Minesite Newsletter 24th June 2013

Minesite Weekly Roundup 17th - 24th June 2013 Dear Minesite subscriber, Weekly Review Gold: the bulls say China, the bears say USA. In recent weeks, the USA has been winning hands down, as Ben Bernanke has flagged a likely end to quantitative easing, and the dollar has climbed. But although currently in retreat, the bulls still have some strong arguments in their favour. We'll be hearing some of them later this week, from two of the junior gold miners we follow at Minesite, Vatukoula Gold Mines and Conroy Gold & Natural Resources. Professor Conroy argues that China's rise continues, even allowing for the recent nervousness about credit and the accuracy of data. The Chinese will likely as government and as consumers continue to buy gold. Chinese government holdings of gold are nowhere near as large as the US's, which remains the benchmark for China. At the same time, the remnimbi will slowly and inexorably rise as a reserve currency, and over time may begin to challenge the dollar. More gold in the vaults will enable that process to happen more effectively. What effects those dynamics will have on the price isn't clear. But long term strength from Asia's rising star is the clear message. Meanwhile, at Vatukoula Dave Paxton has just taken delivery of a good slug of Chinese equity investment. Actually getting Chinese money in after it's been committed is no small achievement, and is a clear indication that the Chinese are serious. But what, actually, do they want? They like gold, says Dave, and they like gold assets outside of China. The market speculates that they may want to ramp up output in a big way to deliver economies of scale. Dave is cautious about confirming that on the record. But he does note that his Chinese investors have confirmed that they will bring a great deal more money to the party via a debt instrument. When that money will come in remains to be seen. Dave is off to China this evening, but is making no promises. When it does come though, it'll be another clear sign that the famous Chinese habit of taking the long view is once again in evidence, and that they are long-term bulls of gold. 95th Minesite Forum - 11th September 2013 95th Minesite Forum  Wednesday 11th September 2013 The Brewery Chiswell Street  London  EC1Y 4SD (Nearest stations are Moorgate and Liverpool Street) SAVE THE DATE 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.  Jobs4mining in association with Minesite.com Jobs4mining.com continues to expand the number of senior and strategic roles.  Today's senior personnel are expected to take a more formal approach to training junior members of their team and teaching features in many of the adverts. If you would like to find out more about advertising jobs please contact sales@jobs4mining.com Engineering Manager – Copper Smelter, Zambia Senior Mining Engineer – Technical Services, Edinburgh Executive Director/COO – Mining, Indonesia Deputy Project Manager , Supply Chain Improvement – Russia Port Manager – West Africa Exploration/Country Manager – Peru.  This Role Needs Current Residency Status General Manager – Gold Operations – South Africa Project Controls Manager – Engineering Qualified – Central London Latest News News: June 22, 2013 That Was The Week That Was … In London News: June 22, 2013 That Was The Week That Was ... In Australia News: June 21, 2013 That Was The Week That Was … In Canada News: June 21, 2013 Where Next For Gold? News: June 20, 2013 Latin Resources Focuses On Its World-Class Los Conchales Heavy Minerals Deposit In Peru News: June 20, 2013 The View From Vancouver: Formation Strikes Back Against Dissident Shareholders, Plus News From EMED, Ontario Iron, Northern Iron, And Telson News: June 20, 2013 Goldplat's Black Empowerment Partner Puts An Aggressive Valuation On The Company, Notwithstanding The Recent Housekeeping Exercise News: June 19, 2013 Oracle Coalfields Talks To Possible Partners For The Development Of Thar News: June 19, 2013 BP's Latest Report Says Coal Consumption Is On The Rise But Prices Remain Depressed In 2013 News: June 19, 2013 Despite The Delays, EMED's Harry Anagnostaras-Adams Reaffirms The Massive Opportunity At Rio Tinto And Executes A US$15 Million Financing News: June 18, 2013 Besra Continues To Generate Efficiencies At Its Vietnamese Gold Mines News: June 18, 2013 Marengo Hits A Power Supply Problem And Revisits A Cheaper Tailings Disposal Option For Its Yandera Copper Project In PNG News: June 17, 2013 Forte Energy's Latest Loan And SEDA At Least Ensure Directors Will Be Paid The Annual A$1.3 Million They Take Out Of The Company News: June 17, 2013 Firesteel Resources Brings In Joint Venture Funding For Its Canadian Copper Porphyry Portfolio News: June 17, 2013 The Short-Term Matters To Money Managers, Not The Long-Term, Which Gives Private Investors A Distinct Advantage Press Releases June 21, 2013 - EMED Mining New Exploration Licence Awarded  June 21, 2013 - Jubilee Platinum Plc Acquisition of PLA market update June 21, 2013 - Petra Diamonds Limited Block Listing Six Monthly Return  June 20, 2013 - Formation Metals Inc. Formation Metals Announces Dismissal of... June 19, 2013 - Formation Metals Inc. Formation Metals Exposes Dissident... June 19, 2013 - Sandfire Resources Sandfire Appoints Chief Operating Officer June 18, 2013 - Petra Diamonds Limited Notification of Major Interest in Shares June 17, 2013 - Leyshon Resources Ltd Update on Well ZJS6 And Well ZJS7 Don't forget to visit our other website

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