Strategic & Precious Metals Processing Emin Eyi Al Al Lawati CEO SPMP CFO SPMP Lisbon, May 19 th 2016
Strategic & Precious
Metals Processing
Emin Eyi Al Al Lawati
CEO SPMP CFO SPMP
Lisbon, May 19th 2016
Disclaimer
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Welcome to SPMP
CORE VALUES
Environment: Protection of our permits and our environment.
Our People: Protection and health of our people and community.
Integrity: In dealings with all those that interact with us.
Excellence: In technology, innovation, quality and service.
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SPMP Technical Approach
Differentiation of SPMP technical approach to branding, sustainability
and provenance.
Safety. No harm to anyone in the pursuit of our goals.
Sustainability of operational effectiveness over entire product life cycle,
long term contract.
Procurement under transparent conditions, HSE provenance of
feedstock, diligence and assessing supplies.
SPMP Product Branding - Safety In Design - QAQC
Long-term sustainability and provenance of waste disposal in
coordination with Oman authorities.
Maximum efficiency to recovery all potential products. Minimisation of
waste production.
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Quality lead by design & testing
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Technical ‘the future’
Long journey with many due diligence reviews and technical milestones achieved successfully
Technical direction driven by:
Safety
Efficiency
Environmental BAT and better
Low Emissions
Sustainability
Branding & Quality – by Design
Provenance through diligence
Learning to improve for the future - Refractory Gold
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WorleyParsons in brief
Global, Oman and South Africa
Our global business • Major Projects | focusing on
large complex projects and
offering selective delivery in
PMC, EPCM, EPC.
• Services | delivering locally
based on a deep understanding
of local markets and customers’
expectations.
• Improve | optimizing the
performance of operating assets.
• Advisian | WorleyParsons
consulting combining commercial
and technical expertise.
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WorleyParsons in brief
WorleyParsons
134 offices | 44 countries | 28,300 people
Europe Middle East and Africa (EMEA)
9 locations | +6,500 people
WorleyParsons Oman
2 offices | +1,000 people
WorleyParsons RSA
15 offices | + 900 people
WorleyParsons Oman – in brief Focused on achieving In-Country Value and supporting the
development of Oman
Multiple customer sector business:
Hydrocarbons
Power
Minerals, Metals & Chemicals
Infrastructure & Environnent
Complete project lifecycle capability:
Concept, FEED, detailed design, construction,
commissioning , maintenance and operations support
In-Country delivery with support of WorleyParsons’ global
delivery centers
Recognized Omanisation leader
EPCM, EPC and PMC execution models
1000
people
25+Years of expertis
e
140Process
engineers
50+pipeline
specialists
15m+ engineering manhours since 1992
2Offices: Muscat &
Sohar
50+EOR
Projects
50+ pipeline
specialists
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WorleyParsons RSA - in brief
Over 35+ years of operations in Minerals, Metals and Chemicals (MMC)
sector
RSA considered a centre of excellence for:
precious metals processing and underground mine development;
Minerals, Metals & Chemicals project delivery centre in Sub
Saharan Africa
Acquisition of TWP in 2013 made WorleyParsons RSA one of the largest
specialised EPCM companies in Africa
Complete project lifecycle capability across the mining value chain
from “Exploration and Evaluation” to “Environment and approvals”;
Strong expertise in power and infrastructure as well as hydrocarbons in
the region;
1,500+ refining, chemicals and petrochemicals projects
100+ years of experience in Power
+900
people
35+Years of
expertise in MMC
30+ mega mining
projects run from
RSA
15 offices
850kengineering manhours in
MMC in FY2016
60+years of
expertise in Hydrocarbons
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The Mining Value Chain
supporting customers at every
step of the way
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Quick look back at our Benchmarking
analysis – March 2015
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Industry Cost Curve
Without by product credits
85% of industry cost curve
point requires a sustainable
metal price of U$9,300/t based
on current global energy prices
and current U$ strength
(weakness in producer
currencies). Both could change
to lift this 85% point higher in
future.
Therefore, the future sources
will require precious metal co-
values to prosper, or prices will
have to sustainably above the
85 percentile.
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Antimony price cycles in the past
The Industry destocking fears (Fanya and global markets) is reminiscent of the destocking after WW1 where Sb metal in ammunition stocks brought prices down to 5c/lb, it settled to 8c/lb after the stock fears (kind of where we are heading to now) and was volatile thereafter rising to 19c/lb following year. The actual units don’t matter, but the trough to peak of 3.8x is worth remembering. This last peak to trough cycle has also been a 3.8x.
Compared with Copper since 1900, the average ratio of 1.5x is presently at 1.0x despite Sb being 300x more scarce than copper.
Compared with Gold since 1897 required 8.7 ounces of gold to buy a tonne of antimony, today its nearer 4.7 ounces – all time lows.
Clearly, industry cost push cannot be ignored for long.
However, the Demand price resistance is just as important a Governor on the future long-term price for Antimony…..unless it is finds or improves the value added uses in the future.
The relative cheapness of Sb compared to its much higher scarcity has left it in a commoditised demand segment (5x more scarce than tungsten for example and by far a greater diversity and ubiquitous uses).
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Future Sources – regional example
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Future Consumers – regional example
Middle plastics production growth CAGR +8%pa 2020,
chemicals basin c 11% world market share.
Indian polyester production to double by 2030
Indian plastics industry CAGR +13% pa past 5 years
3rd largest consumer of polymers behind China & USA
+16% pa
Indian plastics consumes only 10kg per capita 2015,
China 38 kg, Europe +100 kg.
Yet, Indian plastics production still only represents 3% of
world plastics capacity, major new capacity increases
ahead.
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Thank you
www.spmp.co.om
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