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Day One 18th November 2008
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9am | Special guest chairman’s opening remarks
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| THE BIG PICTURE – PLATINUM MARKET OVER THE NEXT FIVE TO TEN YEARS |
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9.20am | Looking at South Africa’s political and macro-economic surroundings
- What can be expected from the current economic climate
- How supportive is the current government of the mining industry
- Examining the domestic security situation
- South Africa in the context of its neighbors
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9.40am | Understanding the stability of the political situation in Southern Africa – the impact on long term investor confidence
- The impact of changing political landscapes
- The impact of changing legislation (mineral rights, Black Economic Empowerment, royalty legislation, etc)
- Suggestions for improving investor confidence
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| | Mr Bruce Shapiro, President, Canada South Africa Chamber of Business & MineAfrica
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| Q&A with our morning’s guests |
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10.10am | Coffee & Tea
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11am | End use implications for PGMs: substitution and or thrifting
- Examining the risk of pushing platinum out of the picture as prices rise
- Uncovering the genuine leaps made in the area
- Are the current levels of demand likely to be affected in the near future?
- What does this mean for platinum, palladium and rhodium?
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| FORECASTING THE FUTURE DEMAND FOR PLATINUM IN INDUSTRY |
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11.40am | The effect of rising energy prices on the auto sector and platinum demand
- Forecasting the environmental legislative environment and how it will impact on the automotive sector
- Examining technological advances emerging from the automotive industry that impact on PGMs
- Where are the key geographical areas of growth for the automotive industry
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| | Dr Jenny Watts, Consulting Technology and Development Analyst, SFA Oxford
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12.10pm | What are the current legal issues for the PGM industry?
- Financial crisis, government renegotiations, fluctuating prices: recognising and dealing with the risks
- What are the key competition issues involved in takeovers in the PGM market?
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| | Jonathan Scott, Partner, London EU and Competition Group, Herbert Smith LLP Rebecca Major, Partner, Paris Energy, Natural Resources and Infrastructure Group, Herbert Smith
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12.30pm | Networking lunch
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2pm | Forecasting the future political and economic environment in Zimbabwe
- To what extent can governmental support for mining projects be expected?
- To what extent can the current government be relied upon to maintain a climate conducive to business?
- How far down the line before Zimbabwe achieves political stability?
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| | Kate Hoey, MP - Chairwoman on all party committee on Zimbabwee, Marketing, House of Commons
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2.30pm | Panel discussion: examining consumer demand from the BRICs and what it means for PGMs
- Demand may be there but are the delivery mechanisms in place?
- In the jewellery market how likely is it palladium demand will increase in the face of high platinum prices
- What is the realistic market potential in the automotive sector?
- How significant a pressure will demand from these markets place on supply?
- Looking at purchasing trends to date - diesel vs. petrol
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| EXAMINING THE IMPACT OF PRICE VOLATILITY ACROSS THE JEWELLERY MARKET |
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3pm | Understanding the demand for platinum and palladium jewellery, to what extent is it affecting price?
- How elastic is the demand for jewellery in the long term?
- To what extent is recycling absorbing the price inflation in the jewellery market?
- Forecasting geographical demand patterns
- Demand in the sector being affected by the credit crunch
- Looking towards consumer trends in the long term
- What will be China’s future role in the jewellery market? Impacts and uncertainties
- The impact of marketing efforts to increase platinum jewellery consumption
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3.40pm | Speed networking followed by coffee and tea
The revolutionary, exciting, and quick way to meet fellow delegates and industry peers in a forty minute session. These brief meetings are the starting point for conversation and networking throughout the conference. This is where long lasting and fruitful relationships begin.
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| JOHNSON MATTHEY INTERIM REVIEW 2008 |
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4.50pm | Keynote panel: implications of the Johnson Matthey interim review 2008
- Implications of the review on the outlook for PGM supply/demand
- Analysing the review – do you agree with the JM forecast?
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5.10pm | Networking drinks reception
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5.50pm | Guest chairman’s closing remarks
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6pm | Networking drinks reception
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Day Two 19th November 2008
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9.10am | Guest Chairman’s opening remarks
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| | Dr Mike Steel, retired Market Research & Planning Director, Johnson Matthey, Precious Metals Consultant
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| PLATINUM MINES SHOWCASE: NEW PLAYERS, NEW INVESTMENT OPPORTUNITIES |
In this specially constructed session a global gathering of CEO-level executives from some of the world’s most exciting mining companies will share with you insights in the future of PGM exploration and production. Here you have the opportunity of questioning them personally on the strategies they use and the operations they direct, to fully understand the investment potential they offer.
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9.20am | An overview today’s mining market
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9.30am | NKWE platinum - Emerging PGM Producer
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9.50am | Anooraq Transformed
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10.10am | Wesizwe: the new name in platinum
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10.30am | Coffee & Tea
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11.10am | South Africa’s next independent PGM producer
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11.30am | Delivering Low Cost Platinum Production
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11.50am | Keynote Miners Panel: how will junior mining companies contribute to the future PGM markets
- Can junior PGM miners really help meet the needs of the global PGM industry?
- What are the biggest challenges facing junior PGM mining companies and how are you reacting to these?
- What do juniors have that make them great investment prospects?
- What qualities should an investor seek in a PGM junior miner?
- What does the future hold for junior PGM companies and those who invest in them?
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| | Moderator: Charles Gibson, Head, Mining research, Edison Investment Research
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12.50pm | Networking lunch
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| CHALLENGES FACING FUTRE PGM SUPPLY |
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2pm | Keynote: Overcoming the big challenges placing stress on supply
- Why is there a platinum supply deficit? And what are the causes?
- Examining the impact of rising energy costs on the price of PGMs
- How will the constraints to power supply affect new projects?
- Overcoming the skills shortage holding back industry development
- Preventing health and safety issues stopping production in South Africa’s platinum mines
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| | Anton Berlin, Head of Department Market Analysis and Development, Norilsk Nickel
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2.30pm | To what extent can recycling and reuse fill the supply gap
- What type or regulations / incentives will have to be put in place to ensure a significant and steady supply?
- Incorporating recycling into existing operations
- Examining the potential returns
- Looking towards engaging the mainstream to encouraging recycling
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| | Serge Gambs, Head of Marketing and Sales Refining Division, Metalor Technologies SA
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| STRATEGIES AND VECHICLES FOR INVESTING INTO THE PGM MARKETS |
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3pm | A fund manager’s perspective on achieving long-term investor returns from the PGM markets
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3.30pm | Gaining direct exposure to platinum through ETFs and ETCs
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| | Franz Gorres, Head of Distribution Investment Funds, Zurcher Kantonalbank
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4pm | Closing keynote panel: PGMs as an asset class – short term fad or sustained interest and where are we in the investment cycle?
- Should investors still look at platinum as a viable asset class, or are they more promising commodities on offer?
- What types of investors are now investing into the PGM markets and what impact are they having on existing market dynamics?
- Equities, hedge funds, ETFs, what investment vehicles are now on offer to investors looking for platinum exposure?
- Direct or indirect? Long or short? Is there a proven success story of investing in PGMs?
- Where will investors put their money in 2009?
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| | John Reade, Head of Metals Strategy, UBS Investment Bank
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4.30pm | Guest Chairman Mike Steel’s closing remarks
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4.40pm | End of conference
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Workshop 20th November 2008
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| Perspectives on and techniques of sourcing minor metals from a global market place |
Jack Lifton is the Founder of Jack Lifton LLC, a consultancy focusing on the sourcing of nonferrous strategic metals from the ground up (i.e., starting with exploration and mining), and including the recovery of metal values by recycling of not only metals.their alloys but also of metalbased chemicals used as raw materials for component manufacturing. Mr. Lifton has more than 45 years of experience in the global OEM automotive, heavy equipment, electrical and electronic,mining, smelting, and refining industries.
His background includes the sourcing, manufacturing, and sales of platinum group metal products, rare earth compounds, and ceramic specialties used to make catalytic converters, oxygen sensors, batteries, and fuel cells. He is now active in locating and analyzing new and recycled supplies of ‘minor metals’. Mr. Lifton is a prolific author of articles on minor metals’ markets and end uses.
Jack Lifton LLC advises clients on creating virtual hedges of minor metals that are not exchange traded, so that they can insure against not only price volatility but also the interruption of supply. The company is a member of the Minor Metals Trade Association.
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9am | The Minor Metals as Raw Materials for End users
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9.30am | The Minor Metals as an Asset Class for Investors
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10am | Current and future competition between end users and investors for minor metals
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10.30am | Refreshments
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11am | Primary and Secondary Sources of Minor Metals and associated current and future political risks and issues in source countries
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12pm | Managing the risk of price and supply volatility by techniques of virtual hedging such as:
- Direct investment in primary sources
- Off take agreements,
- Scrap management by closed loop
- Support (lobbying) of national government stockpiling
- Currency hedging
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1.15pm | Questions and answers & group discussion
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1.30pm | Close of workshop & networking lunch
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