Day 1 - Opening Session: What is the new 'normal' for mining?
Objective Capital Global Mining Investment Conference 2010
Stationers' Hall, City of London
28-29 September 2010
Speaker:
David Humphreys - DaiEcon
3. What is the ‘New Normal’ for Mining ? David Humphreys DaiEcon Advisors Presentation to Objective Capital’s Global Mining Investment conference, London, 28-29 September 2010
13. China and India: industrial production Year-on-year % change China India Source: OECD, NBS.
14. Composition of global growth World GDP growth %, 5 year moving averages Forecasts Source: IMF
15. Developing world share of metal consumption % Sources: WBMS and worldsteel. For steel, data is for 2008, not 2009.
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17. Growing role of the state in affairs of the industry
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20. Growing role of the state in affairs of the industry
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22. Mining country governance indicators Source: Worldwide Governance Indicators at http://info.worldbank.org/governance/wgi/index.aspCountries are rated accordingly to a variety of criteria and then ranked. The numbers shown are the quartiles into which the country falls on the given measure. 1 = first quartile.
33. Metals prices and exchange stocks Indexes 2000=100 Stocks (r.h.s) Nonferrous metals prices (l.h.s.) Source: The Economist, LME, Comex and SHME. Stocks is a composite index, weighted by value.
35. Steel use per unit GDP Steel use (in t) per $m GDP China RoK Thailand Algeria Slovenia Slovak Rep Austria USA India Colombia New Zealand Norway GDP per capita US$ Source: World Bank and worldsteel. GDP is PPP based.
38. Shares of world GDP % of global GDP (market exchange rate basis) EU USA Japan China Source: IMF
39. Shares of world GDP % of global GDP (market exchange rate basis) EU USA Japan China Source: IMF
40. What is the ‘New Normal’ for Mining ? David Humphreys DaiEcon Advisors Presentation to Objective Capital’s Global Mining Investment conference, London, 28-29 September 2010