The Asia Miner

JUL-SEP 2018

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

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the asia miner • volume 15 • issue 3 2 FROM THE EDITOR Most analysts agree that poliঞcal uncertainty, increased interest rates and the state of the US dollar will conঞnue to be key drivers for the gold price, and subsequently demand for, and producঞon of, the yellow metal. Our feature on gold focuses on trends, analysis and the movers within this space. But let's face it. Trying to pin a gold trend in the current market is like trying to pin water to a wall. Despite rising interest rates, monetary policy normalisaঞon, and a sঞll solidly performing stock market, gold managed to hold its ground in 2017. Yet, in 2018, gold demand had a so[ start to the year, reaching 973 tonnes (t), the lowest first quarter since 2008. The World Gold Council aributes this decline to a fall in investment demand for gold bars and gold backed ETFs, partly due to range-bound gold prices. The gold price itself appears to not to go anywhere in parঞcular either. Yet, despite this, a number of companies are ramping up gold exploraঞon or entering the space anew across Australia, Asia and Indonesia. Albeit differing geographical, operaঞonal and regulatory challenges, a number of gold mining companies are also working towards cleaner and more sustainable operaঞons. This appears to be reflected (slowly) across the industry as a whole. The conঞnued mounঞng pressure from investors and society on the mining sector to become beer "corporate ciঞzens", is pushing cleaner and more environmentally accountable pracঞces up the corporate agenda of many mining companies. In this issue we explore the current shi[s driven by ASEAN in tackling the serious issue of sustainable mine closures across the region. With more than 600 million consumers, ASEAN has a large industry base with a vast potenঞal for investor opportuniঞes, with mineral development recognised as being pivotal in strengthening ASEAN unity and solidarity. As evidenced through the mounঞng pressure on Nauঞlus Minerals and their proposed deep-sea mining project in Papua New Guinea (see page 21), mounঞng environmental and social pressure on operaঞonal accountability can bring a project into turmoil. Consequently, an increasing number of industry bodies are releasing good pracঞce guidelines to steer the sector – albeit sঞll at ঞmes rather stubbornly – towards more sustainable pracঞces across all operaঞons – starঞng at "the hole" and ending with "the end product". We are also witnessing more mining companies collaborate directly with researchers in the development of more efficient and environmentally friendly mining equipment, technologies, waste management and alternaঞve energy producঞons. Developments that, in a long run, are proving to be good not only for the environment but also for the boom line. In this ediঞon of the magazine we also look at what is happening across our region, with a focus on Papua New Guinea (PNG). In the a[ermath of a 7.5 magnitude earthquake that struck on 26 February of this year in the Southern Highlands and Hela regions, PNG's lucraঞve mining and LNG sectors are beginning to return to full operaঞons, but conঞnued local disquiet in some parts of the region threaten the fragile condiঞons. Sylwia Przybyla 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— Sylwia Przybyla, editor@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 Graphic Designer—Michael Florman, mflorman@semcopublish- ing.com ProducƟon Manager—Dan FiƩs, dfiƩs@semcopublishing.com SubscripƟons: $120/year—Tanna Holzer, tholzer@semcopublishing.com AccounƟng—Lorraine Mestas, Lmestas@semcopublishing.com INTERNATIONAL SALES U.S. & Canada, Sales —Victor MaƩeucci, vmaƩeucci@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 Ɵme of publicaƟon. 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 wriƩen material submiƩed for publicaƟon 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 adverƟse- ment content. The contents may not be reproduced in whole or in part without the wriƩen permission of the publisher. Copyright 2018 The ASIA Miner ISSN: 1832-7966 PHOTOCOPIES: AuthorisaƟon to photocopy arƟcles for internal corporate, personal, or instrucƟonal use may be obtained from the Copyright Clearance Center (CCC) at +1.978.750.8400. To obtain further informaƟon, visit www.copyright.com www.asiaminer.com Earthquakes, market-quakes, and quakes from within: the sounds of change

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