2. Imerys
Imerys of France purchased Rio Tinto’s talc operations on August 1st.
Imerys mines rare resources and turns them into specialities that improve the products and processes of its customers in industry and construction.
Imerys has an unmatched portfolio of resources in items of diversity and geographic balance and an excellent grasp of large-scale mineral conversion technologies.
Its innovation capability enables it to design high value-added solutions for its customers.

3. Imerys, Luzenac Group
With an annual production of one million tonnes, Luzenac Group is the world leader in talc processing with total market share of approximately 15%. Imerys therefore broadens its functional offering for technical applications and in a wide range of industrial markets.
Thanks to its lightness and strength in Plastics & Polymers, talc can be used to reduce vehicle weight, for example:
Incorporated as a filler, it improves the quality of Paints & Coatings, through its matting, anti-corrosion, anti-cracking and anti-mold properties.
Used in the Paper-making process, it makes recycled paper whiter, in particular; Talc’s also contributes to other applications. Its thermal resistance and mechanical strength allows Ceramics manufacturers to lower their firing temperatures and limits thermal distortion.
Talc also improves quality of Health and Beauty Products.

4. The Ontario Operations
Penhorwood Mine – Open Pit with Stockpiles
Penhorwood Concentrator Facility – Flotation Plant
Timmins Micronizing Mill – Fine Grinding Mill
Foleyet Loadout Facility – CN Rail Bulk Railcar Loading Facility

5. Our Rich History
Mine and Micronizing plant located in Northern Ontario some 450 miles north of Toronto
Opened in 1974 by John’s Manville, acquired by Steetley Talc in 1978, Luzenac in 1988 and then amalgamated with Luzenac America and Rio Tinto
Major expansion in 1986, 1992, 1998, 2000
Started in pitch control,
Expanded in paints with the Artic Mist
Expanded in the polymers with JetFil line
Expanded in ceramics
Presently Timmins- Penhorwood – Foleyet
2011 Imerys purchased the worldwide talc operations

6. Every Talc is Different!
Our Rich History
Every Talc is Different!

7. Penhorwood Operation

8. Timmins Micronizing Mill
Primary Grinding
PT-9 Jet Mills, ACM

9. Today's Applications for Talc

10. Fascinating Facts About Talc
Talc is a rock formed over many millions of years. It is water repellent, inert, platy and the softest mineral on Earth.
15,000 years ago, cave dwellers used talc as an ingredient in their paints.
The Chinese were already using talc in glazed pottery (618 to 907).
Talc has been used in cosmetics for thousands of years. The ancient Egyptians and the Vedics of India were using it to lighten their skins as much as five thousand years ago. Around the same time, the Chinese were making face powders from rice powder mixed with ground minerals such as talc and kaolin.
There are hundreds of talc deposits of various sizes in activity throughout the world. Each talc deposit has its own features, its own geological signature. Talc can be white, grey, pink, blue, violet, green and even black.
Talc is used in the manufacture of a myriad of everyday products including animal feed, automobiles, cables, sweets, ceramic tiles, chewing gum, cosmetics, fertilizers, foundry technology, olive oil processing, paint, paper, pharmaceuticals, plaster, plastics, printing inks, putties, refractories, roofing, sanitary ware, tyres and of course body powder.

11. Leading supplier of industrial minerals
High value-added specialties essential to a wide range of industrial sectors
Logistic
Logistic
Process:
Beneficiate & Transform
Mining

12. Consumer goods  45%(1) Numerous applications for daily life
Fused aluminum oxide for optical glass polishing
Diatomite to filter beer and wine
Kaolin for coated advertising papers
Carbonates for baby diapers
Clay bodies for tableware
Graphite for batteries
etc…

13. Building renovation & maintenance  15%(1) New construction  16%(1)
Variety of applications and products for construction
Red clay for roof tiles and bricks in France
Talc for paints
Bodies for tiles & sanitary ware
Fused aluminum oxide for polishing walls
Carbonates additives for windows' PVC profiles
etc…
Imerys estimates – in % of 2010 consolidated net sales

14. Industrial goods  24%(1) Plenty of industrial applications
Refractory linings for high temperature manufacturing processes
Fused minerals for abrasives
Carbonates, talc for industrial plastics
Graphite for lubrication applications
High purity quartz crucibles for photovoltaic cells
Zirconia based oxygen sensors
etc…
Imerys estimates – in % of 2010 consolidated net sales

15. Minerals for Ceramics, Refractories, Abrasives & Foundry
Four businesses
Minerals for Ceramics (29% of 2010 sales) : products of raw materials and bodies for tableware, sanitary and floor tiles, quartz
Minerals for Refractories and Oilfields (27%): production of acidic refractory minerals as andalousite, chamottes and specialties for oilfield industry
Fused Minerals (36%): fused alumina and bauxite for cutting, grinding and polishing mills, sand papers, fused zirconia
Graphite & Carbone (8%): high performance graphite powder for the mobile energy, engineering, refractory markets

16. Pigments for Paper & Packaging
The world’s broadest range of white pigments
Kaolin zones: Cornwall (UK), Georgia (USA) and the Amazon delta (Brazil)
A global platform for the production of ground calcium carbonate (GCC): Europe, Americas, Asia/Pacific
Various PCC production sites
A dedicated business group to answer the fast-changing needs of global paper customers
Europe (46% of 2010 sales)
North America (28%)
Mercosur (8%)
Asia-Pacific (18%)

17. Performance & Filtration Minerals
Two businesses
Performance Minerals (56% of 2010 sales): mineral additives for paint, plastics, adhesives , sealants…
Minerals for Filtration (44%) : diatomite and perlite for edible liquids filtration (beer, wine, edible oils,…)
A wide range of raw materials with many matching characteristics...
Carbonates clays, kaolin, mica, feldspar,
Diatomite, perlite, vermiculite

18. Materials & Monolithics
Building Materials (44% of 2010 sales):
Clay roof tiles, bricks and chimney blocks
Natural slates
Refractories Solutions (56%):
Monolithic refractory: concrete used used in numerous industries: such as cement factories, power stations, petrochemistry, incinerators, casting plants and industrial furnaces;
Kiln furniture for the tiles and ceramics industries

19. Diversified markets(1)
Europe
North America
Others (incl. 26% in emerging countries)
45%
18%
Consumer
Goods
12%
15%
24%
Industrial
Equipment
11% 5%
8 %
16%
10% 2% 4%
New
Construction
15%
Renovation 9% 2% 4%
48%
21%
31%
Imerys estimates – in % of 2010 consolidated sales

20. A large customer base
The Group’s 10 biggest customers account for 15% of its sales
None of them represent more than 3% of total sales
Based on 2010 figures

21. Reserves and mining (2/2)
30 minerals  116 mining sites(1)
115 geologists all around the world
Almost 600 Mt of reserves with at least a 20-year horizon
Ongoing development of mineral reserves and resources (exploration, mining, acquisitions of new deposits)
State-of-the-art mining and manufacturing techniques  Reporting compliant with the PERC code and reviewed by the Audit Committee
Ongoing site restoration program with objective of minimizing ecological footprint
A mining site may include several mines or quarries.

22. Sustainable Development (1/2)
Environment: environment-friendly activity management; responsible use of mineral reserves
Health & Safety: guarantee the health and safety of employees in the workplace
Human Resources development: social benefits, ongoing training and industrial dialog as the basis for sustainable growth
Community relations: the Group acts as a full member of every community where it is based
Innovation: energy efficiency and emission reductions factored into work on process and product development
Governance: best practices applied in strict compliance with transparency and ethical rules

23. Sustainable Development (2/2)
Frequency rate(1)
Safety
- 82% decrease in frequency rate(1) since 2005
Environnement
Generalization of environmental management systems
160 sites are equipped with an EMS as of 12/31/10
Eco Bos Project
Eco town to be developed on former mining and industrial sites in Cornwall
Number of lost-time accidents x 1,000,000/number of work hours

24. Accelerate development through innovation
Global network of 270 engineers and technicians
24 research centers : 7 main research centers (UK, USA, France, Austria, Switzerland) and 17 regional laboratories
Sustained effort coordinated by the Innovation Department
New products, applications and processes
Application R&D : renewal of the offering and development of our customers performance
Disruptive innovations  entering new markets
On average, R&D expenses account for about 1% of Group sales

25. Sales by geographic zone(1)
Global presence
Worldwide locations of reserves and industrial sites
Europe (France, Italy, Spain, Austria, Belgium)
North America (United States, Canada)
Asia-Pacific (Japan, Australia)
Industrial site
Headquarter
Sales by geographic zone(1)
More than 20 years’ mineral reserves and resources
Modern industrial assets
(1) non-audited estimate

26. 240 industrial facilities
Imerys
2010 Key figures
Sales
€3,347 million
Operating margin
12.5%
ROCE
13.0%
15,090 employees
in 47 countries
More than
240 industrial facilities
7 main research centers
Listed on NYSE Euronext Paris stock market
Market capitalization: €3.4 billion (September 2011)
General mining sector

27. Headcount evolution