|
Volume
3, Issue 9| Sept/Oct 2008 | E-News
Archives
What's
in the the news?
WA miners could be targeted in credit crisis
(Source - Chalpat
Sonti, http://www.watoday.com.au, September 30, 2008)
WA
mining hopefuls could face being taken over by "predatory"
Asian investors as the global credit crisis continues to bite.
Prices for the commodities that have helped the state's
present economic boom have plunged in the wake of the US House
of Representatives voting down a US$700 billion bailout plan
of that country's financial system.
DJ Carmichael research head Paul Adams has warned that unlike
previous downturns, there was now "nowhere to run" for junior
mining companies who could not access capital to expand.
There was an "emerging disconnect" between project values
and the companies' share price "and this makes it a very dangerous
time for small Australian explorers with reasonable assets
but thin balance sheets", he said.
The companies now faced becoming easy targets for Asian sovereign
wealth funds and other aggressive funds.
"The warning signs are already there," Mr Adams said.
"Recent rights issues by these juniors have been poorly taken
up, there is growing risk aversion to any explorer in an area
of geopolitical uncertainty, and funding activities for project
development are being delayed if not curtailed altogether."
There was unlikely to be any "quick resolution" to the credit
crisis, with the average bear market lasting about 30 months,
Mr Adams said.
Premier Colin Barnett also said he believed smaller miners
would be most affected in WA by the crisis, and there could
be greater Chinese investment in those companies.
"We need Chinese investment in Western Australia and it should
be welcomed. Any foreign investor who takes a majority stake
in a small mining project, I don't think that's a great concern,"
he said.
"I think people will see it as a concern if they take control
of BHP (Billiton) or Rio Tinto."
Mr Barnett said the Japanese had played by the "rules of the
game" when they invested in WA in the 1960s and 1970s, taking
small "quality" stakes in mining companies. Chinese state-owned
companies pursuing WA miners were "slightly different scenarios".
The comments by Mr Adams and Mr Barnett follow those by the
head of China's leading steel company that suggest demand
from that country for iron ore, the mainstay of WA's minerals
boom, could be fading.
Baosteel chairman Xu Lejiang said the Chinese steel industry
was "certainly heading for a downward slide". The spot price
for Indian iron ore has fallen to that of Australian ore on
long-term contracts.
But this sentiment was contradicted by Fortescue Metals Group
executive director Graeme Rowley, who said China's steel industry
would rebound next year as a feverish pace of construction
returned.
``All the evidence that we have seen is that China can isolate
itself from the damaging economic destruction that is happening
in the US,'' Mr Rowley said.
``We have had some pretty good advice last week from some
people in China who were very confident about its ability
to withstand the financial crisis.
``Clearly it has such an enormous population, and is so focused
on its own urbanisation and growth and development of general
living standards, that they are prepared to continue to finance
(industry or projects). Of course, there will be a slowdown
as a result of lower demand (for China's exports) from the
US. But when growth drops from 11 per cent to eight per cent,
it is still a very strong growth position.''
Mr Barnett said there was no doubt commodity prices had peaked,
but he still expected Chinese growth to remain strong.
Meanwhile, the Australian Chamber of Commerce and Industry
said the country needed to respond to the crisis in a "level-headed
manner".
"The stability of our economic institutions helped Australia
weather the Asian financialcrisis in the late 1990s," chief
executive Peter Anderson said.
"Those sound underpinnings exist today."
Over-reacting to the events on Wall Street would weaken Australia's
economic institutions, Mr Anderson said.
Instead, the government needed to pursue "prudent economic
management" such as budget surpluses, fighting inflation and
investing in infrastructure.
Will
Commodities Recover From The Credit Crisis?
(Source - By: Clif Droke, Gold Strategies Review)
"Money is the lifeblood of the economy." This famous saying
is easy enough to remember, yet how much easier is it to forget
it when asset prices are pushed to unreasonable extremities.
Consumers and investors alike are now being reminded of the
veracity of this statement in a big way as the money panic
rages on.
The
term "credit crisis" can actually be broken down into two
separate yet related categories. On the one hand the credit
problem is a crisis in confidence. Confidence, after all,
is the baseline requirement of any banking system. This is
especially true for one as vast and reticular as the U.S.
financial system. When confidence is lacking among participants
in any credit-based financial system, money will become scarce
and if the fear continues long enough, the wheels of commerce
will grind to a halt.
The credit crisis can also be interchangeable with the term
"money scarcity." At heart, a credit crisis is a lack of sufficient
liquidity to meet the current demands of the banking system.
Liquidity can become scarce either from lack of money itself
or because those who have the money refuse to let go of it.
The latter is a symptom of extreme fear, which answers to
the crisis of confidence we talked about. The credit crisis
raging in the U.S. and sweeping its way across other countries
is a combination of both, but it's mostly a confidence crisis.
Earlier this year the commodities market was booming in spite
the credit crisis. To some extent the credit crisis was feeding
the commodities rally as hot money from hedge funds and retail
investors alike were seeking maximum profits with minimal
risk. Commodities were still benefiting from strong upward
momentum and so they became the logical choice for money managers
seeking to avoid stock market risk. Gold and silver especially
benefited from this combination of momentum chasing and safe
haven-seeking mentality. The price of gold briefly touched
the psychological $1,000/oz. in March amid much cheering and
wildly bullish sentiment. Meanwhile the price of crude oil
was roaring ahead to prices deemed unthinkable just a few
years earlier.
Unfortunately, most investors in these markets seemed to forget
the old saying that "money is the lifeblood of the economy."
That truism applies as much to commodities as it does to stocks
or anything else of economic value. When the money contraction
that is part and parcel of the credit crisis eventually took
its toll in the commodities sector, the "hot money crowd"
quickly pulled its money out of commodities and those lofty
prices were quickly reversed. The oil price fell from nearly
$150/barrel in July to a low of $90 in September.
That
oil could lose nearly 40% of its value in just two short months
is a testament to the severity of the raging money panic.
It's also a testimony to the influence of the hedge funds
and pension funds, whose large presence and tendency to chase
momentum was responsible for much of the run-up in the oil
price. A few months ago the oil bulls were spinning tales
of oil supply crunches and heavy Chinese demand for oil. The
rapid retreat in the oil price was clear testimony to the
power of the speculative impulse over and above market fundamentals.
Now that the crisis in confidence has taken a hefty toll on
commodities, many erstwhile commodity bulls are now staring
in the face of huge losses. The corresponding impact on investor
psychology is also enormous. Instead of wild optimism, investors
are mostly depressed and wonder if prices will even begin
to recover anytime soon. Investor sentiment has run from opposite
extremes of the cycle in just a few short weeks and everyone
seems to be "feeling it" at the bottom.
It
isn't just commodity investors who are feeling the effects
of the credit crisis. Commodity producers are feeling it,
too. To get some insight into how the crisis is effecting
natural resource companies, I've been conducting a series
of interviews with the heads of various mining ventures, including
gold, silver and uranium mining and exploration firms. As
you might guess, some companies are doing better than others,
yet most are struggling in various ways. The biggest challenge
facing most of these companies is getting retail investors
interested in the mining sector in the current investment
climate.
Colin
Sutherland is the president and CEO of Nayarit Gold Inc.,
a Canadian gold and silver exploration company headquartered
in Nova Scotia. The company controls over 102,000 hectares
of mining concessions, known as the Orion Project, in the
State of Nayarit, Mexico. Nayarit is doing better than most
junior mining companies right now, in large part due to the
talent of Mr. Sutherland and his fellow managers. As a testament
to his managerial acumen, he was recently featured on the
Fox Business Hour television program. For Fox to feature a
junior mining executive is rare indeed.
Sutherland
was also able through his talents to secure an impressive
level of financing from a major Canadian bank recently. His
company is still looking for its "breakout" opportunity to
capture the imagination of the natural resource investment
world.
Mr.
Sutherland is an incurable optimist when it comes to the commodities
investment cycle. I asked Mr. Sutherland where he sees the
price of gold in the months ahead. Here's what he told me:
"I see a recovery. Being in the business these last few years
I know how difficult it is to develop deposits. But with what's
happening right now in the resource sector the supply curve
will be magnified at some point. Gold's going to continue
to go up when you look at the fundamentals. After the election
we may be in a position of [gold] approaching $1,200 maybe
$1,600. We'll see an exuberance develop in the next 6-9 months
where [gold] approaches $2,000 because of the economic challenges
out there. But when it smoothes out, new deposits will be
more difficult to find. Purely economically speaking the gold
price should stabilize between $900-$1,000."
Some would no doubt question the optimistic forecast of Mr.
Sutherland, especially in the face of current monetary conditions.
Yet others would agree with his outlook, at least in spirit.
Jim
Williams is the CEO of Arian Silver, a London-based silver,
gold and copper mining firm operating in Mexico. I asked Mr.
Williams last week to compare the current crisis to former
periods of difficulty he's been through in his long career
in the mining industry. Here's what he shared with me:
"I've
gone through three recessions in my career. The first was
Black Wednesday in 1987. I was mining in Sudan back then.
The second one was the Bre-X scandal in 1997, which instigated
the Toronto Stock Exchange to tighten up, hence [more regulation].
This latest crisis is global and the banking sector has been
massively hit. It's been a domino effect. Raising money right
now for mining firms is quite difficult. Anyone who could
raise money right now I'd take my hat off to them. We've only
done non-brokered placings so far. Previously, I raised $3
million in 10-15 minutes on a handshake in London. I raised
$3 million in May this year and it took me 5 weeks with a
multitude of different clients. We're raising money with $1.65
million pledged from trustworthy people but I'm fairly upbeat.
But it is very difficult. No one knows what's going to happening
tomorrow. The U.S. dollar isn't just in the U.S., it's a tradable
currency. China holds trillions in U.S. bond and they cannot
just sell them or it will trash the dollar. They have to find
a conclusion to this."
Mr. Williams notes that in spite of the often positive results
that have released onto the market news wires lately, it has
mostly fallen on deaf ears. Investors aren't too interested
in strong fundamentals or positive results in this economic
environment, a fact that isn't lost on most of the executives
I've spoken to lately. As Mr. Williams observes, were it not
for the credit crisis, the market would likely react with
joy at the news many juniors mines are releasing. This answers
to the old Wall Street assertion that how the market reacts
to news is often as important as the news itself. More to
the point, investors can sometimes lose sight of true underlying
values when fear reigns supreme. But when the fear is lifted,
the market eventually recognizes the value and rewards those
companies who showed the best results during the crisis.
The market malaise in the natural resource sector will lift,
and when it many of the mining firms that have been ignored
by investors during the crisis period will be rewarded for
their patient endurance through the hard times.
For every crisis, there is an opportunity. This fact isn't
lost on foreign investors as the headline of a recent Financial
Times article states: "SWFs invest $20bn in commodities."
The article points out that sovereign wealth funds have invested
almost $20 billion in commodity futures, confirming for the
first time the presence of state-owned vehicles in the commodities
market.
Then there's the hedge fund factor. According to the FT, hedge
funds have lately spurned sophistication for perceived safety
and have moved $100 billion into low-yielding money market
funds. According to the FT article, Citigroup estimates that
hedge funds have now placed $600 billion in cash, with $100
billion of this held in money market funds.
But as the FT points out, "Last week, those money funds became
embroiled in the wider financial crisis to the point that
the US Treasury was forced to offer a blanket guarantee on
them as part of its attempts to prevent the spillover of the
financial crisis into the $3,400bn sector." If nothing else,
observes the FT, the presence of "hedge fund investment in
money market funds shows how scarce attractive investment
opportunities and safe havens have become."
On this score, we can be assured that hedge funds are watching
the natural resource sector like a hawk and are waiting the
first sign of recovery before returning and running up asset
prices once again. The internal momentum indicators we look
at daily will tell us when the moment has arrived before it
becomes widely apparent to the investment world at large.
One of the root problems associated with the current malaise
is the service-based nature of the U.S. economy. The very
notion that a service sector economy can remain prosperous
over time is being called into question, especially in light
of growing global trade imbalances.
Robert
Dultz is the chairman and CEO of USCorp, an up-and-coming
junior mining company engaged in the exploration of gold in
Arizona. When I spoke to him recently, he shared his thoughts
on one of the key economic problems confronting the U.S.
Says
Dultz, "To us, mining is like manufacturing ¨C it brings
wealth to a country. When you make something, that's wealth.
If you take oil, timber, gas, iron, coal, silver, copper -
all of that is real wealth. A country needs real wealth, they
can't make it in services. A service economy is a servant
economy, in my opinion. I believe what [mining firms] are
doing here is of service to the economy at large and not just
to the shareholders."
Arian's
Mr. Williams goes on to address a top concern right now among
natural resource investors. He notes that several investment
firms in London have a mandate not to do any buying in the
foreseeable future in order to recover some of their losses.
This reactionary approach to the crisis isn't surprising,
though it's hardly logical. Williams observes, "They have
to redeem some of their funds by their clients. Clients will
want to bail out if they're not making any money. The general
consensus is that a week from now [the market] will be worse
than now. It's doom and gloom out there."
Yet
Williams takes the contrarian approach to investing at the
bottom of the panic. "Why sell out now if you can afford to
sit out the uncertainty in the times ahead, the stock will
go back up eventually. If a $1 stock goes down 70%, why sell
now? Gold has been so high ¨C unnaturally high ¨C
and yet metal prices have been down for so long. All of a
sudden the metals are increasing in price again. It will take
a bit of a knock-on effect to get the juniors to move in accordance
with those price increases, but it will happen. The more people
get disillusioned with the dollar, the more they will turn
to the [resource sector]."
Clif
Droke is the editor of the Junior Mining Stock Report., providing
forecasts and analysis of the leading gold, silver, uranium
and energy stocks from a short- and intermediate-term technical
standpoint. He is also the author of numerous books, including
"How to Read Chart Patterns for Greater Profits." For more
information visit www.clifdroke.com
Do
you have a comment on these articles? Email it to info@cimg.org.cn
The
CIMG Secretariat emails daily a list of news headlines to
its members. To make sure you get your copy send an email
to Ivy at info@cimg.org.cn.
Please
remember to read the CIMG Update - Projects
and Member Updates section to make sure you are
abreast of the CIMG's upcoming projects, events and member
news.
News
from the last CIMG gathering
At this meeting we were fortunate to have,
Kobus van der Wath, from The Beijing Axis speaking on Chinese
companies going abroad; "CHINA INC. GOES GLOBAL - The
Context, Drivers, Challenges and Future Trends for Chinese
Mining Companies that are Investing Abroad".
His talked focussed on how China is now one of the most powerful
and active outward investors. In his presentation he noted
how Chinese s firms and institutions are continuously scouting
around the world for opportunities to deploy strategic capital.
The part of his presentation explored the overall process
of 'China going global' and specifically its international
mining investment in places such as Africa and Australia.
Afterwards he looked more deeply into the drivers and enablers
of China's outward investment in global mining. He noted the
focus on 4 key areas: the strategic imperative that arises
from China's underlying resource needs; China's economic means
to invest abroad; the platforms that China Inc leverages in
doing its global expansion; and the challenges that Chinese
firms face in pursuit of their global objectives. Finally,
he highlighted scenario's and trends of how the future could
unfold as China becomes even more assertive and active in
the African, Australian and general global mining landscape.
About
the speaker:
Kobus is the Founder and Group Managing Director of THE BEIJING
AXIS, a company that serves as a cross-border business bridge
to/from China. THE BEIJING AXIS (www.thebeijingaxis.com) provides
services in the areas of Strategy (Strategy Formulation and
Implementation); Sourcing (China Sourcing Unit and Supply
Chain Solutions); and Investment (Corporate Finance Origination
and Financial Advisory). Services are offered to global multinationals
with a 'China agenda'; and to Chinese multinational firms
with a 'go-global agenda'. The firm is a leader in China-Africa
and China-Russia investment and trade facilitation, having
worked on a number of high profile projects in this sphere.
The firm established the China Sourcing Unit (CSU) that provides
a range of professional cross-border sourcing solutions to
a growing list of top Chinese and international companies.
It also founded the China Sourcing blog (www.chinasourcingblog.org).
Kobus is based in Beijing where he has been elected as Business
Director of the South Africa China Business Association (SACBA,
www.sacba.com.cn). He is also a Founding Board Member and
currently Vice President of the Asia Pacific South Africa
Chamber of Commerce (APSACC, www.apsacc.org). Kobus is a member
of the China International Mining Group, and the Capital Club
in Beijing.
For
more information on the presentation please contact Kobus
by email at: kobus@thebeijingaxis.com
If you have any questions regarding this meeting please
do not hesitate to email
Mary Yu at the CIMG Secretariat
CIMG
Member Update - Projects and Member Updates
CIMG
Member and Project
Update- Seeking your input and involvement
CIMG
events around China Mining
7th November: CEO Mine Safety
Workshop: 7 November
Venue: Crowne Plaza Beijing Wuzhou Hotel
Following on from last year's very successful workshop
will be another mind opening session on the true costs of
mine safety in China. More details on this event to come soon.
10th
November: "State
to State: Mining in the Provinces"
Venue:
Crowne Plaza Beijing Wuzhou Hotel
The CIMG Secretariat
will be holding is pre China Mining event "State to State:
Mining in the Provinces" on November 10. This is an afternoon
event (beginning at 2.00pm and finishing at 5:00pm) at the
Crowne Plaza Hotel Beijing Wuzhou (next to the China Mining
Congress Venue). The purpose of the "State to State:
Mining in the Provinces" event is to enhance understanding
of mining in other jurisdictions and how recent global economic
as well as regulatory developments affect this process. The
event will appeal to international miners in China as well
Chinese miners operating abroad. It will also be a forum for
sharing information and experiences, networking and discussing
trends and exploring ways to move forward in an industry that
is very local as it is global. Attending on the various panel
sessions will be government officials, industry and academics.
We
do hope that you will be interested to attend this event.
We expect the dialogue to be interesting and informative.Please
note that attendance is strictly limited.Attendance
to this event is free for CIMG/CNIA members and Speakers and
their guests members and 200RMB for non-members.
To
RSVP and for more information on, please contact:
LU IVY
info@cimg.org.cn, Tel. + 86 10 8522 6205; + 86 133 8106
3248
10th
November: "Mining
CEO Industry Networking Cocktail 2008"
Hosted by the CIMG and China Mining
Venue: Beijing International Convention Centre
A
special thanks to our sponsors for this event:
 
As part of
the international mining community, the China International
Mining Group (CIMG) and China Mining invite you to attend
this annual event, the "CEO's China Mining Industry Networking
Cocktail 2008". Come along to show your support for China's
mining Industry and mark your dairies for this well attended
networking event.
This
event will bring together industry players, officials and
delegations. Previous years have seen over 300 senior delegates
attend.
This
will be an early evening event starting from 5.00pm and finishing
at 7.00pm. This event will be one not to miss at China Mining.
Participation
is open to all attendees of China Mining, delegations attending
China Mining and CIMG members. We do hope that you will be
able to attend and look forward to your RSVP.
To
RSVP and for more information on, please contact:
LU IVY info@cimg.org.cn,
Tel. + 86 10 8522 6205; + 86 133 8106 3248
11-13th
November: "State to State: Mining in the Provinces"
Venue: Crowne Plaza Beijing Wuzhou Hotel (each morning
prior to the start of China Mining Congress)
All delegates and CIMG members are invited to attend these
informative morning sessions that will provide an insight
into operating a mine or exploring in China. These sessions
will be held before the start of China Mining each morning.
After
breakfast, come along, grab a coffee and question, debate
as well as hear the experiences from China mining practitioners.
Topics will include recent developments in Chinese mineral
regulation, upcoming trends and topical issues relevant to
those operating or wishing to operate in the China market.
These
sessions will be of high value to those who wish to harness
value from China¡¯s mining sector. These sessions
are for everyone to share experiences/perspectives and on
hand will be highly seasoned professionals from the CIMG membership.
Speakers
include:
Tuesday 11 November - 8:00am to 8:45/9:00am
Dean O'Keefe CEO, Micromine
Topic:"Key trends for Resource Estimation in China"
China is rapidly developing its mining sector especially
in regards to standards related to resource estimation.
What can foreign miners and explorers expect? What are the
trends and challenges in the coming years?
Robert
van Doorn, Chairman and CEO, Munduro Capital
Topic: "Community Development as the driver for the
development of China's mining sector"
Community is fast becoming the foundation to a healthy and
sustainable mining sector and also has many beneficial impacts
on the economy. This has been demonstrated in many other
countries. Learn about some of the key issues facing miners
today in China.
Wednesday
12 November - 8:00am to 8:45/9:00am
Paul
Pittman Practice Director for the Americas, The Swann Group
Topic: "HR the missing link for China"
Look at how talent management, talent pipelines
and retention can make a difference to your operation.
Paul
McKenzie, Partner, Morrison and Foerster
Topic: "An overview of regulatory and related issues
affecting mining and exploration activities in China"
This session will provide insight into recent developments
in Chinese mineral regulation and provide a snapshot of
the issues pertaining to exploration in China's mining sector.
Thursday
13 November - 8:00am to 8:45/9:00am
Peter
Smith Principal Consultant (Environmental), SRK China: "The
changing face of environmental protection in China"
Environment Protection trends in China are showing
this to be a key area of concern for China policy makers
and enterprises. Learn more on what the trends are and these
are impacting the industry.
Jean
Li Partner Tax, KPMG Beijing
Topic: Taxation for Miners in China
This session will provide insight into recent developments
in Chinese taxation regulation and provide a snapshot of
how this applies to international miners and explorers in
China.
We
look forward to your attendance. Please remember to email
your RSVP soon.
Attendance
is free and space in strictly limited. Please note these events
are not open to the media. For more information and to register,
please contact:
LU IVY info@cimg.org.cn
, Tel. + 86 10 8522 6205
14th
November: "State to State: Mining in the Provinces"
Venue: Chinese Academy of Sciences
On November 14 the CIMG, ICMM and Chinese Academy of Science
(CAS) will be hosting an Environment Roundtable at CAS with
industry leaders and government officials. The roundtable
will focus on managing impacts from mining on the environment
and to seek possibilities and solutions as well as share best
practice. We are happy to announce that ICMM¡¯s
Chief Operating Officer John Groom will present at this event.
More details and program to come soon.
Attendance
is free for CIMG, ICMM and CAS members and space in strictly
limited.
For more information and to register, please contact: IVY
MA: LU IVY info@cimg.org.cn
, Tel. + 86 10 8522 6205
China
Mining 2008 - Congress
Information:
CHINA
MINING Congress & Expo 2008 will be held at Beijing International
Convention Center on November 11-13, 2008.
CHINA MINING Congress is hosted by the Ministry of Land &
Resources, China and supported by domestic & international
governments, associations as well as organizations including
the World Bank Group, China Mining Association, Australian
Embassy and Canadian Embassy. As one of the world's top four
mining events and the biggest Asian platform for mining exploration
and exploitation, the event provides an important channel
for communication and exchanging information among global
mining enterprises, while building relationships.
After a very successful event last year, CHINA MINING Congress
& Expo is now approaching its 10th anniversary. More than
3000 registered delegates, 300 exhibitors and 30 sponsors
from 45 countries and regions participated in last year's
CHINA MINING Congress & Expo.
With a larger exhibition space and more conference streams
we are expecting even more attendees of the world wide mining
community to celebrate the 10th anniversary of CHINA MINING
Congress & Expo in this year.
Contact: Tel: +86 10 5822 1789 Fax: +86 10 5822 1797 Email:
info@mining-expo.com
Contact: Alan Feng on +86 10 5822 1789 or info@mining-expo.com
China
Mining 2008 - CHINA MINING Awards Nomination
CHINA
MINING Awards are being presented in five different categories.
They recognize and promote innovation and co-operation achievements
in China. Focusing on exceptional success stories in exploration,
mining, technical innovation and sustainable behavior, they
reward industry leaders for forward looking business strategies.
The CHINA MINING Awards focus on joint ventures that are leading
the way in China's mining industry.
CHINA
MIING Awards will be presented in the following categories:
Prospector/Explorer of the Year Award
The recipient will be a company or person who discovered
a significant mineral deposit in a new or previously exploited
area.
Mine Development Award
For a company (foreign or domestic) that has successfully
completed a feasibility study and is preparing to go into
production.
Mining Environmental Protection Award
This award will be given to a project in China which has demonstrated
outstanding initiative, leadership, innovation and accomplishment
in protecting and preserving the environment in the interests
of sustainable development while exploring or operating a
mine
Technological Innovation Award
The recipient will be a domestic company that has executed
the most successful facility expansion or new technology adoption
in the past 12 months.
Governmental Support Award
The award will be given to the Department of Land & Resources,
which provides the best support for foreign companies in that
province.
You are invited to participate in CHINA MINING Awards by nominating
a company for an Award in one of the five categories. Please
contact us at conference@mining-expo.com
Deadline for nomination is September 15th, 2008.
UBC:
The NBK Institute of Mining Engineering at UBC - Internship
opportunities
"UBC: The NBK
Institute of Mining Engineering" at UBC in Vancouver is pleased
to announce a new internship opportunity for international
applicants to its innovative Master of Engineering Program.
Four qualified international applicants will be offered an
eight-month internship with Wardrop Engineering of Canada.
Successful applicants will begin the Mining Engineering MEng
program in August, undertake nine months of intensive study,
and then work at one of four Wardrop Engineering offices across
Canada. Interns will work as part of a team developing mining
projects. Internship salaries will range from $3000 to $5000/month
and interns will be considered for fulltime employment in
Wardrop's Beijing office, or in Canada. Applicants must have
an applicable undergraduate engineering degree, good marks
and strong English abilities. For more information, please
contact AJ Gunson at ajgunson@interchange.ubc.ca,
or visit our website at http://www.mining.ubc.ca/MEng.html.
CIMG
Speakers for Monthly Meetings
The
CIMG Secetariat is seeking speakers to speak at the monthly
meeting. If your company would like to make a presentation
and a chance to share information and promote the international
mining community please contact Auslan at auslan@cimg.org.cn.
CIMG
and Chinese Media - CIMG Member Submissions Wanted
The CIMG is
now contributing to a number of publications. The Secretariat
is seeking content related to Environment, Community, Safety
and Technology. Articles should be case studies, in Chinese
and 2 pages long. This is a unique chance to share information
and promote the international mining community in China. If
you are interested in submitting an article, please send your
article as a word document to auslan@cimg.org.cn.
CIMG
News Links
Members are being emailed news
links each day from the CIMG Secretariat. In an effort to
keep members informed of the latest developments in the mining
sector in China you will recieve on a regular basis an excel
file with links of mining news in China. Please note this
is a CIMG member only service and will provide only links
to the news with a short headline translation. There will
be no commentary or analysis of the news. If you have news
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Regulatory
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CIMG
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