Global Mining and Steel

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Credit woes hit new mine projects, others survive

LONDON (Reuters) - The mining sector -- with strong earnings, low debt and buoyant underlying metals prices -- has been less hurt by the global credit crisis than others, but the funding tap has virtually closed for unknown firms with new projects, executives said this week.

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Barrick CEO: no hedging in next 3 to 5 yrs

NEW YORK (Reuters) - Barrick Gold Corp , the world's top producer, will not consider hedging its production against any downside of gold prices, its chief executive said this week.

Newmont sees margins up, no writedown

NEW YORK (Reuters) - Newmont Mining Corp , the world's second biggest gold producer, said on Wednesday it expects margin expansion as a result of a higher gold price and its own cost-cutting measures.

Mining firms innovate to cope with shortages

LONDON (Reuters) - Global mining firms are unearthing ingenious solutions to grapple with shortages of workers and equipment amid the commodities boom, recruiting retired miners and buying cut-rate equipment from China and Russia, executives said this week.

UBS sees metals, mining M&A but IPOs stall

LONDON (Reuters) - The outlook for mergers and acquisitions in the metals and mining industry is strong as emerging market players bulk up and competition for the earth's dwindling resources intensifies, a top sector banker said on Wednesday.

Major Drilling says scarce labor poses hurdle

NEW YORK (Reuters) - The scarcity of trained labor, not machinery or capital constraints, is the main hurdle facing the mining industry, said the head of Major Drilling Group , one of the world's largest mine drilling companies.

Peter Hambro eyes Russian greenfield sites

LONDON (Reuters) - Russia-focused gold miner Peter Hambro Mining plans to stick to acquiring greenfield sites rather than buying gold producers, and is not considering expanding into China for now, its head said on Wednesday.

At U.S. gold capital, workers needed amid boom

GOLDSTRIKE MINE, Nevada (Reuters) - Kelly Branstrom has worked underground for a dozen years in the most productive gold mine in U.S. history, Barrick Gold Corp's Goldstrike, yet never seen the ore.

Miners expect higher gold as supply falls

NEW YORK (Reuters) - The price of gold will rise further because of supply constraints and strong buying on the back of a struggling dollar and inflation fears, the world's biggest gold producers told the Reuters Global Mining Summit.

Barrick skeptical on Pascua-Lama project

NEW YORK (Reuters) - Barrick Gold Corp is not convinced there will be a resolution soon of tax and permit issues delaying its proposed $2.4 billion Pascua-Lama mine in Argentina, its chief executive said on Wednesday.

Ferrexpo eyes regional consolidation

LONDON (Reuters) - Ukrainian iron ore producer Ferrexpo Plc is keen to buy regional peers, but such companies must first boost transparency to Western standards, Ferrexpo said on Wednesday.

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Islamic Banking and Finance Feb 15 - 18 Country Summits
Travel and Leisure Feb 22 - 24 Hotels/Casinos
Private Equity and Hedge Funds Mar 1 - 3 Financial Services/Exchanges
Global Mining and Steel Mar 8 - 10 Mining
Food and Agriculture Mar 15 - 18 Mining
Canadian Oil Sands Mar 22 - 23 Energy
Funds Mar 23 - 24 Financial Services/Exchanges
Global Exchanges and Trading Mar 29 - 31 Financial Services / Exchanges
Financial Regulation Apr 26 - 29 Financial Services / Exchanges
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