Review and Pit Optimization of Eti Gümüs Silver Mine in Turkey
46
Review and Pit Optimization of Eti Gümüs Silver Mine in Turkey (according to international standards) (according to international standards) Authors: Authors: • Dirk Wagner Senior Project Manager IMC-Montan Consulting GmbH Muhanned Arar GM Exploration and Development Yildizlar SSS Holding • Muhanned Arar GM Exploration and Development Yildizlar SSS Holding • Ulrich Ruppel Mining Director (CP Mining AusIMM) IMC-Montan Consulting GmbH 2013 | Slide 1 www.imcgcl.com I www.dmt.de
Transcript of Review and Pit Optimization of Eti Gümüs Silver Mine in Turkey
Review and Pit Optimization of Eti Gümüs Silver Mine in Turkey (according to international standards)(according to international standards)Authors:Authors:
• Dirk Wagner Senior Project Manager IMC-Montan Consulting GmbH Muhanned Arar GM Exploration and Development Yildizlar SSS Holding• Muhanned Arar GM Exploration and Development Yildizlar SSS Holding
• Ulrich Ruppel Mining Director (CP Mining AusIMM) IMC-Montan Consulting GmbH
20 October 2007 | Page 1 www.dmt.de2013 | Slide 1 www.imcgcl.com I www.dmt.de
Contents
1. Introduction
2. Project
3. Base Parameters
4 Results4. Results
5. Future
20 October 2007 | Page 2 www.dmt.de2013 | Slide 2 www.imcgcl.com I www.dmt.de
Contents
1. Introduction
2. Project
3. Base Parameters
4 Results4. Results
5. Future
20 October 2007 | Page 3 www.dmt.de2013 | Slide 3 www.imcgcl.com I www.dmt.de
Introduction
• Eti Gümüs – largest silver producer in Turkey
• Preparation for IPO (Istanbul)• Preparation for IPO (Istanbul)
• International Mining Consultancy was required for preparation g y q p p
of a report following Canadian NI 43-101 / JORC Code
• Yildizholding selected IMC-Montan Consulting, a subsidiary of
DMT GmbH & Co. KG, member of TÜV-Nord Groupp
• Scope of Work: - Operational and Life of Mine Plan (LOM)
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- NI 43-101 / JORC Code report
IntroductionYILDIZLAR SSS YILDIZLAR SSS HOLDING HOLDING A.S.A.S.
MINING GRUOPMINING GRUOPCERAMIC/GRANITE CERAMIC/GRANITE
GROUPGROUPENERGY ENERGY &PETROL&PETROL OTHER OTHER SERVICESERVICE
ETI GUMUS A.SETI GUMUS A.S..SOGUTSEN SERAMIK SOGUTSEN SERAMIK
A SA S3S ENERJI A.S. 3S ENERJI A.S.
YSSS ENTEGRE YSSS ENTEGRE ORG TAR A SORG TAR A SA.S. A.S. ORG.TAR.A.S.ORG.TAR.A.S.
YILDIZ BAKIR A.S.YILDIZ BAKIR A.S. GRANITO GIRARTO A.S.GRANITO GIRARTO A.S. GUMUS PETROL A.S. GUMUS PETROL A.S. 3S NAKLIYAT A.S. 3S NAKLIYAT A.S.
NESKO MADEN A.S. NESKO MADEN A.S. 3S MADENCILIK A.S. 3S MADENCILIK A.S. DEDELI DOGALGAZ A.S. DEDELI DOGALGAZ A.S. 3S SIGORTA A.S. 3S SIGORTA A.S.
RASİH İHSAN LTD.STI.RASİH İHSAN LTD.STI. DEDELI ELEKTRIK DEDELI ELEKTRIK ENERJI A.S.ENERJI A.S.
YILDIZLAR SSS PLAZA YILDIZLAR SSS PLAZA TURIZM A.S.TURIZM A.S.
ZAMANTI MADEN ZAMANTI MADEN LTD.STI.LTD.STI. OSMANGAZI ELEKTRIK OSMANGAZI ELEKTRIK
YILDIZLARYILDIZLAR LAB ANALIZLAB ANALIZDAGITIM A.S.DAGITIM A.S.
YILDIZLAR YILDIZLAR LAB.ANALIZ LAB.ANALIZ HIZ.A.S.HIZ.A.S.
YAVUZ MUH. A.S. YAVUZ MUH. A.S. SENA YATIRIM INS.A.S.SENA YATIRIM INS.A.S.
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DEDELİ YATIRIM A.S. DEDELİ YATIRIM A.S. SILVER KORUMA SILVER KORUMA GUVENLIK A.S. GUVENLIK A.S.
Introduction
TÜV NORD Group (Germany)
100%
DMT GmbH & Co. KG (Germany)
IMC-Montan Consulting GmbH(Germany)
IMC Group Consulting Ltd.(UK)
DMT Geosciences Ltd. (Canada)
PT IDMT EEC (Indonesia)
IMC-Montan JV (Russia)
100% 100%50% 100% 74%
(Germany)(UK)(Canada) (Indonesia)(Russia)
51%
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IMC-SRG Services & Consultancy Ltd. (India) IMC-GCL Office Jo‘Burg (SA)
Introduction
TÜV NORD Group (Germany)
100%
DMT GmbH & Co. KG (Germany)Planned in 2013/14DMT-IMC Turkey
IMC-Montan Consulting GmbH(Germany)
IMC Group Consulting Ltd.(UK)
DMT Geosciences Ltd. (Canada)
PT IDMT EEC (Indonesia)
IMC-Montan JV (Russia)
100% 100%50% 100% 74%
(Germany)(UK)(Canada) (Indonesia)(Russia)
51%
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IMC-SRG Services & Consultancy Ltd. (India) IMC-GCL Office Jo‘Burg (SA)
The Parent Company …
DMT GmbH & Co. KG at a glance
130 Mio. € annual turnover (2012) Approx. 660 employees
16 government approved expert bodies for safety 3 accredited testing laboratories 3 accredited testing laboratories 75 government approved experts
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Services for the Mining Industry
deposit-modelling
mine planning
greenfield development
process designp g
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assistance during operationmine site rehabilitation
Geology & Orebody Modelling
Scope of Services IMC
Geology & Orebody Modelling Resource/Reserve Estimates compliant
to JORC or NI 43-101 Bankable StudiesBankable Studies Engineering Services
- Mine Design- Process Design
Project Management Services Environmental & Social Impact
Assessments Rehabilitation of Mine Sites Investors‘ Support
- Due DiligenceMineral Expert Report- Mineral Expert Report
- Project Valuations Management Assistance during
Operation
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p
Geology & Resources (DMT-EG)
Services Mapping
Software Expertise SURPAC
DATAMINE Exploration
Resource evaluation
Geological risk analyses
DATAMINE VULCAN SURFER IRAP RMS IRAP RMS PETREL MINEX ROCKWORKS
Planning and supervision of
2D and 3D seismic surveysG l t i i t
Geotechnicalanalysis of rocks
oint
s
Plane of division
Birdview
eddi
ng p
lane
Slic
kens
ide)
ondi
tion
. Bed
ding
2. T
hick
ness
iner
aliz
ing
0
External form
Splitting strengthRQLD. Pro
perti
es o
f roc
ks
Rockstrengthd
[N/mm²]
of parting
LYNX
Geoelectrics, gravimetry a.o. Prospecting and drilling Sampling and QC Borehole geophysics
1076 m160 0
160
Seam 24 1078m
Fl. 24K B
1074 m
1072 m
1070 m
B20
SHSPSP
12
77
4. J
o
SPSH
SP
SH
SPSPSP
SP
80
6
8
10
12
BeddingIntersaction
4. B
e
gb
XO
XO
X
O
G
OOO
30
40
85
(S
6. C
o 1
7 . M
ug ur re we
B100
B80
B60
B40
14,4
8,4
7,2
5,1
8,6
[ N / mm² ]
100
45
65
DiametralAxial
9,6
14,4
14,437,6
27,7
14,4
60,6
56,7
40,052,9
33,2
57,8
85,5
755025
3
B10
ko ab ge zr le
[ N / mm² ]
6,9
z
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Borehole geophysics1080 m
1078 m SH
13
XG
OO45
60
4,1
90
75 21,8
21,827,7
56,15025 75100
Rock Mechanics
Geotechnical Assessments
Stabilisation of Mine Workingsg
Assessment of underground
excavationsexcavations
Simulation and Testing of Roof
Support elementsSupport elements
Rock Burst Prevention
Pit Slope Stability & Stabilisation
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Extraction Technologies for Coal &
Extraction & Haulage Extraction Technologies for Coal &
Ore
Layout and design of
Shovel & Truck
Long Wall
R&P
Bucket Wheel Mines
Life of Mine Plans
Layout and design of haulage systems
Layout and Design of Backfilling Plants
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Plants
Mineral Processing
Processing Technologies
Coal
Iron Ore
Base Metals
L b d Pil t Pl t T ti Lab and Pilot Plant Testing
Simulation Software for Processing
Flow Sheet Development
Design of Beneficiation Plants
Project Management Services
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Specialist Services
Underground Mine Ventilation
Coal Mine Methane & Utilisation
Mine Closure Planning
S b id C t l Subsidence Control
Hydrogeology and Mine Water
Environmental Services Environmental Services
Methane Inflow Forecast Calculation
Gas Outburst Prevention
Mine Safety Audits
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Introduction – NI 43-101Item 1: Summary Item 14: Mineral Resource Estimates Item 2: Introduction Item 3: Reliance on Other Experts Item 4: Property Description and
L ti
Item 15: Mineral Reserve Estimates Item 16: Mining Methods Item 17: Recovery Methods It 18 P j t I f t tLocation
Item 5: Accessibility, Climate, Local Resources, Infrastructure and Physiography
Item 18: Project Infrastructure Item 19: Market Studies and Contracts Item 20: Environmental Studies,
Permitting and Social orPhysiographyItem 6: History Item 7: Geological Setting and
Mineralization
Permitting and Social or Community Impact
Item 21: Capital and Operating Costs Item 22: Economic AnalysisMineralization
Item 8: Deposit Types Item 9: Exploration Item 10: Drilling
Item 22: Economic Analysis Item 23: Adjacent Properties Item 24: Other Relevant Data and
Information Item 11: Sample Preparation,
Analyses and Security Item 12: Data Verification It 13 Mi l P i d
Item 25: Interpretation and Conclusions
Item 26: Recommendations It 27 R f
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Item 13: Mineral Processing and Metallurgical Testing
Item 27: References
Contents
1. Introduction
2. Project
3. Base Parameters
4 Results4. Results
5. Future
20 October 2007 | Page 17 www.dmt.de2013 | Slide 17 www.imcgcl.com I www.dmt.de
Project - Location
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Project – other key data
• Historical production up to 4 Mt/a
• Target: Stable production of 4.32 Mt/a
• Resource grade (measured and indicated): 128.6 g Ag/t and
0.68% Zn
• Potential for re-processing of tailings 26.7 Mt @ 83 g Ag/t
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Project - pictures
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Project - pictures
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Project - pictures
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Contents
1. Introduction
2. Project
3. Base Parameters
4 Results4. Results
5. Future
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Base Parameters
• First Time Pit Optimization for the Operation
Dataset not in the required format
Effort was required to collect and generate requiredEffort was required to collect and generate required
dataset
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Base Parameters
Final compiled set of base parameters for Pit Optimization
Sil P i 30 US$/Silver Price 30 US$/ozWaste Mining Cost 1.95 $/tOre Mining Cost 2.15 $/tProcessing and G&A Cost 21.5 $/t Silver Recovery 52 %Mining Dilution 5 %gMining Losses 5 %Overall Pit Slope 45 deg
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Overall Pit Slope 45 deg.
Contents
1. Introduction
2. Project
3. Base Parameters
4 Results4. Results
5. Future
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Results
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Mine Development year 1
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 1
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
750
734
000
734
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734
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734
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735
000
735
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735
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735
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736
000
736
250
736
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736
750
737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 2
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 2
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
750
734
000
734
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734
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734
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735
000
735
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735
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735
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736
000
736
250
736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 3
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 3
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
20 October 2007 | Page 30 www.dmt.de2013 | Slide 30 www.imcgcl.com I www.dmt.de
733
750
734
000
734
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734
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734
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735
000
735
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735
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735
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736
000
736
250
736
500
736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 4
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 4
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
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734
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734
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734
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734
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735
000
735
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735
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735
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736
000
736
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736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 5
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 5
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
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736
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736
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736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 6
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 6
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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735
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736
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736
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736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 7
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 7
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
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734
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736
000
736
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736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 8
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 8
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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734
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735
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736
000
736
250
736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 9
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 9
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
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735
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736
000
736
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736
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736
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737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 10
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 10
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
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734
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735
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735
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735
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736
000
736
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736
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736
750
737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 11
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 11
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
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733
750
734
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735
000
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735
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735
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736
000
736
250
736
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736
750
737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 12
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 12
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
20 October 2007 | Page 39 www.dmt.de2013 | Slide 39 www.imcgcl.com I www.dmt.de
733
750
734
000
734
250
734
500
734
750
735
000
735
250
735
500
735
750
736
000
736
250
736
500
736
750
737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 13
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 13
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
20 October 2007 | Page 40 www.dmt.de2013 | Slide 40 www.imcgcl.com I www.dmt.de
733
750
734
000
734
250
734
500
734
750
735
000
735
250
735
500
735
750
736
000
736
250
736
500
736
750
737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Mine Development year 14
733750E
734000 E
734250 E
734500 E
734750 E
735000 E
735250 E
735500 E
735750 E
736000 E
736250 E
736500 E
736750 E
737000 E
4373000 N 4373000 N
Year 14
4372000 N 4372000 N
4372500 N 4372500 N
4371000 N 4371000 N
4371500 N 4371500 N
4370000 N 4370000 N
4370500 N 4370500 N
E
E
E
E
E
E
E
E
E
E
E
E
E
E
4369000 N4369000 N
4369500 N 4369500 N
20 October 2007 | Page 41 www.dmt.de2013 | Slide 41 www.imcgcl.com I www.dmt.de
733
750
734
000
734
250
734
500
734
750
735
000
735
250
735
500
735
750
736
000
736
250
736
500
736
750
737
0004369000 N 4369000 N
0 1002003004005006007008009001:20000
Price sensitivity of Gümüsköy pit optimizationResults
500
600
80.000
90.000
400
500
60.000
70.000
/t]
000
t]
200
300
30 000
40.000
50.000
Gra
de [g
Ag/
Ore
tonn
age
[0
100
200
10.000
20.000
30.000
000 5 10 15 20 25 30 35 40
20 October 2007 | Page 42 www.dmt.de2013 | Slide 42 www.imcgcl.com I www.dmt.de
Ore Tonnage Grade
Results
Unit 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022O P d ti 000 t 4 320 4 320 4 320 4 320 4 320 4 320 4 320 4 320 4 320 4 320
Production Schedule – optimized to receive constant head grade
Ore Production 000 t 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320Ore Grade g/t 145 145 143 145 146 146 146 138 136 138Waste removal 000 t 4,468 3,762 4,017 3,892 3,528 3,335 3,527 2,832 4,084 4,299Stripping Ratio t/t 1.03 0.87 0.93 0.90 0.82 0.77 0.82 0.66 0.95 1.00Recovery Ore % 52 52 52 52 52 52 52 52 52 52yRecovered Ag kg 325,116 326,442 320,327 325,522 327,362 328,250 328,565 311,026 306,613 308,899
Unit 2023 2024 2025 2026 2027 2028 2029 2030 TotalOre Production 000 t 4,320 4,320 4,320 4,320 4,320 4,320 4,320 172 73,612Ore Grade g/t 140 140 152 148 140 136 116 114 141Waste removal 000 t 3,661 3,634 7,371 8,125 7,517 6,141 17,457 745 92,396Stripping Ratio t/t 0.85 0.84 1.71 1.88 1.74 1.42 4.04 4.33 1.26Recovery Ore % 52 52 52 52 52 52 52 52Recovery Ore % 52 52 52 52 52 52 52 52Recovered Ag kg 315,578 314,361 341,429 332,374 313,499 306,059 261,510 10,214 4,511,864
20 October 2007 | Page 43 www.dmt.de2013 | Slide 43 www.imcgcl.com I www.dmt.de
Contents
1. Introduction
2. Project
3. Base Parameters
4 Results4. Results
5. Future
20 October 2007 | Page 44 www.dmt.de2013 | Slide 44 www.imcgcl.com I www.dmt.de
Future
• Operational and Life of Mine Plan (LOM) of Eti Gümüs based
on optimization results
• Reconciliation to improve the accuracy of the geological
model
• Establishing long/short-term mine plan and updating it
according to new findings on a regular basis
20 October 2007 | Page 45 www.dmt.de2013 | Slide 45 www.imcgcl.com I www.dmt.de
For more information, please contact
THANK YOU VERY MUCH FOR YOUR ATTENTION
IMC M t C lti G bH Mi h l L Ul i h R lIMC-Montan Consulting GmbHAm Technologiepark 145307 Essen / Germany
Michael Loos Ulrich Ruppel Technical Director Mining DirectorTel. +49 201 172-1536 Tel. +49 201 172-1507
www.dmt.dewww.imcgcl.com
Fax +49 201 172-1727 Fax +49 201 172-1727
[email protected] [email protected]
Branch of DMT GmbH & Co. KG - Member of TÜV NORD Group
20 October 2007 | Page 46 www.dmt.de2013 | Slide 46 www.imcgcl.com I www.dmt.de
