Up and Running启动与运行
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TAM Cover_Layout 1 6/26/13 9:12 AM Page 1 July/August 2013 | Volume 10 | Issue 4 | Industry Technical Information | 矿业技术信息 UP AND RUNNING启动与运行 Focus on the Philippines • 聚焦菲律宾 Australian Suppliers Directory • 澳大利亚供应商名录 AIMEX preview • AIMEX概述 German mining technology • 德国开采技术 IFC_Layout 1 6/25/13 10:33 AM Page 1 TOC_Layout 1 6/26/13 9:47 AM Page 1 FEATURES Mining success stories The July/August mining success story examines how PT Adaro Energy Tbk has become one of Indonesia’s biggest companies and a global coal industry player, stemming from the strength of the country’s biggest coal operation. ....................................................................................4 Australian mining suppliers directory The Australian Mining Equipment, Technology and Services (METS) sector contributes 6.4% to the Australian economy and is one of the country’s largest export sectors. This feature looks at the METS sector and includes a directory. ..................................................................47 AIMEX 2013 preview The Asia Pacific’s premier mining exhibition AIMEX returns to Sydney in August with a focus on innovation to help delegates make efficiency savings and lift productivity in the face of soften- ing global resources prices. .................................................................................................................65 LEADING DEVELOPMENTS Asian Intelligence The first half of 2013 has been extremely challenging for mining with the combination of rising operating costs, falling metals prices, lower ore grades and continued scarcity in availability of funds. ....................................................................................................................................................8 Philippines Indophil Resources is in discussions with newly formed Glencore-Xstrata regarding restructuring and advancing the Tampakan Copper-Gold Project JV. ........................................................................13 Exploration Flinders Mines will undertake a new drilling program targeting Brockman Iron Deposit mineralization It’s all systems go at the Didipio Gold-Copper Proj- at its Pilbara Iron Ore Project in Western Australia. ..........................................................................................120 ect of OceanaGold in northern Luzon. The operation was officially opened on May 15 with the company AROUND THE REGION subsequently determining that the effective date of Philippines St Augustine Gold & Copper will use US$11 million raised in a placement to further advance commercial production was April 1. The first ship- the King-king Copper-Gold Project. .....................................................................................................15 ment of concentrate from Didipio departed from San Fernando port in early April bound for Japan with Philippines The mill expansion project at Medusa Mining’s Co-O Gold Project is on schedule. ...................17 the first cash receipt made in mid-April. OceanaGold China New Pacific Metals has started exploration at its new RZY Silver, Lead and Zinc project. .................24 has, therefore, completed the transition into a multi- national gold producer. Mongolia There has been a 675% increase in resources at Haranga’s Selenge Iron Ore Project. .........28 Photo OceanaGold Indonesia High-grade assays point to a new mineralized zone at the Tembang Gold-Silver Project. ..........33 DEPARTMENTS Advertisers’ Index ....................................118 Indonesia Indo Mines will focus on accelerating pig iron production at the Jogjakarta Iron Project. ...........35 Calendar of Events ....................................43 Papua New Guinea Gold Anomaly will drive an exploration adit and cross-cuts at its Nevera prospect. ....36 Exploration ..............................................120 India Astra Resources is close to acquiring to iron ore mines in the eastern state of Orissa. ......................38 From the Editor ............................................2 Vietnam Besra Gold has started mining higher grade ore at Phuoc Son’s Bai Go underground mine. ........39 On the move ..............................................44 Product News ..........................................110 Australia Atlas Iron has confirmed a significant direct shipping ore discovery at Corunna Downs project. .....40 Supplier News ..........................................114 Central Asia Kentor Gold has sold the Andash project in the Kyrgyz Republic to Robust Resources. .........42 Subscription Form ....................................118 Optimization plan at Masbate...............................19 Karara plant near capacity....................................40 Strong Asia Pacific focus.......................................61 July/August 2013 | ASIA Miner | 1 Editor's Page_Layout 1 6/25/13 10:03 AM Page 2 From The Editor Philippines needs a sustainable balance THERE are mixed messages coming from the Philippines, all of which im- pact the mining industry and mining investment – positively or negatively. In these difficult global times for mining, it is important that the Aquino WWW.ASIAMINER.COM Government achieves a sustainable balance so that mining proceeds, in- The ASIA Miner® vestment increases, Filipino people benefit and the environment is not Suite 9, 880 Canterbury Road, compromised. Easier said than done, but the government has to date Box Hill, Melbourne,Victoria, 3128 Australia shown a commitment to work towards this balance, which stands it in Phone: +61 3 9899 2981 Mobile: + 61 417 517 863 good stead in the quest to effectively manage all competing interests. Let’s start with the positives. Firstly, the Philippines had the fastest grow- By John Miller /Editor Editor —John Miller, [email protected] ing economy among Asian countries for the first quarter of 2013. The Na- Graphic Designer—Christine Hensley, [email protected] tional Statistical Coordination Board stated that the country’s GDP grew 7.8% in the quarter, faster Editorial Director—Steve Fiscor, [email protected] than China (7.7%), Indonesia (6%), Thailand (5.3%) and Vietnam (4.9%). Europe—Simon Walker, [email protected] The Philippines has bucked a regional trend of slowing growth amid recession in Europe and North America—Russ Carter, [email protected] a slow recovery in the US. The industry sector, comprising, manufacturing and construction, Latin America—Oscar Martinez, [email protected] grew 10.9%, higher than the 5.3% and 8.9% recorded in the first and last quarter of 2012, how- South Africa—Antonio Ruffini,[email protected] ever the mining and quarrying industry contracted by 17% in the quarter. This needs to be addressed by the government because the archipelago is rich in copper, SALES gold, silver and chromium, and produces more than 10% of the world’s nickel, but minerals Publisher—Lanita Idrus, [email protected] make up only 8% of its exports. It is important that mining play a bigger role to ensure continu- ing GDP growth and projects like Tampakan, should it proceed, could transform the industry as North America—Victor Matteucci, [email protected] it contains massive copper and gold resources. Germany, Austria, Switzerland— Gerd Strasmann Another positive is that the Philippines has been upgraded to investment grade by Standard [email protected] and Poors from BBB- to BB+ and this is expected to cheapen financing of mining development Rest of Europe—Colm Barry, [email protected] projects. Red Mountain Mining’s managing director Jon Dugdale says, “We view the upgrade to Jeff Draycott, [email protected] investment grade, coupled with the intention of the government to fast track mining permit ap- Japan—Masao Ishiguro, [email protected] provals under the Executive Order 79 policy, as very positive developments.” Like many mining companies and industry representative groups, the Chamber of Mines of the Indonesia—Dimas Abdillah, [email protected] Philippines has welcomed the move to lift the moratorium on accepting applications for Explo- ration Permits and Financial or Technical Assistance Agreements. It states, “It is indicative that Mining Media International government has laid the groundwork required under Executive Order 79 to promote the rational 8751 East Hampden Ave, Suite B-1 exploration, development, and utilization of the country’s mineral resources.” Ending the mora- Denver, Colorado 80231, U.S.A. torium, it says, “also shows that government is responding to the mining industry’s call for a Phone: +1 303-283-0640 Fax: +1 303-283-0641 stable policy and investment environment needed by investors.” Flying in the face of this, come plans to pursue legislation that will impose higher taxes on President—Peter Johnson, [email protected] mining players. The high prices of mineral commodities in recent years have made policy mak- Subscriptions: $120/year—Tanna Holzer, ers think available revenues can be captured from the industry. A Technical Working Group on [email protected] Economic Concerns has been floating several options on getting a certain percentage tax on Accounting—Lorraine Mestas, [email protected] gross revenues and a certain tax on net revenues to ensure government gets a higher revenue stream and an equitable share of proceeds from minerals. These intentions may sound fair but The ASIA Miner® is published six times per year by Mining Media the government must ensure there is balance and