ARGOR-HERAEUS Group The golden link
The precious metals industry 36
Contents The precious metals industry - Overview of the industry - Organization - Sensitive issues 37
The precious Overview of the industry metals industry Overview of supply The production of silver (in tonnes) far surpasses that of other precious metals. Overview of the industry Gold 3'133 1'125 Silver 24'891 4'791 Sensitive issues 45 Platinum 133 Palladium 56 171 Organization Mine Scrap Net government sale Source : Gold field mineral services, 2014 data 38
The precious Overview of the industry metals industry Overview of demand 84% of the value of the precious metals market is based on gold, with much smaller percentages of other metals. Overview of the industry Palladium 3% Platinum 4% Silver 9% Sensitive issues Organization Gold 84% Source: Gold field mineral services, 2014 data 39
The precious Overview of the industry metals industry Demand for gold and silver Demand for gold in % Demand for silver in % Overview of the industry Central banks 10% Industrial fabrication 31% Jewellery Sensitive issues Investment 54% 26% Physical demand 56% Coins and bars 10% Technology Organization Silverware 3% 10% Source: Gold field mineral services, 2014 data 40
The precious Overview of the industry metals industry Demand for platinum and palladium Demand for platinum in % Demand for palladium in % Overview of the industry Retail Retail investment investment Petroleum 2% 0.5% 2% Other Glass Other 10% Electronics 0% 1% 16% Electronics 2% Chemical Sensitive issues Chemical 4% Autocatalyst 8% Dental 41% 5% Jewellery 5% Autocatalyst 69% Jewellery Organization 35% Source: Gold field mineral services, 2014 data 41
The precious Organization metals industry Overview The precious metals industry is governed by a variety of authorities, associations and rules. Overview of the industry Organization Sensitive issues Responsible Jewellery Council * EICC – Electronic Industry Citizenship Coalition GeSI – Global e-Sustainability Initiative
The precious Organization metals industry The chain For many years, we have worked with principal industry representatives to make all For many years, we have worked with principal industry representatives to make all players on the chain more responsible. players on the chain more responsible. Overview of the industry Mines Banks Traders (LSM, SSM, Transformation Banks Refining and ASM) Manufacturing Organization Sales Scrap sector Old Commerce Commerce jewellery Sensitive issues Flow of precious metals Responsible Jewellery Council Flow of money/ counter value 43
The precious Organization metals industry Identification of risks along the chain Due to our central role on the chain, we pay special attention to all potential risks. Overview of the industry ! ! ! ! ! Mines Banks Traders (LSM, SSM, Transformation Banks Refining and ASM) ! ! Manufacturing Organization Sales Scrap sector ! ! ! ! ! ! Old Commerce Commerce jewellery Sensitive issues Flow of precious metals Responsible Jewellery Council Flow of money / counter value 44
The precious Sensitive issues metals industry Overview of issues The value chain is characterised by a series of potentially critical factors. We work actively with the industry to improve these aspects. Overview of the industry Fight against Employee safety Taxation and Traceability of financing of royalties metals illegal activities Reliability of Fight against Safety of Respect for workers, business corruption metal human rights, and the partners Organization del environment settore DISTRIBUTION TRANSFORMATION SOURCE REFINING Scrap Industry (Industrial and old jewellery) Mines ARGOR-HERAEUS SA Banks (LSM, SSM, ASM) Sensitive issues Jewellery and Watches Good Delivery (Grandfathered, Non-Grandfathered) 45
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