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From the Editor

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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RMB to emerge as top three currency

An Australian investment banker has urged the world to ready for China’s RMB currency to become one of three world financial yardsticks as the powerhouse economy increases the pace of internationalization of its RMB. It would sit alongside the United States dollar and the Euro, and would be paralleled as a currency yardstick by China’s significant shift in its next five year plan from an export-led economy to one that is consumer driven at the domestic level.

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China growth will drive prices higher

Higher metals prices will result from China’s continuing growth surge and this will impact positively on Australian and international commodities. Although China’s growth has slowed from double digit figures, it is still above 7% and is likely to remain at similar levels in at least the medium term as its 1.2 billion population becomes more urbanized, industrialized, modernized and commercialized.

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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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Live Interviews

Gemcom acquisition

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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