Louis Rozman to deliver the Julius Wernher Memorial Lecture.
This year the Sir Julius Wernher Memorial Lecture will be delivered by Louis Rozman, Executive Director at Pacific Road Capital (an Australian Mining Investment Fund) and Chairman of the Valmin Committee of the AusIMM. His talk will be on the valuation of exploration properties.
Sir Julius Wernher was one of the founders of the South African mining industry. He went to South Africa in 1873 as a diamond buyer for the London and Paris company Jules Porges. Between 1880 and his death in 1912, Wernher, with others including Alfred Beit, Barney Barnato, Solly Joel and Cecil Rhodes, built the South African industry, which at the time was based on the richest mineral deposits in the world. On his death, Wernher left a fortune of £11.5 million, far more than many of his colleagues, a large art collection and houses, including Bath House, just down the road in Piccadilly. He was a member of the Haldane Committee that led to the formation of Imperial College. The Royal School of Mines building in South Kensington owes its existence largely to the munificence of Wernher and Beit and a bequest of £250,000 was instrumental in the establishment of Cape Town University.
Wernher and his widow made generous gifts to the Institution of Mining and Metallurgy, which instigated the Memorial Lecture in his honour in 1947.