The LBMA Precious Metals Conference 2005

13-15 November

The Sandton Convention Centre - Johannesburg, South Africa

Session 1: Opening Session

Session 1 - all speeches (316k)
Introduction Stewart Murray – LBMA Chief Executive (155k)
Opening Remarks LBMA Chairman (107k)
Keynote Address TT Mboweni, Governor of the South African Reserve Bank (162k)
Keynote Address: Global Economic Outlook
Kenneth Rogoff, Professor of Economics and Thomas D Cabot Professor of Public Policy, Harvard University (270k)
Questions and Answers (144k)
Presentation of LBMA Bursary (96k)

Session 2: Can South Africa Still Produce The Goods?

Session 2 - all speeches (771k)
Introduction by the Session Chairman - Jessica Cross, CEO, Virtual Metals/Minelife (91k)
Gold Beneficiation: Route to Sustainable Development - Paul Jourdan, President and CEO, Mintek (273k)
Mineral Beneficiation: The Mining Industry Viewpoint - Roger Baxter, Chief Economist, Chamber of Mines of South Africa (228k)
Black Economic Empowerment - Bridgette Radebe, Executive Chairperson, Mmakau Mining; President, South African Mining Development Association (346k)
Royalties and Costs - David Davis, Mining Investment Analyst, Andisa Securities (253k)
The Impact of HIV/AIDS on the South African Mining Industry - Izak Fourie, CEO and Senior Consultant, The Health Monitor Company (204k)
Questions and Answers (148k)

Workshop 3A: Panel Discussion: Has Jewellery Turned the Corner?

Workshop 3A - all speeches (553k)
Introduction by the Session Chairman - Rian Raghavjee, Manager Projects: Marketing, AngloGold Ashanti Ltd (223k)
Paul Walker, Chief Executive Officer, GFMS Ltd (261k)
Nick Speyer, CFO, Uno A Erre Italia S.p.A (198k)
Cetin Binatli, Director, Goldas AS (133k)
Questions and Answers (182k)

Workshop 3B: Industrial Demand

Workshop 3B - all speeches (734k)
Introduction by the Session Chairman - Ross Norman, Executive Director, TheBullionDesk.com (104k)
Platinum Group Metals: Strategic Roles - Kevin Crisp, Consultant, Mitsubishi Corp. Precious Metals Group (328k)
Gold's Other Uses - Elma van der Lingen, Manager: Advanced Materials Division, Mintek (419k)
Use of Silver in Photography: Latest Trends - Don Franz, Publisher, Photofinishing News (224k)
Questions and Answers (614k)

Session 4: The LBMA 1997 Hedging Debate Revisited

Session 4 - all speeches (515k)
Introduction by the Session Chairman - Stewart Murray, LBMA Chief Executive (118k)
Paul Merrick, Vice President, Royal Bank of Canada (107k)
Bernard Swanepoel, CEO, Harmony Gold (156k)
Andy Smith, Analyst, Bractea (The Ridgefield Capital Group) (338k)
Graham Birch, Head of Natural Resources Team, Merrill Lynch Investment Managers (149k)
Questions and Answers (201k)

Session 5: Official Sector: Is It All About Yield? - Panel Discussion

Session 5 - all speeches (1.4 Mb)
Chairman: Philip Klapwijk, Executive Chairman, GFMS Ltd (651k)
Juan Basco, Head of Market Operations, Central Bank of Argentina (180k)
Maria Guegina, Head of External Reserves Management Division,
Central Bank of the Russian Federation (656k)
Daniel Mminele, Executive General Manager - Markets, South African Reserve Bank (98k)
Isabelle Strauss-Kahn, Director, Market Operations Department, Banque de France (92k)
Peter Zöllner, Executive Director, Oesterreichische Nationalbank (237k)
Questions and Answers (137k)

Session 6: Are Precious Metals an Investment Class?

Session 6 - all speeches (493k)
Introduction by the Session Chairman - James Burton, Chief Executive Officer, World Gold Council (83k)
OTC Gold Investment - John Reade, Precious Metals Strategist, UBS AG (223k)
The Impact of ETFs on the Gold Market - Vladimir Nedeljkovic, Structured Products - Capital and Debt Markets, Absa Corporate and Merchant Bank (208k)
Where Now for Mining Equity Investment? - Sandy McGregor, Director, Allan Gray Limited (236k)
Questions and Answers (156k)

Closing Session

Closing Session - all speeches (890k)
Chairman's Closing Remarks - Simon Weeks, LBMA Chairman (82k)
The Private Sector’s Role in the Development of the African Economy - Rt Hon Paul Boateng,
UK High Commissioner to South Africa (98k)
Media Perceptions of the Precious Metals Industry - Tim Wood, Editor and General Manager, Resource Investor (293k)
Conference Summary - Kamal Naqvi, Director of Institutional Fund Sales, Barclays Capital (622k)