy of Owner’s Cost final cost estimate.* Met all reporting deadlines despite being highly complex foreign currency reporting.* Developed reporting system for Owners Cost.* Developed fixed asset capitalization procedure to maximize accuracy.* Supervised preparation of fixed asset register for new smelter.* Maintained compliance of corporate governance process for major capital projects* Managed risk identification and reporting ensuring an accurate risk profile.* Identified and implemented changes in accounting treatment (capitalization vs. expense) as projects progress.

Greater Salt Lake City Area

Responsible for global finance, governance, compliance, tax optimization and risk management at numerous domestic and international copper and nickel projects. Developed project and commodity related strategies, uniform reporting and budgeting with project Managing Directors and local financial staffs. Performed risk management and reporting. Member of Copper Group Audit Committee. Managed remote team of 4 located in the U.S., Indonesia and Peru.Analyzed joint venture agreements and establish efficient & effective consolidation, reporting, accounting systems and processes for multi-billion dollar projects.*Resolution - Underground copper, Arizona U.S.*Eagle - Underground copper/nickel, Michigan, U.S.*La Granja - Open pit copper, Cajamarca, Peru* Sulawesi - Open pit nickel, Sulawesi, Indonesia * Optimized corporate structure to minimize complex taxation issues; $10’s millions in anticipated savings* Recommended strategies for social and land issues to gain acceptance.* Supported Investment Committee project funding requests up to $500 million.* Developed collaborative working relationship with internal and external stakeholders. * Coordinate and draft investor relation updates for the respective projects.* Advise on organizational structure.* Identify and recommend changes in accounting policy as projects progress.

Superior, Az

Perform full cycle accounting functions for the joint venture with BHP Billiton and several 100% owned corporate entities. Responsible for cash calls to the owners and prepared financial reports and presentations to the JV management committee and community stakeholders.* Applied mining sales tax exemption to mine development costs savings to date approximately $25 million.* Established business systems (SAP) and processes for new legal entity on time and on budget.* Implemented shared services per Rio Tinto standard minimizing local staff and reduced costs $200k / year.* Maintained joint venture governance without breach of contract.* Developed property tax modeling to maximize project NPV by more accurate forecast.* Performed business evaluation and modelling leading to better decisions.* Promoted sustainability within the Copper Triangle.

Greater Salt Lake City Area

Coordinate and distribute accounting activities for 8 Rio Tinto entities utilizing two different software packages among 5 direct reports.* Rapidly built a team of five in a very dynamic environment whilst increasing customer base * Achieved 100% compliance with timely and accurate financial reporting* Built a culture of continuous improvement and customer satisfaction.* Prepared Joint Venture analysis & reporting including cash calls to partners.

Greater Salt Lake City Area

Responsible for Kennecott Exploration financial reporting for the U.S., Mexico and Canada entities. Multiple joint venture agreements requiring earn-in and cash call reporting.* Forensic accounting - re-created two years of accounting for multiple joint venture exploration projects in order to recover $7 million in costs.* Implemented standard joint venture templates for billing and reporting increasing timeliness and accuracy. * Reduced month-end reporting time by 50%.

Greater Elko Nevada Area

Responsible for all mine site accounting functions including payroll and accounts payable.* Implemented JD Edwards – Fixed Assets and General Ledger.* Saved 20% on annual property taxes * Production costing* Metal accounting* Cost accounting