March/April 2013 | Volume 10 | Issue 2 | Industry Technical Information | 矿业技术信息
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TAM Cover_Layout 1 2/25/13 11:27 AM Page 1 March/April 2013 | Volume 10 | Issue 2 | Industry Technical Information | 矿业技术信息 Focus on Indonesia • 聚焦印度尼西亚 Australian junior miners • 澳大利亚小型采矿企业 Digital mapping solutions • 数字测绘解决方案 IFC_Layout 1 2/25/13 10:53 AM Page 1 TOC_Layout 1 2/25/13 10:51 AM Page 1 FEATURES Mining success stories In this edition The ASIA Miner begins a new series dealing with mining success stories in the Asia Pacific region with the first instalment examining G-Resources’ Martabe Gold-Silver Proj- ect in North Sumatra, Indonesia. Martabe has become the first major mining operation to start in Indone- sia for 10-15 years .................................................................................................................................8 Australian junior miners Australia’s juniors play a major role in exploration throughout the world, although many are having difficulties raising funds at present to continue their work or develop their projects to the next level. This special feature includes a directory of the Australian juniors operating in Australia and the Asia Pacific. .........................................................................................................................................45 Digital mapping Apart from advantages in the speed of data collection and analysis provided by digital technology, perhaps its greatest benefit is this: even as mine projects become more complex, the tools needed to map them are getting easier to use. ....................................................................................62 LEADING DEVELOPMENTS Asian Intelligence A new survey by Ventyx has identified worker safety and managing capital projects as the highest priorities of today’s mining executives, followed closely by maximizing production effectiveness ......5 Indonesia Kingsrose Mining expects to resume full mining activity in March at its Talang Santo mine, which is part of the Way Linggo Gold Project in southern Sumatra. ................................................................13 Front cover caption: The Martabe Gold-Silver Project Exploration New resource estimates have significantly boosted the gold grades at Red Mountain Mining’s of G-Resources in northern Sumatra is one of the Batangas Gold Project south of Manila in the Philippines. .....................................................................72 major recent success stories in Indonesia as well as the rest of Asia. First gold was poured last July and AROUND THE REGION the impressive processing plant is expected to reach Indonesia Drilling at Reliance Resources’ Tanoyan project on Sulawesi has confirmed the continuity of wide design capacity early in the second quarter of 2013. intervals of gold mineralization.......................................................................................................................14 Martabe is making a real difference to the lives of China New Pacific Metals is acquiring an 80% interest in Silvercorp’s subsidiary Fortress Mining.......................24 people in the region through employment and eco- nomic contribution. See feature article from page 8. Malaysia The final certificate renewal required for the main Bau Goldfield area has been granted ..............28 Mongolia Haranga Resources shortly expects to complete a resource estimate for Selenge Iron Project.......30 Photo G-Resources Central Asia KazaX Minerals has received a new iron ore estimate for its Lomonosovsky project....................32 India NSL Consolidated has received approval for its Karimnagar iron ore project in Andhra Pradesh ........34 DEPARTMENTS Advertisers’ Index ......................................71 Philippines The plant at Nickel Asia’s Taganito project is expected to be complete by year-end ...........36 Calendar of Events ....................................44 Australia RC drilling has started at Proto Resources’ Mt Vetters nickel-gold project in WA ...............................38 From the Editor ............................................2 Papua New Guinea Marengo Mining has re-domiciled to Canada by a Scheme of Arrangement...............41 Product News ............................................68 Vietnam A new export tariff has enhanced the economics of Ban Phuc nickel smelter proposal ...........42 Subscription Form ......................................66 Laos An initial resource has been calculated for PanAust’s LCT gold-copper deposit............................43 Supplier News ............................................71 Antam boosts Gosowong stake.............................17 Galaxy modifies Jiangsu plant..............................25 Didipio production under way ............................. 54 March/April 2013 | ASIA Miner | 1 Editor's Page_Layout 1 2/25/13 10:54 AM Page 2 From The Editor Vital time for Indonesia’s mining industry THERE are some encouraging signs for mining after an uncertain 2012 with commodity prices r ecovering, Chinese gr owth picking up and WWW.ASIAMINER.COM economies in the US and Europe less troubled than previously. If South East Asia’s largest economy, Indonesia, is to gain full benefits of a mining The ASIA Miner® recovery, the remainder of 2013 is a vital time as the country prepares for Suite 9, 880 Canterbury Road, several imminent mining legislative changes. Box Hill, Melbourne,Victoria, 3128 Australia The archipelago is ideally placed to be a major beneficiary of mining in- Phone: +61 3 9899 2981 Mobile: + 61 417 517 863 dustry recovery owing to its abundance of minerals and coal, and its prox- imity to major growth markets, but whether it does is almost entir ely up By John Miller /Editor Editor —John Miller, [email protected] to the government which is implementing a number of major ‘initiatives’ Graphic Designer—Christine Hensley, [email protected] forming part of the 2009 Mining Act. Uncertainty about these changes has already seen foreign Editorial Director—Steve Fiscor, [email protected] investment falter with a number of new pr ojects failing to eventuate and others being delayed Europe—Simon Walker, [email protected] indefinitely owing to lack of funds and problems with licence approvals. North America—Russ Carter, [email protected] The changes of most concern are the regulation banning the export of unprocessed ores by Latin America—Oscar Martinez, [email protected] 2014 as part of the government’s policy of strengthening the country’s upstream mining indus- South Africa—Antonio Ruffini,[email protected] try and the restructuring of mining licences (IUPs) through ‘clean and clear’ verification. While the government’s intentions in banning unprocessed ore exports are understood and ar- SALES guably beneficial for the emerging nation, the time limits imposed appear unreasonable consid- Publisher—Lanita Idrus, [email protected] ering the length of time needed to implement secondary processing, not to mention the costs. With the stopwatch running down it appears highly unlikely that the majority of companies min- North America—Victor Matteucci, [email protected] ing in Indonesia will be able to satisfy the ‘value-adding’ legislation which means ther e is a big Germany, Austria, Switzerland— Gerd Strasmann cloud hanging over the country’s mining industry. [email protected] Many experts are calling on the government to provide companies with incentives to encour- Rest of Europe—Colm Barry, [email protected] age them to add value to the mineral ores they sell in overseas markets. The Indonesian Mining Jeff Draycott, [email protected] Experts Association’s new chairman Achmad Ar dianto says his association fully supports the Japan—Masao Ishiguro, [email protected] mineral processing regulation, however, mining companies might need government support to be able to export processed ores as scheduled. “We understand that the government wants to Indonesia—Dimas Abdillah, [email protected] add value to the downstream sector. At the same time, companies are calling for the repeal of the decree. The government has done the right thing but they should only execute the plan Mining Media International when companies are ready. “The regulation requires companies to build smelters to continue 8751 East Hampden Ave, Suite B-1 shipping ores abroad and it’s going to take time and money to do that. The scheme will hurt Denver, Colorado 80231, U.S.A. companies if the government doesn’t help them,” says Achmad Ardianto. Phone: +1 303-283-0640 Fax: +1 303-283-0641 Another association spokesman, Budi Santoso, says the r egulation does not properly ad- dress the current needs and realities of existing businesses. “The government hasn’t calculated President—Peter Johnson, [email protected] the plan precisely. A company can only build a smelter within eight to nine years after it gets its Subscriptions: $120/year—Tanna Holzer, mining permit, the time of which is allocated for exploring the land, r equesting another permit [email protected] for the smelter and later construct it. Each of these phases needs two to thr ee years to ac- Accounting—Lorraine Mestas, [email protected] complish and the companies might not be ready to implement the regulation by 2014. The gov- ernment needs to either fund the building of smelters or ease the permit-issuing pr ocess, The ASIA Miner® is published six times per year by Mining Media because some companies say that they need around 90 permits to build one smelter.” International. Every endeavour