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Mining Industry Feeling The Crunch As Mining Show Staples Suspended Indefinitely
By Kitco NewsTuesday July 22, 2014 10:43 AM
(Kitco News) - As the gold mining industry continues to navigate through difficult waters, mining investors will have to do without a few key conferences as the Metals and Minerals Invest Conference circuit has been suspended indefinitely.
Both the San Francisco and New York conferences were suspended July 16 as Euromoney Institutional Investor Plc acquired Summit Professional Networks, the parent company which hosted the shows. Euromoney did however announce that they would keep the Mining Indaba conference in South Africa on the conference circuit. Mining Indaba is considered one of the largest mining investor conferences in the world.
A veteran of the conference circuit, Brent Cook, editor of Exploration Insights, was surprised to see both the New York and San Francisco shows suspended.
They’ve been around for awhile and were considered the best conferences out there,” he told Kitco News over a telephone interview. “I guess it does reflect on where the mining industry is at right now.”
The Metals and Mining web site posted similar notes stating the current metals market weighed heavily on the decision.
“The current challenged metals market has led us to make the difficult decision to suspend our events in the best interest of our participants, speakers, sponsors and stakeholders,” they said.
Mining Indaba will be holding its next conference between February 9 and 12 in Cape Town, South Africa.
By Alex Létourneau of Kitco News aletourneau@kitco.com
Follow Alex Letourneau @alex_letourneau
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