Minesite Newsletter 25th February 2013

Minesite Weekly Roundup 18th - 25th February 2013 Dear Minesite subscriber, Weekly Review As we highlight in our Australian market report, only three gold companies managed upward moves this week on the ASX. And it was a similar picture in Canada and London. The reason was as plain as the nose on your face: gold's tumble through the US$1,600 mark. What lay behind that tumble is a more nuanced matter. The bears argue that signs of a growing recovery in the US and around the world will lead to greater economic activity and that this will be bad for gold as a safe haven as investors will be more ready to spread capital around elsewhere. But as Rob Davies points out in his weekly commodities report – this week entitled All Change At The Top - there is another view, and it relates less to global economic activity and more to the value of the dollar, the currency in which gold is priced. The dollar hit a five month high last week, as the latest skirmishes in the currency wars were played out. Sterling weakened on more quantitative easing, and expectations of yet more. The Japanese yen also fell against the dollar, as the likelihood that the practical implications of "Abenomics" will be a looser monetary policy. And economic forecasters now expect the European economy to contract by 0.3 per cent this year, as opposed to the previously anticipated 0.1 per cent increase. That did little to bring buyers in for Euros. All of which means dollars are up simply because as Winston Churchill once said about democracy, it is the "least worst" option. But as Rob Davies points out it also means that in most local currencies metals prices are unchanged. So will there be a bounce in gold? It seems likely. Whatever happens, we'll keep you posted of all the major developments on commodities and equities markets here on Minesite. 93rd Minesite Forum - Wednesday 20th March 2013 Sponsored by 93rd Minesite Forum  Wednesday 20th March 2013  *** NEW VENUE *** The Brewery Chiswell Street  London  EC1Y 4SD (Nearest stations are Moorgate and Liverpool Street) Presenting Companies Include: Connemara Mining Botswana Diamonds Volta Resources URU Metals To register click here or contact support@minesite.com  If you are interested in Speaking or Sponsoring a Minesite event please contact; Sophie Barrowman - sophie.barrowman@minesite.com T: 02075623362 Our forums (which are FREE to attend) enable investors to hear directly from mining and exploration company executives, and to ask questions before they invest.  Master Investor 2013 - Register Now Master Investor 2013, the UK's leading investment show, returns on Saturday April 27th at the Business Design Centre in London. And as a Minesite subscriber you could be attending for free! To claim a free pair of tickets (worth £40) CLICK HERE and enter the Promotional Code MINE2013. For more details on the unrivalled speaker line up and exhibiting quoted companies visit the Master Investor website. Jobs4mining in association with Minesite.com Jobs4mining highlights only a few new jobs in the Minesite newsletter.  Contact us to find out more about how we reach out to the mining industry, worldwide, with new career opportunities. Superintendent Resource Optimisation – Zambia.  Human Resources Background, Experience Africa Geologist – Mexico.  Undeground Mining, Latin America Exp With Spanish/English.  Various Minerals Chief Operating Officer With Surface And Underground Mining Experience. Performance Optimisation Eligible / Qualified Person in Ontario.  Exploration Resources & Database Manager, Gold, Mauritania Category Management – Supply Chain, London.  Experience Delivering Savings In Mining/Oil&Gas Underground Mining Central Asia.  Oversee Contractor Efficiency And Performance Expectations Senior Mine Planner For Short And Long Term Planning, Open Pit.  West  Africa www.jobs4mining.com Asia Mining Congress 2013 Being Asia's most influential mining & capital raising conference, Asia Mining Congress 2013 will continue to provide over 2,000 senior level executives and leaders from over 30 countries around the region - the platform to explore new business partnerships and networks. www.terrapinn.com/asiamining Latest News News: February 23, 2013 That Was The Week That Was ... In London News: February 23, 2013 That Was The Week That Was ... In Australia News: February 23, 2013 That Was The Week That Was … In Canada News: February 22, 2013 Evolution Delivers The Goods, But It Takes Investors A Day To Recognise An Emerging Star News: February 21, 2013 An Illuminating Gravity Survey Points West African Minerals Towards More High Grade Iron Ore In Cameroon News: February 21, 2013 Silver Lake And The Integra Integration News: February 21, 2013 The View From Vancouver: EMED, Northern Iron, First Majestic, And International Enexco News: February 20, 2013 Continental Coal Plans To Increase Coal Production To 10 Million Tonnes Per Year By 2015 News: February 20, 2013 Azumah Is Now Bringing Critical Mass To The Wa Gold Project In Ghana News: February 20, 2013 DMCI Swoops On Toledo Mining With A 50p Per Share Cash Offer News: February 20, 2013 Violence Bursts Into The Open In The South African Platinum Industry, Again News: February 19, 2013 The Strategic Nature Of Rare Earths, Cobalt, And Metallics Will Provide Ample Opportunity For Attractive Returns In The Years Ahead News: February 19, 2013 Pan African Completes Its Acquisition Of Evander, And Pushes On Towards A Production Target Of 250,000 Ounces News: February 18, 2013 Minera IRL Moves One Step Closer To Production With The Completion Of The Tunnel At Ollachea News: February 18, 2013 Exploration News Could Be The Real Driver For Sandfire's Share Price This Year Press releases February 25, 2013 - Ascot Mining Plc DJ Ascot Mining plc Financing Update February 25, 2013 - Afferro Mining Inc. Signing of MOU with POSCO for Development  February 25, 2013 - Petra Diamonds Limited Interim results  February 25, 2013 - Toledo Mining Corp Plc Holding(s) in Company  February 25, 2013 - Silver Mines Ltd Trading Halt February 25, 2013 - Serabi Gold Plc Operational Update on Palito Mine February 22, 2013 - Ormonde Mining Plc Potential Divestment of the La Zarza Project  February 22, 2013 - Condor Gold Plc Placing  February 22, 2013 - Horizonte Minerals Plc Final Results February 22, 2013 - Toledo Mining Corp Plc Form 8 (OPD) Toledo Mining Corporation PLC  February 22, 2013 - Resolute Mining Ltd Half Year Report February 22, 2013 - Silver Lake Resources Ltd Murchison Gold Operations - Maiden Gold Pour February 21, 2013 - Stratex International Plc Holding(s) in Company February 21, 2013 - Evolution Mining Half Yearly Report and Accounts February 21, 2013 - Centaurus Metals Limited Positive Drilling Results from Canavial... February 21, 2013 - Mincor Resources NL Investor Update February 21, 2013 - Baobab Resources Plc TETE GLOBAL INVENTORY EXCEEDS 720MT  February 21, 2013 - Afferro Mining Inc. Nkout Iron Ore Project-Further Extensions... February 20, 2013 - Mwana Africa plc Replacement - Leach Tank Incident Update  February 20, 2013 - First Majestic Silver Corp First Majestic Elects Not to Exercise... February 20, 2013 - Stratex International Plc West Africa Update  February 20, 2013 - Eastern Platinum Ltd RESTRICTED OPERATIONS AT ZANDFONTEIN SECTION February 20, 2013 - Vane Minerals Group Mexico Quarterly Operations Update  February 19, 2013 - Continental Coal Ltd Penumbra Ramp Up and Mine Operations Update  February 19, 2013 - Continental Coal Ltd Corporate Update 1 February 19, 2013 - Northern Iron Corp Northern Iron Files Project Description on... February 19, 2013 - International Enexco Limited International Enexco's JV Partner Cameco... February 19, 2013 - Jubilee Platinum Plc Update regarding proposed merger with PLA February 19, 2013 - Toledo Mining Corp Plc Toledo Mining Corporation PLC:Notification... February 19, 2013 - Tertiary Minerals Plc Result of AGM February 19, 2013 - Sunridge Gold Corp Result of AGM February 19, 2013 - Silver Lake Resources Ltd Murchison Gold Project - Commissioning Update February 19, 2013 - PMI Gold Corp Obotan Project Update February 19, 2013 - Alkane Resources Ltd Company Insight-TGP construction,DZP... February 19, 2013 - PMI Gold Corp PMI and Keegan Agree To Terminate Merger... February 19, 2013 - Bullabulling Gold Limited Resource Extension Drilling Underway -... February 19, 2013 - Chaarat Gold Holdings Ltd Award of two additional mining licences  February 19, 2013 - SolGold Plc Cascabel Earn-in Agreement Re-negotiated  February 19, 2013 - Baobab Resources Plc Operational Update: Tete Pre - Feasibility... February 18, 2013 - Patagonia Gold Directorate Change  February 18, 2013 - Condor Gold Plc Issue of Equity  February 18, 2013 - Sirius Minerals Plc York Potash signs KEYTRADE AG marketing... February 18, 2013 - Stellar Diamonds Plc Change of Adviser  February 18, 2013 - Sunrise Resources Plc Cue Diamond Project Update  February 18, 2013 - ECR Minerals Plc FINANCING UPDATE  February 18, 2013 - Evolution Mining Half Year Financial Results Conference Call February 18, 2013 - Northland Resources S.A. Notice to Attend the Creditors' Meeting... February 18, 2013 - Toledo Mining Corp Plc Mandatory Cash Offer for Toledo  February 18, 2013 - Vatukoula Gold Mines plc High Grade Drilling Intersections - Philip... February 18, 2013 - Kryso Resources Plc UPDATE ON CONSTRUCTION OF PAKRUT GOLD PROJECT February 18, 2013 - Toledo Mining Corp Plc Toledo Mining Corporation PLC : Disposal... February 18, 2013 - EMED Mining EMED Mining completed an updated Technical... February 18, 2013 - Vatukoula Gold Mines plc High Grade Drilling Intersections - Philip... Don't forget to visit our other website

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