Objective Capital Global Mining Investment Conference - Closing Keynote: Michael Lynch-Bell
1. London Global Mining Investment Conference Stationers Hall, London Wednesday 30 th September 2009 www.ObjectiveCapitalConferences.com 16.50 Closing Keynote “ Impact that borrowing during the latest cycle has had on the mining & metals sectors” Michael Lynch-Bell Head of Mining Ernst & Young
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13. Copper supply and demand in recessions Global Mining Investment Conference Source: ICSG, Ernst & Young Recessionary periods
14. FTSE sector price/earnings ratios Global Mining Investment Conference Source: Ernst & Young, Thomson Datastream At 31 January 2009: FTSE Industrial Metals 9.19 FTSE All Share 8.70 FTSE 100 8.51 FTSE Mining 3.85 At 25 September 2009: FTSE All Share 17.44 FTSE 100 16.36 FTSE Industrial Metals 16.02 FTSE Mining 9.87
15. Key mining indices in 2009 Global Mining Investment Conference Source: Ernst & Young, Thomson Datastream
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20. Our views and opinions Global Mining Investment Conference
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22. London Global Mining Investment Conference Stationers Hall, London Wednesday 30 th September 2009 www.ObjectiveCapitalConferences.com Michael Lynch-Bell Head of Mining Ernst & Young Michael Lynch-Bell is responsible for leading both Ernst & young’s Mining & Metals team across EMEIA and its global Mining & Metals transaction advisory services team. Mr Lynch-Bell has spent over thirty four years in the firm specialising in the provision of services to the extractive industries sectors and has worked with most of the firm’s extractive industry sector clients in many different parts of the world. He is Chairman of the ad hoc group of experts to the United Nations Framework Classification Committee on Reserves and Resources and is on the advisory panel to the IASB’s Extractive Industries Project.