Extractive industries policy and administration

Extractive industries licensing and payments

Nickel market roiled by supply outlooks in Indonesia, Philippines

The nickel market has been undergoing wild swings this year, pummeled by Indonesia’s move to relax an export ban but later buoyed by expectations of a supply decrease from the Philippines. The Philippines said last Thursday that it will close mines responsible for roughly half of the ...

Sand stats ‘correct’: government

At a government-organised forum on sand exports on January 24, a Ministry of Mines and Energy official said an investigation had been carried out into huge discrepancies in data on sand export from Cambodia to Singapore but that the probe found no irregularities. UN data ...

S'pore has strict criteria for sand imports, says Govt, as controversy over Cambodian imports brews

The Republic stopped importing sand from Cambodia after a ban took effect in November last year, said the Ministry of National Development as the issue of sand imports once again takes the spotlight. Responding to media queries, the MND also stressed that Singapore sets strict criteria ...

Lifting US jade sanctions ‘a mistake’: Myanmar minister

The minister in charge of mining in Myanmar’s conflict-ridden state of Kachin says it was a mistake for the United States to lift sanctions on the country’s notorious jade industry. Kachin lies at the heart of the “jade tract”, a small area that has deposits ...

Lessons from the $2 billion coal mining lawsuit against Indonesia

Indonesia cannot be held liable for $2 billion in compensation sought by Churchill Mining for the revocation of a coal-mining concession, the World Bank’s International Centre for Settlement of Investment Disputes ruled in a Dec. 6 verdict. The tribunal determined that Churchill’s claim to the ...

Shut gold mine shows investors risks of Thai junta rule

When Thailand’s junta leader-turned-prime minister used his absolute power to suspend gold mining, causing an Australian miner’s shares to plummet 19% in a single day, he complicated efforts to attract foreign investors already spooked by military rule. Prime Minister Prayut Chan-o-cha announced the order last ...

Gold mine ban ‘not final’

Experts believe junta order allows room for amendment later; Akara Resources says 1,000 workers will lose jobs. Environmental experts believe that the junta’s order on Tuesday to suspend gold mining operations is not final and there is room to reverse the decision or amend the ...

Mixed feelings toward dredging-fuelled fund

Minister of Mines and Energy Suy Sem on December 6 announced in Koh Kong province the creation of a community fund of nearly $40,000 for Koh Sralao village, according to a ministry official, who said the funds came from a 2-cent-per-cubic-metre levy imposed on sand dredgers ...

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