 | |  | Australia/Asia | Thursday, October 16, 2014
| | | | | | It must all seem a bit fruitless when a company has got good news to report but the macro market is bearish and not remotely interested. The well-credentialed Dacian Gold was a case in point this week. | | | |  | | | | It's not uncommon for existential angst to come to the fore in tough times. Thus no great surprise there is now some hand wringing going on as to the future for juniors (and by proxy discoveries) in the gold sector. | | | | | | | | While new Kidman Resources managing director Martin Donohue says the prime focus of the ASX-listed explorer will now be on the Browns Reef project in the Cobar Basin of New South Wales, he denied the underwhelming copper resource at the company's previous main project was behind the exit of the former managing director. | | | | | | | | In the past three months I have seen more presentations by heavily indebted gold miners, with no hedging but lots of hope, than I can remember seeing in the past 30 years. | | | | | | | | When I suggest to my American chums that we pop down to my club for lunch, there is often a slight ripple of anticipation at the prospect of friendly ladies not wearing as many clothes as our weather would dictate they should. | | | | | | | | Twenty years ago the mining industry was slow to recognise changes in China, an oversight which led to the resources boom. It is possible that an equal but opposite mistake is being made today, with Chinese metal demand declining and a train wreck looming for miners. | | | | | | | The latest IMF global growth forecast continued a depressingly long sequence of downgrades with the potential to sap optimism about the prospects for a cyclical recovery in mining profits. | | | | | | | The numbers are down but juniors are still drilling out in the never-never of Australia and Core Exploration is a case in point. | | | | | | | Successful, sustainable companies in the resources sector shouldn't be focusing on share price performance and profitability. | | | | | | | It's been a good year for Baker & McKenzie. As many law firms continue to struggle to maintain pre-recession business levels and are either merging or haemorrhaging partners, Bakers culminated its 65th financial year by breaking the US$2.5 billion revenue barrier, marking the first time a law firm has done this since the onset of the global financial crisis. | | | | | | | Veteran mining IT executive Peter McLure says the fairly linear advance of mining's technology-change 'curve' over many decades should now mirror the trajectory of other industries, where exponential rates of adjustment are becoming the norm in response to, or anticipation of, disruptive factors. | | | | | | | The article 'Don't look downstream' from the 26 September issue of Mining Journal, presented a downbeat assessment of the prospects of the nuclear industry. It's not a view shared by many beyond the more ardent opponents of nuclear energy. | | | | | | | Garry Tuckwell, Wipro's global natural resources business leader, believes the mining industry could be going around in circles as the majors race each other to centralise and integrate key technical, operations and marketing personnel. But as well as the requisite associated technological advancement, he sees the process yielding another vital benefit. | | | | | | | | |  |  | Not a subscriber? Start a FREE trial to view these articles and more premium content. | | | | | |  | | | Latest Supplement | | | | Message from the Western Australian Mines and Petroleum Minister | | Department of Mines and Petroleum (DMP) Deputy Director Michelle Andrews said the Western Australia's (WA's) resources sector had remained the main driver of Australian economic growth and assisted the national economy to weather the Global Financial Crisis (GFC). | | 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. | | | | |  | | Company profile | | | Russian precious metals company Polymetal International plc's commitment to establishing an extensive pipeline of growth projects has continued with the acquisition of the Kyzyl gold project.
| | | | | |  | | Professional placements | | The Prospectors & Developers Association of Canada (PDAC) is seeking an Executive Director (ED) to oversee its operations from its headquarters in Toronto, Ontario | | | | | | |  | | Events update | | December 1-5, 2014, Business Design Centre, London, UK | | | | | December 10-12, 2014, The Grand Hotel & Suites Toronto, Canada | | | | February 9-12, 2015, Cape Town, South Africa
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