One step forward and two steps back

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Published: Tuesday, 01 July 2014 14:02
Written by ASIA Miner News

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.

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Long-term Vision Needed

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Published: Friday, 16 May 2014 05:23
Written by John Miller

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.

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Tough mining lessons for governments

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Published: Wednesday, 12 March 2014 02:41
Written by John Miller

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.

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The only way is up from here

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Published: Wednesday, 08 January 2014 10:23
Written by John Miller

AS a new year dawns the global mining industry is at a very low ebb with volatile mineral commodity prices, very little capital available to support exploration or expansion projects, let alone new projects, and many existing operations struggling to break even at best. This has resulted in jobs being lost at mining operations and major impacts on the mining supply and service sector.

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  2. Resources boom is far from over
  3. Coal royalty proposal is ill-timed
  4. Philippines needs a sustainable balance