BASE METALS DAY 08-10-10
Date: Friday 8th October 2010
Download Base Metals Day 08-10-10 post event report
AFTERNOON EVENT
Like steel, demand for the base metals broadly reflects the performance of the international economy. This is particularly the case for copper but is also true, to various degrees, for nickel, lead and zinc.
The fall in copper consumption in 2009 was relatively benign considering the state of the international economy, and the copper market is expected to move into deficit this year as demand for the metal continues to improve.
Base Metals Day 08-10-10 is an afternoon event
The Lincoln Centre
The Lincoln Centre is just minutes away from Holborn, Chancery Lane and Covent Garden underground stations.
Address:
The Lincoln Centre
18, Lincoln's Inn Fields
London
WC2A 3ED
Agenda
Base Metals Day
AFTERNOON EVENT
BASE METALS DAY AGENDA
14:00 – Registration
14:30 – Expert Speaker - Bloomsbury Minerals
14:50 - Metminco, Bill Etheridge
15:15 – EMED Mining, William Enrico
15:40 – Coffee
16:00 – Jabiru Metals, Gary Comb
16:25 – Tiger Resources, David Young
16:50 – Weatherly International, Rod Webster
17:15 – Fox Resources, Bruno Seneque
17:40 – Networking canapés and wine reception
Presenting Companies
Fox Resources is a diversified base metals explorer and producer with nickel, copper and zinc projects in the Pilbara of Western Australia, committed to growth through production expansion, diversification and exploration success.
Bloomsbury Minerals Economics Ltd is a London based consultancy focused on market analysis for base metals, particularly copper.
In Namibia, the Company’s future strategy is to re-establish a copper mining business capable of sustaining approximately 20,000tpa of copper at average industry cost of production for the next ten years.
Jabiru is an emerging low cost LME metals producer listed on the Australian Securities Exchange (ASX). Jabiru was floated on the ASX in January 2000 to develop the remnant resources of the old Teutonic Bore mine located in the Goldfields region of Western Australia, mined between1980-1985. A joint exploration venture with Inmet Mining (Australia) Ltd (“Inmet”) discovered the Jaguar resource 4km south of the Teutonic Bore site.
EMED Mining (AIM Code: EMED) is obtaining permits to restart the major Rio Tinto Copper Mine in Spain and progressing the 1.1Moz Biely Vrch gold deposit in Slovakia towards development.
Metminco (MNC), incorporated in Australia, is an ASX and AIM listed mining exploration company. It has a broad portfolio of exploration projects located in Chile and Peru, mainly focused on copper, but with significant exposure to gold, molybdenum and zinc.
Speakers
Tiger Resources Managing Director, David Young
Mr Young is a qualified geologist and a member of the Australian Institute of Mining and Metallurgy. He has extensive international exploration and mining experience in Africa, especially in francophone African countries, Australia, South East Asia and the Pacific region. Mr Young has held senior positions with major mining groups. Prior to joining Tiger he built up and managed a highly successful environmental solutions company providing services to the oil industry in Nigeria.
EMED Mining, COO, William A, Enrico
Willam A. Enrico is COO of EMED Mining and Managing Director of EMED’s Spanish Subsidiary, EMED Mining Spain. A native of Morenci, Arizona USA, Bill holds a B.S.in Metallurgical Engineering from the University of Arizona and has over 30 years experience in the Mining and Metallurgical Industries.
Nearly half of Bill’s career has been in expatriate assignments including General Manager of Production for Southern Peru Copper Corporation, General Director of the Pirdop (Bulgaria) Copper Smelter for Umicore S.A.,Vice President of Operations for Skye Resources in Guatemala, and President of Compania Guatemalteca de Niquel in Guatemala. Bill has also worked for Phelps Dodge, Kennecott, and Asarco in the United States. Bill and his wife Sherry currently reside in Aracena, Spain near EMED’s PRT project in Minas de Riotinto
Metminco, Bill Etheridge (B.Eng, MA (Cantab))
Bill Etheridge has over 30 years experience in the mining and mining finance industry. He worked initially as a mining engineer with Hamersley Iron in the Pilbara, then as an economist / investment analyst in London with Consolidated Gold Fields, and later Renison Goldfields in Sydney. After a long career in stockbroking through to the late 1990s, working mainly in research, and also equity raising, for firms including Merrill Lynch, ABS White and HSBC James Capel, he switched to mining investment consulting, then returned to executive duties with mining companies, including Selwyn Mines, Nimrod Metals and, since 2005, Hampton Mining and Metminco.
Jabiru Metals, Gary Comb, Managing Director

Gary Comb has more than 25 years experience in the mining industry, having worked at senior levels for a number of mining and contracting companies.
After qualifying as an engineer, Gary worked for a number of gold mining companies including Central Murchison Gold and St Barbara Mines. He subsequently held a range of senior positions with gold producer Metana Minerals NL including the position of Operations Director.
During the next 12 years, Gary held senior executive roles with mining contractors, including eight years with Macmahon Contractors before taking up the role of Chief Executive Officer of BGC Contracting.
Gary initially joined Jabiru Metals prior to the IPO as a non-Executive Director. He was appointed as Managing Director in 2003.
Since taking on the full-time Managing Director's role, Gary has progressed the Jaguar zinc/copper project from concept through feasibility to production. The Jaguar Operation is one of the few new zinc mines to be developed in the past 10 years in Australia – the basis for the future growth of Jabiru.
Weatherly International Plc, Rod Webster, CEO

Mr Webster is a graduate mining engineer from the University of Sydney. He is a Fellow of both the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors He has over 35 years of experience in the resources industry , including more than 15 years in managing director or chief executive officer positions in Australia, SE Asia and Africa. He is currently the CEO of Weatherly International Plc. An AIM listed company currently developing copper mines in Namibia.
Fox Resources, Bruno Seneque, Managing Director
Bruno Seneque has been with Fox Resources Ltd since 2004, including his role as Finance Director from 2005 – 2008. He has over 14 years in corporate accounting and financial management of resource companies.Previous experience includes Company Secretary & Financial Controller to Haddington Resources Ltd and Group Accountant to Titan Resources Ltd. Mr Seneque has had a 10 year involvement with Radio Hill.
Bloomsbury Minerals , Peter Hollands, Managing Director
Peter was the company’s founder and – sixteen years on - remains its Managing Director. He has thirty-five years working experience of geology and minerals economicsPeter has a B.Sc. degree in Geology from University College London and began his career in geophysical data processing, then moved to oil exploration in Libya. Returning to the UK, he worked for five years at the International Tin Council, focussing first on tin industry statistics generally, then on production costs and on tin consumption in tinplate and solder. He then spent eleven years at Commodities Research Unit, where he was appointed Research Manager, Copper Production.
In 1993, Peter left CRU to form BME. In BME’s Copper Briefing Service, he created a new type of analytical product: one with the easy accessibility of a newsletter, but the depth of statistical analysis and forecasting that until then had only been seen in quarterly reports. He was Editor of the Briefing from the first issue, in September 1993, until end-January 2009, after which Paul Dewison took over that role. Peter worked closely with Adam Sotowicz (and later with Mire Zloh) from 2002 on developing fundamentals-based price models, driven by exchange stocks, global industrial production growth and currency effects. These models were very effective forecasting vehicles until the second half of 2005, when price behaviour began to change, as long-only investments via index funds began also to impact on prices.
In December 2005 and January 2006, Peter developed the ideas (on which a new generation of mathematical models was based) that are only now becoming widely accepted: that the base metals had become hybrid financial and industrial raw materials markets, with financial drivers becoming dominant. By late 2009, Peter’s research focus was on how base metals markets might eventually return to equilibrium after adjusting to this dual role: financial instrument and industrial raw material.
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