Minesite Newsletter 28th August 2013

Minesite Weekly Roundup 19th - 28th August 2013 Dear Minesite subscriber, Weekly Review Gold has moved back over US$1,400 as traders fret about increased tensions over Syria, following a chemical weapons attack in Damascus. UN inspectors have drawn sniper fire, and a concerted military build-up is now underway in the eastern Mediterranean. Whether the US, Britain and France will be stupid enough actually to attack remains to be seen. But the strength in gold serves as a reminder of the metal's millennia-old safe haven status. Strong physical demand over the past month or two has taken much of the sting out of the sharp drop in price in April. Indeed, Eric Sprott said over the weekend that he believes we are in the midst of a glaring supply crunch for physical gold. According to this view, banks with short positions have been desperate to cover them. But these are now covered, opening the market back up to the bulls. Sprott notes that China now imports 1,200 tonnes of gold every year, as opposed to the 200 tonnes a year imported not so long ago. And although Indian demand is being artificially suppressed by government measures, there's huge growth potential there too. The net result is that Sprott reckons the gold price could double within a year. Talking his own book? Perhaps. But if the yanks start throwing missiles into Syria, it won't be US dollars that investors pile into. 95th Minesite Forum - 17th October 2013 95th Minesite Forum  Thursday 17th October 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; Paul Newman paul@minesite.com 0207 562 5422 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 is in contact with some very good mining professionals who are seeking a new appointment.  By advertising your roles with us, we will be able to email experienced mining personnel worldwide and bring your vacancies to their attention. Some of this week's current roles : Senior Manager – Resource Geologist – Corporate Office - Toronto Group CEO, Iron Ore – UK Base Financial Analyst – Corporate Accounting – Toronto Centerra Gold - Engineering Manager.  Resident Position – Mine Engineering/Mine Geology Cost Engineer – Saudi Arabia Security Superintendent – South Africa Head Of Procurement – Africa To Oversee Procurement Strategy Senior Mine Geologist – Gold - Laos For more information about Jobs4mining email us at sales@jobs4mining.com Latest News News: August 28, 2013 Botswana Diamonds Signs Up Alrosa As A Joint Venture Partner In Orapa And Gope At last it's official. Botswana Diamonds has announced that it has signed a joint venture deal with Russian giant Alrosa. Full story... News: August 27, 2013 Amur's Run Of Good Newsflow Looks Set To Continue As The Drills Continue To Turn At Kun-Manie Shares in Amur Minerals have just about doubled since December last year.  Full story... Commodities: August 27, 2013 Money Gets More Expensive, But That May Not Be A Bad Thing For Metals Central banks set overnight and short-term interest rates. All of the major ones have told the world that these rates are not about to change in the short, or even the medium, term. Full story... News: August 25, 2013 That Was The Week That Was ... In London Improved manufacturing data from China, the Eurozone and the USA competed for investors' sentiment with uncertainty over the US Federal Reserve's timetable for tapering off its quantitative easing programme, and shares mostly drifted.  Full story... News: August 25, 2013 That Was The Week That Was ... In Australia Minews. Good morning Australia. Gold seems to have retained its role as the driver in your markets. Oz. Very much so. A five per cent rise in the gold index took the gain to 19 per cent over two weeks, and with the near-certainty of more to come next week because the gold price kept rising after we had closed on Friday. Another factor which returned last week was the falling Australian dollar which, at one stage was below US90 cents, but closed the week at around that figure. Full story... News: August 24, 2013 That Was The Week That Was … In Canada Minews. Now over to our Canadian Correspondent for a look at how the Canadian Markets performed this past week. Full story... News: August 22, 2013 Unigold Closes In On An Initial NI 43-101 Resource At The Neita Gold Project The old Australian miners call landscapes which host massive mineral deposits "elephant country" and, with 25 targets already identified on their enormous Neita property in the Dominican Republic, management at Unigold believe they may be exploring in just such an environment.  Full story... News: August 22, 2013 Kefi Seeks To Boost Its Resources In Saudi Arabia Preceeding Initial Feasibility It is nearly 50 degrees centigrade at Jibal Qutman in the Saudi Arabian desert. But it is not the weather that is firing up Jeff Rayner, managing director of Kefi Minerals, as he waits for 2,000 assay results from this gold prospect to be collated on the way to producing a new resource estimate and taking Kefi on the road to a mining licence and production.  Full story... News: August 22, 2013 The View From Vancouver: Minera IRL Raises US$80 Million In Argentina Plus News From Carpathian, Forum, And Teuton It's been an eventful two weeks for investors in Minera IRL. Following up on their excellent second quarter results last week, the South America focused miner announced that they have successfully raised US$80 million in project financing for their Don Nicolas project in Argentina through a combination of debt and equity in the local market.  Full story... News: August 21, 2013 Minera IRL Secures US$80 Million For Don Nicolas, Which Should Start Producing Gold By The End Of Next Year There are certain jurisdictions where the political risk is perceived to be just too great for the majority of Canadian and UK investors. Full story... News: August 20, 2013 Protests Have Not Shifted Beowulf's Iron Resolve Clive Sinclair-Poulton, entrepreneurial executive chairman of Beowulf Mining, is resolutely upbeat as he spells out the company's prospects for establishing an iron ore project with a 40 to 50-year mine life at Kallak in the Jokkmokk district of northern Sweden. Full story... News: August 20, 2013 Metminco's Shares Surge 400 Per Cent, As Optimisation Work And Confidence Combine To Win Back Once-Sceptical Investors Is it a bridge too far? Several commentators have said that it might be.  Full story... News: August 19, 2013 First Majestic's Management Team Proves Highly Adaptable In Light Of The New Silver Price Environment It's no secret that precious metals producers have found themselves in a tough spot with the dramatic deterioration of metals prices in 2013.  Full story... Features: August 19, 2013 Gold Fields' Nick Holland: Yes, Resource Nationalism Can Be The High Road To Growth And Prosperity At a time when the mining industry globally is besieged by falling commodity prices, soaring input costs and investor apathy, resource nationalism strikes fear into the hearts of many mining executives and investors.   Full story...   Press Releases August 28, 2013 - Sandfire Resources 2013 Annual Financial Report and Appendix 4E  August 28, 2013 - Baobab Resources Plc IFC RENEWS COMMITMENT TO TETE PROJECT... August 28, 2013 - Beowulf Mining Plc nterim Results August 27, 2013 - Noricum Gold Limited Commencement of Drilling at Rotgulden Gold... August 27, 2013 - SolGold Plc Environmental Licence Received for Cascabel  August 27, 2013 - Resolute Mining Ltd Preliminary Final Report August 27, 2013 - Resolute Mining Ltd Syama Update and Reserve Resource Statement August 23, 2013 - Callinan Royalties Corporation Callinan Announces Quarterly Royalty... August 23, 2013 - Afferro Mining Inc. Special Meeting & Management Information... August 22, 2013 - Patagonia Gold Reporting Issuer Status in Ontario, Canada August 22, 2013 - Spanish Mountain Gold Ltd Spanish Mountain Gold Announces Start of... August 22, 2013 - SolGold Plc Environmental Report Approval for Cascabel August 22, 2013 - Caledonia Mining Corp Appointment of Mr Holtzhausen as a... August 22, 2013 - Stratex International Plc Interim Results August 21, 2013 - Caledonia Mining Corp Retirement of Carl Jonsson as a... August 20, 2013 - Tertiary Minerals Plc Updated Company Presentation August 20, 2013 - Baobab Resources Plc Baobab signs JV agreement with Auroch... August 20, 2013 - Caledonia Mining Corp Caledonia Mining Corporation: Appointment... August 20, 2013 - Tertiary Minerals Plc Project Update August 20, 2013 - Caledonia Mining Corp Retirement of Robert W Babensee as a... August 19, 2013 - Oracle Coalfields PLC Adjournment of General Meeting August 19, 2013 - Ormonde Mining Plc Form 8.3 - Ormonde Mining plc August 19, 2013 - Minera IRL Ltd Minera IRL Announces $80 Million Financing... August 19, 2013 - Botswana Diamonds Plc Joint Venture in Botswana  August 19, 2013 - Carpathian Gold Inc Carpathian Gold Inc. Announces $16 Million... Don't forget to visit our other website

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