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®
International Precious Metals Institute
39th International
Precious Metals Conference
“Charting Precious Metals through the Changing
Currents of Compliance, Finance, Consumer Trends,
Risk & New Technology”
June 13-16, 2015
JW Marriott San Antonio Hill Country Resort
San Antonio, Texas
Conference Technical Chairman
Dr. Catherine Heneghan-Perry, BASF Corporation
Final Program & Abstracts
Final Program & Abstracts
39th Annual
Conference Sponsors
A-1 Specialized Services and Supplies, Inc.
Just Refiners
AH Knight
The Kaye Family
ALS Inpsection
Kitco
Alex Stewart International
Ledoux
AML Specialists
Loomis
Asahi Refining
MAIREC
Atomic Gold
Manitoba Corp.
BASF
Mastermelt
BRM Services
Mercury Refining
Bruce Metals
Metalor
Chimet
Multimetco
CME
NY Chapter
Colt Refining
PAMP
Computer Associates
Panhandle Converter
Dillon Gage
Pyromet
Dowa
QML
Duesmann & Hensel
Republic Metals Corporation
Elemetal
Royal Canadian Mint
FideliTrade
Sabin Metal
Gannon and Scott
Sims Recycling Solutions
Garfield Refining
Sipi Metals
Gemini Industries
Tanaka
Glines and Rhodes
TCA
Heraeus
TD Securities
Hindustan Platinum
Techemet
Inspectorate
TMC
IRT
Toyota
J and J Materials
Transvalue
Johnson Matthey
Umicore
Conference Program
Saturday, June 13, 2015
7:30 am - 6:00 pm Registration
Begonia
Registration Beverage Service Compliments of Dillon Gage
6:00 pm - 8:00 pm Welcome Reception Hosted by Tanaka Kikinzoku
Cibola 5-6
7:30 pm - 9:30 pm Reception Hosted by Johnson Matthey
Event Lawn One
Sunday, June 14, 2015
7:30 am - 3:00 pm Registration
Begonia
Registration Beverage Service Compliments of Dillon Gage
8:00 am - 4:00 pm Exhibit Hall Open
Cibola 7
8:00 am - 9:00 am Members Meeting
Cibola 5-6
9:00 am - 10:00 am Board of Directors Meeting
Cibola 5-6
9:30 am - 10:00 am Morning Coffee and Pastries compliments of Dillon Gage
Cibola 7
10:00 am - 12:00 pm Session A Cibola 1-2
Session B
Cibola 3-4
Session C
Cibola 8-9
Session D
Cibola 10-11
12:30 pm - 2:00 pm Delegates Luncheon Sponsored by Republic Metals
Grand Oaks K-L
Keynote Speaker Sponsored by IPMI, Douglas Brinkley
Presenting “The American Corporate Story: History of Innovations”
2:30 pm - 3:00 pm Coffee Break
Cibola 7
6:00 pm - 8:00 pm Reception Hosted by Metalor
Event Lawn One
7:30 pm - 9:30 pm Reception Hosted by Heraeus
Event Lawn Two
9:00 pm - 11:00 pm Reception Hosted by Elemetal
Cibola 5
Monday, June 15, 2015
7:30 am - 1:00 pm
7:30 am - 8:30 am
8:00 am - 4:00 pm
8:30 am - 12:00 pm
9:30 am - 10:00 am
12:15 pm - 5:30 pm
2:30 pm - 3:00 pm
2:30 pm - 4:00 pm
6:00 pm - 8:00 pm
7:30 pm - 9:30 pm
Registration
Registration Beverage Service Compliments of Dillon Gage
Morning Coffee and Pastries Compliments of Dowa
Exhibit Hall Open
Session E
Session F
Session G
Session H
Session Coffee Break IPMI Golf Tournament
Coffee Break Sponsored by CME Group
Gannon and Scott Poolside Refreshments
Reception Hosted by Sabin Metal
Reception Hosted by Glines and Rhodes
Tuesday, June 16, 2015
8:00 am - 12:00 pm
7:30 am - 8:00 am
8:00 am - 2:00 pm
8:30 am -
12:00 pm
10:00 am - 10:30 am
5:00 pm - 8:00 pm
6:00 pm - 7:00 pm
7:00 pm - 9:00 pm
9:00 pm - 10:00 pm
Registration
Registration Beverage Service Compliments of Dillon Gage
Morning Coffee and Pastries Exhibit Hall Open
Session I
Session J
Session K
Session L
Session Coffee Break Compliments of BRM Services
Silent Auction
IPMI Chairman’s Reception
IPMI Awards Banquet
Closing Reception Sponsored by Hindustan Platinum & IPMI Metro NY Chapter
Conference Adjourns
Begonia
Cibola 7
Cibola 7
Cibola 1-2
Cibola 3-4
Cibola 8-9
Cibola 10-11
Cibola 7
Cibola 7
Pool
Event Lawn Two
Event Lawn One
Begonia
1
Cibola 7
Cibola 7
Cibola 1-2
Cibola 3-4
Cibola 8-9
Cibola 10-11
Cibola 7
Cibola Foyer
Cibola Foyer
Cibola 6-7
Cibola 5
Final Program
Sunday, June 14, 2015
Session A: It’s All About That Silver
Session Sponsored by the Silver Users Association
Session Moderator: Jon Potts, FideliTrade
Session Location: Cibola 1-2
The Prospects for the Chinese Silver Powder Industry,
Phillip Newman, Metals Focus
Where is All the Silver Going and Why, Miguel Perez-Santalla,
Heraeus
Session B: Precious Metals Mining, Metals
and Investments
Session Moderator: Dr. Corby Anderson, Colorado School of
Mines
Session Location: Cibola 3-4
Terronera- Development of New Mine in Mexico,
Godfrey Walton, Endeavor Silver
Navigating Difficult Times in Precious Metals,
Frank Hanagarne, Coeur Mines
Improving Methods for Gold Recovery in Artisanal and
Small-Scale Mining Without the Use of Mercury in Ecuador,
SE Morales, and FN Lopez, Instituto Nacional de Investigacion
Geologico Minero Metalurgico; GA Munoz, Departmento de
Ingenieria Quimica, Universidad San Francisco de Quito
What is Old Is New; 200 Years of Mining, Milling,
Technology and History at Allihies Parish, Beara Peninsula,
Cork County, Ireland,
Leonard Harris and Dr. Corby Anderson, Colorado School of
Mines
Session C: Meanwhile in Europe...Precious
Metals Issues
Sponsored by the IPMI Europe Chapter
Session Moderator: Theo Keuter, Platinor
Session Location Cibola 8-9
Introduction, Theo Keuter, Platinor
Session D: What’s Trending in Precious
Metals
Session Moderator: Regine Albrecht, BASIQ
Session Location: Cibola 10-11
New Applications for Precious Metals Entering the Market in
2015/2016, Bodo Albrecht, BASIQ
From Data to Decision, Peter Schmitt, BASIQ
Business Trends in the Precious Metals Market,
Jimmy Gavilan, Republic Metals Corporation
Russia as a New Player in Jewellery Scrap Flows and
Investment Bars Supply, Vladimir Osipenko, Krastsvetmet
Monday, June 15, 2015
Session E: Good as Gold: Investments,
Impacts and Other Issues
Session Moderator: Bart Melek, TD Securities
Session Location: Cibola 1-2
Oil Market Dynamics Impact on Precious Metals,
Bart Melek,TD Securities
Europe: Doomsday for the Euro - Heyday for Gold?,
Wolfgang Wrzesniok-Rossbach, Degussa Goldhandel GmbH
Gold’s Role in a Virtual World, David Holmes, Heraeus
North American Retail Investment Demand, Peter Hug, Kitco
Metals
Changing Supply-Demand Fundamentals - How Mining
Companies Can Reap the Benefits of Volatility,
Charles Davis, Auramet
TBD, Ruth Crowell, LBMA
Session F: Analyze This: Precious Metals
Session Moderator: Chris Jones, Gannon & Scott
Session Location: Cibola 3-4
Continental Drift: The Big Issues Facing Precious Metals
Viewed from Differing Perspectives, Jeffrey Christian, CPM
Group
PGM Analysis in Automobile Catalysts by Inductively
Coupled Plasma-Mass Spectrometry, Kwan Nam,
Dejan Savic, Ehab Elmalak, Catherine Henghan-Perry, BASF
Corporation
The European Precious Metals Federation - An Association
of the European Precious Metals Industry and Its Objectives,
France Capon, Secretary General of the European Precious
Metals Federation
The Influence of Grind in the Determination of Ag, Au and
Pd in Electronic Scrap X-Ray Fluorescence Spectroscopy,
Vinicius Salles Margatho, Lorene Import; Pedro Vitoriano
Oliveira, Chemistry Institute University of Sao Paulo
Security Convergence - Protecting the Supply Chain,
Chris Ensey, Dunbar
Preparation of Solid Standards for Trace Impurities in
Palladium and Platinum, Algis Naujokas, Brent Vesa and
David Petishnok, Sabin Metal Corporation
2
Prevailing Tailwinds: Legal and Compliance Update,
Janet McCarthy, Independent Consultant
Final Program
Thermogravimetric Determination of Moisture and Volatiles
for Petroleum Catalysts: A Comparison Between Classical
Muffle Furnace and Automated Instrumental Techniques,
Zachary Henneman, BASF Corporation and Thomas Watt,
SGS Minerals Services
New Fusion Technique for Samples with High Silicone
Carbide, Kin-Chung Lam, Katie Ritchie, and Tristan DeBona,
BASF-GSS/SM
Session G: Recovery and Recycling of
Precious Metals
Session Moderator: Dr. Tim Johnson, Tetronics International
Session Location: Cibola 8-9
The Kinetics of Alkaline Sulfide Gold Leaching,
Corby Anderson, Colorado School of Mines
Plasma Smelting Technology: Addressing the Challenges
in Extracting Metals from the Urban Mine, Tim Johnson,
Tetronics International
Acid Less Separation: A Revolutionary Technology for the
Precious Metals Refining Industry - New Developments,
Federico Padrono Martini, IKOI
Benefits of Certification of End-Processing of Precious
Metals and/or Copper Bearing E-Waste for the Industry,
Thierry Van Kerckhoven and Christina Meskers, Umicore
Recycling of Precious Metals Using Molecular Recognition
Technology, Steve Izatt, Robert Bruening and Neil Izatt, IBC
Advanced Technologies
Cadmium Deportment in Precious Metals Refining
Operations, Michael Mooiman, Franklin Pierce University/Argo
Advisors; Robert Sargent and Charles Daoust, Royal Canadian
Mint
Session H: Fuel for Thought: Precious
Metals and Energy
Tuesday June 16, 2015
Session I: Age of Tomorrow: Precious
Metals Student Research
Session Moderator: Dr. Robert Ianniello, Chairman Awards
Committee
Session Location: Cibola 1-2
IPMI 2015 Student Award Winners will present their ongoing
research work.
Session J: What’s New: Precious Metals
Technology
Session Moderator: Vicky Bruce, Assay on Wheels
Session Location: Cibola 3-4
Induction Melting Furnaces for Precious Metals, Charlie Fink,
Inductotherm
Principles of Platinum and PGM Alloys for Industrial and
Jewelry Applications, Grigory Raykhtsaum, LeachGarner
FlamelessTunnel Induction System, the New Normal for
Producing Casted Investment Bars after the Last Process
Technology Improvements, Federico Padrono Martini, IKOI
New Technology and Equipment for Rhodium Chloride
Production, Dmitry Shulgin and Sergey Medvedev, Konstantin
Konik and Kuzas Evgeniy, EZCOCM
Advances in Iridium Manufacturing, Stuart Bestrom, Safina
Materials
Session K: Keeping You A Brief: Precious
Metals Legal, Regulatory and Insurance
Matters
Session Moderator: Barbara Curtis, Johnson Matthey
Session Location: Palazzo Cibola 8-9
Session Moderator: Jim Barrett, Sabin Metal Corp.
Session Location: Cibola 10-11
An Update on Gold and Other Precious Metals Compliance
and Investigations by Federal Law Enforcement,
Peter Quinter, Gray Robinson
Precious Metals Loss and Recovery During Catalysts Change
Out, Danny Kurtz, Cat Spec
TTIP Update, Brian Ledgerwood, US Department of Trade
Catalyst Handling: HSE and Material Balance,
Willem Van Kooten, Shell
Insurance: A License to Trade? A Broker’s View and Then
a Response from an Underwriter, Joint Presentation from
Marsh Underwriting and Lloyds of London
TBD, David Wilkins, PetroVal
3
The Changing Face of Risk: Emerging Risks and the Impact
on the Precious Metals Industry, Simon Codrington and
Alex O’Hare, Hugh Wood Inc.
Final Program
Session L: It’s Your Portfolio: A Look into
Precious Metals Markets and Investments
Participants in Exhibit Hall
E-Scrap Market, Erica Rannestad, ThomsonReuters
Berkley Asset Protection
CEIA Booth
Computer Associates
IPMI Europe Chapter
Inductotherm
Inspectorate
Koras GmbH
Manitoba Corp.
Mastermelt Group
Olympus
Session Moderator: Erica Rannestad, Thomson Reuters
Session Location: Cibola 10-11
Precious Metals and Interest Rate Normalization,
Jonathan Butler, Mitsubishi Corp.
The Micro and Macroeconomics of Gold,
Erik Norland, CME Group
Thriving Demand for Offshore Storage and The FATCA Factor,
Mark Yaxley, Strategic Wealth Preservation
Open Sunday and Monday, 8:00 am - 4:00 pm
and Tuesday, 8 am - Noon
Exhibit Hall Location: Cibola 7
IPMI Officers
Christopher Jones
Chairman
Robert Bullen-Smith
ViceChairman
Jon Potts
Secretary
Bodo Albrecht
Treasurer
Uve Kupka
Immediate Past Chairman
IPMI Board of Directors
Bodo Albrecht
David Andres
Kevin Beirne
Michael Belton
George Benvegno
Sascha Biehl
Robert Bullen-Smith
John Bullock
Chris Carkner
John Carroll
Jeffrey Christian
Brad Cook
Ralph Crowell
Richard DeSantis
Tim Dinneny
Ralf Duesmann
Conor Dullaghan
Richard Eskew
Larry Fell
Willy Fierain
Luc Gellens
Harvey Gottlieb
Terry Hanlon
Paul Healey
Robert Henning
Robert Ianniello
Steven Izatt
Robert Jacobsen
Christopher Jones
Alan Kaye
Hitoshi Kosai
Oliver Krestin
Uve Kupka
John Maguire
Kimberly Michalik
Ralph Mizrahi
Sebastian Musco
Paul C. Musco
Alex Patel
Laura Perilli
Jonathan Potts
Lars Radowitz
Frank Reddon
Michael Riess
Andrew Roberts
Jason Rubin
Fred Saada
Friedhelm Schoene
Dennis Smith
Len Stack
Bill Tierney
Randy Weinerman
IPMI Executive Committee
Bodo Albrecht
Sascha Biehl
4
Robert Bullen-Smith
Brad Cook
Larry Drummond
George Gero
Harvey Gottlieb
Dr. Robert Ianniello
Christopher Jones
Uve Kupka
Jonathan Potts
IPMI Staff
JP Rosso
Alan R. Kaye
Sandra Arrants
Nate Bordelon
President
Director of Planning
Senior Administrative Manager
Bookkeeper
IPMI Patron Members
A-1 Specialized Services and Supplies, Inc.
Alex Stewart International
ALS Inpsection
Anglo American
Asahi Refining
Aurubis AG
Bank of Nova Scotia
BASF Corporation
BASIQ
BRM Services Inc.
CME Group
Colonial Metals, Inc.
Colt Refining Inc.
Commerzbank AG
David H. Fell and Co., Inc.
Degussa Sonne/Mond Goldhandel GmbH
Dillon Gage Metals Division
Dowa International Corporation
Duesmann & Hensel Recycling GmbH
Elemetal
EZOCM
Gannon & Scott, Inc.
Garfield Refining Company
Gemini Industries Inc.
Glencore
Glines and Rhodes Inc.
Heesung PM Tech Corporation
Heraeus Precious Metals North America LLC
Hindustan Platinum Private Ltd.
IBC Advanced Technologies Inc., SepraMet Division
IBC Avanced Technologies
IBI Secured Transport, Inc.
IDO-Lab GmbH
Inspectorate Limited
Integrated Recycling Technologies
INTL FCStone Ltd
Italpreziosi S.p.A.
Johnson Matthey
JSC “The Gulidov Krasnoyarsk Non Ferrous Metals
Plant”
Kaloti Metals and Logistics
Kelley Metals Corp.
Kinsbursky Brothers Inc.
Kitco Metals Inc.
Ledoux & Co.
London Metal Exchange
MAIREC Edelmetallgesellschaft mbH
Materion
Metallica Commodities Corp.
Metalor Technologies USA
Monex Precious Metals
MST LLC
PAMP SA
Panhandle Converter Recycling
Pease and Curren
PGM of Texas
Pyromet
QML, Inc.
Remondis Argentia Precious Metals Recycling
Republic Metals Corp.
Royal Bank of Canada
Royal Canadian Mint
Sabin Metal Corp.
SAFINA a.s.
SGS Group Management
Sims Recycling Solutions
Sipi Metals Corp.
Solar Applied Materials Tech. Corp.
Stillwater Mining Co.
Sunshine Minting, Inc.
Tanaka Kikinzoku Kogyo K.K.
Techemet LP
Technic, Inc.
Toyota Tsusho America Inc.
Umicore Precious Metals Canada Inc.
Umicore Precious Metals Refining
Valcambi SA
Via Mat
Zimmer Katalysatoren-Recycling GmbH
5
A
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session A: It’s All About That Silver
Session Sponsored by the Silver Users Association
Session Moderator: Jon Potts, FideliTrade
Session Location: Cibola 1-2
<<.>>
The Prospects for the Chinese Silver Powder Industry
Phillip Newman, Metals Focus
China has a long history as a major producer and consumer of silver. More recently, we have seen the Chinese government
increasingly promote local manufacturing of value added products, especially silver powders. One aim is to displace imports, but
more important is to take advantage of China’s growing industrial base. Metals Focus will assess the prospects for this strategy,
which industrial segments in China could be targeted and what the obstacles Chinese silver powder suppliers may encounter
<<.>>
Where is All the Silver Going and Why
Miguel Perez-Santalla, Heraeus
In this presentation Miguel will be uncovering many of the different uses of silver in our world. What Industries, products and
markets? What are the properties that make this sparkling white metal in such demand? Come, listen and learn.
<<.>>
6
7
B
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session B: Precious Metals Mining, Metals and Investments
Session Moderator: Corby Anderson, Colorado School of Mines
Session Location: Cibola 3-4
<<.>>
Terronera - Development of New Mine in Mexico
Godfrey Walton, Endeavor Silver
Abstract Unavailable
<<.>>
Navigating Difficult Times in Precious Metals
Frank Hanagarne, Coeur Mines
Abstract Unavailable
<<.>>
Improving Methods for Gold Recovery in Artisanal and Small-Scale Mining
Without the Use of Mercury in Ecuador
SE Morales, and FN Lopez, Instituto Nacional de Investigacion Geologico Minero Metalurgico;
GA Munoz, Departmento de Ingenieria Quimica, Universidad San Francisco de Quito
Despite the ineffectiveness and the environmental issues associated with the use of mercury for gold recovery, amalgamation
is widely applied in Ecuador, especially in artisanal and small-scale mining operations. This paper compiles research done during
2014 by the National Research Institute in Geology, Mining and Metallurgy through the project “Improvement of the Working
Conditions of Small-Scale and Artisanal Mining”. Research efforts were directed to minimize the use of mercury for gold recovery,
and to develop alternative methods to recover precious metals and base-metal concentrates without the use of the amalgamation
process. Experimental results demonstrated that gold recovery using traditional gravity concentration and amalgamation was as
low as 20 percent. Improvements in the recovery process excludes the use of Hg, incorporates better materials for the primary
gravity concentration, and includes the use of centrifugal concentrators. As a result Au recovery increases to about 80 percent and
more.
<<.>>
8
B
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
What is Old Is New; 200 Years of Mining, Milling, Technology and History at
Allihies Parish, Beara Peninsula, Cork County, Ireland
Leonard Harris and Dr. Corby Anderson, Colorado School of Mines
The recorded mining history of the Berehaven Mines at Allihies began in 1812 with copper production initially from the
Dooneen Mine. Thereafter, other mines such as the Kealogue Mine and Mountain Mine also began operation and soon made this
region the largest copper production district in the world. This presentation will outline the history of this mining region and its
mining and milling methods and technologies. Also, the socio-political impact on the region and its emigrated descendants who
departed to mining regions such as Mt. Morgan, Australia and Butte, America will be elucidated first hand based on a recent site
visit by the co authors.
<<.>>
9
C
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session C: Meanwhile in Europe...Precious Metals Issues
Sponsored by the IPMI Europe Chapter
Session Moderator: Theo Keuter, Platinor
Session Location Cibola 8-9
<<.>>
Introduction
Theo Keuter, Platinor
<<.>>
Continental Drift: The Big Issues Facing Precious Metals Viewed from
Differing Perspectives
Jeffrey Christian, CPM Group
The paper would discuss some of the large issues facing the precious metals markets, including exogenous economic and
political environmental developments, financial and regulatory issues, matters related to development and integration within the
precious metals industry, matters also related to risks of possible dis-integration in the markets, globalization of markets, shifting
relevance of markets, and other issues confronting the precious metals markets and industry.
<<.>>
The European Precious Metals Federation - An Association of the European
Precious Metals Industry and Its Objectives
France Capon, Secretary General of the European Precious Metals Federation
The European Precious Metals Federation is the association representing the European Precious Metals Industry. The
presentation will introduce the EPMF structure, membership and main actions. The following activities conducted by EPMF will be
highlighted: REACH Consortia, TTIP advocacy and the European legislative proposal on Conflicts Minerals.
<<.>>
Security Convergence - Protecting the Supply Chain
Chris Ensey, Dunbar
10
Today we are more connected than ever. Our phones, computers, video surveillance systems, door locks - even our refrigerators - are networked. Today’s businesses are tightly coupled to both physical and digital services, yet we continue to manage risk
in silos. In this presentation, Dunbar Cybersecurity will posit and explain why there is an immediate need for security convergence.
This is the evolution of Risk Management.
<<.>>
C
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Prevailing Tailwinds: Legal and Compliance Update
Janet McCarthy, Independent Consultant
Abstract Unavailalbe
<<.>>
11
D
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session D: What’s Trending in Precious Metals
Session Moderator: Regine Albrecht, BASIQ
Session Location: Cibola 10-11
<<.>>
New Applications for Precious Metals Entering the Market in 2015/2016
Bodo Albrecht, BASIQ
After a period of stagnation, new developments of precious metal technologies are now emerging very rapidly. Industries are
as diverse as energy, automotive, medical and consumer products. In each area, solutions that appeared impossible a decade ago
now become realities. They will shape their respective markets in years to come, and precious metals technology will evolve with
them.
This presentation will highlight the most significant of these breakthroughs, explain the dynamics of their creation, and provide
insights on the metals connected to them. It will also give information on potential or even likely market changes caused by these
innovations.
<<.>>
From Data to Decision
Peter Schmitt, BASIQ
Does your organization have data sitting in a database or ERP system that is not providing you any value? Most organizations
face the same challenge, how to transform data sets into information that can be used to make better business decisions.
Join Peter Schmitt, CEO of S&A Technologies as he explains how data visualization can transform your business making decisions.
New tools, and new ways of visualizing data are fast becoming the most effective way by which people can understand trends,
business process weaknesses and highlight unexpected areas of opportunity.
In his talk, Peter will review:
Data visualization basics
- How to connect data to business goals
- How to live with imperfect data
- How to use data visualization to transform data to meaningful information
- How to be efficient using large data sets, where reporting ends and big data begins
<<.>>
Business Trends in the Precious Metals Market
12
Jimmy Gavilan, Republic Metals Corporation
Abstract Unavailable
<<.>>
D
Sunday, June 14, 2015
10:00 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Russia as a New Player in Jewellery Scrap Flows and Investment Bars Supply
Vladimir Osipenko, Krastsvetmet
Abstract Unavailable
<<.>>
13
E
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session E: Good as Gold: Investments, Impacts and
Other Issues
Session Moderator: Bart Melek, TD Securities
Session Location: Cibola 1-2
<<.>>
Oil Market Dynamics Impact on Precious Metals
Bart Melek,TD Securities
An evaluation of how oil market trends are impacting precious metals mining costs, primary supply, investor demand & prices,
monetary policy and broad macroeconomic trends important to the precious metals complex.
<<.>>
Europe: Doomsday for the Euro - Heyday for Gold?
Wolfgang Wrzesniok-Rossbach, Degussa Goldhandel GmbH
Abstract Unavailable
<<.>>
Gold’s Role in a Virtual World
\
David Holmes, Heraeus
Abstract Unavailable
<<.>>
North American Retail Investment Demand
Peter Hug, Kitco Metals
Abstract Unavailable
<<.>>
14
Changing Supply-Demand Fundamentals - How Mining Companies Can Reap
the Benefits of Volatility
Charles Davis, Auramet
Abstract Unavailable
<<.>>
E
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
TBD
Ruth Crowell, LBMA
Abstract Unavailable
<<.>>
15
F
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session F: Analyze This: Precious Metals
Session Moderator: Chris Jones, Gannon & Scott
Session Location: Cibola 3-4
<<.>>
PGM Analysis in Automobile Catalysts by Inductively Coupled Plasma-Mass
Spectrometry
Kwan Nam, Dejan Savic, Ehab Elmalak, Catherine Henghan-Perry, BASF Corporation
Driven by the increase in the demand for precious group metals (PGM) recovery from spent automotive catalysts, faster,
simpler and more sensitive measurement approaches, yet precise and accurate, have received much attention. Among various
methods that are practiced today, alkali fusion followed by co-precipitation with tellurium is widely used, where the precipitate is
dissolved and analyzed by inductively coupled plasma – optical emission spectroscopy (ICP-OES). In this work, two innovative yet
sustainable solutions are presented that involves 1) direct measurement by inductively coupled plasma – mass spectrometry (ICPMS) after alkali fusion, and 2) base metal separation of fusion solution followed by ICP-MS measurement. Results show that the
above mentioned methods are significantly less labor intensive, cost effective, demonstrate faster turnaround time, and precision
and accuracy measurements are maintained at less than 2%. The methods described herein show promise for measurement of
PGM in autocatalyst materials.
<<.>>
The Influence of Grind in the Determination of Ag, Au and Pd in Electronic
Scrap X-Ray Fluorescence Spectroscopy
Vinicius Salles Margatho, Lorene Import; Pedro Vitoriano Oliveira, Chemistry Institute University of Sao Paulo
The classical Fire Assay collection technique has been applied for the determination of Ag, Au and Pd in electronic scraps and
other materials. It is the most widespread methodology to determining gold and silver in the absence of interferences; can be used
for a large amount of sample and, in general, presents good accuracy. However, the Fire Assay has disadvantages like susceptibility to systematic errors due to the large number of steps, so it depends on the experience and skill of the analyst. It also can be
considered environmentally inefficient due to the large quantity of chemicals products used and waste generated. Considering the
problems related to the Fire assay for routine analysis, the objective of this work is to propose a method for determination of Ag,
Au and Pd in electronic scraps based on Wave Dispersive X-ray Fluorescence Spectroscopy (Panalytical, model Axios Max) which
presents good analytical frequency, sensitivity reproducibility and reliability for quality control. For this aim, the samples were
shredded, burned at 500 degrees C and again ground in a ring mill (Herzog HSM-100P) to get particle sizes lower than 150 um. For
XRF analysis the samples were mixed with wax and pressed in pallets. The standards for the instrumental calibration are based on
samples prepared by Glencore Xstrata plc and assayed by fire assay in Glencore and Lorene’s lab. In order to reduce the analytical
interferences caused by the influence of matrix on Ag, Au and Pd, correction factors needed to be calculated By Laser Diffraction
Particle Size analyzes (Mastersizer 2000) was observed that for small particles (<10 µm) CAO and SIO2 can prevail and for large
particle (>80 µm) should prevailed metallic components such as AI, Cu Fe and precious metals. Particle Size is a critical source of
errors due to the “shadow effect”, the inhomogeneous particle size distribution caused high standard deviation between the replicates. In order to correct this problem we tested different grinding time(from 10 to 70 minutes) and observed that as smaller the
particle size as higher the relationship between the expected results. Analysis of 20 samples of electronic scraps after 40 minutes of
grinding, getting particle size lower than 53 um demonstrated good agreement for Au, AG and Pd concentrations when compared
with Fire Assay analysis from Loren and Glencore Labs, The standard deviation (n=3) obtained for Ag, Au and Pd were lower than
7%;6.5% and 29.2% respectively. To ensure the results obtained by XRF the fire assays from both labs were compared and the
standard deviations(n=3) for Ag, Au and Pd were 8.8% 4.9% and 24.7% respectively.
16
<<.>>
F
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Preparation of Solid Standards for Trace Impurities in Palladium and Platinum
Algis Naujokas, Brent Vesa and David Petishnok, Sabin Metal Corporation
This work investigates, on a laboratory scale, a method to prepare small solid ingot calibration standards to determine trace
impurities in palladium and platinum. The standards are intended for use in solution and solid sampling instrumentation such as
ICP, arc/spark OES, spark ablation OES and GD-MS. Standards were prepared through the precipitation and co-precipitation of
spiked solutions of palladium and platinum and the subsequent melting into a small ingot form in an attempt to achieve a final
concentration in the metal of 5 ppm for 33 elements. This paper details the recoveries and contamination issues involved in the
process as well as instrumental comparisons
<<.>>
Thermogravimetric Determination of Moisture and Volatiles for Petroleum
Catalysts: A Comparison Between Classical Muffle Furnace and Automated
Instrumental Techniques
Zachary Henneman, BASF Corporation and Thomas Watt, SGS Minerals Services
TGA (Thermogravimetric Analysis) is an important tool for correcting the analytical data which are derived from the assay of
materials containing platinum group metals (PGM). This technique allows correction of the “As Is” determined data for moisture
and volatile losses which occur at specific set-point temperatures. There is however no industry accepted, standardized method
or temperature at which TGA measurements are made, these conditions are largely agreed upon by the assay house and the client
contracting the analysis of PGM-containing materials. The aim of the work is not to set an industry standard, rather to show data
for the more traditional methods in comparison to automated methods such as LECO TGA determination, as well as to show which
chemical compounds are evolving from the samples at specific furnace conditions with the help of TGA-MS (TGA-Mass Spectrometry).
<<.>>
New Fusion Technique for Samples with High Silicone Carbide
Kin-Chung Lam, Katie Ritchie, and Tristan DeBona, BASF-GSS/SM
Catalyzed soot filter typically contains high silicon carbide. Analysis of PGM in this material is challenging because of its low
PGM content and unusual fusion reactivity. A new fusion technique was developed for this material by optimizing oxidizer, flux ratio,
and heating scheme. Combining with the existing Te-collection-ICP methodology, the PGM recovery and precision were proved to
be excellent
<<.>>
17
G
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session G: Recovery and Recycling of Precious Metals
Session Moderator: Dr. Tim Johnson, Tetronics International
Session Location: Cibola 8-9
<<.>>
The Kinetics of Alkaline Sulfide Gold Leaching
Corby Anderson, Colorado School of Mines
As a viable alternative to cyanidation, the alkaline sulfide gold leaching system has been
studied and applied to the pilot scale. This paper will elucidate many of the fundamental conceptsbehind this selective gold leaching and recovery system. In particular, the results of recent kinetictesting will be presented in detail. As well aspects of the actual
application of the technology will also be elucidated.
<<.>>
Plasma Smelting Technology: Addressing the Challenges in Extracting Metals
from the Urban Mine
Tim Johnson, Tetronics International
The Recovery of precious metals and platinum group metals from secondary and recycled sources has been an important
component of the overall supply of these critical metals for many years. As primary production costs have continued to rise and the
quality and accessibility of ores has diminished, so these alternative sources have become ever more attractive for a wide range of
reasons related to economic, environmental, ethical and security of supply factors.
However, for all its undoubted advantages, the extraction of metals from the ‘urban mine’ brings its own challenges of metal
traceability, long term material supply, the potential for wide variability in feedstock composition and the need to engage with multiple smaller suppliers of recycled materials. As a result, technologies for processing such waste materials have been developed to
address these specific needs and are being widely adopted by recyclers around the world.
Tetronics’ DC plasma arc smelting technology is one of these technologies, lying at the heart of what is an increasingly localized
ecosystem of smaller processing facilities for recovering precious metals and platinum group metals. This paper will present some
of the features of Tetronics’ plasma technology that make it specially suited to this localized market for waste processing, such as
the small scale operation, the minimization of cross-contamination between different waste materials and the shortened cash flow
cycle.
<<.>>
Acid Less Separation: A Revolutionary Technology for the Precious Metals
Refining Industry - New Developments
18
Federico Padrono Martini, IKOI
This presentation will focus on:
a) who is IKOI and the role of IKOI in the project;
b) Traditional Refining VS Acidless Separation Technology;
c) Technical description
d) Advantages of the use of the Acidless Separation
e) New Developments
“The metallurgical knowledge of IKOI, jointed together with the collaboration with the research center of Ekaterinburg NonFerrous Metals Engineering center LLC EZOCM, gave the idea of using a process totally physical, rather than chemical, in order to
strongly reduce the use of acid during primary refining; nowadays, this process has become an in series production machine called
ACIDLESS SEPARATION®.
G
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
We are going to explain all the latest upgrading on results obtained with ACIDLESS SEPARATION® machines in the separation
of raw materials such as: dorè gold, jewelry alloys, and other raw alloys.
<<.>>
Benefits of Certification of End-Processing of Precious Metals and/or Copper
Bearing E-Waste for the Industry
Thierry Van Kerckhoven and Christina Meskers, Umicore Precious Metals Refining
Proper treatment of e-waste is a concern shared around the globe. Over the past rew years certification programs such as eStewards,R2,WEEElabex have been developed, mainly focusing on the collection as well as the sorting and physical separation of
amterials. These programs however do not yet include normative requirements and governing principles for the final metal recovery
or end-processing despite this being an integral part of the recycling chain. Especially for precious metal and/or copper bearing
fractions, which end-processing is the most critical from an environmental and economical perspective, there was an urgent need.
As part of wider efforts to ensure proper treatment of e-waste products and materials, four of the largest copper and precious
metal refining companies-Aurubis (Germany).Boliden(Sweden),Glencore(Canada) and Umicore(Belgium)-together with the European Electronics Recyclers Association (EERA) as well as Eurometaux-have worked to define requirements for end-processing.
The resulting WEEE end-processing standard for precious metal/copper bearing WASTE Electrical and Electronic Equipment(WEEE)
fractions was signed in Fall 2014.All four companies pledged to implement the standard before 2016.
The End-processor standard helps to set a level playing field for e-waste recycling in Europe and beyond and can contribute to
enhancing the overall performance of the recycling chain. It ensures that valuable, environmentally important WEEE fractions are
dealt with sustainably, thereby combating illegal or unethical practices or the use of inefficient and harmful technologies. It also
helps the industry and stakeholders at large to identify sound end-processors based on a good framework and reference, and to
include them in the requirements in their contracts, certification and auditing systems so that appropriate recycling practices are
promoted.
The presentation will elaborate on the principles of the End-processor standard as well as the broader relevance of it for the
industry, including policy developments in Europe.
<<.>>
Recycling of Precious Metals Using Molecular Recognition Technology
Steve Izatt, Robert Bruening and Neil Izatt, IBC Advanced Technologies
This paper reviews applications of Molecular Recognition Technology (MRT) for recycling of precious metals. MRT flow sheets
are presented along with a discussion of the processes used.
<<.>>
Cadmium Deportment in Precious Metals Refining Operations
Michael Mooiman, Franklin Pierce University/Argo Advisors; Robert Sargent and Charles Daoust, Royal Canadian Mint
19
Precious metals feedstocks normally contain a host of contaminant metals, such as Hg, Cd, As, Se, etc. that are often referred
to as deleterious elements due to their health and environmental hazards and the challenges of handling these materials. Cadmium
is a fairly common contaminant in precious metals refining feedstocks. This paper serves to review the background and origins of
cadmium in refining feedstocks. Approaches to handling cadmium containing feedstocks are examined and a review of the chemistry of cadmium in refining circuits is presented. Finally the present state of the art in cadmium treatment, recovery and removal
from refining streams is examined.
<<.>>
H
Monday, June 15, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session H: Fuel for Thought: Precious Metals and Energy
Session Moderator: Jim Barrett, Sabin Metal Corp.
Session Location: Cibola 10-11
<<.>>
Precious Metals Loss and Recovery During Catalysts Change Out
Danny Kurtz, Cat Spec
Abstract Unavailable
<<.>>
Catalyst Handling: HSE and Material Balance
Willem Van Kooten, Shell
The management of catalyst handling. How to minimize risk exposure for the catalyst handling staff, the responsibilities each
party has including an example of a fatality in the industry including that good management for any catalyst handling job will
optimize the material balance.
<<.>>
TBD
David Wilkins, PetroVal
Abstract Unavailable
<<.>>
20
21
I
Tuesday, June 16, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session I: Age of Tomorrow:
Precious Metals Student Research
Session Moderator: Dr. Robert Ianniello, Chairman Awards Committee
Session Location: Cibola 1-2
<<.>>
IPMI 2015 Student Award Winners will present their ongoing research work.
22
23
J
Tuesday, June 16, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session J: What’s New: Precious Metals Technology
Session Moderator: Vicky Bruce, Assay on Wheels
Session Location: Cibola 3-4
<<.>>
Induction Melting Furnaces for Precious Metals
Charlie Fink, Inductotherm
This presentation will focus on the advantages of using induction technology for precious metals melting. Whether you recycle,
melt, alloy, refine, process or cast the full range of precious metals, including the platinum group metals, Inductotherm builds the
ideal melting system for your application. As the worldwide leader, we offer a complete line of clean and efficient electric induction furnaces and power supplies. This includes our world famous VIP® and VIP®-I™ induction power supplies; the versatile
Mini-Melt® crucible lined furnace; and a wide variety of lift-swing and push-out removable crucible furnaces. For melting large
quantities of precious metals, the Dura-Line® and Small Steel Shell furnaces are available for customers who process tons of metal
at a time. With 21 manufacturing facilities, an additional 43 sales/service locations and 33 representatives around the world in 47
countries, we set the world standard for customer service and support. No matter where you are, we’ll support you and that is why
metal casters around the globe choose Inductotherm. Today, we have built more than 32,000 melting and pouring systems in 121
countries and our systems now account for about half of the induction melting installations in use in the world today. Every day we
continue to develop new and better applications to support the metals and materials industries worldwide.
<<.>>
Principles of Platinum and PGM Alloys for Industrial and Jewelry Applications
Grigory Raykhtsaum, LeachGarner
Platinum and platinum group metal (PGM) alloy wrought materials offer a unique combination of chemical inertness even at
elevated temperatures and exceptional mechanical properties. Sheet, foil, wire and tubing made with these alloys find numerous
industrial applications including automotive, electronics, medical device, aerospace and glass processing. Some of these alloys
have a special place in high-end jewelry as, in addition to desirable strength, platinum metals exhibit the color that enhances precious stone reflections. This presentation reviews basic physical metallurgy of platinum and PGM alloys and summarizes data on
some of their properties.
<<.>>
24
J
Tuesday, June 16, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
FlamelessTunnel Induction System, the New Normal for Producing Casted
Investment Bars after the Last Process Technology Improvements
Federico Padrono Martini, IKOI
This presentation will focus on:
a) Advantages of using the flameless tunnel technology comparing with the traditional casting system;
b) The last updating for increasing ingots & Good delivery Bars quality, efficiency and safety;
c) Economical excursus on the flameless tunnel furnace
“The main purpose of this presentation is to enumerate and explain all advantages of Flameless Tunnel technology comparing
with the Traditional System used up to now.
In our Company philosophy of the continuous improving we want to announce, also this year, the new upgrading systems
(worldwide patented) on the already consolidated technology, that permits to have even better surface quality of ingots up to 100
oz.
Our interest is also to demonstrate with tables and easy numbers the ROI for this type of technology. Depending on production
quantities it can be possible to have a pay-back up to maximum 2/3 years”
<<.>>
New Technology and Equipment for Rhodium Chloride Production
Dmitry Shulgin and Sergey Medvedev, Konstantin Konik and Kuzas Evgeniy, EZCOCM
Ekaterinburg Non-Ferrous Metal Processing Plant JSC (EZOCM), being a part of RENOVA Group, is the oldest and one of the
leading Russian precious metals processing enterprises. Established in 1916 the company now renders the full cycle of precious
metals refining and processing services from assaying up to manufacturing precision items of precious metals and PGMs. Over
250 alloys based on precious metals are used for manufacturing products applied in chemical, mining, electrical, jewelry, glassmaking, automotive, energy and a number of other industries.
EZOCM quality is confirmed by certificate T>V S>D according to ISO 9001:2008, by Good Delivery status of London Bullion
Market Association and Certificate of The London Platinum and Palladium Market.
From the moment of its formation our enterprise was a pioneer in the field of new products application and technologies.
Consumption of rhodium in the global industry mainly takes the form of chemical compounds. For this rhodium needs to be
dissolved. The faster, simpler and more economical it is done, the higher is the efficiency of subsequent processes.
EZOCM developed and implemented an original method of electrochemical rhodium chloride production, including a universal
set of equipment. The raw material is any commercially available rhodium (sponge, powder, black). The dissolution rate depends on
the size of the raw material. When rhodium size is minus 0.5 mm, the dissolution rate reaches 0.33 kg/day. The final product, high
purity rhodium chloride solution, is used as a precursor for producing rhodium salts (a nitrate, sulfate, phosphate, etc.). EZOCM
delivers the technology and the equipment set “turnkey”.
<<.>>
Advances in Iridium Manufacturing
Stuart Bestrom, Safina Materials
25
Iridium is one of the densest elements and it offers strong corrosion resistance and compatibility with temperatures as high
as 2000C. Safina Materials ongoing development of improved refining processes allow higher levels of Iridium purity better than
typical 99.9%. Forming and machining of iridium for various applications is difficult due to its hardness, but new technology allows
consistent production in various forms for wire, crucibles and targets.
<<.>>
K
Tuesday, June 16, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session K: Keeping You A Brief: Precious Metals Legal,
Regulatory and Insurance Matters
Session Moderator: Barbara Curtis, Johnson Matthey
Session Location: Palazzo Cibola 8-9
<<.>>
An Update on Gold and Other Precious Metals Compliance and Investigations
by Federal Law Enforcement
Peter Quinter, Gray Robinson
For the past few years, and continuing into 2015, Federal law enforcement agencies, including U.S. Customs and Border
Protection (CBP), Homeland Security Investigations (HSI), and the Financial Crimes Enforcement Network (FinCEN) are all very
interested in the activities of companies which buy, sell, import, transport, or possess precious metals. Criminal investigations,
criminal prosecutions, civil seizures and forfeitures, and demands for information to precious metals companies are routine as the
Government looks for fraud and money laundering. A summary of such Federal law enforcement activities by a knowledgeable and
experienced attorney who will use real examples, will make you aware and keep you and your company out of trouble.
<<.>>
TTIP Update
Brian Ledgerwood, US Department of Trade
A representative from the US Department of Trade gives an update to delegates on TTIP.
<<.>>
Insurance: A License to Trade? A Broker’s View
and Then a Response from an Underwriter
Joint Presentation from Marsh Underwriting and Lloyds of London
Abstract Unavailable
<<.>>
26
K
Tuesday, June 16, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
The Changing Face of Risk: Emerging Risks and the Impact on the
Precious Metals Industry
Simon Codrington and Alex O’Hare, Hugh Wood Inc.
Risk Management continues to advance into the mainstream of business life. In the past, risk management was restricted
to the area of compliance, and viewed as the cost of doing business. Increasingly we are seeing the study of risk move from a
reactionary discipline to a mainstream dialogue to maximize profits, reduce obstacles and engage the entire culture within the
precious metals industry. Businesses are now challenged to communicate a clear set of guidelines and expectations from senior
management and throughout the organization on ways to address, minimize and transfer risk.
Our presentation will address the changing face of risk. Specifically we will examine topical cyber and business loss claims
scenarios and offer solutions to maximize profits, enhance client relationships and reduce obstacles, through management and
transfer risk.
<<.>>
27
L
Tuesday, June 16, 2015
8:30 a.m. - 12:00 p.m.
(Abstract Listed Where Available)
Session L: It’s Your Portfolio: A Look into Precious Metals
Markets and Investments
Session Moderator: Erica Rannestad, Thomson Reuters
Session Location: Cibola 10-11
<<.>>
E-Scrap Market
Erica Rannestad, ThomsonReuters
A Discussion on Recycling Volumes and Regulations in major e-Scrap Markets as it applies to all precious metals, specifically
gold and silver.
<<.>>
Precious Metals and Interest Rate Normalization
Jonathan Butler, Mitsubishi Corp.
This presentation will explore the implications for precious metals of US rate rises while many other central banks pursue
monetary loosening.
<<.>>
The Micro and Macroeconomics of Gold
Erik Norland, CME Group
Abstract Unavailable
<<.>>
Thriving Demand for Offshore Storage and The FATCA Factor
Mark Yaxley, Strategic Wealth Preservation
Mark will discuss the growing movement of savvy investors seeking offshore storage solutions for their precious metals. He
will explore several of the key influencers of this developing trend and present an overview of the ideal storage solution and its impact on members of the industry. He will also explain the effects of the Foreign Account Tax Compliance Act (FATCA) and the rules
surrounding this often-misunderstood topic as they apply owning precious metals abroad.
28
<<.>>
Sunday
House
To
L
ob
by
29