LBMA Precious Metals Conference 2014


The LBMA Conference in Peru proved to be another sucessfull event with more than 400 registered delegates. Presentations from the conference are available below and transcripts will be made available shortly.

View the delegate list here.

 

The LBMA Precious Metals Conference 2014

Westin Lima Hotel & Convention Center

Lima, Peru

9 – 11 November, 2014

Programme

Sunday, 9th November

Welcome Reception

Sponsored by CME Group

Day One – Monday, 10th November

09:15 - 10:30 Opening Session

Welcome Remarks

Grant Angwin, LBMA Chairman and General Manager, Johnson Matthey

Marisol Espinoza, Vice President of Peru

Introductory Remarks

Grant Angwin, LBMA Chairman

        Ruth Crowell, LBMA Chief Executive

Mining in Peru: Country of Opportunities - Eva Arias, President, Sociedad Nacional de Mineria Petroleo Y Energia View Presentation Slides

Keynote Speech: Inflated Threats: The Eurozone Crisis and the Challenges Going Forward

        Wolfgang Munchau, Associate Editor, Financial Times View Presentation Slides

10:30 - 11:30 Coffee Break

11:30 - 12:45 Session 2: Precious Metals Investment Panel: Damaged Collateral or Still the Ultimate Asset? 

Moderator – Wolfgang Munchau, Associate Editor, Financial Times

Panel Discussion:

Tom Kendall, Head of Global Commodities Research, Credit Suisse

Sid Mitra, Portfolio Manager, Passport Capital

Michael Sheehan, Precious Metals Portfolio Manager, Redkite Capital Management LLP

Joe Wickwire, Portfolio Manager, Fidelity Investments View Presentation Slides

12:45 – 14:15 Lunch

14:15 – 15:30 Session 3: Official Sector Session

Moderator - David Marsh, Chairman of OMFIF

Gold as a Reserve Asset: The True Safe Haven of Central BanksJuan Ignacio Basco, Deputy General Manager, Central Bank of Argentina View Presentation Slides

Triple Digit Gold? - Evariste Lefeuvre, Chief Economist, Natixis, North America View Presentation Slides

Managing Gold as a Reserve Asset - Alexandre Gautier, Director of Market Operations Department, Banque de France View Presentation Slides

 15:30   Close of Day One

16:00                            Coffee Break

 

 16:00 - 16:30 Session 3a:     Gold Price Briefing

 

Chairman - Ruth Crowell, Chief Executive, LBMA

Finbarr Hutcheson, ICE Benchmarks Administration

Matthew Glenville, ICE Benchmarks Administration 

18:30 - 19:30 Pre-Dinner Cocktail Reception

19:30 - 22:00 Gala Dinner at Huaca Pucllana

Sponsored by EBS


Day Two – Tuesday, 11th November

09:00 – 10:15 Session 4: Mining & Production: When in an Hole Stop Digging 

Moderator – Frank Tweddle, Principle Partner, Andes Mining Research SAC

Challenges in Financing the Growth of a Precious Metals Mining Company - Roque Benavides, CEO, Compania de Minas Buenaventura View Presentation Slides

The Good, The Bad and the Ugly: Challenges Facing PGMs Mining in South Africa  - Stuart Murray, Chairman, Sylvania Platinum Ltd View Presentation Slides 

Controlling Costs Through the Price Cycle  Mike Bunch, Executive Vice President & Chief Operating Officer, Summit Mining International  Inc., View Presentation Slides

10:15 – 10:45 Coffee Break

10:45 – 12:00 Session 5: Precious Metals Physical Markets - Global View

Moderator – John Levin, Global Head of Metal Sales, ANZ

Benefits of Using Platinum Group Metals (PGMs) - Jeremy Coombes, Consultant View Presentation Slides

Physical Markets:Refiners Perspective - Grant Angwin, General Manager, Johnson Matthey View Presentation Slides

Indian Gold Demand - Sunil Kashyap, Managing Director, Bank of Scotia-Mocatta View Presentation Slides

Perspective on Chinese Physical Markets - John Levin, Global Head of Metal Sales, ANZ View Presentation Slides

12:00 – 12:45 Session 6: Hot Topics Facing the Precious Metals Market

Moderator Jon Spall, Managing Director, GCUBED Metals Ltd

Panel Discussion:

Roque Benavides, CEO, Compania de Minas Buenaventura

Katarina Cvijovic, Managing Director, Standard Bank

Rajesh Khosla, Managing Director, MMTC-PAMP India Pvt. Ltd

Amrik Sandhu, Managing Director, Morgan Stanley

13:00 – 13:30 Session 7: Delegate Feedback & Closing Session

Chairman – Ruth Crowell, Chief Executive, LBMA

Wrap Up/Conference Review

         Ross Norman, CEO, Sharps Pixley

John Reade, Global Gold Strategist & Partner, Paulson Europe

Conference Closing Remarks - Results of Forecast Survey

         Ruth Crowell, Chief Executive, LBMA

Prizes Presentation: Best Speaker and Feedback Session Participant

13:45           Close of Conference, followed by lunch and the Responsible Gold Forum 2014

13:00 - 14:30 Lunch

 

The LBMA-RJC Responsible Gold Forum 2014

 14:30 - 15:30 Mining: Building a Case for Responsible Practices 

Welcome Remarks: Is there a business case yet for miners participating in due diligence and certification programme? What have been the challenges of encouraging uptake? What are the desire impacts, and what evidence do we have so far?

 Chair - Javier Velarde, Vice President, Newmont 

 Panel:

        Pravell Galves Orozco, General Manager, Minera Yanaquihua View Presentation Slides

        Cristina Echavarria, Executive Board Member, Alliance for Responsible Mining View Presentation Slides  

        Thomas Hentschel, Swiss Better Gold Initiative View Presentation Slides

        Guido Battaglia, Director, Gold for Development, World Gold Council View Presentation Slides

15:30 - 16:30 Refining: the Challenges of Being a 'Choke Point' 

Key Question: Annual production of the LBMA Good Delivery Gold Refiners covers approximately 85-90% of the gold market.  What are the challenges of being a responsible and staying engaged with 'high-risk' areas?  What are the limitations of refiner leverage with their suppliers?

Chair - Tyler Gillard, OECD 

 Panel:

Responsible Supply Chain: The Way Forward - Medhi Barkhoder, PAMP S.A. View Presentation Slides

Challenges of Being a “Choke Point” - Neil Harby, Head: Evaluation, Rand Refinery (Pty) Limited  View Presentation Slides

Achieving Responsible Supply Chains - Janet McCarthy, Independent Consultant  

        Harrison Mitchell, Director and Head of Due Diligence and Responsible Supply Chains, RCS Global  View Presentation Slides

        Sakhila Mirza, General Counsel, LBMA 

        Martin Peter, Head of Economics Development Cooperation, Swiss Embassy

16:30 - 17:15 Downstream 

Key Question: What are the key drivers of downstream engagement with responsible sourcing? How significant is the role of registration? To what extent are downstream markets and consumers engaged?

Chair - Thomas Hentschel, Swiss Better Gold Initiative 

 Panel:

        Marieke van der Mijn, Standard Coordinator, Responsible Jewellery Council

        Jennifer Horning, International Programme Coordinator, Solidaridad  View Presentation Slides    

        Mathieu Lamolle, Market Analyst - International Trade Centre (ITC) - Standards Map View Presentation Slides

17:15 - 17:30 Close of Forum - Ruth Crowell, LBMA  


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