Event Details

Thank you for your support at the 2019 PGMs Industry Day.

Speakers included:

Chris

Chris Griffith,

Chief Executive Officer, Anglo American Platinum


Thabile

Thabile Makgala,

Executive: Mining, Impala Platinum; Chairperson, Women in Mining SA (WiMSA)


Paul

Paul Dunne,

Chief Executive Officer, Northam Platinum


Steve

Steve Phiri,

Chief Executive Officer, Royal Bafokeng Platinum


Gerick

Gerick Mouton,

Senior Vice President, Ivanplats


Joseph

Joseph Mathunjwa,

President, AMCU


Roger

Roger Baxter,

Chief Executive Officer, Minerals Council South Africa


Stephen A.

Stephen A. Forrest,

Director and Chairman, SFA Oxford (Oxford)


Richard

Richard Stewart,

Executive Vice President Business Development, Sibanye-Stillwater


Suki

Suki Cooper,

Executive Director, Precious Metals Research, Standard Chartered Bank (via live link up with New York)


Huw

Huw Daniel,

Chief Executive Officer, Platinum Guild International Hong Kong Limited (Hong Kong)


Emma

Emma Townshend,

Executive: Corporate Affairs, Implats


Benny

Benny Oeyen,

Executive Head Market Development, Anglo American (London)


Bernhard

Bernhard Fuchs,

Senior Vice President Precious Metals Management, Umicore AG (Frankfurt)


Kevin

Kevin Eggers,

Partner, AP Ventures LLP (London)


Uwe

Uwe Zink,

Technical Manager, Regulatory Affairs, BASF


Mandi

Mandi Dungwa,

Portfolio Manager, Kagiso Asset Management


Lazar

Lazar Naiker,

Head of Resources, Sanlam Investments


Simon

Simon Kendall,

Portfolio Manager, Prudential


The PGMS Industry Day 2019



Resources 4 Africa was pleased to host the 2019 PGMs Industry Day, which took place on Tuesday 9th April 2019 in Johannesburg. This year’s theme was strategies for a long-term, sustainable industry and the event examined where we find ourselves now, have we moved on or are we still in “crisis”? What can we do to revitalize the industry and ensure the long-term survival of the PGMs sector?

 

 

2019 PGMs Industry Day

For Producers, Investors & Users of PGMs

Strategies for a long-term, sustainable industry

Tuesday 9 April 2019
The Country Club Johannesburg, Auckland Park
08h00-17h00

 

Captains of industry and senior representatives of the PGMs sector discussed and debated important questions including:

 

  • The major risks facing the industry this year
  • Planning in the current price environment: benefits and consequences of the recent price rally
  • Capital expansion projects and new investments
  • What it takes to invest in new developments that result in job creation
  • How do we re-invigorate and re-vitalize the industry?
  • What can the industry do to create more demand for its products?
  • Where will future growth come from?
  • What type of PGMs investments are investors looking for?

 

Chaired by Bernard Swanepoel and organised by the Joburg Indaba team, this 2nd edition of the PGMs Industry Day once again brought a frank, open and honest approach to tackling the key issues facing the PGMs industry. Leading local and international players explored the opportunities for change and growth including:
 

Chris Griffith, CEO, Anglo American Platinum
Thabile Makgala, Executive: Mining, Impala Platinum;
Women in Mining SA (WiMSA)

Paul Dunne, CEO, Northam Platinum
Steve Phiri, CEO, Royal Bafokeng Platinum
Gerick Mouton, 
Senior Vice President, Ivanplats
Richard Stewart, Executive Vice President Business Development, Sibanye-Stillwater
Joseph Mathunjwa, 
President, AMCU
Roger Baxter, 
CEO, Minerals Council South Africa
Stephen A. Forrest, Director and Chairman, SFA Oxford (Oxford)
Suki Cooper, Executive Director, Precious Metals Research, Standard Chartered Bank 
(via live link up with New York)
Huw Daniel, CEO, Platinum Guild International Hong Kong Limited (Hong Kong)
Benny Oeyen, Executive Head Market Development, Anglo American (London)
Emma Townshend, Executive: Corporate Affairs, Implats
Bernhard Fuchs, Senior Vice President Precious Metals Management, Umicore AG (Frankfurt)
Kevin Eggers, Partner, AP Ventures (London)
Uwe Zink, Technical Manager, Regulatory Affairs, BASF (Germany)
Mandi Dungwa, Portfolio Manager, Kagiso Asset Management

Investors and analysts examined the current investment sentiment towards PGMs, the supply/demand dynamic and forecasts for the major PGMs markets – automotive, industrial and jewellery.

 

PLUS, delegates heard a frank and honest conversation with AMCU’s Joseph Mathunjwa, who reflected on the current labour relations issues and what needs to be done going forward to repair relationships with industry and positively impact job creation.



Bernard Swanepoel 3x2
Chair: Bernard Swanepoel


 Programme at a Glance:

08:00     

Registration


09:00     

Chairman's Welcome
    Bernard Swanepoel


09:15      

A new strategy for the Platinum Sector
    Roger Baxter, Chief Executive, Minerals Council South Africa


09:45     

The State of the Industry

The current challenges faced by the PGMs industry
What are the major risks facing the industry this year?
Economic, political, Eskom, community disruptions, wage negotiations?
Where are we now? Have we moved on or are we still in “crisis”?
Do we have “unfinished” business?
What are the major post Mining Charter challenges?
What can the PGMs industry do to re-invigorate the platinum market?
Productivity, consolidation, input costs, regulatory issues?
What of the recent price rally? Benefits and consequences?
How do producers plan in the current price environment?
What can the industry do to create more demand for its products?
Are we doing enough for market development?

    Chris Griffith, CEO, Anglo American Platinum 

Followed by Discussion, Q&A
What could some solutions be to the major challenges facing the industry this year?


10:30

Morning Refreshments


11:00

Industry Panel Discussion: Where will the next mines come from?

Where will future platinum growth come from?
Is deep level mining still viable? Will we get replacement in time?
Are today’s prices mine closure prices or new investment prices?
What is the incentive price for job creation?
Do companies envisage new investments?
How do we grow the industry?
Where will capital come from?
Is restructuring, consolidation really the only option?
Do we envisage further mine closures?
Are further government incentive needed to boost the sector?
What does it take to invest/expand/grow?

    Paul Dunne, CEO, Northam Platinum 
    Steve Phiri, CEO, Royal Bafokeng Platinum 
    Thabile Makgala, Executive: Mining, Impala Platinum 
    Gerick Mouton, Senior Vice President, Ivanplats


12:00

Organised Labour’s Role in Revitalizing the PGMs Industry: A conversation with Joseph Mathunjwa

Reflections on the past year: what have been the major pluses and minuses?
What is Labour arguing for? What should change?
Three things mining companies, government and unions should do to revitalize and ensure future viability of the industry.

    Joseph Mathunjwa, President, AMCU 


12:45

Lunch and Networking


13:45

PGM miners or platinum miners: market dynamics of tomorrow’s basket

The supply/demand dynamic as it is today and over the next five years
Have the supply/demand dynamics changed?
What is the current market sentiment towards PGMs?

    Stephen A. Forrest, Director & Chairman, SFA Oxford


14:20

The Basket Case: Implications for Market Development Strategies

    Richard Stewart,
Executive Vice President Business Development, Sibanye-Stillwater


14:30

Investors Panel Discussion: Current investors’ perceptions of the PGMs industry

    Chair:  Emma Townshend,
Executive: Corporate Affairs, Implats

What type of PGMs investments are investors looking for?
Is there now a compelling investment case?
Are mining equities and ETFs considered differently?
Does the investment case differ between South African and global funds?
Has the post Mining Charter environment in SA translated into increased investment into PGMs?
What are investors saying about ESG challenges?
What role does market development play?

    Suki Cooper, Executive Director, Precious Metals Research, Standard Chartered Bank
    New York (via live link up with New York)

    Mandi Dungwa, Portfolio Manager, Kagiso Asset Management 
    Lazar Naiker, Head of Resources, Sanlam Investments 
    Simon Kendall, Portfolio Manager, Prudential


15:15

Afternoon Refreshments


15:45

Demand, Growth, Future Markets, Applications

    Chair: Benny Oeyen, Executive Head, Market Development PGMs,
    Anglo American, London


Will we see significant demand growth in the metals?
Where is the opportunity to influence the demand/supply balance and shape future demand?
Where will future demand come from:  the jewellery industry; the future automotive world; industrial sector?

    Huw Daniel, CEO, Platinum Guild International Hong Kong Limited
    Uwe Zink, Government Relations, BASF 
    Bernhard Fuchs, Senior V-P, Precious Metals Management, Umicore AG 
    Kevin Eggers, Partner, AP Ventures


17:00

Chairman’s Closing Remarks


17:15 -
19:00            

Drinks Reception



Mining Industry Partners:

5MIP Logos for PGMs


Sponsor:

DRA PGMs site 2019


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The PGMs Industry Day was brought to you by Resources 4 Africa, the organisers of the Joburg Indaba.

“By the industry for the industry”