China’s economy will continue to be strong

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Published: Thursday, 21 November 2013 06:08
Written by John Miller

CHINA’S economic growth has slowed, prompting some so-called experts to claim that its economy will collapse. When coupled with the global downturn, this paints a gloomy picture. However, while there are some problems, China’s economy is not about to collapse as the government has deliberately slowed growth to achieve economic transformation and upgrade through a more sustainable growth rate.

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Resources boom is far from over

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Published: Thursday, 10 October 2013 09:11
Written by John Miller

ALTHOUGH Australia’s resource-reliant economy is feeling the pain of lower commodity prices, high construction and infrastructure costs, and falling investment, it is not right to say the mining boom is over. Such statements are not conducive to encouraging a turnaround in fortunes and, if anything, create more doom and gloom than warranted.

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Coal royalty proposal is ill-timed

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Published: Tuesday, 27 August 2013 04:03
Written by John Miller

The Indonesian Government’s proposal to increase coal mining royalties to 13.5% of net sales in 2014 from the current rate of 5-7% is aimed at equating the payments of every coal miner in the archipelago, the timing is questionable as is the likely impact on small mining companies. Globally the industry is struggling from a number of factors, including low prices, rising supply and lack of capital, and Indonesia’s producers are being hit hard.

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Philippines needs a sustainable balance

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Published: Wednesday, 10 July 2013 09:15
Written by John Miller

THERE are mixed messages coming from the Philippines, all of which impact the mining industry and mining investment – positively or negatively. In these difficult global times for mining, it is important that the Aquino Government achieves a sustainable balance so that mining proceeds, investment increases, Filipino people benefit and the environment is not compromised. Easier said than done, but the government has to date shown a commitment to work towards this balance, which stands it in good stead in the quest to effectively manage all competing interests.

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