Minesite Newsletter 5th August 2013

Minesite Weekly Roundup 30th July - 5th August 2013 Dear Minesite subscriber, Weekly Review What will Diggers & Dealers be like this year? We'll know shortly when Our Man in Oz files his report, just as soon as he can get over there after a trip on the way to the opening of Sandfire's DeGrussa mine. But a clue lies in an article published in the West Australian last week, and picked up in London by the keen-eyed boys at RFC Ambrian. Leading on the latest write-down at Alacer, the West Australian took the opportunity to highlight the scale of the write-downs that have recently been decimating the balance sheets of the Aussie miners. In some cases the write-downs are even bigger than the company in question. Silver Lake has flagged up write down of between A$320 million and A$370 million, as against a market capitalisation of A$262 million, according to data provided by Ambrian. And Kingsgate Consolidate has written down A$320 million worth of assets as against a market capitalisation of A$234 million. Other notable write-downs include Alacer (A$456 million), Western Areas (between A$90 million and A$100 million), Ramelius (A$58 million), OZ (between A$200 million and A$240 million), Resolute (A$70 million), and Newmont (A$2.3 billion). So will the parties in Kalgoorlie be as hard and wild this year as in previous years? One would think not. Nevertheless, deals are still getting done. In the latest, Orion has signed a deal with Mark Creasy for land on Fraser Range. For all the latest, be sure to check in to Our Man in Oz's report later in the week. 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) Presenting Companies Include: Kefi Minerals 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 Exploration Manager – Highly Experienced In Uranium And Coal - Botswana Exploration Manager – Gold - Mozambique Mining Company In The Northern Cape (South Africa) Is To Appoint A Mine Manager HSE Manager – Sub-Sahara Africa French/English Mine Superintendent – West Africa Mine Superintendent – Gold - Senegal Technical Expert Electrical Engineer Expansion Project- Indonesia Mill Maintenance Manager - Kygyzstan Compliance Manager - Africa For more information about Jobs4mining email us at sales@jobs4mining.com Latest News News: August 04, 2013 That Was The Week That Was ... In London News: August 02, 2013 That Was The Week That Was ... In Australia News: August 02, 2013 That Was The Week That Was … In Canada News: August 01, 2013 The Excitement At Stratex International Switches To West Africa News: August 01, 2013 Balamara Resources Sees Plenty Of Opportunity To Meet Europe's Growing Energy Demands By Mining Metallurgical Coal In Poland News: August 01, 2013 The View From Vancouver: Donner Metals Extends The Mineralization At Bracemac-McLeod, Plus News From Kootenay, Horizonte, And Marengo News: July 31, 2013 Aurum Exploration: When The Going Gets Tough, The Tough Get Digging News: July 30, 2013 First Nations Training Programmes Are Beginning To Reap Real Economic Benefits In British Columbia News: July 30, 2013 A Rising Cobalt Price Improves The Outlook For Formation's Flagship Project In Idaho News: July 29, 2013 Besra Targets Its Sixth Consecutive Year Of Production Growth News: July 29, 2013 Production Cutbacks Will Be Good For Prices In The Long-Term, But The Likes Of Anglo Will Suffer A Great Deal Along The Way Press Releases   August 02, 2013 - Jubilee Platinum Plc Update on Disposal August 02, 2013 - Gunson Resources Ltd Appointment of New Managing Director August 01, 2013 - Callinan Royalties Corporation Callinan Royalties and Excelsior Mining... July 31, 2013 - Gunson Resources Ltd Quarterly Report and Appendix 5B July 31, 2013 - Botswana Diamonds Plc Brightstone Joint Venture Agreed on 13... July 31, 2013 - Mwana Africa plc Final Results  July 31, 2013 - Leyshon Resources Ltd Quarterly Cashflow Report July 31, 2013 - Leyshon Resources Ltd Quarterly Activities Report July 31, 2013 - Metminco Limited QUARTERLY ACTIVITIES REPORT  July 31, 2013 - Marengo Mining Limited Quarterly Cashflow Report July 30, 2013 - Conroy Gold and Natural Resources Plc Further re Preliminary BIOX Results  July 30, 2013 - Jubilee Platinum Plc Market Update  July 30, 2013 - Stratex International Plc Turkey Update  July 30, 2013 - Marengo Mining Limited Quarterly Activities Report July 30, 2013 - Serabi Gold Plc Appointment of new Director  July 30, 2013 - Resolute Mining Ltd Quarterly Activities Report   Don't forget to visit our other website

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