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From the Editor

Strong Indian demand for Indonesian coal

INDIA is set to overtake China as the world’s biggest importer of thermal coal this year as Indian power producers seek more fuel to meet ambitious government requests to boost electricity capacity across the sub-continent, where economic growth is matching that of its northern neighbour, China. India’s government would like to see $36 billion worth of new power plants established to meet demand but lack of domestic coal means a number of plants have been put on the back-burner.

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Indonesia hotspot for investment

NOT only is the Indonesia economy South East Asia’s largest, it is also one of Asia’s most resilient and one of the hottest emerging economies in the world. Much is written about the continuing growth of China and India but Indonesia’s strengthening domestic situation, its abundance of natural resources, supportive government and strong private sector are attracting global interest.

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Precious metals the only store of wealth

SOCIETY needs to realize that the world’s financial problems cannot be solved by governments printing more paper money and creating more debt, as has been the case since the link between gold and money was removed more than 40 years ago. Gold is the purest form of currency, followed by increasingly attractive silver, and the gold standard needs to be reintroduced.

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Grassroots campaign against new tax

Until now the strongest protests and only significant voice raised against the Australian Federal Government’s proposed Mineral Resource Rent Tax (MMRT) has come from the mining industry itself and primarily from the iron ore and coal sectors which will be directly affected.

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Asia Pacific major coal industry driver

The Asia Pacific region will continue to be the sole source of market impetus for the coal industry during the remainder of 2011 and throughout 2012, with China, and to a lesser extent India, driving demand and Australia, Indonesia, and to a lesser, but increasing, extent Mongolia, the supply side. South Africa will also play a major role in satisfying Asian demand.

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