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A look at Global Copper
- 1. A look at Global Copper Ryan Bontes – Intierra Resource Intelligence
- 2. A look at Global Copper Glen Jones (Intierra) with input from Paul Dewison and Peter Hollands (Bloomsbury Minerals) Objective Capital Industrial Metals, Minerals and Mineable Energy Investment Summit London: November 3 2011
- 3. This presentation will focus on: Copper Project Pipeline This presentation is part of a fuller detailed presentation in conjunction with Bloomsbury Minerals Economics, which can be forwarded by request to anyone wishing to view it. Please contact [email_address] for the full presentation Tel: 020 7397 2896
- 4. BUSINESS INTELLIGENCE FOR THE MINERAL RESOURCE SECTOR Intierra provides a Business Intelligence Service that delivers information in context to those focused on the mineral resource industry and associated markets. Typical core users of Intierra's insight and analysis are the world's largest mining and exploration companies, fund managers, investment bankers and analysts as well as several hundred other exploration companies. Intierra’s database contains over 40,000 projects, over 35,000 companies including 3500 listed companies Intierra monitors all commodities and all projects from grass roots through production Intierra Mapping is the global leader in hard copy map production; from global commodity maps to localized “Hot Play” maps
- 5. Top Ten Commodities By Global Projects 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Gold Copper Silver Uranium Lead-Zinc Nickel Coal Iron Diamonds Platinum Number of Projects
- 6. Grass Roots Stage Projects with Copper Component Intierra Mapping © 2011
- 7. Intierra Mapping © 2011 Exploration Stage Projects with Copper Component
- 8. Intierra Mapping © 2011 Advanced Exploration Stage Projects with Copper Component
- 9. Intierra Mapping © 2011 Pre-Feasibility/Scoping Stage Projects with Copper Component
- 10. Intierra Mapping © 2011 Feasibility Stage Projects with Copper Component
- 11. Intierra Mapping © 2011 Construction Stage Projects with Copper Component
- 12. Operating Mines with Copper Component
- 13. Time Frame # of Projects January – June 2010 257 January – June 2011 359 Increase of 40% Gold: 29% Uranium: -24%
- 14. Drilling for Copper in 2011 Intierra Mapping © 2011
- 15. Drilling for Copper in 2011 Status Projects % Exploration 90 44 Adv. Exploration 62 29 Pre-Feas/Scoping 27 11 Feasibility Study 15 7 Operating 13 6 Construction 4 2 Grass Roots 2 1
- 16. Global Gold Projects Stage Projects Grass Roots (no drilling) Early 5544 36% Exploration (limited drilling) Early 4720 31% Advanced Exploration Late 2517 17% Pre-Feasibility/Scoping Late 555 4% Feasibility Late 433 3% Construction Late 185 1% Operating Mines 1189 8% Total 15,143 100%
- 17. Grass Roots (no drilling) Early 2437 36% Exploration (limited drilling) Early 2275 33% Advanced Exploration Late 1040 15% Pre-Feasibility/Scoping Late 269 4% Feasibility Late 198 3% Construction Late 93 1% Operating Mines 519 8% Total 6,831 100% Global Copper Projects Stage Projects
- 18. Early Late Gold 67% 23% Copper 69% 23% Silver 61% 27% Uranium 81% 16% Lead-Zinc 67% 24% Nickel 68% 23% Diamonds 79% 13% PGE’s 70% 22% Commodity Pipeline Comparison
- 21. Disclaimer While this presentation has been prepared with care, Intierra & BME do not make any warranty regarding the contents, and shall not be liable for any incidental or consequential damages arising out of its use. Contacts Us More detailed information on this presentation may be obtained from: www.intierra.com or ryanb@intierra.com
Editor's Notes
- Demand: historically who and what has consumed copper and where will demand come from in the future Project Pipeline: are there enough projects to fill the supply chain Market Balances and Prices: what does supply and demand look like moving through 2020 and what will the future copper price be?
- Firstly lets talk about top 10 commodities by global projects. This chart shows the distribution of commodities by active projects in the Intierra universe. Gold is and always has been the most explored /mined commodity. Copper is securely in second place
- Intierra data base has information on all of these individual projects Map shows the location of all grass roots projects in the Intierra data base with a copper component. Copper can be the primary or secondary commodity being explored for. Grass roots has no drilling Notice the copper belts (areas of activities) being outlined
- Exploration projects have limited drilling
- Advanced exploration projects have significant drilling and usually have a resource attached to them
- Notice as is the case with an exploration pipeline, as we move through the exploration process, the number of projects decrease
- All of the data behind these projects is in our new Feasibilty module
- This map shows the distribution of operating Copper mines by country
- This chart shows the number of projects in the Intierra data base for which copper results were announced to the financial markets. In comparing the 1 st half of 2010 and 2011 we see there was an increase of over 40% in the number of projects that announced copper drill assay results. This compares with gold that showed an increase of only 29% And Uranium which showed a decrease of 24%
- This map show the location of the drilling projects globally that announced copper assay results to the financial markets in the first half of 2011
- An important aspect of the drilling projects is the status. What types of projects are companies drilling . From the above chart we see that 44% of the projects that were drilled for copper in 2010 were at the exploration stage. This indicates that companies were drilling to outline a copper resource, therefore advancing the project to the advanced exploration stage. This is important because projects are being acquired at an earlier exploration stage than they have in the past. The next most active stage was advanced exploration where companies are trying to finalize a resource so the can advance to the pre-feasibility/scoping stage.
- We start off by looking at gold as a comparison. Previously we saw gold was the most active commodity for exploration. For our pipeline comparison, we have divided the projects into early stage and late stage. Early stage is grass roots and exploration. Late stage is advanced exploration, pre-feasibility/scoping, feasibility and construction. In this chart early stage projects comprise 67% or 2/3 of all active projects in the Intierra database. Late stage projects account for 1/3 This is a healthy pipeline as many early stage projects are required to feed the exploration pipeline.
- We can see that copper is similar to gold in the comparison of early to late stage projects. Gold has many more projects, but there is still the healthy 2/3 to 1/3 ratio between early and late stage projects. 69% of all projects with copper as a primary or secondary commodity have had little to no drilling on them.
- Let’s examine the project pipeline for these 8 commodities. 6 of the 8 have healthy pipelines However we can see that both uranium and diamonds are in trouble . Uranium only has 16% of all global projects in the advanced stage. We know this is because for years there was no exploration for uranium as companies were not able to raise capital. Once uranium starts another renaissance, there will be a shortage of projects at the advanced stage. These are projects with resources.
- Now let’s turn our attention to future production This slide shows the proposed production of new mines that will be coming on stream in the next 6 years These are projects that are at the feasibility or construction stage. We can see that 2012 and 2014 will be significant years for increased copper production. The last two columns on the right show the reserves of the mines and the average grade