The LBMA Precious Metals Conference 2009

1-3 November 2009
The Balmoral Hotel
Edinburgh, Scotland

Welcome Reception Sunday, 1st November - 5.00pm

Sponsored by the World Gold Council

Day One - Monday, 2nd November

Session 1: Opening Session - 9:00am

Welcome
LBMA Chief Executive
Introductory Remarks
Kevin Andrew Crisp, LBMA Chairman, Mitsubishi Corporation UK plc    Text
Keynote Speech
Paul Mercier, Principal Adviser in Market Operations, European Central Bank    Text
The Role of the Bank of England
Michael Cross, Head of Foreign Exchange, Bank of England    Text

Session 2: Impact of the Financial Crisis on Precious Metals Industry - 11:00am

Chairman - Steven Lowe, Bank of Nova Scotia - ScotiaMocatta
Issues Facing Producers
Mark Lynam, Executive Officer, AngloGold Ashanti Limited    Slides Text

Issues Facing the Jewellery Industry
Aram Shishmanian, Chief Executive Officer, World Gold Council    Slides Text

Issues Facing Refiners & Fabricators
Mehdi Barkhordar, Managing Director, PAMP    Slides Text

Session 3: Precious Metals Investment - 1.45pm

Chairman - James Cross, Swiss Gold DMCC
Macro Outlook for the World Economy and Currencies
David McWilliams, Economist    Text
Stephen Mueller, Executive Director, Bank Julius Baer & Co. Ltd    Slides
Thoughts on Gold's Place in a Portfolio
Larry Hatheway, Chief Economist & Global Head of Asset Allocation, UBS Investment Bank    Slides Text

Session 4: PGMs: Looking Forward - 3.45pm

Chairman - Edel Tully, Research Analyst, Mitsui Global Precious Metals
The Auto catalyst Market - The Next Decade
David Jollie, Manager Precious Metals Marketing, Johnson Matthey    Slides Text

Chinese Platinum Market
Phillip Klapwijk, Executive Chairman, GFMS    Slides Text

PGMs - The Investor Arena
Michael Sheehan, Portfolio Manager, Red Kite Capital Management LLP    Slides Text

Evening: Cocktail Party - Sponsored by the Silver Institute and the LPPM.
Followed by the Conference Dinner at Prestonfield House.

Day Two - Tuesday, 3rd November

Session 5: Silver - 9.00am

Chairman - Michael DiRienzo, Executive Director, Silver Institute
Prospects for Silver Supply & Demand
Jessica Cross, CEO, Virtual Metals    Slides Text

London's Role in the Silver Market
James Steel, Precious Metals Analyst, HSBC    Slides Text

Mining in Peru
Roque Benavides, CEO, Buenaventura, Silver Institute    Slides Text

Session 6: The Future of the London Precious Metals Market - 10.45 am

Panel Chairman - Stephen Branton-Speak, Goldman Sachs
Full Text of Session 6 Panel Discussion
Phil Clewes-Garner, LPPM Chairman
Raymond Key, Managing Director, Deutsche Bank
Neil Clift, Director, JP Morgan

Session 7: Delegate Feedback & Closing Session - 12.00pm

Chairman - Stewart Murray, Chief Executive, LBMA    Text
Conference Summary
John Reade, Metals Strategist, UBS Investment Bank    Slides Text
Prizes Presentation: Best Speaker and Feedback Session Participant
Results of IML Digi-voting    Slides