Ivanhoe Mines Ltd. Class A · TSX:IVN
Ivanhoe Mines Ltd. Class A — PDAC 2020
71 slides from Ivanhoe Mines Ltd. Class A's conference presentation, March 2020
Slide 1: Robert Friedland, PDAC March 2020
a3 5 COMING SOON... iva ae ROBERT FRIEDLAND Executive Co-Chairman PDAC, MARCH 2020 E MINES
Slide 2: Our spaceship Mother Earth rotates on her axis
Our spaceship MOTHER EARTH rotates on her axis at ~1,000 miles per hour and races around our SUN at 66,627 miles per hour
Slide 3: We are all screaming through endless space
We are all screaming through endless space on a ball of iron, oxygen, silicon
Slide 4: Our Earth is 4.5 billion years old
Our Earth is 4.5 billion Years Old … Financial markets have only existed for ~3,000 years …
Slide 5: Xi Jinping
Xi Jinping President of the People's Republic of China
Slide 6: Shinzō Abe and Xi Jinping
Shinzō Abe Xi Jinping Prime Minister of Japan President of the People's Republic of China PLATREEF KAMOA-KAKULA Source: AFP/JIJI
Slide 7: Cyril Ramaphosa
Cyril Ramaphosa President of the Republic of South Africa Source: Getty
Slide 8: Félix Tshisekedi
Félix Tshisekedi President of the Democratic Republic of Congo Source: Reuters/Baz Ratner
Slide 9: European Commission $1.1 trillion Green New Deal
European Commission $1.1 trillion Green New Deal
Slide 10: Bernie Sanders $20 trillion Green New Deal
Bernie Sanders $20 trillion Green New Deal
Slide 11: AOC $90 trillion Green New Deal
AOC $90 trillion Green New Deal
Slide 12: Go ahead, make our day
GO AHEAD, MAKE OUR DAY.
Slide 13: Ivanhoe Mines & CITIC: The Real Green New Deal
Ivanhoe Mines & CITIC The Real Green New Deal
Slide 14: Urbanization
URBANIZATION The greatest social and economic transformations in human history CITIC’s 108-story tower, Beijing’s tallest
Slide 15: Urbanization
URBANIZATION 2018: 4.2 billion live in cities (55% of the global population) 2050: 6.7 billion live in cities (68% of the global population)
Slide 16: 8.5 billion people will call Earth home by 2030
8.5 billion people will call Earth home by 2030 Shanghai’s population tripled to 25 million in only two decades Source: Reuters
Slide 17: Explosive Urban Growth: 2018-2030
Explosive Urban Growth: 2018-2030 2030 2018 DELHI, INDIA DELHI, INDIA 28.5 MILLION 38.9 MILLION SHANGHAI, CHINA SHANGHAI, CHINA 25.6 MILLION 32.9 MILLION DHAKA, BANGLADESH DHAKA, BANGLADESH 19.6 MILLION 28.1 MILLION KINSHASA, DRC KINSHASA, DRC 13.2 MILLION 21.9 MILLION LAGOS, NIGERIA LAGOS, NIGERIA
Slide 18: WHO 2019: Air pollution is the greatest environmental risk to health
WHO 2019: Air pollution is the greatest environmental risk to health Dirty air kills around 7 million people annually and drains the global economy of $5 trillion annually Photo: TIME, SOURCE: WHO, World Bank
Slide 19: Air pollution kills more people in the U.K. than car crashes
Air pollution kills more people in the U.K. than car crashes: 2020 report People living in UK towns and cities 25 times more likely to die from air pollution than car crash Photo: AP/Alastair Grant, Stats: Centre for Cities charity
Slide 20: Humans are vulnerable to air pollutants
Humans are vulnerable to air pollutants seeping past the blood-brain barrier Sources: US EPA, BBC
Slide 21: Higher incidence of dementia associated with living close to heavy traffic
Higher incidence of dementia associated with living close to heavy traffic Lancet Medical Journal, Jan. 2017 Mother Jones illustration; Getty
Slide 22: Babies in prams exposed to up to 60% more pollution
Babies in prams/strollers can be exposed to up to 60% more pollution than adults Toxic air puts 17 million babies’ brains and lungs at risk: UNICEF Source: United Nations
Slide 23: Greta takes center stage
GRETA takes center stage Bloomberg, December 2019
Slide 24: Chile: Latin America's 'Oasis' Descends Into Chaos
Chile: Latin America’s ‘Oasis’ Descends Into Chaos PHOTO: PABLO VERA/AFP VIA GETTY IMAGES Photo: Getty
Slide 25: BlackRock Drives ESG
BlackRock Drives ESG $600 Million Investment We are at an inflection point where awareness of climate change is ” becoming more widespread. I believe we are on the edge of a fundamental reshaping of finance. Larry Fink, CEO, BlackRock, Jan. 2020 Source: Bloomberg
Slide 26: Metals are the New Oil
Visualizing the auto industry’s problem Metals are the New Oil To scale – area represents global market value of the commodity // Source: Clean Teq Note: Size represents the global market value of the commodity. Source: CleanTeQ
Slide 27: Less Oil, No Carbon, Few Answers
Less Oil, No Carbon, Few Answers Bloomberg, February 2020
Slide 28: The Revenge of the Miners
THE REVENGE OF THE MINERS The world will need to invest $240 BILLION over the next 5 years to meet growing metals demand SOURCE: WOOD MACKENZIE // PHOTO: JAMES CAMERON
Slide 29: Fig.1 The Internal Combustion Engine
Fig.1 The Internal Combustion Engine Pa
Slide 30: Elon Musk Built a Tesla Factory in China in Less Than One Year
Elon Musk Built a Tesla Factory in China in Less Than One Year Tesla Gigafactory 3 in Shanghai. PHOTO: Getty Images
Slide 31: Ivanhoe Mines is Building a Giant Copper Mine in Under Two Years
IVANHOE MINES is Building a Giant Copper Mine in Under Two Years
Slide 32: Copper demand for electric cars to rise 900% by 2027
Copper demand for electric cars to rise 900% by 2027 Sources: National Geographic; GM; Bernstein; Cleantechnica; Copper Alliance; BMO.
Slide 33: A Truck Load of Copper
A TRUCK LOAD OF COPPER Tesla Cybertruck Sources: BHP via ft.com (2016); Bernstein Research projection (2017)
Slide 34: More than 230 electric-vehicle models available by 2021
Mini Cooper SE MORE THAN 230 ELECTRIC-VEHICLE MODELS WILL BE AVAILABLE BY 2021 Source: Bloomberg New Energy Finance
Slide 35: EV sales in Europe to hit 7.7 million in 2030
EV sales in Europe are to hit 7.7 million in 2030, from just under 500,000 in 2019 BloombergNEF PHOTO: Bloomberg via Getty Images
Slide 36: NYC mayor orders all municipal vehicles to be electric
NYC mayor orders all municipal vehicles to be electric by 2040 Source: Elektrek
Slide 37: LAPD Hollywood Division Tests Out Tesla Cop Car
LAPD Hollywood Division Tests Out Tesla Cop Car 0 to 60 in 2.8 seconds… Photo: Tesla
Slide 38: Porsche Canada CEO: Half our cars to be electric
Porsche Canada CEO: Half our cars to be electric in 5 years Porsche has invested ~$6.5 billion in electric/hybrid technology Source: The Message
Slide 39: Electric Big Rigs are on the Horizon
Electric Big Rigs are on the Horizon Tesla’s fully-electric Class 8 truck sprinting from 0 to 60 miles/hr in 5 seconds Source: Tesla
Slide 40: Honda and Isuzu Ink Hydrogen Deal for Heavy-Duty Trucks
Honda and Isuzu Ink Hydrogen Deal for Heavy-Duty Trucks Source: Recharge
Slide 41: Platinum and copper intensive fuel-cell electric vehicles
Platinum and copper intensive fuel-cell electric vehicles backed by Toyota THE 2019 TOYOTA MIRAI: In Japanese, Mirai (未来) means ‘the future’ Source: Recharge
Slide 42: The Electric Everything Era
BOUR ar THE FUTURE HAS ARRIVED. THE ELECTRIC ERA = uuum AVIATION
Slide 43: UAE Powers Up World's Largest Solar Field
UAE Powers Up World's LARGEST Solar Field The Noor Abu Dhabi power plant includes 3.2 million solar panels; will produce approximately 1.2 gigawatts of electricity Source: The National
Slide 44: Coronavirus Strikes Again
Coronavirus Strikes AGAIN
Slide 45: China cuts taxes, orders banks to issue more cheap loans
Feb 25: China cuts taxes, orders state-owned banks to issue more cheap loans; its central bank has cut interest rates and pumped hundreds of billions into the system
Slide 46: Israeli startups develop copper, zinc nanotech masks
Two Israeli startups develop copper, zinc nanotech masks to block coronavirus Copper and zinc nanoparticles kill virtually all Corona viruses and bacteria in dramatic new use for the metals Source: Sonovia
Slide 47: Copper: the friendly, green bug fighter
Copper: the friendly, GREEN bug fighter Anti-microbial copper continuously kills up to 99.9% of bacteria, including ‘superbugs’ resistant to antibiotics, within 2 hours of contact Source: Quartz
Slide 48: Fitness centers turn to antimicrobial copper touch surfaces
Fitness centers turn to antimicrobial copper touch surfaces Copper certified to kill six types of bacteria Source: BlackIron Sports
Slide 49: Installation of antimicrobial copper in Brazilian airport
Installation of antimicrobial copper in Brazilian airport
Slide 50: Antimicrobial Copper
Slide 51: Starbucks Roastery
Starbucks Roastery This massive copper cask is where all Starbucks Reserve coffee beans rest and de-gas after roasting
Slide 52: The Biggest Problem in Electric Cars
The Biggest Problem in Electric Cars “ We have to scale battery production to crazy levels that people cannot even fathom today. That's the real problem. Elon Musk, Jan. 2020 Source: Tesla
Slide 53: Tesla expects global shortages of nickel, copper and other battery minerals
“ Tesla expects global shortages of nickel, copper and other EV battery minerals due to underinvestment in the mining sector. Sarah Maryssael Global Supply Manager for Battery Metals, Tesla Source: Reuters Source: Tesla
Slide 54: Renewable technology is absurdly PGM and copper intensive
Renewable technology is absurdly PGM and copper intensive Wind & solar energy up to 37 times more copper intensive than conventionally-generated electricity Source: VOX
Slide 55: Global wind turbine fleet to consume more than 5.5 million tonnes of copper
Global wind turbine fleet to consume more than 5.5 million tonnes of copper by 2028 GE planning 85-storey-high offshore wind turbine Source: GE
Slide 56: Aged U.S. Power Grid in Dire Need of an Overhaul
Aged U.S. Power Grid in Dire Need of an Overhaul A snapped wire from PG&E’s 100-year-old power line started the Paradise fire that killed 85 people in California Credit: Josh Edelson/Getty Images
Slide 57: What an average American consumed per capita
What an average American consumed per capita BEFORE the New Era of Electrification 1,515 tons of minerals, metals and fuels per person Current U.S. population: 328 million 521 lbs. zinc 1.18 million lbs. Source: Mineral Information Institute stone, sand & gravel
Slide 58: Not Enough Copper is Being Discovered
Not Enough Copper is Being Discovered Operating High probability Medium probability Low probability Mine supply requirement 22,000 Supply required to meet demand 20,000 18,000 5.7 million 16,000 tonne 14,000 deficit 12,000 Projected mine production by 2030 10,000 8,000 6,000 4,000 2,000 000 tonnes -
Slide 59: Chile's Grade Problem: Codelco ore grades
Chile’s Grade Problem: Codelco ore grades (R1) Mining More, Producing Less Mineral Processed (L1) 310 – – 0.78 Millions metric tonnes Percentage 260 – – 0.66 2013 Source: Codelco 2023
Slide 60: Falling Grade, Greater Impact
Falling Grade, Greater Impact Since 1900, the energy needed to produce copper has increased 16 fold per unit, while water consumption has doubled Copper mining town, Bisbee, Arizona, ca.1900
Slide 61: Palladium more expensive than gold has ever been
Palladium more expensive than GOLD HAS EVER BEEN Palladium Gold Silver Platinum
Slide 62: Palladium Market nears 10-year deficit
Palladium Market nears 10-year deficit Palladium ETFs have drawn down 2015 SOURCE: REUTERS 2020
Slide 63: Rhodium Rocket – Prices have risen
Rhodium Rocket – Prices have risen RH approx. US$11,000 in 24 months – $13,000 As at Feb. 28, 2020, rhodium approx. US$12,850 an ounce $1,700 – Jan. 2, 2018 Feb. 28, 2020 Source: Johnson Matthey
Slide 64: Providing metals for the 'Smart Age'
29 46 28 78 27 28 23 Cu 63.546 Pd 106.42 Ni 58.693 Pt 195.08 Co Ni V 50.94 58.933 58.693 79 45 30 32 21 Au 196.967 Rh 102.906 Zn 65.38 Ge 72.631 Sc 44.96 30 Ag 65.38 Ivanhoe group of companies is in the business of providing metals for the 'Smart Age'
Slide 65: Ivanhoe will produce green copper
IVANHOE WILL PRODUCE GREEN COPPER Underground mines with tiny surface footprint 55% of tailings returned underground Powered by clean, green hydro-electricity High grade = more copper, less CO2 The Mwadingusha hydropower plant in the Democratic Republic of Congo (DRC).
Slide 66: Kakula's chalcocite ore grading 63% copper
Kakula's chalcocite ore grading 63% copper
Slide 67: Kamoa-Kakula's +6% Cu ore grade lowest carbon footprint
Kamoa-Kakula’s +6% Cu ore grade will have the lowest carbon footprint of any major copper mine on our planet, which will realize future premium prices in the supply chain Photo by Tetyana Kovyrina from Pexels
Slide 68: Platreef on track to be Africa's lowest-cost PGM producer
Platreef on track to be Africa’s lowest-cost producer of palladium, rhodium, platinum and gold Phase 1: 476,000 oz. platinum, palladium, rhodium and gold (3PE+Au), plus 33 million lbs. nickel and copper, at US$351/oz. 3PE+Au
Slide 69: Platreef Revenue Per Tonne of Probable Reserves
Platreef Revenue Per Tonne of Probable Reserves (US$/tonne ore)
Slide 70: Kipushi is the world's highest-grade zinc-copper mine
Kipushi is the world’s highest-grade zinc-copper-silver-germanium mine Best drill hole intersected 340 metres of 44.8% zinc
Slide 71: The Ivanhoe Group
恭喜发财! The Ivanhoe Group