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OVERVIEW - Tax hikes will further impact mining: AMEC Australia’s peak industry body for mineral exploration and mining, the Association of Mining & Exploration Companies (AMEC), says changes announced in last week’s Federal budget to the resources industry tax system are of great concern to the mining and exploration sectors. As expected, the budget contained measures to tighten the rules on exploration deductions for miners, aimed at netting $1.1 billion to the government over four years. 
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MONGOLIA - Oyu Tolgoi on track to become full-scale mine Turquoise Hill Resources has informed shareholders at its annual meeting that strong progress is being made at its $7 billion Oyu Tolgoi gold-copper-silver development in southern Mongolia, with concentrate shipments from the project expected to begin by July. 
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MONGOLIA - Aspire signs SMEC to develop Ovoot railway In what is being labelled a significant milestone in development of the Erdenet to Ovoot railway, Aspire Mining’s Mongolian subsidiary Northern Railways LLC has appointed Snowy Mountains Engineering Corporation (SMEC) to help advance planning and development of the project. 
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MALAYSIA - Monument increases gold sales 71% Monument Mining has increased its gold sales by 71% compared to the same quarter last year, with 12,500 ounces sold at an average price of US$1626 per ounce. 
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CHINA - Eldorado performance on track Eldorado Gold Corporation says its Chinese gold mines are on schedule to maintain the company’s 2013 production guidance. Figures from the quarter ending March 31, include production of 163,768 ounces, up from 155,535 ounces in the corresponding 2012 quarter, and gold sales of 189,346 ounces, a 9% increase on the same period last year. 
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image OVERVIEW - Tax hikes will further impact mining: AMEC
image MONGOLIA - Oyu Tolgoi on track to become full-scale mine
image MONGOLIA - Aspire signs SMEC to develop Ovoot railway
image MALAYSIA - Monument increases gold sales 71%
image CHINA - Eldorado performance on track

From the editor

Networking vital in difficult times
john

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.

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Advertising Asia Miner

The ASIA Miner magazine and Weekly News Service covering mining and project developments across the Asia-Pacific in English and Chinese.
亚洲矿业 杂志和新闻周刊服务 报道覆盖整个亚洲和太平洋地区的采矿和项目发展情况 中英双语

New organisation - The Indonesian Forum for Mineral Exploration and Development

The Indonesian Forum for Mineral Exploration and Development Indonesia (EMD) is a not-for-profit association of domestic and foreign-owned mining sector companies active in Indonesia.

Its aim is to advance minerals exploration and project development throughout Indonesia and to bring together new companies with those well-established in the industry.

Recognizing the leading roles of the industry organisations and professional institutes, the EMD sees an urgent need to activate all of the minerals sector to address issues such as the new exploration and production regulations of the mining law; modifications to contracts of work; coordination of cross-sector policies of government departments and between the central, provincial and local governments; and the public’s and parliament’s image of the industry as a whole.

For information on coming events visit www.emdindonesia.com

CONFERENCES – Creating business in Indonesia

Austrade is inviting Australian companies involved in the mining industry to exhibit in the Australian Pavilion at Mining Indonesia 2009 in Jakarta, Indonesia, during October.
The pavilion will be an important part of the 14th annual international mining and minerals recovery exhibition and conference which will be held from October 14-17 and is being organized by PT Pamerindo Indonesia.
Austrade, which co-ordinates the Australian Pavilion and supports the conference, says the benefits for Australian companies which participate are:
• Capturing business in Indonesia by showcasing capabilities in specialist mining sub-sectors.
• Meeting mining professionals and developing an understanding of the market first hand.
• Developing business relationships by attending Austrade's networking reception.
• Receiving on-the-ground assistance from Austrade including advice on how to operate successfully in this market.
• Optional coal mine site visits to Kalimantan, Indonesia.
Participation is suitable for Australian companies involved in mineral production and processing; software and other related mining technology; mining consulting services; mining engineering services; mining consumables; mine planning and development; maintenance and repair services for mining equipment; and mining education and training.
Austrade is also seeking participants in Australia’s largest overseas mining forum, OZmine Indonesia 2010, which will be held on March 30 and 31, 2010, in Jakarta.
www.austrade.gov.au/MiningIndonesia09
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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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