The Reckoning for Miners Begins

As this edition of Engineering & Mining Journal (E&MJ) was going to press, many mining companies were filing midyear financial reports or end of year financials depending on where they are headquartered.

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A Rebuke for a Reckless EPA

By Steve Fiscor

The late June decision by the Supreme Court of the U.S. (SCOTUS) revealed just how reckless the Environmental Protection Agency (EPA) has become. In Michigan v. EPA (See This Month in Coal, p. 28), several states and industry groups, including the National Mining Association, challenged the EPA’s mercury rule, which would have forced most of the coal-fired power plants to close as part of the Obama administration’s Climate Action Plan.

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Permitting Poses Problems for US Miners

This edition of Engineering & Mining Journal (E&MJ) has a heavy copper influence. Four different articles shed light on the sector. Readers interested in the copper business should note the figure on the left hand page of CRU Copper Report (see p. 96), which shows how future copper demand will outstrip production with an inflection point starting in 2017-2018. That’s good news for an industry that seems hard-pressed for anything positive these days.

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Copper Leaders Gather in Santiago

Cesco Week and the CRU World Copper Conference, which was held during mid-April in Santiago, Chile, attracted copper miners, smelters and consumers. The lively discussions about the future of the industry generated more questions than answers. Even though copper prices have declined 40% since 2011, the prevailing consensus was that demand for copper would remain healthy and prices should improve in the future. While many speakers questioned whether copper prices would reach the super cycle levels again, it was clear that the trend will head in the right direction for miners and margins could improve significantly by 2017.

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From the Editor

Steve Fiscor, Editor-in-Chief, EMJ, Engineering Mining Journal
Steve Fiscor heads a world class group of writers and editors serving the mining and construction markets. He has served as editor-in-chief for E&MJ since 2003 and Coal Age since 2001. He writes articles on mining and processing, organizes the technical programs for several conferences, and produces many of MMI's ancillary products.

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