Want to know what's wrong with the mining industry? PwC explains it all here. The takeway: it's bad, but not all bad, and there is hope if the industry is willing to make some changes.
Articles Tagged "mining"
The need for low-cost production may prove to be the mother of invention, argues Emerging Trends Report Editor Richard Karn. Although miners are far more technologically conservative than oil producers, today's tough financing environment may prompt technological advancements in a sector that has historically approached processing "with brute force rather than finesse," says Karn. In this interview with The Metals Report, Karn explores the possibilities for technological advancement in the mining space and tells us how we could (theoretically) reach a state of "resource equilibrium."
The province’s resource production is forecast to soar, but some feel the left-leaning New Democratic Party, which is leading in the polls ahead of the May 14 vote, could be a threat to that growth.
Caterpillar (NYSE:CAT) posted disappointing first-quarter profits on Monday, cutting its full-year forecast.
At PDAC 2013, INN Senior Editor Andrew Topf and Tom Hoefer, executive director of the NWT & Nunavut Chamber of Mines, discussed mining in Canada's Northwest Territories and Nunavut, touching on the recent transfer of power from the federal government to the territories, the potential for new metal mines as well as labor and infrastructure challenges.
Hunter Hillcoat, mining analyst with Investec Securities in London, talks to Tungsten Investing News regarding his coverage of Wolf Minerals. Investec recently revised their buy rating price target for Wolf Minerals to 29.4p down from 31.6p.
Nickel – Reuters reported that UBS Investment Research has recommended buying of selected mining stocks such as nickel, citing the soaring prices of nickel as well as an encouraging macroeconomic environment.
Copper – Copper is lower as market players await the latest GDP data from China, where appetite for the red metal has already been falling. Some analysts hope that weak Chinese data will lead to further monetary easing, which in turn would spur demand for base metals.
Gold – Gold prices have risen sharply but gold miners' shares haven't kept pace. Some argue the gap is set to close.
Clean Mining Alliance unveiled its new industry association aimed at promoting advancements in clean technologies to make the mining industry cleaner and more environmentally responsible.