Imerys Imerys of France purchased Rio Tinto’s talc operations on August 1 st. Imerys mines rare...
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Transcript of Imerys Imerys of France purchased Rio Tinto’s talc operations on August 1 st. Imerys mines rare...
Imerys
• Imerys of France purchased Rio Tinto’s talc operations on August 1st.
• Imerys mines rare resources and turns them into specialities that improve the products and processes of its customers in industry and construction.
• Imerys has an unmatched portfolio of resources in items of diversity and geographic balance and an excellent grasp of large-scale mineral conversion technologies.
• Its innovation capability enables it to design high value-added solutions for its customers.
Imerys, Luzenac Group
• With an annual production of one million tonnes, Luzenac Group is the world leader in talc processing with total market share of approximately 15%. Imerys therefore broadens its functional offering for technical applications and in a wide range of industrial markets.
• Thanks to its lightness and strength in Plastics & Polymers, talc can be used to reduce vehicle weight, for example:
• Incorporated as a filler, it improves the quality of Paints & Coatings, through its matting, anti-corrosion, anti-cracking and anti-mold properties.
• Used in the Paper-making process, it makes recycled paper whiter, in particular;Talc’s also contributes to other applications. Its thermal resistance and mechanical strength allows Ceramics manufacturers to lower their firing temperatures and limits thermal distortion.
• Talc also improves quality of Health and Beauty Products.
The Ontario Operations
Foleyet Loadout Facility – CN Rail Bulk Railcar Loading
Facility
Penhorwood Concentrator Facility – Flotation Plant
Timmins Micronizing Mill – Fine Grinding Mill
Penhorwood Mine – Open Pit with Stockpiles
Our Rich History
• Mine and Micronizing plant located in Northern Ontario some 450 miles north of Toronto
• Opened in 1974 by John’s Manville, acquired by Steetley Talc in 1978, Luzenac in 1988 and then amalgamated with Luzenac America and Rio Tinto
• Major expansion in 1986, 1992, 1998, 2000• Started in pitch control, • Expanded in paints with the Artic Mist• Expanded in the polymers with JetFil line• Expanded in ceramics• Presently Timmins- Penhorwood – Foleyet • 2011 Imerys purchased the worldwide talc operations
Our Rich History
Every Talc is Different!
Penhorwood Operation
Three bulk s ilos and truck to T im m ins
Bulk S iloTruck to T im m ins or Foleye t
ACM grinding m ill
P ropane fired Drying
F lotation circuit
W et G rind ball m ills
Hazem ag Im pact C rusher
Contrac t M ining8 to 10 weeks per year
Timmins Micronizing Mill
Manual P ackaging
Semi-Bulk Packaging
Bulk PackagingShip to Foleyet/ customer
Pellet M ills
Shipping
Semi-automatic P ackaging
S ix Bulk silos
Primary GrindingPT-9 Jet M ills, Am vest, Hammer M ill
Two Bulk silos
Primary GrindingPT-9 Jet Mills, ACM
Today's Applications for Talc
• Talc is a rock formed over many millions of years. It is water repellent, inert, platy and the
softest mineral on Earth.
• 15,000 years ago, cave dwellers used talc as an ingredient in their paints.
• The Chinese were already using talc in glazed pottery (618 to 907).
• Talc has been used in cosmetics for thousands of years. The ancient Egyptians and the
Vedics of India were using it to lighten their skins as much as five thousand years ago.
Around the same time, the Chinese were making face powders from rice powder mixed
with ground minerals such as talc and kaolin.
• There are hundreds of talc deposits of various sizes in activity throughout the world. Each
talc deposit has its own features, its own geological signature. Talc can be white, grey,
pink, blue, violet, green and even black.
• Talc is used in the manufacture of a myriad of everyday products including animal feed,
automobiles, cables, sweets, ceramic tiles, chewing gum, cosmetics, fertilizers, foundry
technology, olive oil processing, paint, paper, pharmaceuticals, plaster, plastics, printing
inks, putties, refractories, roofing, sanitary ware, tyres and of course body powder.
Fascinating Facts About Talc
11
Leading supplier of industrial minerals
dHigh value-added specialties essential to a wide range of industrial sectors
Logistic Logistic
MiningProcess:
Beneficiate & Transform
12
Consumer goods 45%(1)
dNumerous applications for daily life Fused aluminum oxide for optical glass polishing
Diatomite to filter beer and wine
Kaolin for coated advertising papers
Carbonates for baby diapers
Clay bodies for tableware
Graphite for batteries
etc…
13
dVariety of applications and products for construction
Red clay for roof tiles and bricks in France
Talc for paints
Bodies for tiles & sanitary ware
Fused aluminum oxide for polishing walls
Carbonates additives for windows' PVC profiles
etc…
Building renovation & maintenance 15%(1) New construction 16%(1)
(1) Imerys estimates – in % of 2010 consolidated net sales
14
dPlenty of industrial applications
Refractory linings for high temperature manufacturing processes
Fused minerals for abrasives
Carbonates, talc for industrial plastics
Graphite for lubrication applications
High purity quartz crucibles for photovoltaic cells
Zirconia based oxygen sensors
etc…
Industrial goods 24%(1)
(1) Imerys estimates – in % of 2010 consolidated net sales
15
Minerals for Ceramics, Refractories,
Abrasives & Foundryd Four businesses
Minerals for Ceramics (29% of 2010 sales) : products of raw materials and bodies for tableware, sanitary and floor tiles, quartz
Minerals for Refractories and Oilfields (27%): production of acidic refractory minerals as andalousite, chamottes and specialties for oilfield industry
Fused Minerals (36%): fused alumina and bauxite for cutting, grinding and polishing mills, sand papers, fused zirconia
Graphite & Carbone (8%): high performance graphite powder for the mobile energy, engineering, refractory markets
16
Pigments for Paper & Packaging
d The world’s broadest range of white pigments Kaolin zones: Cornwall (UK), Georgia (USA) and
the Amazon delta (Brazil)
A global platform for the production of ground calcium carbonate (GCC): Europe, Americas, Asia/Pacific
Various PCC production sites
d A dedicated business group to answer the fast-changing needs of global paper customers Europe (46% of 2010 sales)
North America (28%)
Mercosur (8%)
Asia-Pacific (18%)
17
Performance & Filtration Minerals
d Two businesses Performance Minerals (56% of 2010 sales):
mineral additives for paint, plastics, adhesives , sealants…
Minerals for Filtration (44%) : diatomite and perlite for edible liquids filtration (beer, wine, edible oils,…)
d A wide range of raw materials with many matching characteristics... Carbonates clays, kaolin, mica, feldspar,
Diatomite, perlite, vermiculite
18
Materials & Monolithics
d Building Materials (44% of 2010 sales): Clay roof tiles, bricks and chimney blocks
Natural slates
d Refractories Solutions (56%): Monolithic refractory: concrete used used in
numerous industries: such as cement factories, power stations, petrochemistry, incinerators, casting plants and industrial furnaces;
Kiln furniture for the tiles and ceramics industries
19
Diversified markets(1)
(1) Imerys estimates – in % of 2010 consolidated sales
Consumer Goods
Industrial Equipment
NewConstruction
Renovation
15%12%18%
8 %5%11%
2%10%
2%9%
Europe North America Others (incl. 26% in emerging countries)
48%48% 21%21% 31% 31%
45%45%
24%24%
16%16%
15%15%
4%
4%
20
A large customer base
dThe Group’s 10 biggest customers account for 15% of its sales
dNone of them represent more than 3% of total sales
Based on 2010 figures
21
(1) A mining site may include several mines or quarries.
Reserves and mining (2/2)
d 30 minerals 116 mining sites(1)
d 115 geologists all around the world
d Almost 600 Mt of reserves with at least a 20-year horizon
d Ongoing development of mineral reserves and resources (exploration, mining, acquisitions of new deposits)
d State-of-the-art mining and manufacturing techniques Reporting compliant with the PERC code and reviewed by the Audit Committee
d Ongoing site restoration program with objective of minimizing ecological footprint
22
Sustainable Development (1/2)
dEnvironment: environment-friendly activity management; responsible use of mineral reserves
dHealth & Safety: guarantee the health and safety of employees in the workplace
dHuman Resources development: social benefits, ongoing training and industrial dialog as the basis for sustainable growth
dCommunity relations: the Group acts as a full member of every community where it is based
d Innovation: energy efficiency and emission reductions factored into work on process and product development
dGovernance: best practices applied in strict compliance with transparency and ethical rules
23
Sustainable Development (2/2)
d Safety - 82% decrease
in frequency rate(1) since 2005
d EnvironnementGeneralization of environmental
management systems
160 sites are equipped with an EMS as of 12/31/10
d Eco Bos Project Eco town to be developed
on former mining and industrial sites in Cornwall
(1) Number of lost-time accidents x 1,000,000/number of work hours
2.132.88
4.655.69
7.96
11.79
2005 2006 2007 2008 2009 2010
Frequency rate(1)
24
d Global network of 270 engineers and technicians
d 24 research centers : 7 main research centers(UK, USA, France, Austria, Switzerland) and 17 regional laboratories
d Sustained effort coordinated by the Innovation Department
d New products, applications and processes
• Application R&D : renewal of the offeringand development of our customers performance
• Disruptive innovations entering new markets
d On average, R&D expenses account for about 1% of Group sales
Accelerate development through innovation
North America
28%
Europe54%
Emerging countries
14%
Japan/ Australia
4%
25
Global presence
Industrial site
Headquarter
d Worldwide locations of reserves and industrial sites• Europe (France, Italy, Spain, Austria, Belgium)
• North America (United States, Canada)
• Asia-Pacific (Japan, Australia)
Sales by geographic zone(1)
d More than 20 years’ mineral reserves and resources
d Modern industrial assets(1) non-audited estimate
26
Imerys
d 2010 Key figures
Sales
€3,347 million
Operating margin
12.5%
ROCE
13.0%
15,090 employees
in 47 countries
More than
240 industrial facilities
7 main research centers
d Listed on NYSE Euronext Paris stock market Market capitalization: €3.4 billion (September 2011)
General mining sector
27
Headcount evolution
15,09014,592
17,01617,552
2007 2008 2009 2010
Japan/ Australia
1%
United States/ Canada
14%
Western Europe
44%(of which
France: 20 %UK: 8%)
Emerging countries
41%(of which
China: 12 %)