THE value of gold and the direction of the gold price at a mining investor meeting are much like politics and religion at a dinner party – a guaranteed source of controversy likely to aggravate and a debate that will never reach any logical consensus. As much was proven by the 2013 London Mines & Money gold panel.
Anyone looking to China for major policy and currency reform is likely to be markedly disappointed, according to China Mezzanine Capital chairman, Joe Zhang.
Private equity could be the answer for select resource projects that are properly presented despite the natural mismatch between private equity investment criteria and the mining sector.
The world’s richest explorer believes that Russia has the largest geological endowment in the world, but he wouldn’t do business there.
Markus Bachmann, the chief executive of fund manager, Craton Capital told delegates at this week’s Mines and Money conference in London that peaks in both the investment and cost cycle would lead to enhanced operating margins and create opportunities for investors.
BC Iron Ltd has capped off a strong year by becoming the only miner to be upgraded to the S&P/ASX 200 in the index’s quarterly rebalance.
Harmony Gold Mining Company Ltd and Newcrest Mining Ltd have announced plans to conduct a feasibility study on their jointly owned Wafi-Golpu gold-silver-copper project in Papua New Guinea (PNG) to evaluate an underground exploration programme.
“I have a theory which I suspect is rather immoral,” Smiley went on, more lightly. “Each of us has only a quantum of compassion. That if we lavish our concern on every stray cat, we never get to the centre of things.” – John le Carré, Tinker, Tailor, Soldier Spy.
THE mining industry executive who recognises that equity capital comes at a cost deserving of compensation is rare today.
GIVEN the current period represents the season for gold investment – for those confident about the metal’s future prospects at least – there may be one ASX-listed gold miner keen on becoming a new champion of the sector taking a very close look at junior Gold Road Resources Ltd’ latest discovery.
I have discussed PwC’s Open Cut Mining Equipment Productivity Index (MEPI) over the past two weeks and how it is a better measure of the relative efficiency of open cut mining through its comparison of how much the equipment is actually moving. While mines cannot normally impact the price received for their commodity, how efficiently equipment is operated is definitely something which should be a very high priority for all mines.
THOUGH now sidelined by illness, Independence Group NL’s Chris Bonwick has left the company he founded early this century in rude health.
HIS name is Middlemas, Ian Middlemas, and he seems to be a middleman par excellence. He has had some big wins such as the $US1 billion takeout of Mantra Resources Ltd a couple of years back, and market traders and investors typically take note when he arrives on the register of a public company.
Looking back on 2013 is not a good idea if you’re a mining company. It’s even worse if you happen to be focussed on Africa. But there is opportunity within the Dark Continent for anyone brave and resilient enough to take on the challenges.
AN expert panel of fund managers at the 2013 Mines & Money conference in London told investors to pick people over projects, and told chief executives to come to terms with current valuations during an action-packed session in which it was also suggested we would learn nothing from the current bear market.
An agreement signed by streaming firm Silver Wheaton with Sandspring Resources last month that will take the junior through the feasibility stage demonstrates the kind of deals available for explorers in the face of uncooperative equity markets, Silver Wheaton chief executive Randy Smallwood told the Mines & Money conference in London this week. The junior sector should not, however, expect alternative finance sources to even partly replace traditional financing.
THE guts of this story is market tiddler Segue Resources Ltd is undertaking a systematic and rigorously scientific approach to exploration of its ground in the Fraser Range, Western Australia, scene of arguably the most significant new nickel-copper discovery world-wide in some years.