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Luber-finer Mining Attack-A-Market™

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NOTE: This Mining Attack-A-Market™ Newsletter from Luber-finer is a quick read on the mining market as it pertains to opportunities or “need to know” news related to Luber-finer products. If you have news to share, please send an email (with a link) to Darren Wight at dwight@deanhouston.com. Coal Forecast: Mined Fuel Source Will Likely Surpass Oil By 2020

Continued industrial growth in China and India means coal, and the inexpensive and practical energy it provides, will exceed oil as the global economy’s primary fuel by the decade’s end, despite Washington’s bids to reduce carbon emissions. Worldwide consumption of the fossil fuel is expected to soar 25% by 2020 to 4.5 billion tons of oil equivalent, overtaking oil at 4.4 billion tons, Wood Mackenzie recently reported in a presentation at the World Energy Congress in Daegu South Korea. Despite a North American natural gas boom, ongoing thirst by Asian powerhouses means the comparatively cheaper fuel will power their economies, as U.S. European and regional Asian demand will hold steady. "China's demand will almost single-handedly propel the growth of coal as the dominant fuel," said William Durbin, Wood Mackenzie’s president of global markets.

Full story: http://bit.ly/1d4Po8V SOURCE: CoalAge.com

Private Equity Firms Still Investing Heavily In New Mining Operations

During the last couple years, private equity firms have quietly grown into key players in the mining industry. And with mining valuations in the gutter and equity financing all but dried up, their role could soon get bigger. In a recent Toronto presentation, private equity insiders noted that the firms are raising huge dollars for mining investments. This could become a source of potential financing for many distressed companies. “It’s a financial buyer’s market,” said Peter Gordon, a managing partner at Brookfield Asset Management Inc. He pointed out there is very little competition from strategic buyers right now. Historically, investment firms have avoided the mining sector for a variety of reasons: high volatility in earnings and cash flows, pricey valuations, and the fact they lacked the technical know-how to understand the sector. The extremely low valuations have given these formerly uninterested cash managers the confidence they can invest and get a good return. They are now working with some of the sector’s top people, which erases the knowledge gap.

Full story: http://bit.ly/16gUaAw SOURCE: TheProvince.com

Coal Forecast: To Surpass Oil As No. 1 Fuel By 2020; Equity Firms Still Investing In New Mining Operations

Volume 1, Issue No. 12 | October 25, 2013

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Luber-finer Mining Attack-A-Market™

Newsletter

China Base Metal Demand Good News For U.S Mining Forecast

China is poised to become the world’s main consumer of base metals by 2017, revealed in the latest report by energy and metals analyst Wood Mackenzie. The Asian giant will account for 52% of base metals demand, compared with 46% of the current 96 million tons (Mt) global base metals market.. Wood Mackenzie says the outlook will benefit metals producing operations.

Full Story: http://reut.rs/1bp42qv SOURCE: Reuters.com Ryder Launches Specialized Services For Mining, Oil, Gas

Ryder System has launched new services dedicated to mining, oil and gas industries. Included in these are Ryder’s customized Dedicated Fleets, Transportation Management, and fleet Leasing and Rental services. Ryder said these services provide ways for equipment to get to job sites, improve visibility throughout the supply chain and maximize up-time and transportation solutions that safely move shipments from one location to another.

Full Story: http://bit.ly/16VjnyM SOURCE: FleetOwner.com Wisconsin Frack Sand Mine Would Be One Of Largest At 650 Acres

U.S. Silica is considering opening a frack sand mining operation that would be Eau Claire County’s largest. The site under consideration is 650 acres in the town of Fairchild. The operation would be larger than U.S. Silica’s other Wisconsin mine, which is in Sparta. The new mine is predicted to employ as many as 60 people.

Full Story: http://bit.ly/GUjOiG SOURCE: DailyJournal.net

Caterpillar Sees Little Growth On Horizon, Adjusts Earnings Forecast

Caterpillar's (NYSE:CAT) third-quarter figures are even lower than analysts were expecting: $13.423 billion in revenue — an 18% drop from Q2 2012 — and $946 million in profit. Analysts were predicting $14.35 billion in revenue and $1.11 billion in profit. The company's share price lost 6.19% as profit per share came in at $1.45 — a drop of more than $1 compared with last year's Q3. Growth forecasts have been curtailed significantly for 2013.

Full story: http://bit.ly/1iho9IL SOURCE: Mining.com Vulcan Lands Renewed Investor Support For Four Georgia Quarries

Vulcan Materials Co. sold an interest in future production at four quarries in Atlanta to Plum Creek Timber Co. Inc. Vulcan Materials will receive $154 million in exchange for a percentage royalty interest in 255 million tons of aggregate production over about 25 years. “In Plum Creek, we have a partner that shares our long-term view of the value and growth in the aggregates business and is investing based on that view,” said Don James, Vulcan Materials chairman and CEO.

Full Story: http://bit.ly/1agyba4 SOURCE: PitAndQuarry.com U.S. Coal Mining Analytics Predict Benchmarks, Revenues Into 2020

U.S. coal mining analytics are now available online with data forecasts reaching into 2020. The new analytics report, which offers a comprehensive overview of the industry’s financial results through 2013, as well as historical data, revenue forecasts, growth and rates. The data looks at operating ratios, benchmarking the industry with all other U.S. industries and U.S.-based companies.

Full story: http://bit.ly/1i2xOmr SOURCE: SacBee.com

Anticipated Success Leads NW Mining Companies To Association

Companies in northwestern Ontario may really dig the idea of a mining cluster organization. For companies in the mining field, the premise of a cluster group can be an intriguing one, as forecasts for enormous growth would present predictable efficiencies and savings among the group.

Full Story: http://bit.ly/1i2xQKM SOURCE: NorthernOntarioBusiness.com Northwest Mining Association Will Change Name, Focus By December

The Northwest Mining Association’s name (NWMA) will be changed to the American Exploration & Mining Association (AEMA), effective at the close of this year’s annual meeting in December. An ad-hoc committee sent a questionnaire to NWMA’s membership, whose responded that the association’s current name and brand does not accurately describe or reflect what the NWMA does or who its represents.

Full story: http://bit.ly/1bkr4h3 SOURCE: MineWeb.com $2-Billion Copper Mine May Get Similar Mine In South America

Sentinel Mine, a $2-billion copper mine being constructed by Canadian-based First Quantum Minerals in the North-Western Province of Zambia, is an impressive 10 months ahead of schedule. Presenting to a Panamanian delegation considering a possible mine operation mimicking the Sentinel in Panama, Construction Manager Randy Findlay confirmed the project was ahead of schedule and within budget. The delegation was impressed given the Cobra copper mine in Central America is mired in massive delays compared to the Sentinel.

Full Story: http://bit.ly/17yG7kJ SOURCE: MiningReview.com