Objective Capital's Precious Metals, Diamonds & Gemstones
Investment Summit 2011
Ironmongers' Hall, City of London
6 April 2011
Speaker: Rupen Raithatha, Johnson Matthey
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* With the support from China Electronic Commerce Association, China Center for Information Industry Development, subsidiary of Ministry of Industry and Information Technology of the People’s Republic of China, “China‘s economy and informatization” Magazine and LetYo (来优) Group Buying Search (Referred as “LetYo" in later part) jointly completed the writing of this report with professional reviews by related industry experts.
www. parker.com/aboutus With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems. Strong competitive advantages, a clear strategy and goals, consistent execution and performance, and many opportunities for growth, have allowed the company to consistently deliver strong shareholder returns. Parker has increased its annual dividends paid to shareholders for 56 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Focus on Gold: Challenges of gold mining in the US – reopening the Drumlummon Mine in Montana
20 May 2010
by David Wilson - Societe Generale
Presentation to Institute of Supply Management Steel Forum. Graphs Covering: North American Blast Furnaces/US Housing Starts/Seasonally Adjusted Annual Rate/Auto Production since 2000/Architects Billings Index/Carbon - Flat Rolled
Actual Shipments/Flat Rolled
Inventory (EOM)
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Panel Discussion: Outlook for the Precious Metals Markets
20 May 2010
by David Wilson - Societe Generale
Bill Fisher - RX Exploration
David Hargreaves - Fair Trade Gemstones
* With the support from China Electronic Commerce Association, China Center for Information Industry Development, subsidiary of Ministry of Industry and Information Technology of the People’s Republic of China, “China‘s economy and informatization” Magazine and LetYo (来优) Group Buying Search (Referred as “LetYo" in later part) jointly completed the writing of this report with professional reviews by related industry experts.
www. parker.com/aboutus With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems. Strong competitive advantages, a clear strategy and goals, consistent execution and performance, and many opportunities for growth, have allowed the company to consistently deliver strong shareholder returns. Parker has increased its annual dividends paid to shareholders for 56 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Focus on Gold: Challenges of gold mining in the US – reopening the Drumlummon Mine in Montana
20 May 2010
by David Wilson - Societe Generale
Presentation to Institute of Supply Management Steel Forum. Graphs Covering: North American Blast Furnaces/US Housing Starts/Seasonally Adjusted Annual Rate/Auto Production since 2000/Architects Billings Index/Carbon - Flat Rolled
Actual Shipments/Flat Rolled
Inventory (EOM)
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Panel Discussion: Outlook for the Precious Metals Markets
20 May 2010
by David Wilson - Societe Generale
Bill Fisher - RX Exploration
David Hargreaves - Fair Trade Gemstones
SAC November 2011 Corporate Presentationsoamsilver
South American Silver Corp. November 2011 Corporate Presentation. Learn about Malku Khota, one of the world's largest undeveloped silver, indium and gallium resources. Contact us for more information.
Automatic extraction and manual validation of a hierarchical English-Swedish ...Jody Foo
Several methods can be applied to create a set of validated terms from existing documents. In this paper we describe an automatic bilingual term candidate extraction method, and the validation process used to create a hierarchical patent terminology. The process described was used to extract terms from patent texts, commissioned by the Swedish Patent Office with the purpose of using the terms for machine translation. Information on the correct linguistic inflection patterns and hierarchical partitioning of terms based on their use are of utmost importance.
The process contains six phases, 1) Analysis of the source material and system configuration; 2) Term candidate extraction; 3) Term candidate filtering and initial linguistic validation; 4) Manual validation by domain experts; 5) Final linguistic validation; and 6) Publishing the validated terms.
Input to the extraction process consisted of more than 91.000 patent document pairs in English and Swedish, 565 million words in English and 450 million words in Swedish. The English documents were supplied in EBD SGML format and the Swedish documents were supplied in OCR processed scans of patent documents. After grammatical and statistical analysis, the documents were word aligned. Using the word aligned material, candidate terms were extracted based on linguistic patterns. 750,000 term candidates were extracted and stored in a relational database. The term candidates were processed in 8 months resulting in 181.000 unique validated term pairs which were then exported into several hierarchically organized OLIF files.
Century Iron Mines Corporation | Corporate Presentation | November 2012
Speaker: Sandy Chim, C.A., Director, President and Chief Executive Officer
Company Information:
as of Nov 2012
TSX Venture: FER
52-Week high/low: C$0.92-C$2.50
Market Cap: C$97.0m
Recent Price: C$1.02
Shares: 94.9 million
Fully Diluted: 103.8 million
Website: www.centuryiron.com
Century Iron is Canada’s largest holder of iron ore land claims in a public company, with interests in several properties in the Provinces of Quebec and Newfoundland & Labrador. Century’s vision is to exploit its large property asset base to become one of the country’s largest iron ore producers.
Century has structured a unique strategic formula to pave the way to achieving its vision: It has attracted
WISCO and MinMetals, two of the largest Chinese state-owned enterprises, as equity investors and strategic partners (25% and 5% respectively). WISCO is a further 40% JV investor in individual projects, and these partners have committed to 60‑70% off-take agreements for future product. They will also procure to provide up to 70% of production capex on positive feasibility, in the form of nondilutive debt financing for the Canadian company.
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012
Ironmongers' Hall, City of London
6 November 2012
Speaker: Alan Cruickshank, Gensource
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012
Ironmongers' Hall, City of London
6 November 2012
Speaker: Catherine Feore, Adroit Resources
Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Richard Williams, Helio Resource
Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Gary Billingsley, Great Western Minerals
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
The platinum jewellery in China
1. PRECIOUS METALS,
DIAMONDS & GEMSTONES
INVESTMENT SUMMIT
The platinum jewellery market in China
Rupen Raithatha – Investment & Economic Analyst, Johnson Matthey
IRONMONGERS’ HALL, CITY OF LONDON ● WEDNESDAY, 6 APR 2011
www.ObjectiveCapitalConferences.com
2. A Look at the Pt Jewellery
Market in China
Rupen Raithatha, 6th April 2011
Market Research
3. Market Research
Agenda slide
1 Overview of the Pt Market
2 Snapshot of the Global Pt Jewellery Market
3 The Importance of Jewellery Demand
4 The Chinese Market
5 Market Potential
4. Market Research
Platinum Demand & Supply
7000 7000
• Market has grown
6000 6000
over time
5000 5000
Demand/Supply (000 oz)
Demand/Supply (000 oz)
4000 4000 • ….but always a
fairly tight market
3000 3000
2000 2000 • Jewellery and
1000 1000
Investment
expected to be
0 0 more price elastic
1975 1980 1985 1990 1995 2000 2005 2010
Autocat Net Chemical Electrical Glass Petroleum
Other Investment Jewellery Supply
5. Market Research
The Rise of China
2,200
2,000
• Japan for so long the
1,800 largest jewellery
Jewellery Demand (000 oz)
1,600 market
1,400
1,200
1,000 • Eclipsed by China
800 since the early 2000’s
600
400
200
0
1975 1980 1985 1990 1995 2000 2005 2010
Japan China Europe + N America
6. Market Research
Autocatalyst & Jewellery as % of
Total Demand
60%
• Jewellery tends to
50% offset softer autocat
% of Total Demand
demand
40%
30% • Plays a crucial role
in the market
20%
10%
0%
1975 1980 1985 1990 1995 2000 2005 2010
Autocat Jewellery
7. Market Research
Jewellery as % of Total Demand Vs Price
60% 1800
• As expected,
50% 1500 jewellery is
% of Total Demand
responsive to price
40% 1200
Price ($/oz)
30% 900
20% 600
10% 300
0% 0
1975 1980 1985 1990 1995 2000 2005 2010
Autocat (lhs) Jewellery (lhs) Price (rhs)
8. Market Research
China Jewellery Demand 1995-2010
12,000
• Counter-intuitive
10,000 demand function
Price (RMB/oz)
• Income effect
8,000
• Lack of market
6,000 maturity
• Consumer surplus
4,000
2,000 • However, since
0 200 400 600 800 1000 1200 1400 1600 1800 2000 2002…..
Demand (000 oz)
9. Market Research
China Jewellery Demand 2002-2010
12,000
2008
11,000
2010
• Signs of a mature
10,000 2007 market or is the
Price (RMB/oz)
9,000 2006 price effect
8,000 2009 outweighing the
7,000
2005
2004
income effect
6,000 since 2002?
2003
5,000
2002
4,000
1,000 1,200 1,400 1,600 1,800 2,000
Demand (000 oz)
10. Market Research
Weekly Pt Purchasing on the
Shanghai Gold Exchange (2010-March 2011)
1500 2,150
• SGE users are good
1250 2,050
at buying into price
1000 1,950
dips
SGE Price ($/oz)
Volume (kg)
750 1,850
500 1,750
250 1,650
0 1,550
10
11
20
20
Volume Price
11. Market Research
Current and Historic Pt Market Penetration
2 16 • Japan mid-90’s peak
several times greater
1.75 14
Consumption oz/000 capita (Japan)
than any other market
1.5 12
Consumption oz/000 capita
(Europe/N America/China)
1.25 10 • ….but China has
1 8 potential to grow….
0.75 6
0.5 4
0.25 2
0 0
1975 1980 1985 1990 1995 2000 2005 2010
Europe (lhs) N America (lhs) China (lhs) Japan (rhs)
12. Market Research
Some Caveats
• Japan unique circumstances – the ‘perfect storm’
• Restrictions on buying/selling Au until mid-70s
• Pt price close to Au price
• Relatively low Pt price in absolute terms
• ‘Bubble’ economy
• Strength of the ¥
• Relatively high Pt content per piece
• Successful marketing
• Unlikely that per capita consumption in China will come close to Japan’s peak
• Has Pt price volatility damaged perception of Pt as a store of
wealth?
• Strong competition from non-jewellery luxury sector
13. Pt:Au Ratio
Jan
-
0
0.5
1
1.5
2
2.5
Jan 75
-
Jan 77
-
Jan 79
-
Jan 81
-
Jan 83
-
Jan 85
-
Jan 87
-
Jan 89
-
Jan 91
-
Jan 93
Pt:Au Price Ratio
-
Pt:Au Ratio
Jan 95
-
Jan 97
-
Parity
Jan 99
-
Jan 01
-
Jan 03
-
Jan 05
-
Jan 07
-
Jan 09
-11
•
equal.
Market Research
Japan’s peak came
when Pt and Au about
14. Market Research
Nevertheless, potential for further
growth remains strong….
• China in 2011 is on an earlier point on the growth path than
Japan in mid-90s
• Efforts to increase domestic consumption as a proportion of
GDP
• High savings ratio
• Rate of urbanisation
• Marketing to 2nd and 3rd tier cities
• Stronger RMB over time will soften any rise in the US$ price
• Size of population
• Chinese demand has come when Pt price > Au – seen as the
primary metal by many
15. A Look at the Pt Jewellery
Market in China
Rupen Raithatha, 6th April 2011
Rupen.Raithatha@matthey.com
+44 (0)1763 25 63 22
Market Research
