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Monday, September 2, 2013

Minesite Newsletter 2nd September 2013

Untitled Document
Minesite.com Informed comment and independent mining news
Minesite Weekly Roundup 28th August - 2nd September 2013
Dear Minesite subscriber,
Weekly Review

President Obama's Syrian policy is all at sea. Of that there can be no doubt. He's bought some time for himself short-term, by offering Congress a say on what happens next. But if he now seems like a hostage to fortune, the only person who's made it so is President Obama himself.

A year ago the same man, unprompted and against the better judgement of anyone with even a modicum of education in history, arbitrarily declared that the use of chemical weapons would be a "red line".

You could see the thoughts chugging around in his embattled brain: "I'll look tough and they'll never actually use chemical weapons anyway".

Not wholly unreasonable, since Syria signed the global convention against chemical weapons in 1968, and there have only been a handful of recorded cases of chemical weapons use in the years since World War II.

But the idea that killing children by one particular method is more abhorrent than killing them by another sits ill in any system of thought, and certainly doesn't seem to have bothered whoever it was who set off the attack on August 21st.

After all, the first rule of war is to win. All other considerations are secondary. This thinking lay behind the widespread use by the USA of chemical weapons in Vietnam, by Japan in China, by the British in Iraq (look it up), and by all sides in World War I. And that's to name but a few.

Losing a war is far worse than being accused of winning it brutally. And this home truth is as old as time itself.

It is the fundamental theme in the Iliad, one of the cultural cornerstones of Western civilisation, in which war is waged in brutal unremitting fashion between the Greeks and the Trojans for ten bloody years. The prose may be beautiful but the message is clear: the idea that war is anything other than a fight to the death is ludicrous.

President Assad knows that this is a fight to the death. He's seen what's happened to Saddam and Gadaffi, and he's fighting for his very life. Will a "shot across the bows" change his outlook. Arguably, it will only make him more determined to fight to win by any means.

But one thing is for sure: as long as this uncertainty persists upward pressure on gold and oil will continue.

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Latest News

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News: September 01, 2013

That Was The Week That Was ... In London

Press Releases

September 02, 2013 - Stratex International Plc West Africa Exploration Update
September 02, 2013 - Metminco Limited Half Year Report 
September 02, 2013 - Mwana Africa plc Directorate Change 
September 02, 2013 - SolGold Plc Commencement of Drilling at Cascabel 
August 30, 2013 - Amara Mining Plc Holding(s) in Company
August 30, 2013 - Mwana Africa plc Cost Cutting Progress
August 30, 2013 - Noricum Gold Limited First Hole Completed at Rotgulden
August 30, 2013 - SolGold Plc Cascabel Ownership & Project Update 
August 29, 2013 - Afferro Mining Inc. Publication of Q2 Results
August 29, 2013 - Carpathian Gold Inc Carpathian Gold Inc. Closes First Tranche...
August 28, 2013 - Kefi Minerals Plc Fox-Davies Capital
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

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