The 66th Sydney Mining Club Meeting
with the support ofAusenco, GPR Dehler, HSBC & Outokumpu
Thursday, July 3rd at 12.30 p.m.
Magnesium International CEO Gordon Galt
"Magnesium on a Knife-Edge"
The stakes of a central South Australian magnesium deposit, a Port Pirie refinery proposed and their owner Magnesium International (MIL) this month took a sudden hike when the competing Central Queensland Australian Magnesium Corporation (AMC) project dropped to its knees.
Mans industrial evolution is defined by metals - bronze, steel, aluminium, & silicon. The next metal to redefine our world could be magnesium. Analysts already see a looming production shortfall of 200,000tpa of magnesium, and with precious few new magnesium projects arising, whether or not AMC falls right to the mat has world wide implications. They are felt nowhere more than at Gordon Galts office at MIL where assessments as to whether AMCs represents an MIL opportunity, or a collateral threat, change with every morning paper. From Gordons point of view a market imperative just got more imperative. He stresses the 1915 foundations of the Dow process MIL has tied down and the fact that Theiss will carry a good proportion of process rectification cost over-runs to distinguish from AMC. The shortfall is 200,000tpa, MIL plans to do 80,000tpa and AMC was to do 90,000tpa. The driver is manufacturer mandates for Greenhouse efficient automobiles. The world wants the metal but who wants to be first? Its a fascinating current affairs scenario and Gordon Galt will present an up to the moment account. MIL are filling a placement, tweaking some drawings and getting in front of a lot of people. The game is in play dont miss it.
RSVP Tuesday prior
The Forum is held at the Tattersalls Club at 181 Elizabeth St, Sydney (adjoining the Sheraton on the Park).
There has been a relaxation of dress rules at the Tattersalls Club and ties and jackets are no longer required but men must wear long trousers and a smart collared shirt.
Thank you for supporting your Sydney Mining Club and for your interest in the current affairs and issues that drive our industry.
Dear Sydney Mining Clubbers,
The excellent lunch at Tattersalls in 2003 is $40.00 per person with complimentary drinks on arrival. Wine for the table can be ordered and settled directly with Tattersalls staff. All students remain at $10 so you should remind your student friends of this (Student ID to be presented at door). I can assure you we are working hard to minimise the cost of your forum lunches.
At some time in the future we may move to a formal membership arrangement for the Sydney Mining Club so if you have any friends and colleagues to add to our 'virtual membership list' - that is our e-mail list - now is the time to ask them to send their name and e-mail address to Sharon.
Students $10, Concession Rate $30, Everyone else $40.
Corporate Table bookings (10 people) $400.00 (incl GST) per table
Please note any bookings received after close of business on the Tuesday prior
to the lunch will automatically be charged a late fee of $10 per person.
The Sydney Mining Club
Fax bookings to 02 9416 2583
E-mail to: firstname.lastname@example.org
(Other inquires call 02 9416 0666 and ask for Sharon Johnson)
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This booking form can be used as a receipt for tax purposes.
AusIMM ABN 59 836 002 494
RSVP BY 5pm, Tuesday prior to Meeting
Note late bookings $10 extra!!