Coal’s dominant role in power

STRONG economic growth driving the need for substantial new power generating capacity, particularly in Asia, will see coal play the dominant role over gas, nuclear and renewable energy for at least the next 20 years. The dominance is set to increase and not diminish until at least 2030 despite arguments against it.

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Indonesia an important market for Australia

Indonesia remains a highly important market for Australia, according to Australian Trade Commission executive director – South Asia, ASEAN and the Pacific, David Twine.

Speaking after a very successful Ozmine 2011 in Jakarta, David Twine says that in a recent Australian Bureau of Agricultural and Resource Economics (ABARE) research project, Indonesia was rated, by a significant margin, the most important export market for Australia’s mining, equipment and technology (METS) services companies.

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Copper demand outstrips supply

The short-term forecast for companies producing copper, as well as those about to start producing, looks extremely bullish with demand growing faster than supply. The copper market is facing a widening deficit in 2011 and 2012 until new supply comes on stream in late 2013.

Standard Bank's head of commodity research Walter De Wet recently reiterated this message, saying, “After last year’s deficit, we project the deficit to grow to 385,000 tonnes for 2011 and 562,000 for 2012, so clearly demand is growing faster than supply and will remain strong until 2013.

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The next big mining investment story

INDONESIA looks certain to replace Africa as the next mining investment story. It could be this year or maybe next but it will happen. Although investment has a patchy record, due to red tape, corruption and the Bre-X scandal, it seems the world’s third most populous nation has turned the corner. It is rich in resources, has a new mining law and there is huge demand from China, India, and traditional powerhouses South Korea and Japan.

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John Miller, Editor

John Miller, Editor, The ASIA Miner
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Editor, ASIA Miner and Australian Editor, E&MJ
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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.

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