state of play

This article (link below) summarises a recent position paper put together by industry bodies on the progress being made by Aquino, and reforms under Executive Order 79.

IMO, it is 100% correct. There is general and significant relevance to the whole sector. Furthermore, specific aspects are relevant to Red5 because as far as I understand it, the proposed permanent TSF is to be located on an area currently designated MPSA application. All non-granted tenure (and even some granted tenure) hangs in a cloud of uncertainty at the moment.

We just need things to happen to get beyond this stalling period. Even if things are moving slowly and going in the wrong direction, you can at least attempt to steer them. However, complacency (and perhaps nationalisation) appear to be the only MO of this admin.

I welcome Abbot's approach to foreign aid: "we'll help you if you help yourselves". But with the Philippines recording consecutive years of 7%+ growth without input from LEGAL mining, the Pres probably feels pretty comfortable spending hours at the shooting range, masking his sexuality with celebrity dates, and taking leisurely drives in his Porsche.


http://www.miningaustralia.com.au/features/miners-and-business-join-force-in-the-philippines