09.00 Departure on optional field trip to Aurubis Olen refinery
17.00 Registration desk opens
18:00 Cocktail reception
09.00 Opening remarks
09.10 Welcome address
09.40 Executive Industry Panel
- Senior copper executives examine and discuss global industry challenge and strategy
- The macreconomic outlook and what this means for copper demand
- China, China, China where is the worlds biggest player having greatest impact today?
- How will geopolitical issues shape the global copper landscape as we head toward the next decade?
- Export restrictions, higher taxes, increased royalties, conflict minerals, environmental legislation how should the mining industry respond?
- Where does investment need to be focused today in order to ensure a growing, profitable and sustainable copper industry in the future?
- Growing copper usage: are current R&D, education and marketing initiatives enough to maintain the upward momentum?
- From selling production to offering solutions how can this open up new markets for copper and its alloys?
- Are miners responding fast enough to the challenge of finding good quality, large-scale and accessible orebodies?
- Accountability, integrity, respect and collaboration and their role in sustainable production
- Emissions, spills and accidents is copper mining doing enough on the HS&E front?
Ulrich Becker, CEO, KME Germany GmbH, Germany
Raj Kohli, Global Head of Mining & Metals, Standard Bank, UK
Javier Targhetta, SVP, Freeport-McMoRan Copper & Gold, USA & President, Atlantic Copper, Spain
Stefan Boel, Executive Board Member, Aurubis AG, Germany
11.00 Refreshment break
Session II: Mine supply under the microscope
11.30 Examining the concentrate:smelter balance is it truly a buyers market today?
- Will the current easier supply conditions continue through into 2016-2017?
- The disruption factor how much existing supply has been lost and are mining developments on track?
- How is the changing composition of concentrates impacting on real availability for the smelter?
- Are we seeing a two-tier concs market emerging?
- The mine production cost curve how much of current production is vulnerable?
Paul Benjamin, Principal Analyst Copper Markets, Wood Mackenzie, UK
12.00 New projects perspective when, where, how much?
- Exploration activity and focus are they bringing new deposits to light?
- Are the most advanced projects on track? What about those at prefeasibility and feasibility?
- Of the major new projects how much will be in the form of electrowon cathode and not concs?
- How much of the new supply will be available for the third party marketplace?
- Are we seeing a revival in North American mining? What of Latin America beyond Chile?
- Asian copper prospects - are the likes of Mongolia, Philippines and SE Asia truly open for investment?
12.30 Mine economics and financing options
- In cost terms where will new supply need to be in order to meet lender criteria?
- Which projects offer the best in term of margins and cash flow?
- Capex inflation with some investments in excess of $4bn, who will provide the funding and at what copper price?
- Does financing remain a major headache for the lower and mid-tier miner?
- How are changing mining policies and tax structures creating additional development risk?
Raj Kohli, Global Head of Mining & Metals, Standard Bank, UK
Session III: Digging deeper into regional supply dynamics
14.30 Can Chile remain king of copper and Codelco the jewel in the crown?
- Where does the country stand today in terms of resources, reserves and output?
- How much new production is there in the pipeline?
- What impact will lower grades, taxes, energy and water supply have future on output and profitability?
- $23.5bn simply to stand still in tonnage terms; what more can Codelco do to raise production over the longer term?
Alfredo Atucha Abad, VP Finance and Administration, Group CFO, Antofagasta Minerals, Chile
15.00 Reassessing the Copperbelts competitive edge
- What are the main operational, infrastructure and fiscal hurdles for a large producer in the Copperbelt?
- What benefits or indeed drawbacks does vertical integration offer?
- Can government and stakeholders in Zambia find a solution that is fair to all and also sustain industry growth?
- Balancing employment creation with automation and profitability
- How are the development of Konkola Deep and other projects at KCM helping to preserve margins and restore production levels?
Steven Din, CEO, Konkola Copper Mines, Zambia
15.30 Refreshment break
16.00 Session IV: Global markets panel the analysts share and compare views
- What key economic factors are driving copper demand and prices in Europe, Asia, the Americas?
- From mine to market where the surpluses and where are the deficits?
- So far disruptions have limited mine supply growth but will we see a glut of concentrates hit the market in 2015?
- Will increased mine supply lead to dumping of concs in 2016?
- What do they all add up to and is the overall impact more sentimental than real?
- How much of a swing factor are scrap supply and prices? Has their impact diminished as concs supply increases?
- High usage growth figures fact or fiction? Is demand for end-use or hording?
- Where are the stocks of refined copper, and how much?
- How real is Chinese demand growth or is most just restocking for better days?
- Which market segments are showing greatest strength? How is this being reflected in fabrication rates?
- What expectations for prices, premiums and TC/RCs as we move through 2016?
- Will terminal market developments impact much on market dynamics?
Panellists include: Dan Smith
Gayle Berry, Metals Strategist, Jefferies Bache, UK
Natasha Kaneva, Executive Director Global Commodities, J P Morgan, USA
Masatoshi Kawada, Planning & Coordination Dept. (Research Team), Pan Pacific Copper, Japan
George Cheveley, Portfolio Manager, Investec Asset Management, UK
, CEO, Dan Smith Commodities Research Ltd
17.30 Close and post-session networking drinks
09.00 Opening remarks
Session V: Moving midstream examining the smelter and refinery segment
09.10 Is global capacity positioned to address concentrate supply and metal needs?
- With concentrate back in surplus, how have smelter and refinery economics improved?
- Using scrap in the feed mix to keep costs down what adaptations need to be made for optimal throughput?
- How are sulphuric acid market dynamics impacting on copper smelting?
- Is more or more precisely more modern capacity needed and where?
Tim Smith, VP Copper Technology Mining & Metallurgy, SNC Lavalin UK Ltd, UK
09.40 Smelting and refining industry growth in China has the industry plateaued?
- How are legislation and government reforms impacting on capacity and investment?
- Do imports/overseas investment offer an adequate solution for demand growth needs or is more domestic capacity required?
- How easily can the Chinese industry switch between concs and scrap?
- What of energy, sulphuric acid, labour and other inputs? How are these impacting on smelter and refinery profitability?
Lu Ganping, General Manager, JCC Jinrui Futures, China
10.40 Refreshment break
Session VI: Keeping consumption on an upward track
Moderator and introduction: John Schonenberger, Chief Executive, European Copper Institute, Belgium
11.10 Global consumption analysis is it still all China?
- Will it be largely the emerging markets that continue to drive demand growth in absolute terms?
- Is usage in new applications revitalising growth in the older established markets?
- Do price and volatility still remain a threat in certain end-markets?
- Global competitive challenges in the copper semis trade
Jonathan Barnes, Principal Analyst - Copper Demand, Wood Mackenzie, UK
11.40 Structural change and the competitive challenge in the global wire and cable business
- Does coppers biggest end-use market continue to show strong growth rates?
- Which applications and geographical regions are driving demand?
- Has consolidation slowed? Does overcapacity in some areas remain an issue?
- The rise and rise of Chinese wire and cable what does this mean for the industry health as a whole?
- Material substitution is copper winning or losing ground?
Josie Armstrong, Head of Consultancy, Integer Research, UK
12.10 Panel discussion: Fabricators and manufacturers discuss downstream and consumption trends and dynamics
- How well positioned is the downstream supply base positioned to meet growth?
- Where is more investment needed rolled products, rods, tubes, engineered products, etc?
- Structural and financial hurdles does there need to be further consolidation of the sector?
- How is the fabricating business faring today in terms of margins and financial health?
- How are order books from the construction, electrical, transportation and HVAC sectors?
- As aluminium prices firm and copper remains stagnant to weak, have substitution dynamics altered?
- Coppers application in high-tech, health, environmental and renewable energy applications what opportunities do these provide for the fabricator?
Monica di Cosimo, Co-founder and Partner, Cu2 Consulting, Italy
A representative of La Farga Group, Spain
13.15 Close and lunch
Note: Metal Bulletin Events reserves the right to alter the venue, timings and/or speakers