Production targets should be backed up by competent persons

Market confusion the likely outcome if changes aren’t made regarding the disclosure of production targets says ASIC. According to ASIC’s recent public submission paper responding to issues papers from the ASX and JORC, the reporting of production targets and financial information based solely on Inferred Mineral Resources or exploration targets could lead the market to … Read more

Wiggins Island – something to be celebrated

As a person who spends a large amount of their time dealing with mining infrastructure, the rate of structural reform and progress in the area can be frustrating.  The Wiggins Island port project is however something to be celebrated. It should be celebrated for the hard work and persistence of all of those involved – … Read more

Record Mining Investment set to continue

Mining investment is up 74 percent since last year, and 34 percent in the last six months. Last week the Bureau of Resources and Energy Economics (BREE) published their biannual report on Mining Industry Major Projects – showing the silver (or is that gold?) lining in the face of economic doom and gloom. At the … Read more

Can the mining sector lead diversity?

The resources sector is no different than any other male dominated industry, where attracting and retaining women in non-traditional roles and developing women to senior leadership roles is a difficult challenge. But the need to increase female participation is even more compelling in this sector, where projected labour shortages could impact Australia’s future prosperity. Government … Read more

A new era for investment in the Trans-Pacific region

We are entering an important new phase in the push for the liberalisation of trade in goods and services – one which highlights the importance of the Asia Pacific region as a driver of economic progress and welfare and may finally bring long promised benefits to Australia. At this month’s summit of the APEC leaders … Read more

Disclosing production targets

Controversy surrounds listed mining companies disclosing their production targets with the ASX and JORC unexpectedly deciding to release separate consultation papers on the issue. The production target disclosures debate was highlighted in ‘08 with the Midwest Corporation Limited Takeovers Panel decision and arose again in August ’11 when Tigers Realm Coal Limited reissued its prospectus … Read more

Carbon price passed: Now what?

After many years, 2 Prime Ministers and 3 opposition leaders to name a few, the Federal Parliament passed carbon price legislation yesterday. The price will apply from 1 July 2012 at $23/t Carbon Dioxide equivalent in the first year. Many will be unhappy about this, but our focus must now turn to what do we … Read more

How important is Africa to Australian mining?

Australian mining companies now have more projects in Africa than in any other region outside of Australia. While our mining companies have been part of Africa’s mining industry for years, the last several years have seen a dramatic increase in the level of direct investment into the broader African resources sector. The Chinese are no … Read more