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Workshop: Geology at different education levels in Europe

The annual meeting of the European Federation of Geologists will be held in May 2011 at Budapest and is accompanied by a workshop on May 19, 2011 on the subject of education in the area of geology. Both oral and poster presentations concerning any educational level are expected. The main achievements of the Euro-Ages project (www.euro-ages.eu) will also be presented during the workshop. Furthermore, a fieldtrip to the Balaton Lake and the Bakony-Balaton Geopark will be proposed on 20 May. The area of the catastrophic red sludge spill will also be visited. For more information please contact the coordinator Eva Hartai at foldshe@uni-miskolc.hu.

Rising commodity prices applying cost pressure for gold miners – Gold Fields

Gold Fields (GFIJ.J), the world's fourth-largest listed gold miner, said on Tuesday rising commodity prices were putting cost pressures on gold miners even as the price of the precious metal itself climbed. "We are concerned about what we've seen on the commodities front," Chief Executive Nick Holland told the Reuters mining summit, citing oil's recent rally but also other rising costs for key things such as timber and steel.

Japan reconstruction good for copper, iron ore – Friedland

Copper and iron ore prices should remain high in the near future because of additional demand for reconstruction in Japan after a devastating earthquake and tsunami, Ivanhoe Mines Ltd Chief Executive Robert Friedland said. The earthquake in northeastern Japan destroyed thousands of homes, levelled buildings and bridges and caused damage estimated at up to $308 billion, according to the Nikkei newspaper.

Doubling in profit sees ENRC positive for 2011

Kazakh mining group ENRC (ENRC.L) said underlying profit more than doubled, on record production and demand recovery for its products, and that the global economic outlook is still improving. Underlying EBITDA jumped 118 percent to $3.19 billion, in line with the consensus, as revenue rose 72 percent to $6.60 billion.

AngloGold hoping to contain global cost increases but, SA remains a problem

AngloGold Ashanti's (ANGJ.J) top executive said on Tuesday the company hoped to keep its global cost increases to half the industry average but the situation in South Africa was "a lot tougher." Mark Cutifani, the chief executive of Africa's top gold miner, cited increasing depths, reduced grades and input inflation as structural increases putting upward pressure on the costs of gold mining.