The document discusses First Quantum Minerals' performance in 2014 and outlook for 2015. In 2014, FQM achieved its highest ever copper production while maintaining low cash costs. It completed major projects like Sentinel and commissioned a new smelter. For 2015, FQM provides production and cost guidance across its portfolio and reduced its capital spending due to lower metal prices. It is taking measures to withstand low prices, including engaging with lenders on debt covenants. FQM remains focused on building its leading copper portfolio through its Cobre Panama project and other growth opportunities.
A PowerPoint investor presentation with a number of new and updated details about Rice Energy's operations in both the Marcellus and Utica region. The presentation lays out how Rice continues to weather the challenging low price environment--and how they plan to expand in the future.
A PowerPoint presentation from Rice Energy used by management on a May 7, 2015 earnings call. Lots of great detail and maps covering Rice's active drilling programs in both the Marcellus and Utica Shale plays.
PowerPoint presentation from Cabot Oil & Gas at the 2016 EnerCom Oil & Gas Conference. Lots of great slides. MDN's favorite is #12, which shows that since 2012 Cabot has drilled 18 of the top 20 most productive Marcellus Shale wells in Pennsylvania. Astonishing!
An investor presentation issued by Rice Energy to accompany their 2Q14 financial and operations update and analyst call. The slide deck is full of details of Rice's assets and operations in the Marcellus and Utica Shale region. Definitely worth your time to review!
An updated slide deck with lots of interesting charts and graphs outlining where Rice has been, and where they are heading with their Marcellus/Utica drilling program (and midstream program).
A PowerPoint investor presentation with a number of new and updated details about Rice Energy's operations in both the Marcellus and Utica region. The presentation lays out how Rice continues to weather the challenging low price environment--and how they plan to expand in the future.
A PowerPoint presentation from Rice Energy used by management on a May 7, 2015 earnings call. Lots of great detail and maps covering Rice's active drilling programs in both the Marcellus and Utica Shale plays.
PowerPoint presentation from Cabot Oil & Gas at the 2016 EnerCom Oil & Gas Conference. Lots of great slides. MDN's favorite is #12, which shows that since 2012 Cabot has drilled 18 of the top 20 most productive Marcellus Shale wells in Pennsylvania. Astonishing!
An investor presentation issued by Rice Energy to accompany their 2Q14 financial and operations update and analyst call. The slide deck is full of details of Rice's assets and operations in the Marcellus and Utica Shale region. Definitely worth your time to review!
An updated slide deck with lots of interesting charts and graphs outlining where Rice has been, and where they are heading with their Marcellus/Utica drilling program (and midstream program).
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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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.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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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.
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.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[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
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.
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
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➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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
2. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENT
Some of the statements contained in the following material are forward-looking
statements and not statement of facts. Such statements are based on the current
beliefs of management, as well as assumptions based on management information
currently available.
Forward-looking statements are subject to various risks, uncertainties and other
factors that could cause actual results to differ materially from expected results.
Readers must rely on their own evaluation of these uncertainties.
Note: all dollar amounts in US dollars unless otherwise indicated
2
3. 2014 - A GOOD YEAR WITH HIGHEST COPPER PRODUCTION IN OUR HISTORY
• Production within guidance
– Copper up 4% to 427,655 tonnes
– Nickel down 3% to 45,879 tonnes
– Gold down 7% to 229,813 ounces
• Low cash cost maintained
– Copper C1 of $1.41 per pound
– Nickel C1 of $4.40 per pound
• Realized metal prices
– Copper down 6%
– Nickel up 11%
• Comparative earnings of $474.5M or
$0.80 per share
• Cash flows from operations of
$1,361.4M(1)
3
Copper Production
tonnes
Nickel Production
tonnes
Nickel C1 Cost
US$/lb
Copper C1 Cost
US$/lb
(1) Before working capital and tax paid
105,176
Q4'13 Q1'14 Q2'14 Q3'14 Q4'14
9,934
Q4'13 Q1'14 Q2'14 Q3'14 Q4'14
1.35
Q4'13 Q1'14 Q2'14 Q3'14 Q4'14
4.52
Q4'13 Q1'14 Q2'14 Q3'14
4. 4
• Amended Zambian tax regime
⁻ Effective January 1, 2015
⁻ Reduced corporate tax to 0%
⁻ Increased royalties from 6% to 20%
⁻ Decreased EBITDA at Zambian operations
• VAT refunds outstanding
⁻ $246M claims at end of December
⁻ Classified as non-current
• On-going dialogue with government authorities to resolve
• Newly-elected President directed authorities to expedite talks and reach
prompt resolution
ZAMBIAN DEVELOPMENTS
5. ENSURING ABILITY TO WITHSTAND PROLONGED LOW METAL PRICE
ENVIRONMENT
• Reduced capital expenditure program
⁻ From $2.9B in 2014 to between $1.2B and $1.4B in 2015
⁻ Reflects completion of Sentinel, the smelter and other smaller projects
⁻ Workplan unchanged at Cobre Panama; $600M capex estimate for 2015;
project’s progress intact
• Lowered common share dividend to 10% of comparative earnings
• Identifying opportunities to further reduce operating costs and cash
outflows
• Continual engagement with bankers
• Lead bankers agreed to change Net Debt/EBITDA covenant and will recommend
change to broader lending group
5
6. ONE OF THE
FEW MINING
COMPANIES
INVESTING IN
BUILDING CAPACITY
6
7. BUILDING A LEADING COPPER-FOCUSED COMPANY
SENTINEL
7
$2B capital investment
>15 years mine life
55 Mtpa copper throughput
Production of up to 300 Ktpa copper
3 semi-mobile in pit crushers and
assembly of large scale mining
equipment
Large operating SAG/Ball mill trains
(100MW milling power)
690 staff houses plus 590 houses in
resettlement
Development of a new town, airport,
clinic, school etc….
11. • Processing capacity of 1.2 Mtpa
• Combination of concentrate from
Kansanshi & Sentinel
• Average copper grade 26%
• Production 300,000 Tpa copper;
1.0 Mtpa sulphuric acid
• Commissioning underway
BUILDING A LEADING COPPER-FOCUSED COMPANY
COPPER SMELTER
11
14. BUILDING A LEADING COPPER-FOCUSED COMPANY
Cobre Panama – A Tier 1 Copper Project
A large, robust project
– Installed capacity Yrs 1-10 = ~70 Mtpa
– Expansion up to 100 Mtpa beyond
Yr 10
– Average annual LOM* copper
production of 320,000 tonnes
– Average annual LOM by-product
production
100,000 ounces gold; 1,800,000
ounces silver and 3,500 tonnes
molybdenum
Mine life of 34 years
100% capex = $6.4B
Commissioning & 1st concentrate
production – Q4 ‘17
14
* On the basis of the current Resource estimate and the planned installed capacity of about 70 Mtpa
20. Forces at work in the copper market suggest a near–term price range
between $2.80 and $3.50 shifting to $3.50 to $4.00 within 2 years
$2.50/lb
Price floor on a quarterly basis
$2.80 /lb
Price floor on an annual basis
$3.00/lb
$3.50/lb
$4.00/lb
Analyst LT Consensus Price
2015-2016 Price Range
2017-2021 Price Range
90th percentile
Total Cash Cost +
Susex
90th percentile C1
2015 C1 adjusted for
• Updated WoodMac
cost curve
• Forex
• Oil $50/bbl
• Spot by-product prices
$2.05/lb
For what it’s worth…
Consensus for 2015
(January forecasts) is
$2.85/lb
20
21. C1 90th Percentile historically provided solid floor on quarterly basis
Over 72 quarters, price only
breached 90th percentile 3 times
– and by no more than 1¢/lb.
21
22. What production is likely to fall out if $2.50 Cu is sustained?
Of 1.8 Mt above the 90th percentile,
• 300 kt very vulnerable
• 300 kt somewhat vulnerable
• 1200 kt unlikely to close
$2.50/lb
• Reuters Poll in late January put consensus
copper market surplus at 220 kt.
• Will China’s State Reserve Bureau return as a
buyer?
22
23. No reason for this cyclical dip to behave significantly differently from
previous ones
• 90th percentile C1 ($2.05/lb) should provide floor on a quarterly
basis
• Relative to 23 Mt copper market, the currently forecast surplus is
small
• As miners cut costs there will be disruptions until operations
become accustomed to new environment
• At $2.50 copper, scrap collection will be slow
23
24. Design
Adjustments and
Substitution
Slowing Growth
Forces at work in the copper market suggest a near–term price range
between $2.80 and $3.50 shifting to $3.50 to $4.00 within 2 years
Rest of
2013 -
2015
Price
Range
90th percentile C1 cash
cost $2.20/lb ($4851/t)
and growing at 2.5% p.a.
on a real basis Price floor on a quarterly basis
$2.80 to $3.00/lb ($6174-
$6615/t), 90th percentile
Total cash + Susex cash
cost and growing at 2.5%
p.a. on a real basis
Price floor on an annual basis
$3.00/lb ($6615/t)
Strategic buyers see value
vs all-in cash costs and
future greenfield needs
$3.25-3.50/lb ($7166-
7718/t) Incentive price
for more marginal
Greenfield expansions
which are needed to
meet modest demand
growth
Real cost inflation , strained
balance sheets and need for
miners to have cash to replace
reserves
$3.75-4.00/lb ($8269-
8820/t) Short–term and
medium term corrections
to demand especially if
deficit is expected to be
prolonged
2016-
2020
Price
Range
Analyst LT
consensus
price
Strategic buyers and
traders , disruptions
and project issues
Mines depleting,
projects difficult
to build and fund
Chinese
Domestic
Scrap (LT)
China growth
slower than
expected
2015 -
2016
2017-
2021
China building
strategic reserves
China/Banks
deleveraging
$2.05/lb (4519/t)
24
27. A COPPER-FOCUSED, GLOBAL COMPANY
Signifiant Nickel and Gold Production
Operations and Projects in 9 countries
High-Quality, Stable, Efficient Operations
Industry-Leading Growth
Unique Core Strength of In-House
Project Development
Strong Track Record of Project
Development and Shareholder Returns
27
Copper
72%
Nickel
16%
Gold
6%
Zinc
2%
Other
3%
Revenues