2015 was indeed a difficult one with the downturn in iron ore price (dare I mention it) which dropped from a monthly average of US$128 per tonne in January 2014 to almost half that price in January 2015. It was also a difficult year for gold, nickel and aluminium.
These difficulties will stay with us in 2016 but it’s not all doom and gloom, as they say. There is light at the end of the tunnel with India just one example; according to analysts that market holds great potential for miners here as the continent follows in China’s growth footsteps.
And on the China front – while it has moved from a period of construction to consumption, the price of base metals such as nickel may yet reach its prime this year.
As we move through these fluctuations characteristic of any economic cycle, the Mining Club is geared up for another year dedicated to supporting and informing our members. Once again we’ll be bringing you a number of events with high-profile speakers, networking opportunities and educational experiences.
We will continue to have relevant and entertaining guest speakers, with our first luncheon in February featuring Mike Young from Vimy Resources. Vimy is focused on uranium – a market which we explore in-depth in this issue.
We will also be, once again, holding our popular golf day and annual gala ball as well as looking to provide members with new events to encourage more efficient networking in the mining community. We’ll be announcing some of these new events soon so stay tuned.
We couldn’t do all this without the continued support of our sponsors – a big thank you to them. We will be touching base with specific events for them to show our thanks for their support. We hope to be able to bring some new sponsorship opportunities on board in 2016 and would welcome discussions with any parties which can help further the WA Mining Club’s advancement in the mining community.
On behalf of the club I would like to wish you a happy and prosperous year. I look forward to seeing you at one of our events soon.