Page 4 Learn more NETZSCH Canada Inc Tel 7057978426 email infonetzschca wwwnetzschca TORNADO Heavy Duty Rotary Lobe Pumps Designed for the highest Operational Reliability with low life cycle costs maintenance in place and featuring NETZSCH GSST echnology a positive separation between pr oduct and gear box 3 Ranges 12 Models 0 4400 gpm NETZSCH the world market leader with 60 years of experience and over 500000 pr ogr essing cavity pump installations worldwide W ith sales pr oduction and service on 6 continents ensuring customer support to pr ovide NETZSCH Pumps Systems Solutions you can trust Everyone knows that minin g is cy clical It is something everyone must live with Still living with a cycle of good times followed by bad times followed by good timesis diffcult for compa nies and individuals Y et bad times should be seen as an opportunity not a disaster The value of gold is in decline and many companies senior producers and exploration juniors are suf fering from severe fnancial blows In the base metal sector some prices are down and some are achie ving re cord highs If there is one thing all miner s hate it is uncertainty And the fnancial crisis that was born of the bank credit col lapse of 2008 gave birth to a degree of uncertainty that once was unimagi nable It is at this point that commo n sense supported by easily availabl e statis tics needs to be applied to destroy doom and gloom ar guments This edition of Canadian Mining Life and Exploratio n News is devoted to the base metal industry but we have not for gotten diamond and palladium producers as well as those seeking rare earths Base metal giants such as V ale SA and Glencore Xstrata plc are spending billions of dollars to moderniz e facili ties to bring in new mines and to ex plore for new ore bodies And they are not the only ones doing so What is their rational Babies are be ing born every minute existing cit ies are expanding and new cities be ing created in such places as China Modern society cannot exist without copper nickel zinc and a dozen other metals People in India China and Brazil want to own cars The demand for base metals will never fade away but increase with population growth spurred by the simple fact that have not population s want to join the have nations Let us look at the gold situation Demand has outstripped supply for many years Newly wealthy citizens of China India and many other na tions are buying gold for the reason ordinary people always sought to own the precious metal a loss of faith in paper money and existing political in stitutions The political deadlock in the United States still the most powerful nation in the history of the world means its debt and trade defcit problems will not be solved in the foreseeable fu ture Many member nations of the Euro pean Union cannot solve their inter nal problems brought on by decades of spending more money than their economies were incapable of generat ing It is obvious the price of gold is be ing manipulated It is equally obvious that the pressure being generated to day by forces beyond the control of the manipulators will force the price tomorrow to its true level Of course when tomorrow will arrive is the un known All gold producers can do is hang on Companies in the near production stage must create survival plans and put their fnancial af fairs in order T wo things to keep in mind The human race has yet to create a monetary unit that can replace gold over a long period of time It cannot survive without base metals Common sense simple facts destr oy doom gloom arguments By Glenn Dredhart Publisher