Global Mine Bulletin, December 2010

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Welcome to the December edition of Global Mine Bulletin for 2010. As we close out the calendar year, there is a much brighter economic outlook for the global mining industry versus a year ago. This has been highlighted in two of PwC’s flagship mining publications -- Junior Mine (Canada) and Aussie Mine (Australia). We discuss the findings of these publications in more depth and the cases made for optimism, particularly with Junior and mid-tier miners.

A return to growth has also seen a shift of focus to more non-traditional mining locations. A great example of this has been the increased interest in Africa. Our case study for this edition focuses on Tanzania, one of the most mineral-rich countries in East Africa.

A rise in demand, from the developing world in particular, has made performance improvement and cost savings key challenges within the industry. See our article on sustainable cost reduction for more information, which outlines practical solutions for mining organisations to address cost pressures.

Miners are also grappling with a political landscape that has become more intertwined with operations, resulting in a direct hit to bottom lines. Taxation has become an issue at the forefront of CEO’s minds. Lastly, we outline some the latest news on the Australian Mineral Resource Rent Tax (MRRT) including a focus on exploration incentives that are currently under consideration with the Policy Transition Group (PTG).