Lonmin Plc. Standard Chartered Earth Conference, Hong Kong. Albert Jamieson Chief Commercial Officer June 2012
|
|
- Ella Perry
- 5 years ago
- Views:
Transcription
1 Lonmin Plc Standard Chartered Earth Conference, Hong Kong Albert Jamieson Chief Commercial Officer June 2012
2 Contents Introduction PGM Markets Operational Performance Operating Environment Lonmin s Outlook 2
3 Introduction Third largest primary producer of Platinum in the world Significant low cost reserves and resources in the world s primary PGM area Listed on the London Stock Exchange FTSE 250 and JSE Securities Exchange Only major integrated PGM participant on the London Stock Exchange Operating assets and operational headquarters in South Africa Marikana is the main asset, with concentrating, smelting and refining capability Significant potential with our other assets - Pandora, Limpopo and Akanani Shanduka is our Black Economic Empowerment partner through Incwala structure 3
4 Platinum Price Sensitivity to Euro Crisis Probability of a country leaving EU increased from 22% to 45% in May according to polls Euro weakened 8% against US dollar since February this year EURO STOXX equity index down 19% since February European auto sales down 10.1% y-o-y in first four months of 2012 Platinum price dropped 10% in May Platinum price dropped 18% since February Platinum price dropped 18% since February Platinum price down 11% y-o-y in first four months Short term price volatility driven by EU macro events 4
5 Moz (decade/period) Global Autocatalyst Recycling - Platinum Collection inefficient, less than 30% historical recovery Even at 100% autocat recycle recovery, new demand is not serviced Autocat Demand Theoretical 100% Recycling of 10-year old cars Actual Recycling Autocat recycling unlikely to meet autocat demand in foreseeable future Source: Johnson Matthey, SFA Future closed-loop autocat recycling unlikely 5
6 Future Demand Autocatalysis Demand Automotive Pt demand, '000 oz 5000 Stationary Fuel Cell ,220 3,900 4, ,630 2,500 2,940 3,350 3, Off-road HCV LCV Passenger Cars Source: SFA-Oxford Upside scenario Central case Downside scenario Source: SFA-Oxford Growth in non-road, heavy duty diesel and fuel-cell demand 6
7 Supply Forecasts a Regressing Target Source: SFA SA producers have started 2012 cut backs 7
8 PGM Market Outlook Euro concerns - seeing softer near term demand Lonmin View Current industrial stocks make short term outlook opaque View changed from deficit to small surplus in 2012 Global growth recovery would lead to deficits on the back of inflexibility in supply response Long term fundamentals for PGMs remain attractive 8
9 Operational Highlights Safety performance record low LTIFR at 4.69 Solid half year operational performance Platinum sales of 318,402 ounces flat Section 54 tonnes lost 347,000 up 398% Tonnes produced at 5.8 million, down 1.7% Saleable metal in concentrate up 3.8% to 368,175 Platinum ounces Ore reserves at 3.1 million centares, up 10.7% Underground concentrators maintained recoveries at 85.5% Maintaining guidance 9
10 Financial Highlights A challenging metals price environment Underlying EBIT US$14 million, down 90% on H Rand unit cost 10.9% up on H however full year guidance maintained Underlying EPS (6.9) cents, down 115% Net debt at US$356 million vs. US$234 million at September 2011 Gearing 11% EBIT impacted by weak pricing environment 10
11 South Africa Operational challenges Safety Managing an evolving trade union landscape Community unrest Political landscape Social pressures Resource nationalism debate ANC policy and leadership conferences Keysha Confident of legal position and taking necessary measures to protect our rights Challenging operating environment 11
12 Reef Production % of Capacity Overview of Marikana Mines Shaft lifecycle Hossy E3 Newman Saffy E1 W1 FS Access development Ramp-up Steady State up to 30+ years End of life High Cost and Capital Requirement Low Unit Cost Increased Unit Cost Karee Westerns Easterns Middelkraal Pandora Multiple shafts moving towards steady state production provides a strong platform for unit cost reduction 12
13 Lonmin Shaft Operating Costs Capex costs Opex costs Lonmin Opex costs Source: SFA, Lonmin Moving down the cost curve as production increases 13
14 Review process Navigating Softer Near Term Demand Markets Outlook Capex Review Opaque near term outlook - PGM prices tapered by sensitivity to Euro crisis and industrial stocks Internal review to update view of near and medium term market dynamics - and impact thereof on long term planning scenarios Immediate containment and ensuring optimal levels and composition of capital for to match updated market outlook maintaining flexibility to accelerate investment on recovery of markets Balance Sheet Capacity US$945 million of long-term facilities Moderating net debt to support growth Balancing capital spend retaining flexibility 14
15 Levers We Have Available to Pull If low price environment persists Range of capex options going into 2013 Option to scale back on opencast mining Thrifting of areas of high cost ounces and overheads across the business Range of options available 15
16 Conclusion Solid operational performance, assets technically healthy and management team on top of operations and challenges PGM medium and long term fundamentals remain sound, but near term outlook likely to remain unpredictable as market looks for inflection point Balancing capital spend vs prudent balance sheet will be key Review process underway to factor in near term market conditions Investing for future growth whilst delivering profitable ounces Growing down the cost curve over time Maintaining guidance for 2012 Building for the future 16
17 Lonmin Plc Questions
18 Lonmin Plc Appendices
19 Overview of Marikana Mines ROWLAND SD: 1032 SC: MO: est MK3 SHAFT K5 SHAFT K4 SD: 1331 SC: SS: est 2017 MO: est K3 SD: 809 SC: MO: est # HOSSY SD: 489 SC: SS: est MO: est WESTERNS KAREE MINE SAFFY SD: 804 SC: SS: est MO: est PANDORA DEEPS MK2 SHAFT PANDORA HW SI K4 SHAFT HW V SAFFY SHAFT ROWLAND SHAFT K3 SHAFT HOSSY SHAFT E1 INC SHAFT E3 INC SHAFT E2 INC SHAFT EASTERNS NEWMAN INC SHAFT 4B INC SHAFT E1 BELT SD: 394 SC: MO: est KEY Shallow inclines 2nd generation verticals 4B INCLINE SD: 445 SC: MO: est SHAFT SD: 322 SC: MO: est NEWMAN SD: 396 SC: MO: est E2 BELT SD: 345 SC: MO: est Mining Legend f Marikana Shaft Overview Dec 2011 # Includes Middelkraal Mineral Reserves Excludes Newman Merensky Mineral Reserves 0 Km 1 Km E3 BELT (INCLUDING PANDORA JV) SD: 349 SC: MO: est rd generation verticals * PANDORA SHALLOWS MIDDELKRAAL 1 SHAFT 1st generation verticals PANDORA SHALLOWS SD: (Feasibility study) SC: SS: est MO: est Km 10 Km SD Shaft Depth below Collar SC SS MO Shaft Capacity (Reef Tonnes) Steady State Production Expected to be Mined Out by UG2 GEOLOGICAL DOMAINS Strategic Domains Development Stoped out face Normal Reef Facies Geological Structures Split reef facies Outcrop High Risk Domain Major Faults Dykes Surface Aeromagnetic anomaly SCALE LEGEND Slump 2012 REF CASE (LTP) FY12 Mine Extrac_Shaft Overview : 10FEB
20 Disclaimer This presentation, which is personal to the recipient, has been issued by Lonmin. This presentation includes forward-looking statements. All statements other than statements of historical fact included in this announcement, including without limitation those regarding Lonmin's plans, objectives and expected performance, are forward-looking statements. Lonmin has based these forward-looking statements on its current expectations and projections about future events, including numerous assumptions regarding its present and future business strategies, operations, and the environment in which it will operate in the future. Forward-looking statements generally can be identified by the use of forward-looking terminology such as 'ambition', 'may', 'will', 'could', 'would', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan', 'seek' or 'continue', or negative forms or variations of similar terminology. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors related to Lonmin, including, among other factors: (1) material adverse changes in economic conditions generally or in relevant markets or industries in particular; (2) fluctuations in demand and pricing in the mineral resource industry and fluctuations in exchange rates; (3) future regulatory and legislative actions and conditions affecting Lonmin's operating areas; (4) obtaining and retaining skilled workers and key executives; and (5) acts of war and terrorism. By their nature, forward-looking statements involve risks, uncertainties and assumptions and many relate to factors which are beyond Lonmin control, such as future market conditions and the behaviour of other market participants. Actual results may differ materially from those expressed in forward-looking statements. Given these risks, uncertainties, and assumptions, you are cautioned not to put undue reliance on any forward-looking statements. In addition, the inclusion of such forward-looking statements should under no circumstances be regarded as a representation by Lonmin that Lonmin will achieve any results set out in such statements or that the underlying assumptions used will in fact be the case. Other than as required by applicable law or the applicable rules of any exchange on which Lonmin's securities may be listed, Lonmin has no intention or obligation to update or revise any forward-looking statements included in this presentation after the publication of this presentation. This presentation is for information only and does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase, any shares in Lonmin or any other securities, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied upon in connection with, any contract or investment decision related thereto. Information supplied by host presenters may not be used, referenced or published without the prior written consent of the author of the presentations. 20
Lonmin Plc FINAL RESULTS 2007
Lonmin Plc FINAL RESULTS 2007 2007 Overview A number of operational challenges Actions being taken to address these issues Successes Substantial growth in high quality resources 27% increase in PGM ounces
More informationToday s presentation
1 Today s presentation Implats Overview of results Market review Financial analysis Review of operations and expansion projects Corporate issues Prospects Barplats Review of operations 2 1 OVERVIEW OF
More informationINTERIM RESULTS FEBRUARY 2002
INTERIM RESULTS FEBRUARY 2002 1 Highlights Good performance as attributable income and headline earnings rise by 2.4%, despite $ price market index decreasing by 35% Sales volumes up 13% Solid operational
More informationLonmin Plc INTERIM RESULTS 2005
Lonmin Plc INTERIM RESULTS 2005 Overview Recovered from smelter accident and minimised full year impact Costs managed in line with previous guidance - R2,431 per PGM ounce sold Total PGM production of
More informationInterim Report For the 6 months to 31 March 2008
Interim Report For the 6 months to 31 March 2008 Liberating the Earth s potential to fulfil life Lonmin Plc Lonmin is the world s third largest producer of Platinum Group Metals (PGMs). Our strategy is
More informationLonmin Plc Interim Report. For the 6 months to 31 March Building value
Lonmin Plc Interim Report For the 6 months to 31 March 2007 Building value Lonmin is a primary producer of Platinum Group Metals. We create value by the discovery, acquisition, development and marketing
More informationMarcum Microcap Conference New York 29 May 2014
Marcum Microcap Conference New York 29 May 2014 Cautionary and forward-looking information This presentation contains forward-looking statements that were based on Atlatsa s expectations, estimates and
More informationSouth Africa s Platinum Mining Crisis
South Africa s Platinum Mining Crisis Presentation : 30 January 2014. Roger Baxter Chief Operating Officer Presentation Outline The Global Platinum Environment The South African Platinum Mining Industry
More information04/ A Deeper Look. 158 Safety Performance 159 Operational Review 165 Financial Review 170 Operating Statistics 5 Year Review 175 Reserves & Resources
Strong operational performance and continued focus on cost containment. 04/ 158 Safety Performance 159 Operational Review 165 Financial Review 170 Operating Statistics 5 Year Review 175 Reserves & Resources
More informationDisclaimer. Bank of America Merrill Lynch Conference, Sun City
Disclaimer Certain statements in this presentation (other than the statements of historical fact) may contain forward-looking statements regarding Northam s operations, economic performance or financial
More informationQuestions and Answers about the Rights Issue. November 2015
Questions and Answers about the Rights Issue November 2015 Disclaimer This presentation, which is personal to the recipient, has been issued by Lonmin plc ( Lonmin ). This presentation includes forward-looking
More informationAudited Annual Results. For the year ended 31 December 2017
Audited Annual Results For the year ended 31 December 2017 CONTENTS Overview Market Review Operational Review Financial Review Outlook OVERVIEW Strong performance despite challenging conditions SAFETY,
More informationForward looking statement
The PGM market conundrum 16 November 2016 Deutsche Bank ADR Virtual Investor Conference Forward looking statement 2 Certain statements contained in this presentation other than the statements of historical
More informationPLATINUM QUARTERLY PRESENTATION Q London 8 th March, 2018
PLATINUM QUARTERLY PRESENTATION Q4 2017 London 8 th March, 2018 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
More informationANGLO AMERICAN PLATINUM LIMITED 2011 ANNUAL RESULTS
ANGLO AMERICAN PLATINUM LIMITED 2011 ANNUAL RESULTS 13 February 2012 Mogalakwena Central Pit DISCLAIMER: CERTAIN FORWARD-LOOKING STATEMENTS Certain statements made in this presentation constitute forward-looking
More information2018 INTERIM RESULTS PRESENTATION 14 MAY 2018 MANAGING CONTROLLABLES MANAGING CASH
2018 INTERIM RESULTS PRESENTATION 14 MAY 2018 MANAGING CONTROLLABLES MANAGING CASH Executive Committee (Exco) Ben Magara Chief Executive Officer BSc Eng (Hons), ADP (LBS) Ben joined the Company and Board
More informationREGULATORY RELEASE. 16 May Interim Results
Lonmin Plc 4 Grosvenor Place London SW1X 7YL United Kingdom T: +44 (0)20 7201 6000 F: +44 (0)20 7201 6100 www.lonmin.com REGULATORY RELEASE 16 May 2016 2016 Interim Results Lonmin Plc, ( Lonmin or the
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 RESULTS PRESENTATION 19 February 2002 Year ended December 2001 Highlights Headline earnings per share up 17,6% Total dividends per share up 12,0% Special
More informationANGLO PLATINUM LIMITED
ANGLO PLATINUM LIMITED 2006 INTERIM RESULTS PRESENTATION 31 July 2006 Overview Record earnings Strong PGM demand - firm prices Production growth continues Operational initiatives good progress BEE process
More informationAcquisition of the Rustenburg Operations
Acquisition of the Rustenburg Operations Disclaimer Certain statements included in this presentation, as well as oral statements that may be made by Sibanye or Anglo American Platinum, or by officers,
More informationPLATINUM QUARTERLY PRESENTATION Q London 21 st November, 2017
PLATINUM QUARTERLY PRESENTATION Q3 2017 London 21 st November, 2017 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
More informationAcquisition of Aquarius Platinum Limited. 6 October 2015
Acquisition of Aquarius Platinum Limited 6 October 2015 Disclaimer Certain statements included in this presentation, as well as oral statements that may be made by Sibanye Gold Limited ( Sibanye ) or Aquarius
More informationTHE CATALYST FOR CHANGE
THE CATALYST FOR CHANGE LBMA LPPM conference: Rome, 1 October 2013 Andrew Hinkly: Executive Head of Marketing - Anglo American Platinum Limited CAUTIONARY STATEMENTS Replace with new cautionary statement
More informationSouth Africa s Platinum Mining Crisis
South Africa s Platinum Mining Crisis Presentation to the Parliamentary Portfolio Committee: Minerals 20 th February 2013. Roger Baxter Senior Executive: Economics & Strategy 1 2 Presentation Outline The
More informationThe Bright Future of the Palladium Market
The Bright Future of the Palladium Market Denis Sharypin Head of Market Research, Nornickel OCTOBER 16, 2017 BARCELONA THE LBMA/LPPM PRECIOUS METALS CONFERENCE 2017 Stagnating Pd Mine Supply 2 Palladium
More informationmore than AUDITED ABRIDGED RESULTS for the year ended 31 December 2011 mining
more than AUDITED ABRIDGED RESULTS for the year ended 31 December 2011 mining Disclaimer The information presented in this presentation is of a general nature and the forward looking information, opinions
More informationANGLO AMERICAN PLATINUM ANNUAL PRESENTATION RESULTS 2011
ANGLO AMERICAN PLATINUM ANNUAL PRESENTATION RESULTS 2011 2011 KEY FEATURES Results commentary Notwithstanding a 52% reduction in fatalities since 2007, disappointingly, 12 employees lost their lives in
More informationPlatinum Interim Review. Johnson Matthey. 18th November abcd.
Platinum 2003 Interim Review Johnson Matthey 18th November 2003 Platinum Demand edges up to 6.59 million oz Purchases for jewellery in China & Japan drop Diesel sales drive record autocatalyst demand Output
More informationLEI No: FGJZ2WAC6Y2L94 REGULATORY RELEASE. 15 May Interim Results
LEI No: 213800FGJZ2WAC6Y2L94 REGULATORY RELEASE Lonmin Plc 5th Floor Connaught House 1-3 Mount Street London W1K 3NB United Kingdom T: +44 (0)20 3908 1070 www.lonmin.com 15 May 2017 2017 Interim Results
More informationANGLO AMERICAN PLATINUM 2015 ANNUAL RESULTS PRESENTATION 8 FEBRUARY 2016 PLATINUM
ANGLO AMERICAN PLATINUM 2015 ANNUAL RESULTS PRESENTATION 8 FEBRUARY 2016 PLATINUM CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared by Anglo American Platinum Limited ( Anglo American
More informationAnalyst Visit. Nico Muller. Business Leader Two Rivers Platinum
WE DO IT BETTER Analyst Visit 04 September 2007 Nico Muller Business Leader Two Rivers Platinum Agenda OPERATIONS REVIEW Nico Muller (Business Leader) SITE VISIT Underground North Decline Anthony Durrant
More informationWATERBERG PGM PROJECT
Corporate Presentation October 25, 2018 WATERBERG PGM PROJECT ESSENTIAL METALS IN TRANSITION TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum
More informationNortham asset portfolio
Northam who we are Only mid-tier, integrated PGM producer with control of metal from mine to market Owner and manager of two diverse operating assets Booysendal shallow, modern and mechanised, ramping
More informationStrategic update. Impala Rustenburg review 2 August 2018
Strategic update Impala Rustenburg review 2 August 2018 / Implats strategic update Impala Rustenburg review Summary THE IMPALA RUSTENBURG STRATEGIC REVIEW HAS BEEN COMPLETED. Optimisation measures in the
More informationPLATINUM QUARTERLY PRESENTATION Q London 28 November 2018
PLATINUM QUARTERLY PRESENTATION Q3 2018 London 28 November 2018 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
More informationLSE:ACA. Acacia Mining plc. Unearthing Africa s Potential
LSE:ACA Acacia Mining plc Unearthing Africa s Potential 03.09.2015 Important Notice This presentation includes forward-looking statements that express or imply expectations of future events or results
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 YEAR END RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 YEAR END RESULTS PRESENTATION 14 February 2005 CEO overview Improved earnings Solid fundamental PGM demand Robust business model being implemented BEE compliance
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 INTERIM RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 INTERIM RESULTS PRESENTATION 27 July 2004 2004 interim results CEO overview Improved earnings New management structures BEE compliance on track Outlook
More informationANGLO PLATINUM LIMITED 2005 ANNUAL RESULTS PRESENTATION
ANGLO PLATINUM LIMITED 2005 ANNUAL RESULTS PRESENTATION 13 February 2006 2005 Annual Results Overview Significantly improved earnings - higher metal prices Strong PGM demand - supports firm prices Production
More informationANGLO AMERICAN PLATINUM 2016 INTERIM RESULTS PRESENTATION 25 JULY 2016
PLATINUM ANGLO AMERICAN PLATINUM 2016 INTERIM RESULTS PRESENTATION 25 JULY 2016 Miss South Africa Platinum Crown 2013-2015 CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared for Anglo
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 INTERIM RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 INTERIM RESULTS PRESENTATION 6 August 2001 Six months to June 2001 Highlights Record first half earnings R4,08bn Headline earnings up 56,4% Dividends per
More informationAnglo American Platinum Limited. Bank of America Merrill Lynch s 12 th annual Sun city conference March 2011
Anglo American Platinum Limited Bank of America Merrill Lynch s 12 th annual Sun city conference March 2011 DISCLAIMER: CERTAIN FORWARD-LOOKING STATEMENTS Certain statements made in this presentation constitute
More informationWATERBERG PGM PROJECT
Corporate Presentation August 3, 2018 WATERBERG PGM PROJECT ESSENTIAL METALS IN TRANSITION TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum
More informationFINANCIAL CAPITAL Creating and distributing value
FINANCIAL CAPITAL Creating and distributing value Distributing value Value added statement 1 2013 US$ million 2012 US$ million US$ variance Net cash generated Customers, consumers and investment income
More informationCondensed Consolidated Interim Results. For the six months ended 30 June 2018
Condensed Consolidated Interim Results For the six months ended 30 June 2018 Disclaimer The information presented in this presentation is of a general nature and the forward-looking information, opinions
More informationWATERBERG PGM PROJECT
WATERBERG PGM PROJECT February 2018 Corporate Presentation Drilling at Waterberg PGM Discovery TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum
More informationWATERBERG PGM PROJECT
WATERBERG PGM PROJECT Corporate Presentation May 17, 2018 Drilling at Waterberg PGM Discovery TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum
More informationATLATSA ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31, Significant improvements in year-on-year Q1 operating performance
ATLATSA ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31, 2013 Significant improvements in year-on-year Q1 operating performance Year-on-year ZAR PGM unit costs decrease by 13% on improved production and
More informationMORE THAN MINING ROYAL BAFOKENG PLATINUM FACT SHEET
MORE THAN MINING ROYAL BAFOKENG PLATINUM FACT SHEET OUR VISION > To seek and deliver the good from mining OUR MISSION > To leave a lasting legacy of sustainable benefits for our stakeholders OUR PURPOSE
More informationHow can mining companies maximise shareholder return creating value for all stakeholders
How can mining companies maximise shareholder return creating value for all stakeholders Mines and Money December 214 Gold price 22 to 214 longest rally in history US$/oz 2 18 16 14 12 1 8 6 4 2 1 Gold
More informationImplats delivers improved first half performance
NEWS RELEASE For immediate release Salient Features: Safety Implats delivers improved first half performance Safe production remains a challenge at Impala and Marula Six fatal incidents reported during
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2003 RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2003 RESULTS PRESENTATION 16 February 2004 2003 results presentation CEO overview 2003 performance Exciting market Progress on delivery Addressing cost base
More informationJohn Lewins Platinum Australia Limited
John Lewins Platinum Australia Limited October 2009 Listed on ASX and AIM 315 Million shares Market Cap US$240 Million ASX 200 & AIM 100 Largest Shareholders Colonial First 9% JP Morgan 8% Soros Fund 7%
More informationStillwater Mining Company A PGM Business
Stillwater Mining Company A PGM Business STILLWATER MINING COMPANY Mining Investment Forum 2004 Denver, CO September 27, 2004 Gregory A. Wing Vice President and Chief Financial Officer THE PRIVATE SECURITIES
More informationPan African Resources plc Precious Metals Summit Geneva April The African Focused Precious Metals Producer
Pan African Resources plc Precious Metals Summit Geneva 11-13 April 2012 The African Focused Precious Metals Producer Disclaimer Statements in this presentation, other than historical facts, that address,
More informationAcacia Mining plc (formerly African Barrick Gold plc) LSE: ACA. ( Acacia or the Company ) Approval of Gokona Underground project at North Mara
27 November 2014 Acacia Mining plc (formerly African Barrick Gold plc) LSE:ACA ( Acacia or the Company ) Approval of Gokona Underground project at North Mara Total production of 450,000 ounces over a 5
More informationANGLO AMERICAN SITE VISIT PLATINUM BUSINESS OVERVIEW AND UPDATE 23 NOVEMBER 2016
PLATINUM ANGLO AMERICAN SITE VISIT PLATINUM BUSINESS OVERVIEW AND UPDATE 23 NOVEMBER 2016 Mogalakwena mine North pit haul truck and drill rigs CAUTIONARY STATEMENT Disclaimer: This presentation has been
More informationWATERBERG PGM PROJECT
Corporate Presentation January 7, 2019 WATERBERG PGM PROJECT ESSENTIAL METALS IN TRANSITION TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum
More informationA New Generation of Platinum and Palladium Mines
A New Generation of Platinum and Palladium Mines April 13, 2015 Disclosure TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum Group or the
More informationWATERBERG PGM PROJECT
WATERBERG PGM PROJECT Corporate Presentation March 2, 2018 Drilling at Waterberg PGM Discovery TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum
More informationAUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018
AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 20 18 CONTENTS Overview Market review Operational review Financial review Outlook 01 OVERVIEW Safety Financial Operations Social 25.8% 13.2%
More informationHalf Year Financial Results December 2008
Half Year Financial Results December 2008 Ian Smith MD & CEO Greg Robinson Director Finance Disclaimer Forward Looking Statements These materials include forward looking statements. Forward looking statements
More informationFinancial Statements
/ 114 Financial Statements Our balance sheet remains strong with net debt contained to $29 million at 30 September 2014 despite the impact of the strike. / 115 03/ 116 Independent Auditor s Report to the
More informationA LEADING SOUTH AFRICAN GOLD PRODUCER. Peter Steenkamp, CEO 19 October 2017
A LEADING SOUTH AFRICAN GOLD PRODUCER Peter Steenkamp, CEO 19 October 2017 2 2 PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOUR STATEMENT This presentation contains forward-looking statements within
More informationSALE OF THE RUSTENBURG OPERATIONS
SALE OF THE RUSTENBURG OPERATIONS 1 DISCLAIMER Certain statements included in this presentation, as well as oral statements that may be made by Sibanye or Anglo American Platinum, or by officers, directors
More informationWATERBERG PGM PROJECT
WATERBERG PGM PROJECT Corporate Presentation April 12, 2018 Drilling at Waterberg PGM Discovery TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. (
More informationGROWTH THROUGH CASH FLOW. Q Results 3 August 2017
GROWTH THROUGH CASH FLOW 2017 Results 3 August 2017 2 DISCLOSURES Forward Looking Statements: There are risks associated with an investment in the shares of Centamin. Recipients of this presentation should
More informationANNUAL GENERAL MEETING APRIL 28, 2017
ANNUAL GENERAL MEETING APRIL 28, 2017 Forward Looking Statements The information in this presentation has been prepared as at April 28, 2017. Certain statements contained in this presentation constitute
More informationINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2008
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2008 Forward looking statements Certain statements contained in this document including, without limitation, those concerning the economic outlook for
More informationStrategic Highlights The Transaction is progressing on schedule, with submissions made to competition authorities.
LEI No: 213800FGJZ2WAC6Y2L94 REGULATORY RELEASE Lonmin Plc 5th Floor Connaught House 1-3 Mount Street London W1K 3NB United Kingdom T: +44 (0)20 3908 1070 www.lonmin.com 14 May 2018 2018 Interim Results
More informationPLG: NYSE MKT PTM: TSX. Platinum now. Corporate Presentation June 2016
PLG: NYSE MKT PTM: TSX Platinum now. Corporate Presentation June 2016 Disclosure TECHNICAL AND SCIENTIFIC INFORMATION This presentation has been prepared by Platinum Group Metals Ltd. ( Platinum Group
More informationPRESS RELEASE SEMAFO FOR IMMEDIATE RELEASE. SEMAFO Announces Solid Third Quarter 2014 Results
PRESS RELEASE SEMAFO FOR IMMEDIATE RELEASE SEMAFO Announces Solid Third Quarter 2014 Results Net Income of $13 Million Cash Flow from Operations of $41 Million Montreal, Quebec, November 11, 2014, 08:00
More informationANGLO AMERICAN SITE VISIT MOGALAKWENA MINE PLATINUM 23 NOVEMBER 2016
PLATINUM ANGLO AMERICAN SITE VISIT MOGALAKWENA MINE PLATINUM 23 NOVEMBER 2016 Mogalakwena Mine load and haul operations including rope shovel CAUTIONARY STATEMENT Disclaimer: This presentation has been
More informationRESERVES of 790,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) PRODUCTION rate of 65,000 ounces/annum 2012
RESERVES of 790,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) PRODUCTION rate of 65,000 ounces/annum 2012 TARGETING 100,000 ounces per annum 18 APRIL 2012 PROACTIVE INVESTOR PRESENTATION
More informationBURNSTONE PROJECT Feasibility study and LoM plan
BURNSTONE PROJECT Feasibility study and LoM plan Richard Stewart Executive Vice President: Business Development 28 July 2016 Disclaimer The information in this presentation may include forward-looking
More informationGOLD PROJECTS Update. Richard Stewart Executive Vice President: Business Development. 28 July 2016
GOLD PROJECTS Update Richard Stewart Executive Vice President: Business Development 28 July 2016 Disclaimer The information in this presentation may include forward-looking statements, which are based
More informationANALYSIS for the three and nine months ended September 30, 2018
MANAGEMENT DISCUSSION AND ANALYSIS for the three and nine months ended September 30, 2018 EMPOWERED TO PRODUCE This Management s Discussion and Analysis ( MD&A ) should be read in conjunction with (i)
More informationPlatinum th May 2008
Platinum 2008 19 th May 2008 Platinum Platinum: Key features Platinum market in deficit by 480,000 oz in 2007 Supplies fall due to South African problems Autocatalyst demand grows 8.2% due to diesel emissions
More informationPLATINUM. STATE OF THE NATION Roger Baxter, Chief Economist and COO, Chamber of Mines of South Africa
January 214 PLATINUM STATE OF THE NATION Roger Baxter, Chief Economist and COO, Chamber of Mines of South Africa PGMS IN SOUTH AFRICA Introduction The platinum group metals (PGM) mining sector is the largest
More informationAvocet Mining. Annual General Meeting. 2 nd May 2013
Avocet Mining Annual General Meeting 2 nd May 2013 Page 1 Quality portfolio of assets Inata Gold Mine o Producing mine with significant exploration potential o Inata cashflows strengthened following reprofiled
More information2016 Half Year Financial Results. Presentation
2016 Half Year Financial Results Presentation 10 AUGUST 2016 Disclaimer Forward looking statements This presentation has been prepared by OZ Minerals Limited ( OZ Minerals ) and consists of written materials/slides
More informationMineral resource management strategy
PLANNING FOR THE NEXT 10 YEARS expanding and managing our mineral resource base Rodney Quick Group GM Evaluation Mineral resource management strategy Manage the orebody from gold in the ground to profits
More informationNORTHAM PLATINUM AND THE BUSHVELD COMPLEX
NORTHAM PLATINUM AND THE BUSHVELD COMPLEX Operations on the Bushveld Complex Northam and associated operations Other operations Cities/towns Main roads Tumela N Thabazimbi Mogalakwena Mokopane Limpopo
More informationANGLO AMERICAN PLATINUM 2016 ANNUAL RESULTS PRESENTATION 15 FEBRUARY PGI Platinum wedding bands
ANGLO AMERICAN PLATINUM 2016 ANNUAL RESULTS PRESENTATION 15 FEBRUARY 2017 PGI Platinum wedding bands CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared for Anglo American Platinum Limited
More informationSeptember Quarterly Report
September Quarterly Report Kasbah Resources Limited ASX : KAS 1 DISCLAIMER Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the
More informationAnnual Report and Accounts 2017 For the year ended 30 September Lonmin Plc MAINTAINING MOMENTUM
For the year ended 30 September 2017 MAINTAINING MOMENTUM Lonmin is a primary producer of Platinum Group Metals (PGMs). These metals are essential for many industrial applications, especially catalytic
More informationATLATSA ANNOUNCES FINANCIAL RESULTS FOR THE HALF YEAR ENDED JUNE 30, 2017 & PROVIDES AN UPDATE ON THE IMPLEMENTATION OF THE 2017 RESTRUCTURE PLAN
Atlatsa Resources Corporation (Incorporated in British Columbia, Canada) (Registration number 10022-2033) TSX/JSE share code: ATL ISIN: CA0494771029 ( Atlatsa or the Company ) ATLATSA ANNOUNCES FINANCIAL
More informationFor personal use only
INDEPENDENCE GROUP NL PETER BRADFORD, MANAGING DIRECTOR AND CEO Australian Nickel Conference 20 October 2016 Cautionary statements & disclaimer This presentation has been prepared by Independence Group
More informationValuation o f of E arly Early Stage Stage PGE rojects Projects and and The Global Outlook for PGEs PGEs René Hochreiter 28 October 2011
Valuation of Early Stage PGE Projects and The Global Outlook for PGEs René Hochreiter 28 October 2011 Valuation of Early Stage PGE Projects Mostly done by mark to market valuation Exploration Sector USD
More informationPlatinum Group Metals Update and First Quarter Results
788 550 Burrard Street Vancouver, BC V6C 2B5 P: 604-899-5450 F: 604-484-4710 News Release No. 15-293 January 13, 2015 Platinum Group Metals Update and First Quarter Results (Vancouver/Johannesburg) Platinum
More informationREVIEWED INTERIM RESULTS 2017 FOR THE SIX MONTHS ENDED 31 DECEMBER. smart platinum mining
REVIEWED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER smart platinum mining KEY FEATURES Normalised headline earnings R189 million Execution of growth strategy on track Significant increase in
More informationAfrica Projects February 2016
Africa Projects Cautionary statement Cautionary statement regarding forward looking statements: This presentation contains forward-looking statements within the meaning of Section 27A of the Securities
More informationSTRATEGY. DISCIPLINE. EXECUTION. FEBRUARY 15, 2013 FOURTH QUARTER CONFERENCE CALL
STRATEGY. DISCIPLINE. EXECUTION. FEBRUARY 15, 2013 FOURTH QUARTER CONFERENCE CALL MANAGEMENT PARTICIPANTS Chuck Jeannes President and Chief Executive Officer Lindsay Hall EVP & Chief Financial Officer
More informationPLATINUM QUARTERLY PRESENTATION Q London 14 th May, 2018
PLATINUM QUARTERLY PRESENTATION Q1 2018 London 14 th May, 2018 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
More informationBuilding for Sustainable Production and Exploration Driven Growth SEPTEMBER 2018
Building for Sustainable Production and Exploration Driven Growth SEPTEMBER 2018 www.wallbridgemining.com 1 CAUTIONARY STATEMENT This document may contain forward-looking statements (including "forward-looking
More informationQuarterly review and production report for the period 1 July to 30 September 2012
Quarterly review and production report for the period 1 July to 30 September 2012 23 October 2012 Third quarter safety, production and financial highlights: 1 million fatality-free shifts Tonnes milled
More informationEUROPEAN GOLD FORUM 2018
EUROPEAN GOLD FORUM 2018 18 April 2018 JSE (HAR); NYSE (HMY) 2 PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOUR STATEMENT FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements
More informationHBM. Creating Sustainable Value through High Quality Long Life Deposits
HBM Creating Sustainable Value through High Quality Long Life Deposits Q1 2012 Conference Call, May 10, 2012 Forward Looking Information This presentation contains contains forward-looking statements and
More informationSUMMARY OF INTERIM REPORT JANUARY JUNE 2013
Endomines AB (publ) Press Release Stockholm, 14 August 2013 SUMMARY OF INTERIM REPORT JANUARY JUNE 2013 The full interim report is found on the company s website in Swedish only. Highlights Q2/2013 Gold
More informationRESERVES of 700,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) 25 th February 2013 Annual General Meeting
RESERVES of 700,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) 25 th February 2013 Annual General Meeting www.vatukoulagoldmines.com info@vgmplc.com +44(0)207 440 0643 DISCLAIMER
More information