Pay attention to this week's production guidance and updates on companies' mine development.
The coal industry is a good example of how managements get carried away in the up cycle, committing serious money to new mine development and buying sizable coal operators at premium prices, further leveraging their capital structure.
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The answer to that question will only come from future exploration results from Nova, the maiden resource estimate, mine-development plans due to be released later in the year, and the all-important price of nickel.
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The acquisition of the Ekati Mine, and its operating team, is expected to close next week giving us operational control of both a producing mine and development opportunities in the large scale resources on the Ekati property.
But Ecuador's President Rafael Correa says the mine will fund development and has rallied crowds of supporters.
He has also told us he plans to follow the model he used for the development of the Grasberg Mine at Freeport Copper and Gold (FCX) years ago.
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Lang also said that the company will be focusing on its Kumtor mine as well as a few other development projects.
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Minera Andes had a cash flow from a 49% passive ownership in the San Jose Mine in Argentina, while US Gold had a development pipeline of projects.
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In September, Agnico-Eagle approved the development and construction of the La India mine project in Sonora, Mexico, with commercial production expected in the second half of 2014, with a mine life of eight years forecast.
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He said Scottish Coal had been operating at an opencast mine in the area for 14 years and this latest development would see it continue for another eight years at least.
Hillalong, some of the existing development projects of Rio Tinto are at the Kestral Mine and the Mt Pleasant.
In the meantime, the company redeployed its project development team to Leach Pad 3 construction at Dolores mine, as well as an evaluation of potential expansion opportunities at the La Colorada and Dolores mines.
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Construction and development of Serra Pelada has gone on for about a year and the mine is on schedule for production in mid-2013.
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The company also said it plans to offset the mine-job cuts by creating the same number of jobs focused on housing and small business development in areas, including Rustenburg.
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The delegation included experts on labor rights and economic development, rule of law and political reform, ethnic conflict and reconciliation, land-mine removal, and criminal justice.
The Monywa mine has now become a national cause, encompassing issues that will be central to Burma's post-military development - land rights, environmental protection, freedom to protest, and balancing the interests of big investors with those of ordinary Burmese citizens.
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