The Asia Miner

OCT-DEC 2017

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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2 | ASIA Miner | Volume 14 • Issue 4 | 2017 From The Editor There has been plenty said about the push by Indonesia to gain more revenue from its mining industry – a push that has been costly for many in the industry as well as for mining investment. There is no doubt the resource na- tionalism quest has set the industry back, but it must be remembered that Indonesia is not alone in this regard. It is a growing global trend that has recently manifested itself in South Africa and Tanzania while the Philippines is making similar noises at a time when the impacts of an environmental crackdown on the industry are still being felt. In the past gov- ernments in Mongolia and even the resources stronghold of Australia have made similar moves, which have hit the industry hard and mining is still recovering. More recently in Western Australia there was a plan to dramatically increase gold revenue for the state owing to shortfalls in GST revenue but thankfully the govern- ment has realised that this is self-defeating and the plan has been shelved … talk about biting the hand that feeds you. Why was this even considered at a time when the industry needs all the help it can get? It is particularly perplexing when consid- ered that Western Australia is built on the back of mining. It is a familiar story for the industry but one that governments around the world seem intent on pursuing despite failures past and present. The mining industry in the Philippines, the world's fifth most mineralised nation , is a virtual basket case following the 'reign' of former environment secretary Regina Lopez. With the apparent backing of President Rodrigo Duterte and citing environ- mental concerns, earlier this year she ordered the closure of 22 of the country's 41 operating mines, primarily in nickel, and cancelled dozens of contracts for unde- veloped mines. Although her measures were strongly opposed by the industry and her appoint- ment was eventually not confirmed resulting in her replacement in May by former Armed Forces chief-of-staff Roy Cimatu, the damage has been done with many mines not operating and new projects unable to get off the ground. A knock-on effect is the loss of many jobs at the mines as well as at the many companies that support mine operations. Lopez's successor now has the unenviable task of getting the industry back on then rails, and will need all the help he can get. His early efforts, however, are not being helped by talk of maintaining the ban imposed on open pit mining as well as murmurings of the need to impose bans on raw material exports in order to encour- age in-country processing. The latter is a very populist topic but the mistakes made by Indonesia in this quest must be heeded. Unfortunately for the entire industry, as is the case in many mining jurisdictions, some operators in the past have not done the right thing by the environment and local resi- dents, and this has resulted in everyone suffering the consequences. This situation is never helped by the actions of artisanal miners. The uncertainty these resource nation- alism efforts create is also detrimental to the industry and to investment. This regional focus of this edition is the Philippines and we take a look at a few of the mines that are still operating but also tell the story of some who are still not able to operate. Our Future of Mining series takes a look at the need for a digital transformation within the industry, and this doesn't necessarily mean reinventing the wheel, rather taking up some of the digital technology that is available now. We also continue the Waste to Energy series and focus on ways the industry can implement these common sense solutions. By John Miller /Editor The ASIA Miner® Suite 1, G02/685 Burke Road, Camberwell, Melbourne, Victoria, 3124 Australia Phone: + 61 3 9006 1742 Mobile: + 61 417 517 863 Publisher—Lanita Idrus, Lidrus@asiaminer.com Editor—John Miller, jmiller@asiaminer.com Corporate Office 8751 East Hampden Ave, Suite B-1 Denver, Colorado 80231, U.S.A. Phone: +1 303-283-0640 Fax: +1 303-283-0641 President—Peter Johnson, pjohnson@semcopublishing.com —Michael Florman, mflorman@semcopublishing.com —Dan Fitts, dfitts@semcopublishing.com Subscriptions: $120/year—Tanna Holzer, tholzer@semcopublishing.com —Lorraine Mestas, Lmestas@semcopublishing.com INTERNATIONAL SALES U.S. & Canada, Sales —Victor Matteucci, vmatteucci@mining-media.com Tel +1 440 257 7565 Scandinavia, U.K. & European, Sales—Colm Barry, colm.barry@telia.com Tel +46 (0) 736 334670 Germany, Austria, Switzerland, Sales— Gerd Strasmann, gerd@strasmann-media.de Tel +49 2191 93 1497 Japan Sales—Masao Ishiguro, ma.ishiguro@w9.dion.ne.jp Tel +81 (3) 3719 0775 Indonesia Sales—Dimas Abdillah, dabdillah@asiaminer.com Tel +6221 2940 6337 The ASIA Miner® is published quarterly and every endeavour is made to ensure the contents are correct at time of publication. The Publisher and Editors do not endorse the opinions expressed in the magazine. Editorial advice is non-specific and readers are advised to seek professional advice for specific issues. Images and written material submitted for publication are sent at the owners risk and while every care is taken, The ASIA Miner® does not accept liability for loss or damage. The ASIA Miner® reserves the right to modify editorial and advertisement content. The contents may not be reproduced in whole or in part without the written permission of the publisher. Copyright 2017 The ASIA Miner ISSN: 1832-7966 PHOTOCOPIES: Authorisation to photocopy articles for internal corporate, personal, or instructional use may be obtained from the Copyright Clearance Center (CCC) at +1.978.750.8400. To obtain further information, visit www.copyright.com www.asiaminer.com Resource nationalism curse spreads

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