| BASE METALS |
| Base-metals producers expected to focus on cost control, productivity |
| Ratings agency Fitch Ratings on Monday said it expected base-metals producers to focus on cost control and productivity, rather than volume growth or expansion over the next 12 to 18 months, as demand growth slowed. In a new report published on Monday, that detailed the firm's expectations for the copper, aluminium, nickel and zinc markets and profitability for producers thereof, Fitch said China's demand continued to dominate the market, and efforts to curb property speculation and inflation had resulted in slowing industrial production and metals demand. Full Article |
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| PEOPLE |
| SouthGobi confirms president and CEO appointment |
| TSX-listed SouthGobi Resources on Monday said the board had confirmed its nomination to appoint Ross Tromans as the company's new president and CEO with immediate effect. The company's deputy chairperson Sean Hinton would manage the transition over the next number of weeks. Full Article |
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| DIAMONDS |
| Rockwell Diamonds revenue up q-on-q |
| TSX- and JSE-listed Rockwell Diamonds on Monday reported second-quarter revenue of $6.8-million, which was less than a year earlier, but an improvement on its first-quarter revenue. The diamond company earned revenues of $7-million in the second quarter of the 2012 financial year and $5.9-million in the first quarter of the 2013 financial year, said CEO James Campbell. Full Article |
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| RAIL TRANSPORT |
| Northland granted rail capacity for Swedish iron-ore project |
| The Swedish Transport Administration (STA) had granted TSX-listed Northland Resources, building an iron-ore mine in Sweden, four train slots a day on the Malmbanan railway. This would allow the company to transport its high-quality magnetite iron concentrate mined at the Kaunisvaara project in the north of the country, from the transloading facility in Pitkajarvi to the deep water Port of Narvik. Full Article |
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| COPPER |
| Copper Mountain lowers guidance, says mill performance improves |
| British Columbia-focused miner Copper Mountain Mining reduced its full-year production guidance by 29% to 60-million pounds of copper, owing to a planned mill maintenance shutdown in August. The mine, which started production during mid-2011, on Monday said it now expected to produce about 69-million pounds of copper for the year. The company said its mine plan was under review by the mine's engineering team to optimise the mining sequence to increase copper production. Full Article |
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| PROJECT DEVELOPMENT |
| Explorer Goldgroup defers EIA assessment for Mexico federal change |
| Vancouver-based gold explorer Goldgroup Mining had deferred evaluation of its environmental-impact assessment (EIA) for its Caballo Blanco mining project in the state of Veracruz, Mexico, owing to a change in federal government currently taking place. The company on Monday said it recognised the importance of working with the transitioning team and the new authorities to integrate their requirements for the development of the project. Full Article |
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| COAL |
| Forbes Coal Q2 sales, production up |
| TSX- and JSE-listed coal producer Forbes & Manhattan Coal on Monday reported a 21% quarter-on-quarter increase in sales from its Magdalena bituminous and Aviemore anthracite operations during the second quarter of its 2013 financial year. The coal producer sold 284 196 t of production, 231 802 t of which was bituminous and 52 394 t anthracite product, compared with the 234 997 t in total it sold during the first quarter. Full Article |
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| COMMODITY SLUMP |
| Big slump as demand worry replaces Fed euphoria |
| Commodity markets tumbled on Monday, as investors worried about the demand outlook for oil, metals and grains after weeks of rising prices built on optimism over economic stimulus in the US and Europe. With technical charts showing many commodity markets in or near overbought territory, weak regional US manufacturing data gave commodity traders another reason to sell markets that had hit multimonth highs. Full Article |
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| NEW REPORT AVAILABLE |
| Victoria bans CSG exploration, green light for A$6.4bn coal project and BHP delays big expansions in the Australian Roundup |
 | The inaugural Australasian Mining Roundup includes details of Australia's federal government approval of the development of the A$6.4-billion Alpha coal project, in Queensland; the Victoria region's ban on coal seam gas exploration and the delay of BHP Billiton's Olympic Dam and Peak Downs expansion projects. Full Article |
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