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The introduction of Statutory Instrument No.32 is not meant to "kill" the mining sector or is it a form of exchange controls but is aimed at ensuring that the proceeds from the mineral resources benefits the Zambian people said VICE President Guy Scott.

Government would continue to create an enabling environment for investors in the mining and energy industries saying the sectors were key in national economic development, Dr Scott said. He further said that investors should also ensure they ploughed back to the communities they operated in through job creation and other corporate social responsibility activities. "Government was not elected by the people of Zambia to extract 750,000 tonnes of copper a year but to see to it that the minerals are beneficial to the people of Zambia. If it was important, we would not allow for the extraction of minerals but we allowed it because the minerals are supposed to provide jobs, taxation and other multiplier benefits," Dr Scott said. He said the mining industry should support local industries by buying locally produced equipment unlike the current trend where all equipment's was imported. "We want locally value-added content in the inputs used by the mines. We want local industries to process steel boards and other equipment used by the mines, that way more jobs will be generated from the mining industries. "It does not make sense again for local enterprises to import equipment and supply it to the mines but it is better to have foreign firms that are established in the country and are engaging local people to produce the equipment," he said. The conferences which was held two days aimed at creating a platform for stakeholders in the energy and mining sectors to engage on issues that would enhance the mining and energy sectors. Over 300 delegates and mining giants including Mopani copper mines Rio Tinto, First Quantum Minerals, among others was attracted by the conference organized by AME Trade in partnership with Association of Zambian Mineral Exploration Companies. The mine would continue to invest in Zambia, with the mining firm investing over US$2billion to date, Mopani Copper mines chief executive officer Danny Callow said. "Mopani will remain a com

There were other concerns, she said. On four occasions this year, complaints about hazards were lodged, according to federal records. Those complaints resulted in a single citation. But Ms. Smith said the fact that miners had repeatedly raised concerns was unusual, especially at a relatively new operation. Gas leaks are not rare in underground mining; however they do not usually cause as mugh deaths as blasts or cave-ins. Bruce Dial, a former federal mine inspector, said it was possible that the minors had encountered carbon monoxide that had lingered for years from previous mining operations. Another possibility, Mr. Dial said, was that carbon monoxide released by the mine's own operations may have built up. http://blackhawk-mining.com/2013/11/26/cause-of-gas-leak-that-killed-2-colorado-miners-is-sought/

Investment Banks Moving To Neutral on Mining Stocks At least for a few investment banks like JP Morgan Cazenove and Citigroup, the negative tides for mining stocks appear to shifting towards the positive as they have changed their views from bearish to neutral. JP Morgan Cazenove is still taking a guarded position towards mining stocks but sees companies within the industry aggressively cutting costs which is one of the reasons why mining stocks rise. Citi analysts stay negative in their short-term outlook of the sector except furthermore observe some positivity in mining stocks in six months. "We believe that the large miners, such as Rio Tinto and BHP Billiton, are now reaching yield support as they are trading on higher yields than the market," Citi said. Eric Lemieux, mining analyst with Laurentian Bank Securities in Montreal, remains bullish on mining stocks, saying that the commodities super cycle has not ended and despite slowdowns in the economy, there is still strong metals consumption. The hit that commodity prices and miners have taken in 2013 may not necessarily be a bad thing, he said. "With this downturn, in the scope of things, I think it's positive for the industry because we did have a period of micro inflation where costs had gone up tremendously in terms of labor and engineering firms; it just overheated," Lemieux said. "This retreat and decline in commodity prices, although it hurts, there's some positives here in terms of cost settling down." JP Morgan mentioned a bottoming out in Chinese commodity import volumes and Chinese commodity inventories coming off recent highs as a possible catalyst for stronger metals demand. While it boils down to consumption and a need for commodities for Lemieux. "If you look at what's going on in Asia, even though there's been a slowdown in China, they're still consuming, they still have to modernize," Lemieux said. "I have a sense that things will eventually bounce back up. "I thin

At least for a few investment banks like JP Morgan Cazenove and Citigroup, the negative tides for mining stocks appear to shifting towards the positive as they have changed their views from bearish to neutral. JP Morgan Cazenove is still taking a guarded position towards mining stocks but sees companies within the industry aggressively cutting costs which is one of the reasons why mining stocks rise. Citi analysts stay negative in their short-term outlook of the sector except furthermore observe some positivity in mining stocks in six months. "We believe that the large miners, such as Rio Tinto and BHP Billiton, are now reaching yield support as they are trading on higher yields than the market," Citi said. Eric Lemieux, mining analyst with Laurentian Bank Securities in Montreal, remains bullish on mining stocks, saying that the commodities super cycle has not ended and despite slowdowns in the economy, there is still strong metals consumption. The hit that commodity prices and miners have taken in 2013 may not necessarily be a bad thing, he said. "With this downturn, in the scope of things, I think it's positive for the industry because we did have a period of micro inflation where costs had gone up tremendously in terms of labor and engineering firms; it just overheated," Lemieux said. "This retreat and decline in commodity prices, although it hurts, there's some positives here in terms of cost settling down." JP Morgan mentioned a bottoming out in Chinese commodity import volumes and Chinese commodity inventories coming off recent highs as a possible catalyst for stronger metals demand. While it boils down to consumption and a need for commodities for Lemieux. "If you look at what's going on in Asia, even though there's been a slowdown in China, they're still consuming, they still have to modernize," Lemieux said. "I have a sense that things will eventually bounce back up. "I think the end game is that commodities have some way to

"If you look at what's going on in Asia, even though there's been a slowdown in China, they're still consuming, they still have to modernize," Lemieux said. "I have a sense that things will eventually bounce back up. "I think the end game is that commodities have some way to go and I wouldn't be neutral," he added. RELATED LINK: http://blackhawkmines2.livejournal.com/ http://blackhawkminesbulletin.blogspot.co.uk/

SYDNEY, Jan 3 (Reuters) - Australian shares fell 0.7 percent on Friday, with big banks and miners weighing as investors took profits at the index's 6-week highs after seeing signs weakness in Chinese manufacturing data. China's factory activity slowed in December, official and private manufacturing surveys showed, reinforcing views that growth in the world's second-largest economy moderated in the final quarter of 2013. "We saw that Chinese PMI number yesterday was a little bit lower than expected, so expect the material base to trade a bit weaker today," said Simon Twiss, a dealer at Arnhem Investment Management. Top miners BHP Billiton Ltd and Rio Tinto Ltd fell 1.2 percent and 0.6 percent respectively. Fortescue Metals Group Ltd lost 1.8 percent. The S&P/ASX 200 index lost 34.9 points to 5,333.0 by 0020 GMT. The benchmark rose 0.3 percent on Thursday, touching a six-week high. Related Sites: http://promotion.blackhawk-mining.com/ https://www.facebook.com/BlackHawkMinesBulletin http://www.linkedin.com/groups/Blackhawk-Mines-Corp-wakkyped-4584760

Haiti's copper and silver reserves in its hills are now up for an extensive exploitation by a Canadian corporation that has reportedly damaged the neighboring Dominican Republic. Once this mining plan is authorized while Haiti is under foreign occupation, it could practically leave the country without its ecological, cultural and mineral wealth.