Mining Word News: New Issue Alert

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This newsletter contains today's breaking news and a summary of this week's Mining Journal.

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Barminco boss likes path ahead

Senior executives at leading underground mining contractor Barminco remain positive about the company's global expansion plans and continuing to build a cash stockpile in the face of difficult market conditions. And while there is little immediate prospect of an IPO to recapitalise the company, CEO Peter Stokes maintains M&A is on his radar.

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Freeing up southern Africa's transport corridors

Two significant logistics announcements in recent days highlight the amount of effort being put into expanding and improving the rail and port transport corridors in southern Africa.

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This Week's Cover

Don't look downstream

While uranium producers will be toasting the recent rise in the spot price hoping the worst is behind them and the re-start of those Japanese reactors is only a few months away, the long-term situation might not bear looking at.

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This Week's Columns and Features

Boiling frogs

"Everything that can be counted, does not necessarily count. Everything that counts cannot necessarily be counted." – Albert Einstein

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The thick of it

At over seven thousand feet above sea level the air at Beaver Creek was thin, certainly thinner than I expected. When I arrived at the conference I thought the tinned oxygen provided by CIBC was a novelty.

Iron ore forecasters struggle as Australia worries

Australia's iron ore price forecasters are being put to the test as prices slump and the nation's disproportionate dependence on the steelmaking ingredient causes uneasiness in markets and policymaking circles.

Glasenberg's mood swings

It has been easy for some time to characterise Ivan Glasenberg, the chief executive of Glencore plc, as the mining world's biggest bear, but recent events point to a change with the bear possibly turning into a bull.

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Comment

Trust is the currency

Building trust, not roads, schools or water pipelines, is the key to miners sustaining their social licence to operate into the future, though the latter will no doubt do wonders for the trust factor in developing economies as will the industry's ability to more accurately cost and sell the benefits of social investments.

Latest Supplement

MJ Western Australia Supplement

Western Australia's (WA's) resources industry remains the powerhouse of the State and the nation.

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Western Australia: one of the world's resources powerhousePromoting opportunities in mineral resources

Message from the Western Australian Mines and Petroleum Minister

A deeper look at WA's resources industry

Following the amendment of the Mineral Resources Act, the responsibilities of the former Bureau of Minerals and Petroleum as per January 1, 2013 have been divided among the Ministry of Industry and Mineral Resources, the Mineral Licence and Safety Authority and the Environment Agency for Mineral Resources Activities.

Global presence supports trade and investment

With the Western Australian (WA) Department of Mines and Petroleum (DMP) and the WA Department of State Development (DSD) located in Perth, the State Government is supported by 11 offices in key global export and investment regions.