As Christmas gets ever closer, you could be forgiven if the rush of December has meant that Mines and Money London – which took place just two weeks ago – isn’t quite as fresh in your mind. We’re going to change all that (sorry) in a series of posts this week which sheds the spotlight on featured industry talks, debates and sideline discussions from across the week that was.
Following on from our feature on Mining Journal’s coverage, we’ve now rounded a selection of articles filed from around the world – from Reuters, The Australian, CNBC, Bloomberg, Mining Review Africa, Platts and CommodityTV.
CNBC: Is gold still an inflation play?
Silver Wheaton CEO, Randy Smallwood, discusses the impact from the mining sector and the strong U.S. dollar on precious metals.
Metal Bulletin: More cutbacks, more demand growth needed to support sector – Evy Hambro
More production cutbacks and more demand increases: this is what’s needed to create a material upturn in mining and metals, according to Evy Hambro, md and chief investment officer of BlackRock’s natural resources equity team.
Industrial Minerals: Funds still available for “good” developments
The global mining industry continues to be squeezed by an oversupply of most commodities and a slowdown in demand from China. However, despite a lacklustre mining market, opportunities still exist for projects that have low potential cash costs and a “good” management team, according to mining investors.
Reuters: More big writedowns seen in mining sector – Blackrock
Mining companies will be forced to post a new wave of writedowns and dividend cuts due to the slide in metals prices, an executive from the world’s biggest fund manager said on Tuesday.
Mining Review Africa: Sibanye Gold’s Neal Froneman CEO of the Year
Dual-listed Sibanye Gold CEO Neal Froneman has been voted as “CEO of the year” at the 13th annual Mines and Money London conference, held last week.
The Australian: Commodity price rout to wreak havoc on mining dividends
Some investors also say gutting dividends to pay off debt is common sense. “I think companies would be wise to cut dividends,” Evy Hambro told delegates at the Mines and Money conference in London last week.
Commodity-TV: Fission Uranium: “We Still Think the Denison Deal Made Sense”
Commodity-TV speaks to Fission Uranium’s Dev Randhawa at their booth at Mines and Money London
Platts: Gold Industry in Denial on Debt Losses and Needs to Explore More, says Randgold
The gold industry is not doing enough to combat debt and rising losses and not investing enough in exploration, Randgold CEO Mark Bristow said Tuesday. “A number of major companies in the industry today are simply not viable,” Bristow said at the Mines and Money conference in London.
Sharps Pixley: 2016 Outlook for Gold and Industrial Metals
At the recent Mines & Money Conference in London, which brought together a remarkable array of excellent speakers, several expert, and highly regarded, presenters took the view that the Fed would be damned if it does raise rates this month but be damned if it doesn’t.
Bloomberg: Mining Slump Overthrows Decade of Investment Wisdom on Dividends
“Some companies have the ability to be able to continue to pay and I think that they should,” Evy Hambro, who manages Blackrock Inc.’s $3.5 billion World Mining Fund, said at a conference in London last week.
Mines and Money London returns in 2016 on November 28 – December 1. Enquire about participation here.
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