Gold Mining

PACIFIC ISLAND FORUM

PACIFIC ISLAND FORUM

Presented by:Presented by:Manjeet KaurManjeet Kaur

Monika ChauhanMonika ChauhanVandana TomarVandana Tomar

Vivek JaiswalVivek JaiswalLokesh kumarLokesh kumar

Presented to:Presented to:Prof. Vinita SrivastavaProf. Vinita Srivastava

About PACIFIC ISLAND FORUMAbout PACIFIC ISLAND FORUM The Pacific Islands Forum was founded in 1971 as the South Pacific

Forum. In 2000, the name was changed to the Pacific Islands Forum to better reflect the geographic location of its members in the north and south Pacific.

The Pacific Islands Forum is a political grouping of 16 independent and self-governing states. Members include Australia, Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Nauru, New Zealand, Niue, Palau, Papua New Guinea, Republic of Marshal Islands, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.

The annual Forum meetings are chaired by the Head of Government of the Host Country (currently Cook Islands), who remains as Forum Chair until the next meeting.

MISSION OF PACIFIC ISLAND FORUMMISSION OF PACIFIC ISLAND FORUM

The mission of Pacific Islands Forum is “to work in support of Forum member governments, to enhance the economic and social well-being of the people of the South Pacific by fostering cooperation between governments and between international agencies, and by representing the interests of Forum members in ways agreed by the Forum”.

MEMBER COUNTRIESMEMBER COUNTRIES

Australia

Capital: Canberra Area: 2,970,000 sq miles (7,692,000 km²) Population: 22,620,600 (2011) World Bank Language: English

Government: Federation, Constitutional monarchy, Parliamentary systemCurrency: Australian Dollar Economy: Agriculture, mining, manufacturing, services and

tourism

Cook Island

Capital: AvaruaArea: 1.8 million sq. kmPopulation: 10,900 (2011) Language: Cook Islands Maori, English Currency: New Zealand Dollar, Cook Islands coins Economy: Agriculture, black pearls, offshore banking and tourism

Micronesia

Capital: Pohnpei Area: 1,229.95 square miles (3,185.6 km2) Population: 112,000 (2003 est.) Language: English, Micronesian languages Currency: United States Dollar Economy: Agriculture and fisheries

Fiji

Capital: Suva Area: 18,272 sq km Population: 868,406 (2011) World BankLanguage: English, Fijian, Hindi

Government: Parliamentary republic, Military dictatorshipCurrency: Fiji Dollar Economy: Agriculture, clothing, fisheries, forestry, tourism and sugar

Kiribati

Capital: South Tarawa Area: 3.6 million sq km Population: 101,093 (2011) World BankLanguage: English, Kiribati

Government: Parliamentary republicCurrency: Australian Dollar Economy: Copra, fisheries and seaweed

Nauru

Capital: Yaren Land: 320,000 sq kmPopulation: 9,322 (2010) Language: English, Nauruan

Government: Republic, Non-partisan democracyCurrency: Australian Dollar Economy: Phosphate

New Zealand

Capital: Wellington Area: 2.2 million sq km Population: 4,405,200 (2011) World BankLanguage: English, Maori Currency: New Zealand Dollar

Government: Parliamentary system, Constitutional monarchy, Unitary stateEconomy: Agriculture, forestry, services, manufacturing and tourism

Niue

Capital: Alofi Area: 390,000 sq km Population: 1,398 (2009) Language: English, Niuean Currency: New Zealand Dollar

Government: Non-partisan democracy, Constitutional monarchyEconomy: Agriculture, banking, telecommunications and tourism

Palau

Capital: MelekeokArea: 600,900 sq km Population: 19,907 (2005) Language: English, Palauan Currency: United States Dollar

Government: Presidential system, Representative democracy, Unitary state, Non-partisan democracy, RepublicEconomy: Fisheries and tourism

Papua New Guinea

Capital: Port Moresby Area: 462,000 sq km Population: 7,013,829 (2011) World BankLanguage: English, Tok Pisin, Hiri Motu, local languages Currency: Kina

Government: Parliamentary system, Unitary state, Constitutional monarchyEconomy: Agriculture, fisheries, forestry and mining

Republic of Marshall Islands

Capital: Majuro Area: 2.1 million sq km Population: 54,816 (2011) World BankLanguage: English, Marshallese Currency: United States Dollar

Government: Presidential system, Representative democracy, Unitary state, RepublicEconomy: Agriculture and US Military spending

Samoa

Capital: Apia Area: 120,000 sq km Population: 183,874 (2011) World Bank Language: English, Samoan Currency: Samoan Tala

Government: Dominant-party system, Parliamentary republic,Parliamentary system, Unitary stateEconomy: Agriculture, fisheries, manufacturing and tourism

Solomon Islands

Capital: Honiara Land: 28,000 sq km EEZ: 1.6 million sq km Population: 552,267 (2011) World BankLanguage: English, Pijin, local languages Currency: Solomon Islands Dollar

Government: Constitutional monarchy, Parliamentary system,Monarchy, Unitary stateEconomy: Agriculture, fisheries and forestry

Tonga

Capital: Nuku’alofa Land: 688 sq km EEZ: 700,000 sq km Population: 104,509 (2011)Language: English, Tongan Currency: Pa’anga

Government: Constitutional monarchy, Parliamentary system,Democracy, MonarchyEconomy: Agriculture

Tuvalu

Capital: Funafuti Land: 26 sq km EEZ: 757,000 sq km Population: 9,847 (2011) World Bank Language: English, Tuvaluan Currency: Australian Dollar

Government: Parliamentary system, Representative democracy, Non-partisan democracy, Constitutional monarchyEconomy: Agriculture, fisheries and philatelic sales

Vanuatu

Capital: Port Villa Land: 12,190 sq km EEZ: 680,000 sq km Population: 245,619 (2011) World BankLanguage: Bislama, English, French, local languages Currency: Vatu

Government: Republic, Parliamentary republic, Unitary stateEconomy: Agriculture, fisheries and tourism

Overview On Gold Mining Sector in Overview On Gold Mining Sector in AustraliaAustralia

Mining in Australia is a significant primary industry and contributor to the Australian economy.

In 1851, gold was found near Ophir, New South Wales. Weeks later, gold was found in the newly established colony of Victoria. By the middle of the 1850s, 40% of the world's gold was produced in Australia.

Major Gold mining locations in Western Australia.“Linter, laver ton, Sandstone , Coolgardie, Boddington”

PEST ANALYSIS

GOLD MINING SECTOR AUSTRALIA

Political environmentPolitical environment

Government imposes royalty just to mine the gold.

Many policies of the Government always try to control both supply and price of the gold by hoarding or dishoarding the gold.

First of all, government pursues the policy of hoarding gold in order to encourage miners to mine new gold. And when the demand for gold pushes the prices, the government dishoards it to keep the price down.

Recently Govt. Relaxed their norms for the foreign Mining companies.

Economical environmentEconomical environment

Economy has even greater impact on the gold prices than any policies by government. Economic condition can easily override any control by government to keep the gold price in check.

Gold prices have inverse relation with the economy. Almost Every recession period had affected positively on gold price.

Social environmentSocial environment

Social factors can be said as main driving factor for the popularity of the gold jewelry demand depends upon many social factors like season, special occasions and cultural values.

Now people start liking gold embroidery. Decorative ingredient.

Technological factorTechnological factor

Dental sector Gold is highly conductive to electricity, and

has been used for electrical wiring in some high-energy applications.

Gold is used as the reflective layer on some high-end CDs.

Automobiles may use gold for heat shielding. McLaren uses gold foil in the engine compartment of its F1 model.

WORLD’S TOP GOLD MINING Ltd.WORLD’S TOP GOLD MINING Ltd.

LEADING GOLD MINING CORPORATION OF

AUSTRALIA

Newcrest is one of the world’s top five gold mining companies by reserves and market capitalisation and has a global workforce exceeding 19,000.

Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation.

SWOT ANALYSIS

GOLD MINING SECTOR AUSTRALIA

StrengthStrength Strong market condition. Global assets. Robust financial position.“According to the Greens, the inclusion of gold

in the mining tax would generate at least $1.8 billion in revenue over 10 years.”

Immigration start when Gold rushes found in Australia.

WeaknessWeakness Weak performance in certain geographical

area.“Meekatharra , Peak Hill , Mount Magnet,

Yalgoo.Bluebird Gold Mine, Burnakura Gold Mine,

Fortnum Gold Mine ,Minjar Gold Mine”

OpportunitiesOpportunities Western Australian mines boost country's gold

production. Rajesh Exports explores gold mining in

Australia. Huge new Australian gold mine gets green

light. Got new Boddington project.

ThreatsThreats

Costs the big challenge for W. Australian gold mining.

Mongolian mining ventures. Safeguards against silicosis in mining. Resolute Mining chief Peter Sullivan unfazed

by gold weakness.

SOURCESSOURCES

http://www.forumsec.org/ http://www.worldbank.org/ http://www.imf.org/external/index.htm http://www.mining-technology.com/features/

feature130267/feature130267-1.html