Severe disruption to platinum group metal mining is expected to reduce supplies from South Africa by over 600, 000 oz.
Mining firms are expected to produce almost 2, 900 tonnes of gold this year, up from 2, 400 tonnes in 2008.
Between March 3 and March 6, over 30, 000 people are expected to attend the mining convention that brings a mix of investors, analysts, mining executives, geologists, prospectors and international government delegations from around the world.
Over 600 participants related to the mining, energy and forestry sectors are expected to attend.
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Of this, 74% is expected to be contributed by mining activities and 26% by oil and gas.
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Tony Friday, chief executive of the Pilbara Regional Council, says some mining companies contribute "beyond what is reasonably expected" to host communities in the region.
In recent weeks there have been rumors that other global central banks are considering major commitments to gold and gold mining shares as a way of protecting against expected weakness in the dollar.
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The new government is expected to introduce a windfall tax on mining profits.
Now that Xstrata and Glencore have unveiled their widely expected plan to merge and form a mining-and-commodities behemoth, the hard work begins: Selling the deal to shareholders and regulators.
This year, growth is expected to come from manufacturing, financial services, and mining.
Mining firms, airlines, steel makers and energy firms are among those expected to be hardest hit.
Commodities trader Glencore and mining outfit Xstrata are engaged in merger talks, with a formal deal expected to be hammered out as early as next week.
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Behind the decline is a rush by property developers to build apartments for thousands of skilled migrants expected to seek work in the Pacific nation's booming mining industry.
There is also an exploration unit engaged in tie-ups with other mining companies to prospect for gold, diamond and coal (its main tin reserves at Bangka are expected to last only another decade).
And, as mining business constitutes nearly 42% of the total value of Caterpillar, the slowdown in the industry is expected to impact the company significantly in the short-term.
Gold mining stocks have been steadily increasing dividends (effectively doubling their yield over the past twelve months) and are expected to make record payouts this year.
Shares in mining company Freeport-McMoRan headed up Wednesday after the company beat expectations for profit with greater production than it expected of its mined copper, gold and molybdenum in the first quarter.
Newmont Mining, for instance, established a novel dividend policy (linked to the price of gold), and is expected to increase their quarterly dividend by 25% this July as a result.
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