Minesite Newsletter 17th September 2012

Minesite Weekly Roundup 10th - 17th September 2012 Dear Minesite subscriber, Weekly Review The old order may be weakening, but it is not dead yet. Thus in spite of weeks, nay months, of agony in the Eurozone and in spite of various pronouncements from China about slowing growth and stimulus, it was none other than the chairman of the Federal Reserve who really put a rocket under the gold price last week. 'Twas ever thus. Ben Bernanke's plan to buy US$40 billion worth of mortgage-backed securities per month was bold, brilliant, and had an immediate impact. On the day, gold rose by US$40 to US$1,774 per ounce, but it's worth remembering that Big Ben had trailed this third round of quantitative easing some weeks in advance, and that gold has actually risen by US$200 per ounce in the last three months. So, will the strength in gold continue? You betcha. Will gold hit US$2,000 by Christmas? You betcha. Two separate factors will keep it high, never mind what fumbling around is done by politicians in Europe. The first is the stance of the Fed itself. For Americans feeling the pinch and about to go to the polls in November, jobs and the interest on their debts are of far more significance than the relative value of the US dollar against other currencies or commodities. And the Fed has said it will continue with its asset buying programme for as long as necessary. And the longer it goes on, the better the outlook for gold. The second reason to be bullish on gold, takes us back to our original theme: the old order is still in place, but it is weakening. In the twentieth century US foreign policy tended to follow the famous, if not altogether attractive tenet as applied by Franklin D Roosevelt to a Nicaraguan dictator: "He may be a son of a bitch, but he's our son of a bitch." In more recent years, his phrase has been especially applicable in the Middle East. So it was that the Americans backed Ibn Saud in the Arabian peninsular, came down on the side of Nasser in the Suez crisis, supported the Shah in Iran, and then cozied up to Saddam Hussain when the Shah was overthrown. That hard-headed pragmatism kept a lid on a potentially explosive region for the better part of six decades, the odd Israel-related war aside. But now the last of the great American puppets, President Mubarak of Egypt, is gone - and with it the stability he brought. And all it takes now to set the region ablaze in a conflagration of anti-Americanism is a tiny spark, such as an internet video from a Coptic exile. Make no mistake, there will be other sparks. A 25 nation fleet is currently massed in the straits of Hormuz, the Fatwah against Salman Rushdie has been renewed, the Syrians are in civil war, Afghans continue to kill their own people as well as foreign troops, the bombs keep going off in Iraq and Pakistan, and Christian fundamentalists in the US are only too happy to stick it to the Muslims, now and again just to stoke the flames. In such a global political climate, as the printing presses run while the Middle East burns, gold is your only choice. 90th Minesite Forum Thursday 27th September 2012 Sponsored By Thursday 27th September 90TH MINESITE FORUM ***NEW VENUE*** The Brewery Chiswell Street London EC1Y 4SD (Nearest stations are Moorgate and Liverpool Street) Presenting Companies Include: EMED Mining Mwana Africa Plc London Mining Plc Bromide Basin Our forums which are FREE to attend allow investors to hear directly from mining and exploration company executives, and to ask questions - before they invest To register for this event Click Here or contact support@minesite.com Jobs4mining in association with Minesite.com Jobs4mining.com is the worldwide online recruitment tool helping mining employers and recruitment organisations, to reach out to industry professionals.  We can provide the foundation to a recruitment campaign or just one individual job.  With +53,000 candidates already receiving job information, we know how to get your jobs in front of local nationals and highly skilled international specialists. Want to advertise?  Contact sales@jobs4mining.com VP HSE For Iron Ore Producer.  Based UK You Will Support The W African Operations General Manager/CEO And Oversee In-Country Exploration Tasks – Guiana/UK/Canada Senior Mining Expert/Executive Director – Strategy & Production - Indonesia Principal Mining Engineer – Consultancy – Based In The UK Highly Competent Engineering Department Manager, Based Sweden – Highly Educated Improvement Project Superintendent – Technical Role - On Process Plant Design/Commissioning Principal Mining Engineer For Mining Company – Based In Africa – Responsible For Life Of Mines Resource Geologist For Gold Producing Mid-Tier In West Africa Latest News News: September 17, 2012 US Money Managers Dance To Ben Bernanke's Tune, As QE3 Gets Underway News: September 16, 2012 That Was The Week That Was … In London News: September 15, 2012 That Was The Week That Was … In Australia News: September 14, 2012 That Was The Week That Was … In Canada News: September 14, 2012 Noricum Deploys Saudi Money As It Widens Its Search For Economic Gold Deposits In Austria News: September 13, 2012 Resolute Hits All The Right Notes In Perth And Denver News: September 13, 2012 Patagonia, Cangold, Great Basin, Olympus Pacific, International Enexco, And Aureus: The View From Vancouver News: September 13, 2012 Peninsular Gold Puts Its Troubles At Raub Behind It As Profits And Production Start To Rise News: September 12, 2012 Kootenay Triples Its Silver Resource At Promontorio News: September 12, 2012 Oracle Coalfields Cuts More Than US$400 Million Off Development Costs At Thar, And Is Now Courting Investors In The Middle East News: September 11, 2012 PMI Gold Delivers A Robust Feasibility Study For Obotan, And Is Now Moving Into The Financing Stage News: September 11, 2012 Shares In VANE Minerals Soar As Sales Nearly Triple And Losses Turn To Profits News: September 11, 2012 Rambler Metals Closes In On A Declaration Of Commercial Production At Ming News: September 10, 2012 Kibo Mining Transforms Itself Into A Multi-Commodity Mining And Energy Play, Focussed Solely On Tanzania News: September 10, 2012 Commodities Rise, As Bad US Data Combines With Further Intervention From Super Mario Press releases September 17, 2012 - Northland Resources S.A. Northland Granted Requested Train Slots on... September 17, 2012 - Patagonia Gold Half Yearly Report September 17, 2012 - Thor Mining Plc DRILL RESULTS EXTEND DEPTH OF SPRING HILL... September 17, 2012 - SolGold Plc Cascabel Exploration Update September 17, 2012 - Bellzone Mining Plc Forécariah Mining Permit Approval September 17, 2012 - Wolf Minerals Limited Wolf receives key environmental permits September 14, 2012 - Hambledon Mining Plc Half-yearly Report September 14, 2012 - Kingsrose Mining Limited Mine Accident at Talang Santo September 14, 2012 - Anglesey Mining Plc LIM AGM and Operations Update September 14, 2012 - Sandfire Resources Commissioning of DeGrussa Processing Plant September 14, 2012 - Syndicated Metals Limited Barbara Exploration Update September 13, 2012 - Caledonia Mining Corp Grant of Options September 13, 2012 - Spitfire Resources Ltd Full Year Statutory Accounts September 13, 2012 - CoAL of Africa Ltd Issue of Shares September 13, 2012 - Kirkland Lake Gold Inc Fiscal 2013 Q1 Operational and Financial... September 13, 2012 - African Consolidated Resources Plc New JORC Estimate lifts Total Gold... September 13, 2012 - Centaurus Metals Limited Jambreiro Project - Bankable Feasibility... September 13, 2012 - CGA Mining Ltd Corporate Presentation September 13, 2012 - Wolf Minerals Limited Appendix 3B September 13, 2012 - Volta Resources Inc. Volta Resources Continues to Report... September 12, 2012 - Gold Bullion Development Corp Gold Bullion Awards SGS Canada Inc.... September 12, 2012 - Landore Resources Inc Subscription September 12, 2012 - Petra Diamonds Limited Appointment September 12, 2012 - Landore Resources Inc Subscription September 12, 2012 - Zincox Resources Plc Production Update September 12, 2012 - Cluff Gold Plc Strategic Alliance between Cluff Gold and... September 12, 2012 - Botswana Diamonds Plc Additional Diamonds Discovered in Cameroon September 12, 2012 - Frontier Mining Ltd Half Yearly Report September 12, 2012 - Greatland Gold Plc Final Results September 11, 2012 - Cangold Ltd Cangold Terminates Option on Ixhuatan... September 11, 2012 - Olympus Pacific Minerals Inc Olympus Completes Metallurgical Test at... September 11, 2012 - SolGold Plc Guadalcanal Joint Venture Update September 11, 2012 - Greatland Gold Plc Final Results September 11, 2012 - Bellzone Mining Plc Kalia Mining Licence Approval September 11, 2012 - Mount Burgess Mining NL Generation of New Strong Zn/Pb Geochemical... September 11, 2012 - CoAL of Africa Ltd Result of EGM September 11, 2012 - Central Asia Metals Plc Disposal of Mongolian Assets September 11, 2012 - Great Basin Gold Limited Great Basin Gold Suspends Operations at... September 10, 2012 - Colossus Minerals Inc. Colossus Minerals to Present at the 2012... September 10, 2012 - International Enexco Limited International Enexco Completes Drill... September 10, 2012 - Petra Diamonds Limited Notice of Results September 10, 2012 - Focus Minerals Ltd FML Presentation at Denver Gold Conference September 10, 2012 - Galileo Resources Plc Due Dilligence Update on Rare Earth... September 10, 2012 - Noricum Gold Limited EM Survey Yields Multiple Gold Targets -... September 10, 2012 - Kefi Minerals Plc Interim results for the half-year ended 30... September 10, 2012 - Aureus Mining Inc Exploration Drilling/Trenching Results September 10, 2012 - Petra Diamonds Limited Notice of Results September 10, 2012 - Patagonia Gold Cap-Oeste Resource Update September 10, 2012 - Continental Coal Ltd Corporate Update September 10, 2012 - Latin Resources Limited Completion of Share Placement September 10, 2012 - Cluff Gold Plc Holding(s) in Company Don't forget to visit our other website

You are receiving this e-mail because you have either registered to receive e-mails from us on our website or you have attended a past Minesite Forum.

If you would like to unsubscribe from our e-mails or have any queries about the website or our events, please contact support@minesite.com.