Resilience in difficult times

DURING these very difficult times for the global mining industry, the word resilient has a number of appropriate definitions. As a noun resilience is a description for all those who are surviving the tribulations despite poor prices, higher costs, lack of capital, increasing ant-mining sentiment and declining demand while as an adjective resilient defines the capability of companies to keep afloat, or in shape, despite being bent, stretched or deformed. Other words that can be used to describe the qualities of the mining industry and companies battling to stay in front, whether they be exploring, developing, mining, supplying or investing, are determination, innovation and common-sense.

Read more ...

One step forward and two steps back

As the mining industry struggles to overcome the impact of low metal prices, high capital and operating costs, depressed share markets and severe lack of equity, another government is going down the path of seeking more revenue from mining by way of increased taxation. Just as the Philippines starts to show signs of finally starting to reach its much talked-about mining potential, the government is considering a ‘revenue sharing scheme’ which would equate to a 10% tax on gross revenues or 55% share of the adjusted net mining revenues.

Read more ...

Long-term Vision Needed

WITH some early signs of a mining industry recovery now is a good time to analyse the downturn and examine what is needed to minimize the impacts of future downturns. These economic dips are, unfortunately, bound to occur in the mining cycle but with effective, long-term planning, the path can be a lot smoother.

Read more ...

Tough mining lessons for governments

THERE are tough lessons being learned by governments in many Asia Pacific countries which have been changing mining industry regulations to garner more revenue. By and large these changes could not have come at a worse time for an industry suffering from economic forces largely beyond its control – forces that have brought about volatile commodity prices, lack of ability to raise capital for exploration, development or expansion and a lack of investor confidence.

Read more ...

Resource Center Whitepapers, Videos, Case Studies

John Miller, Editor

John Miller, Editor, The ASIA Miner
&nsbp;
Editor, ASIA Miner and Australian Editor, E&MJ
[email protected]

Based in Melbourne, Victoria, Australia, John Miller has been working as a mining journalist for The ASIA Miner for the past seven years, focusing on mining developments throughout Asia and Australia. He was promoted to editor, The ASIA Miner, during July 2010, is editor of Coal Age Indonesia and has responsibility for E&MJ Australian coverage. John has more than 30 years experience as a journalist. He is also an author with more than five historical books published and a biography published. He has also served his community as a city Councillor and was mayor of Orange from 2002 to 2004.