IN these difficult times for the mining industry the support factors of networking and education are more important than ever. Establishing, maintaining and growing networks can provide many benefits to mining companies and the METS sector – chatting with like-minded peers, discussing successes and failures, sharing expertise, and learning about different situations. Education is always important in developing business but during troubled times it is even more important as this is when things must be done better or differently if companies are to survive.
THERE are some encouraging signs for mining after an uncertain 2012 with commodity prices recovering, Chinese growth picking up and economies in the US and Europe less troubled than previously. If South East Asia’s largest economy, Indonesia, is to gain full benefits of a mining recovery, the remainder of 2013 is a vital time as the country prepares for several imminent mining legislative changes.
2012 saw economic uncertainty around the world exacerbated by growing financial troubles in Europe and deliberate slowing of China’s growth. This uncertainty was reflected in the mining industry with resulting downward trends for most mineral prices and great difficulty in securing funds for exploration, mine development and expansions, which led to a concerning and increasing number of project postponements and cancellations. The overall downward trend in the mining industry and investment has not been aided by an increasing amount of resource nationalism around the world.
THERE is no question the global mining industry is not as strong as it was at the start of 2012 thanks to a gloomy Europe, slowing Chinese growth, depressed metal prices and lack of capital for exploration, development and expansion projects, but it was undoubtedly a case of glass half full at MINExpo 2012 in Las Vegas. While acknowledging the difficult conditions, most mining executives and leaders at the world’s biggest mining showcase were very optimistic about the future.
THE very nature of the coalition government formed after Mongolia’s parliamentary election seems certain to result in an increase in politization, polarization, confrontation and divisiveness in the resource-rich North Asian nation. In terms of mineral resources, the coalition will be under substantial pressure to be more populist with policies and, therefore, resource nationalism will be a greater risk, investors will be a lot less willing to part with funds to support Mongolian mining projects and there will be elevated levels of volatility for the country’s resource equities.
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The ASIA Miner editor John Miller interviews Gemcom Software International president Rick Moignard about the acquisition of the company by Dassault Systèmes, the 3DExperience Company. Click here
Martabe first gold pour imminent
G-Resources will pour first gold at its world-class Martabe Gold-Silver Project in North Sumatra, Indonesia, by the end of July. This is a major milestone for the company and for Indonesia, as stated by chief exexcutive officer Peter Albert in an interview with The ASIA Miner editor John Miller (click here).
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