6th South African Ferro-alloys - Metal Bulletin South African Ferro-Alloys... · Metal Bulletin...
Transcript of 6th South African Ferro-alloys - Metal Bulletin South African Ferro-Alloys... · Metal Bulletin...
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Ferro-alloys6th South African
Conference18-19 September 2013
The Indian Ferro Alloy Producers’ Association
Confirmed speakers include:
lTribe Bhengu, Head of Projects, BHP Billiton, South Africa
l Jürgen Schalamon, CEO, Samancor Chrome, South Africa
l Johan Kriek, CEO, United Manganese of Kalahari, South Africa
lSechaba Letaba, CEO, Kudumane Manganese, South Africa
lDavid Elwood, CEO, Metmar, South Africa
lHan Zheng, Deputy GM Chrome & Manganese, Shanghai TsingshanMineral Co., China
lCui Min, Analyst, Beijing General Research Institute of Mining andMetallurgy, China
lMbuyazwe Magagula, Head of Mining and Beneficiation, Industrial Development Corporation, South Africa
lMoritz Hill, Director, Cronimet Chrome SA, South Africa
lKevin Fowkes, Managing Consultant, Alloy Consult, UK
lShaun Nel, Director, Energy Intensive Users Group, South Africa
Joint rates availableto attend the
Chromite Conference 2013
In the ferro-alloys industry all eyes areagain on South Africa, with miningmaking headlines on both a domesticand an international level. Recurrentpolitical and social unrest in particularmeans one of the world’s mostimportant ferro-alloys producersremains a source of uncertainty forthe global industry.
The future of the ferro-chrome industrydepends heavily on developments in SouthAfrica and so far the picture looks blurry, withtalks about a chrome ore export tax betweenthe government and the ore and alloy producersstill not decisive. Manganese alloys productionhas had a boost with BHP’s recent capacityincrease, but it is unclear that this is the trendother producers will follow, especiallyconsidering lower than expected alloys prices.
And, crucially, what will the future solution forsustainable energy supplies in South Africa beand how will it impact the ore/alloy exportbalance from the country.
Metal Bulletin Events’ 6th South AfricanFerro-alloys Conference in Johannesburg willanswer these questions and more withspeakers from the international industry andthe key players in the region in attendance.
Ferro-alloys6th South African
Conference18-19 September 2013Hyatt Regency, Johannesburg
Benefits of attending:
Networkwith the key decisionmakers from the length of theferro-alloys supply chain andgovernment bodies
Understandwhere the supply/demand balance for chrome,manganese, nickel and vanadiumcurrently stands
Discoverhow the newmanganese projects in South Africawill evolve in the future
Findout how energy andinfrastructure constraints might beovercome to fully unlock thepotential of the region
Hearwhat effect the recentgovernment national beneficiationand industrialisation programme willhave on the ferro-alloys markets inSouth Africa
Chinese exports of high-carbon ferro-chrome (‘000 tonnes)Chinese ferro-chrome exports during Q1 were higher than during the whole of 2012 as producerslook for higher prices outside of China
European HC ferro-chrome price vs global stainless steelproduction (% change y-o-y)Ferro-chrome prices declined in early 2013 y-o-y despite gains in stainless output
Source: ISSF, Metal Bulletin Research
Source: Metal Bulletin Research
100
90
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60
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30
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0Q1 12 Q2 12 Q3 12 Q4 12 Q1 13
Mar 10 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13
70
60
50
40
30
20
10
0
-10
150
100
50
0
-50
Global stainless output (LHS)
European FeCr price (RHS)
Day one:Wednesday 18 September 2013
Outlook on steel & ferro-alloysdemand worldwide
14:00 Chairman’s opening remarks
14:15 European stainless steel industry and itsimplications for the ferro-chrome market• Consolidation of the stainless steel industry and its impact on the
ferro-alloys industry• Stainless steel production in Europe - is demand for stainless steel
in Europe likely to bounce back? Will it have an effect on capacitiesor will it be only a correction?
• Outlook on the ferro-chrome supply/demand balance in Europe-can it ever be self sufficient?
Mauri Kauppi, General Manager, OutokumpuChrome Oy, Finland*
14:45 Growth in Chinese stainless steel production-will it continue?• Stainless steel as a strategic industry - will the Chinese economy
increase its dependence on specialised steel products?• Supply/demand balance - will the Chinese market continue to
consume all output? Will China eventually become an exporter ofstainless steel?
• Cost of production - can China compete on the global scale, whatadvantages does it have?
• Sourcing raw materials - will investments into ferro-alloys continue?
Han Zheng, Deputy GM Chrome &Manganese, Shanghai Tsingshan Mineral Co., China
15:15 Index pricing in the chrome industry - is thechange in the pricing mechanism a trend? • Why we launched the index and why we set it up this way?• How the index works? • How the index captures prices and market trends?
Janie Davies, Senior Correspondent, Metal Bulletin, United Kingdom
15:30 Networking break
Managing the costs of productionof ferro-alloys – challenges and opportunities
16:15 Technology efficiency and its impact on ferro-alloys production in South Africa• Managing energy input – can new energy solutions really have an
impact on the bottom line. Where are the savings?• Optimisation in South Africa - what solutions are best suited to the
current market conditions; where can domestic producers reallygain an advantage?
• Comparison of capital cost per production unit - best availablepractices for maximum return on investment in chrome andmanganese markets
Dirk Slabbert, Vice President: Ferrous Solutions,Outotec Sub-Saharan Africa, South Africa
16:45 Case study: Cost of ferro-chrome production –a comparative analysis• Cost of production in South Africa Vs. cost of smelting in China
Kevin Fowkes, Managing Consultant, Alloy Consult, UK
17:15 Chairman’s closing remarks
17:30 Welcome drinks reception co-hosted with theChromite Conference
Day two:Thursday 19 September 2013
Keynote presentations:09:00 Chairman’s opening remarks
09:15 DMR’s social labour plan and its’ impact on the mining and ferro-alloys industry in South Africa
Invited speaker: Godfrey Oliphant, MP, Deputy Minister of Mineral Resources, South Africa
09:45 Future of manganese assets in South Africa- can beneficiation protect its dominant global position?
• Manganese operations in South Africa- is the industry’s future onthe ore or alloys side?
• Challenges and opportunities on the energy and infrastructure side- can a challenge be turned into an opportunity?
• Beneficiation policy- what real value does it create for the ferro-alloys industry? What value will it bring in the long term?
Tribe Bhengu, Head of Projects, BHP Billiton, South Africa
10:15 Networking break
Energy-unlocking potential
11:00 Panel discussion: The future of energy pricingand availability in South Africa- outlook forthe next 5 years• Change in Eskom’s energy pricing system- how can extended
predictability of tariffs influence management of energy for ferro-alloy producers?
• Update on the new sources of power generation - timeframe andpredicted capacities of Medupi and Kusile plants
• Working with industrial customers- what incentives can be used byferro-alloys producers to increase their power allocation if needed?
• IPPs – can cooperation between Eskom and private initiativeprojects work in South Africa?
• What are the means available? What energy sources make mostsense and what is the cost of investment?
• What role will long term power strategies play in the investmentsand expansion of the ferro-alloy businesses?
• Energy efficiency: should ferro-alloy producers be investing in newtechnology? Does responsible energy management need tobecome a part of the ferro-alloys business?
Metal Bulletin Events reserve the right to alter the venue, timings and/or speakers. ©Metal Bulletin Events, part of Euromoney Trading Limited
• Alternative power generation: Are the co-generation plants acommercially viable option in the long term?
• Climate change and carbon pricing - what impact will it have onthe cost of energy? Can South Africa benefit?
Shaun Nel, Director, Energy Intensive UsersGroup, South Africa
Chrome industry as a two tiermarket –what will the future holdfor South African production?
11:45 The Ferro-chrome market in survival mode - will South Africa come out on top?• Future of the ferro-chrome industry - worldwide supply/demand
balance, are the fundamentals of the industry still strong?• South African position in the global supply chain - is the industry
comfortable or are there changes on the way? • End of electricity buy back schemes, how much capacity will come
back onstream?• Strategy for growth - should South Africa focus on more niche
markets taking advantage of its high quality chrome ore?
Jürgen Schalamon, CEO, Samancor Chrome,South Africa
12:15 Lunch
13:45 China and the ferro-chrome industry – will itcontinue to dominate?• China as the world’s biggest ferro-chrome producer - predicted
capacities and the pace of growth• Why is China investing so much in ferro-chrome production? Is the
government backing up the developments?• Chrome ore sourcing - does China purely rely on South Africa? • Are Chinese companies interested in off take agreements and
greenfield chrome ore exploration projects in Africa?
Cui Min, Analyst, Beijing General ResearchInstitute of Mining and Metallurgy, China
14:15 Panel discussion: Domestic beneficiation ofchrome ore Vs. exports - what direction willwe see the market taking?• Managing chrome ore production- why is the market oversupplied
and do we see it over the whole spectrum of products? Whateffect does it have on prices?
• Arguments for beneficiation- how can South Africa extract thebest value for its chrome ore reserves?
• What will be the impact of the UG2 markets on the future ofchrome? How will the industry influence the chrome ore export talks?
• Even if more UG2 is sold locally, will there be more ferro-chromecapacity available to smelt it?
• Impact of the chrome ore tax on non-integrated chrome oreproducers – can it push the industry to consolidation?
• View from an international perspective: how will Chinesedominance on the ferro-chrome market potentially affectsupplies in the future?
• Potential of ore tax on chrome could bring possibility of ore tax onother commodities, what markets could be affected?
Mbuyazwe Magagula, Head of Mining andBeneficiation, Industrial DevelopmentCorporation, South AfricaMoritz Hill, Director, Cronimet Chrome SA,South Africa
15:00 Networking break
Manganese market outlook – aglobal and regional perspective
15:30 Panel discussion: New capacities in theKalahari basin- what will the effect be onglobal manganese markets?• Long term view of the manganese market - how much ore will
be needed in the future? and is the market supported by strongfundamentals?
• How will additional output out of South Africa influence themarket supply/demand balance? How will producers approach themarket with their material?
• China factor - are domestic pressures in the manganese marketsencouraging further manganese ore expansions?
• Projects in the Kalahari basin - what is the timeline of new capacitycoming onstream?
• Grades of ore available - will the new output differentiate itselffrom the material already available on the market?
• What will happen with the extra manganese ore capacity, will it bebeneficiated or exported?
• Getting the financing - is the unstable situation in the miningsector in South Africa making securing funds impossible?
• Logistics - how will additional material be moved? What will be theimpact on the operational costs?
Johan Kriek, CEO, United Manganese ofKalahari, South AfricaSechaba Letaba, CEO, KudumaneManganese, South AfricaDavid Elwood, CEO, Metmar, South Africa
16:15 Metal Bulletin Manganese Ore Index -methodology and results• Why we launched the index and why we set it up this way?• How the index works? • How the index captures prices and market trends?
Inaki Villanueva, Index Analyst, Metal Bulletin Index, United Kingdom
16:30 Logistics update on the upgrade of themanganese railway corridor into CoegaIndustrial zone• Scope of the project - how much additional capacity will we see
and what are the challenges to overcome?• Timeframe of the project - how will we see the developments
unfolding and when can we expect upgrades to be completed?• Impact on the freight rates - how will the cost of the project put
pressure on prices in the near future?
Senior Representative, Transnet Freight Rail,South Africa
17:00 Chairman’s closing remarks and end of the conference*Subject to final confirmation
Metal Bulletin Events reserve the right to alter the venue, timings and/or speakers. ©Metal Bulletin Events, part of Euromoney Trading Limited
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A conference for:
lChrome & ferro-chrome producers
lManganese & ferro-manganese producers
lFerro-vanadium & ferro-silicon producers
lFerro-alloy buyers
lStainless steel producers
lFerro-alloys traders
lLogistics providers
lEnergy providers
lFinanciers & investors
lEquipment providers
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REGISTRATION RATESBefore 19 July 2013 $1,799Before 9 August 2013 $1,999Full standard rate $2,299Joint rates available to attend the Chromite Conference 2013 [email protected] or call the credit card hotline on +44 (0) 20 7779 7222
6th South AfricanFerro-alloys Conference18-19 September 2013 • Hyatt Regency, Johannesburg
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