The Asia Miner

OCT-DEC 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 4 2 FROM THE EDITOR As China and the US escalated their trade war on a ঞt-for-tat basis – with President Trump's administraঞon announcing in September a planned addiঞonal US$2 billion in tariffs on the world's largest commodity consumer, followed swi[ly by China's announcement that it will slap tariffs on an addiঞonal US$60 billion of imports from the US – the London Metal Exchange (LME) recorded a fall in prices of nickel, copper and aluminium. The FTSE 350 Mining Index followed, with a recorded one per cent drop. Analysts have been nervously watching as mining shares have lost almost 16 per cent since June, with the Financial Times reporঞng that an imposiঞon of a further 25 per cent tariff by the US would "knock a full one per cent off Chinese real GDP growth." And since China is the world's largest consumer of almost all commodiঞes from oil to metals, the potenঞal repercussions of this trade ঞff on mining are being observed closely. Our metals feature in this issue of The ASIA Miner looks at nickel (see page 25). Although nickel producঞon has slowed down in recent years due to an abundance of supply and price fluctuaঞons, the nickel sector is becoming a two-ঞered market: with a weaker outlook for materials bound for the stainless steel industry, but a robust demand growth in the electric vehicles (EV) sector supporঞng prices and potenঞally revitalising global interest in the commodity. And, the ripples are beginning to show, with several global metals producers seমng their sights on Indonesia's nickel reserves to answer this surge in demand for the metal for EV baeries. Australia is also following suit, with producঞon expected to rebound from a low point following several faciliঞes and mine closures in 2016 and 2017. In this issue we also explore the great strides made within the mining sector as it embraces innovaঞon, renewables and new technologies. Driven by the need to remain compeঞঞve across all facets of operaঞons, as well as the need to reduce operaঞonal costs, mining companies are increasingly looking towards opঞons that are far from the "safe and tested" bubble. And the outcomes are spectacular, like Eco Mine's and CSIRO's collaboraঞon to produce Australia's first gold using a non-toxic chemical process, which provides an alternaঞve to cyanide and mercury to extract the yellow metal. Our coverage in the Leading Developments secঞon looks at the drivers and factors behind the mining industry's adopঞon of innovaঞon and renewables, as well as explore some of the working examples being applied. In our Waste to Energy feature, we look at the sociology of Industrial Ecology and mining, and invesঞgate how "waste" is fast becoming a commodity and a contributor to the mining space. We also seek to find an answer to a quesঞon on the lips of many Australians: "What do we do with our residual waste?" In this ediঞon of the magazine we also discover what is happening across our region – with a focus on Philippines and China – and rethink the "resource curse" in Asia to assist mining-dependent countries' rich resource endowments drive long-term sustainable developments. 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, Editor— Sylwia Przybyla, 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, Graphic Designer—Michael Florman, mflorman@semcopublish- ProducƟon Manager—Dan FiƩs, dfiƩ SubscripƟons: $120/year—Tanna Holzer, AccounƟng—Lorraine Mestas, INTERNATIONAL SALES U.S. & Canada, Sales —Victor MaƩeucci, vmaƩ Tel +1 440 257 7565 Scandinavia, U.K. & European, Sales—Colm Barry, Tel +46 (0) 736 334670 Germany, Austria, Switzerland, Sales— Gerd Strasmann, Tel +49 2191 93 1497 Japan Sales—Masao Ishiguro, Tel +81 (3) 3719 0775 Indonesia Sales—Dimas Abdillah, 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 adverƟsement 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 2018: A year of changes, shake ups and innovative surprises

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