Overview

The prospect of instant riches gives the mining sector an obvious glamour. And when the mining sector begins to run it can be an awesome sight and the excitement generated can be every bit as seductive and heady as that which enveloped markets during the internet boom. But due to the counter-cyclical nature of many mining stocks, they can also offer a valuable refuge when stock markets turn down. In this fully revised and updated second edition, Michael Coulson gives a masterly overview of the sector, explains both the rewards and the pitfalls of investing in mining shares, studies the history of mining booms and busts, looks at the latest, biggest importers such as China and India, and argues convincingly that mining should once again form a core sector for all investors.This book is for anyone interested in mining, and particularly mining as an investment. Whilst it contains material which will be useful to even experienced followers of the sector, its main target is those who are interested in mining but perhaps not particularly familiar with the sector, and would like to know more.All the subjects are covered that are fundamental to acquiring sufficient knowledge about the mining sector to invest in it with confidence. While the mining sector's global focus is both educational and rewarding, on a more basic level the sector has been (and indeed still is) enormous fun to follow and invest in. This book reflects that and also provides some thoughts as to how this fun can be turned to profit.

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9781905641550

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Reviews

The second edition of Michael Coulson's book is as important as the first - Adam Fleming, Chairman, Wits GoldPraise for first edition: Michael Coulson shows a keen insight into mining and his book Insider's Guide is a must read for both professional and new entrants to the resource sector. - Tony Mahalski, Chairman Association of Mining Analysts An excellent and concise reference book to this fascinating and recently re-discovered sector. - Jamie Strauss, Managing Director UK Equities, BMO Capital Markets. The City's gold guru shows how to play the mining market. Large cap and small cap - it's all here. - Charles Kernot, Head of Mining Research, Seymour Pierce It is aimed at analysts or fund managers who may be seriously examining investing in mining shares for the first time and need a thorough grounding in the industry's fundamentals. In my opinion the book does a good job in this respect. - Russell Sparkes, Professional Investor The Insider's Guide is an excellent road map for new investors who want to know how the mining share market works and an entertaining read for experienced hands who want to keep up to date. Thoroughly recommended. - Rod Whyte, Mining Communications

Author Information

Michael Coulson has been associated with the mining sector for over thirty years first working on the mining desk at James Capel in 1970, for many years the leading mining stockbroker in the City. In 1973 he joined Fielding Newson-Smith (later to become NatWest Markets) as a gold mining analyst where he began a long association with the South African gold mining industry. Two years later he became senior mining analyst at L Messel (latterly Lehman Bros) where he started to produce an annual gold review which he produced every year until 1991. At Messel and later at Phillips & Drew and Kitcat & Aitken he was regularly in the top 3 gold analysts in the Extel Analysts Survey. After spells at County NatWest, Credit Lyonnais Laing and Nedcor Securities he joined Paribas to head its Global Mining Team. He left Paribas in 2000 following the completion of the merger with BNP. Between 2002 and 2004 he was Chairman of the Association of Mining Analysts and is a non executive director of City Natural Resources High Yield Trust. He is also the author of the Insider's Guide to the Mining Sector.

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