Mining Commodity Research Articles

“Watch your tone!”: Forecasting mining industry commodity prices with financial report tone

This paper presents robust evidence indicating that the tone of financial reports from the US mining industry firms can predict certain mining commodity returns. We assess this predictive ability with different tests, including evaluations of mean squared prediction errors, correlations, mean directional accuracy, and trading strategies. We compared our results with several benchmarks proposed in the literature, including the random walk, outperforming most statistically and economically. Our findings are related to the literature on firms' strategic disclosure choices, suggesting that firms may strategically tailor their disclosure decisions to influence investor expectations regarding future performance. Additionally, we conduct a series of placebo tests, revealing significant outcomes: (1) the tone of financial reports from other industries does not exhibit predictive power for mining industry commodity returns, (2) this predictive ability is not overshadowed when controlling for uncertainty measures, such as VIX, OVX, realized volatility and Google Trends commodity price searches, and (3) the tone of the mining industry's financial report does not predict returns for unrelated mining commodities. To our knowledge, our work is the first paper to employ financial report tone through text mining of nearly 60,000 financial reports to forecast commodity returns. Our findings substantially contribute to the commodity forecasting literature, offering valuable insights for portfolio managers and professionals seeking to enhance their forecasting capabilities.

PENERAPAN PIDANA OLEH HAKIM TERHADAP TERDAKWA TINDAK PIDANA PERTAMBANGAN TANPA IZIN DALAM KAWASAN HUTAN

The judge's considerations in applying the crime to the defendant for the criminal act of mining without a permit in a forest area in Decision No.42/Pid.Sus/2020/Pn.Kbr legally fulfill the element of carrying out production to obtain gold which is a metal mineral group mining commodity without a permit, which regulated in Article 158 of Law Number 3 of 2020 concerning Amendments to Law Number 4 of 2009 concerning Mineral and Coal Mining in conjunction with Article 55 paragraph (1) 1st of the Criminal Code. Non-juridically, it is an aggravating situation where the actions of the Defendants can result in environmental damage. In Decision number 167/Pid.Sus/2021/Pn.Kbr legally the Judge's consideration is fulfilling the element of participating in committing a crime, namely acting as a helper whose job is to refuel and clean 1 unit of excavator. Criminal Application by Judges Against Perpetrators of Criminal Acts of Mining Without Permits in Forest Areas in Decision No.42/Pid.Sus/2020/Pn.Kbr namely Convicting criminals with imprisonment for 6 (six) months each and a fine of each Rp. 5,000,000.00 (five million rupiah) with the provision that if it is not paid, it will be replaced with confinement for 5 (five) days. Verdict No. 167/Pid.Sus/2021/Pn. Kbr. decided to participate in mining without a permit.

THE EFFECT OF CORONA PANDEMIC, MINE COMMODITY PRICES AND RUPIAH EXCHANGE RATE ON INDONESIAN SHARIA SHARE PRICES IN THE MINING SECTOR 2020

This study aims to analyze the effect of the corona pandemic, mining commodity prices and the rupiah exchange rate on Indonesian Islamic Share Prices/Indeks Saham Syariah Indonesia (ISSI) in the mining sector in 2020. The corona pandemic is represented by daily active cases that occur in Indonesia, the mining commodities used are coal, oil and gold prices world, and the exchange rate of the rupiah against the dollar. The data used is a cross-sectional type with a sample of 32 companies with an observation duration of 195 days during the 2020 period. The results show that simultaneously the independent variables significantly affect the dependent variable and partially the world coal price, world oil price, gold price. The world and the rupiah exchange rate with the exception of corona have a significant effect on mining stock prices at Indonesian Islamic share prices in 2020. This research proves that the Market anomaly theory is proven to occur in 2020 as a result of the corona pandemic, anomaly in commodity prices and exchange rates on the Indonesia Stock Exchange, especially in the Indonesian Islamic share prices mining sector which proves that the market cannot be accurately predicted if it occurs a sentiment strong enough globally to move investors both in terms of selling or buying shares that previously could not be reflected by the company's stock price.

Global-scale impact analysis of mine tailings dam failures: 1915–2020

Tailings are the waste materials generated from mining activities and are typically stored in large man-made earthen dams in the form of slurry. Failures of such tailings dams can have deleterious effects on the environment and even impact areas that are miles away from the failed dam. In this study, we updated the existing tailings dam failure database developed by the International Commission on Large Dams and World Information Service on Energy and analyzed the impacts of dam failure over the past hundred years from a global perspective. In addition, we prepared a tailings dam spatial database. The impact of mine tailings dam failure on aquatic environments was also investigated using a proxy environmental indicator—the gray water footprint. The resulting information from the historical overview of dam failures, was used to map the risk associated with existing tailings dams as well as the magnitude of tailings dam failures. Furthermore, we integrated mining commodity production data and the tailings dam failure data. This revealed that the number of failures is rising once again, and the trajectory of dam failures has shifted from developed to developing countries. Only a few dam failure incidents have had significant impacts. Although safer technologies are available to manage mine waste, most extractive industries are yet to adopt such technologies into their standard practices. Moreover, the reluctance of mining companies for the public disclosure of information related to tailings dams and dam failures hinders efforts to establish a complete tailings dam database. We have provided up-to-date tailings dam information, which may be useful for extractive industries.

TANGGUNG JAWAB PEMERINTAH DAERAH DALAM PEMBERIAN IZIN PERTAMBANGAN BAHAN GALIAN BATUAN SERTA PENGENDALIAN DAMPAKNYA DI KABUPATEN LOMBOK TIMUR

Mining of rock minerals in the sandstone and gravel type is a mining commodity owned by the people of Lombok East Regency which requires supervision by the local government. Unfortunately, there are still problems in monitoring mining activities of excavated rock materials, which are not in accordance with mining principles. This study aims to determine the role of the local government in the supervision of mining excavated rock materials as well as the factors that influence the existence of the activities in Lombok East Regency. This research uses an empirical legal method, which is a study examining problems according to facts that take place in the field. The results show that the Lombok East Regency Government no longer has the authority to supervise the mining since it has been taken over by the Provincial Government, starting with the issuance of Law No. 23 of 2014 concerning the Regional Government. The factor hampering the mining supervision and licensing process is that it is difficult for miners and mining companies to apply for permits whereas business owners are obliged to obtain mining permits from the Provincial Government. Given the great distance, this has been one of the factors causing many illegal mining activities to occur in Lombok East Regency.

Pengawasan Pemerintah Daerah terhadap Usaha Pertambangan Galian C di Kabupaten Ngada

Mining of rock minerals in the sandstone and gravel type is a mining commodity owned by the people of Naru village which requires supervision by the local government. Unfortunately, there are still problems in monitoring mining activities of excavation C, which are not in accordance with mining principles. This study aims to determine the role of the local government in the supervision of mining excavation C as well as the factors that influence the existence of the C mining activities in Ngada Regency. This research uses an empirical legal method, which is a study examining problems according to facts that take place in the field. The results show that the Ngada Regency Government no longer has the authority to supervise the mining since it has been taken over by the Provincial Government, starting with the issuance of Law No. 23 of 2014 concerning the Regional Government. The factor hampering the mining supervision and licensing process is that it is difficult for miners and mining companies to apply for permits whereas business owners are obliged to obtain mining permits from the Provincial Government. Given the great distance, this has been one of the factors causing many illegal mining activities to occur in Ngad Regency.

Pelaksanaan Izin Pertambangan Rakyat di Sungai Progo

<em>Yogyakarta Special Region is a mining industry area, especially in Bantul district. One of the most popular mining commodities is the sand mining commodity along the Progo watershed. Many of the mining business actors already have permits but also many are illegal. This study aims to determine how mining business actors implement mining permits and the impacts on the surrounding environment and solutions to overcome them. This type of research used in writing this law is empirical legal research. The nature of the research used by the author in writing this law is. The objects of research in writing this law are the DIY Licensing and Investment Service, the DIY Public Works Housing and Energy Department, Mining business actors in the Progo watershed area, and the community around the mining site. Based on the results of research and discussion, the implementation of community mining permits is described into 3 (three) things, namely, the process of issuing permits by the DIY Licensing and Investment Agency, supervision procedures by the Public Works Agency for Housing and Energy and Mineral Resources, and implementation in the field by business actors. mining. The implementation of community mining permits by mining business actors is still not in accordance with the provisions in licensing and has an impact on the surrounding environment, this occurs due to a lack of legal compliance by mining business actors and a lack of supervisory personnel to carry out supervision.</em>

Environmental damage assessment due to traditional mining on local scale in the Wungkal Hills, Yogyakarta-Indonesia

Environmental damage due to mining activities has now become an international issue as its regional and global assessments are widely reported from various mining commodities. Nevertheless, only a few studies have published environmental damage on detailed and local scales. This research was designed to assess the environmental damage induced by traditional mining in the Wungkal Hills, Yogyakarta on these scales by a descriptive exploratory method and quantitative measurement in the field. The mining commodity is clay, which is used as the raw material of bricks and tiles. The observed parameters included abiotic, biotic, and cultural components. The level of damage to abiotic and biotic components due to traditional mining fell into the category of critically damaged. It is attributable to faulty mining procedures that do not incorporate ecological aspects. Changes in landscape, slope, the height of excavation cliff, and the absence of vegetation lead to physical damages by extreme erosion and trigger landslides. Culturally, there was no negative impact on society. Lack of ecological understanding underlays public ignorance of the damage that the traditional mining activities had caused. In the study area, the environmental damages were critical both on detailed and local scales. Reclamation and revegetation based on the agroforestry concept are recommended for the restoration of post-mining land productivity

Organisational alignment of South African mining organisations

Background: South African mining organisations are facing numerous challenges: decreasing commodity prices, policy uncertainty, rising input costs and increasing stakeholder expectations. To successfully address these challenges, each mining organisation needs to respond in a unified, aligned way.Objectives: This study determined the degree of perceived organisational alignment among managers within South-African-based mining organisations and uncovered the key enablers of organisational alignment.Method: Data were collected from 286 managers from a selection of all the major South African mining commodity sectors on their perceptions of the degree of organisational alignment, as well as on the enablers of organisational alignment. Applying structural equation modelling, 5 of the 11 organisational alignment enabling factors indicated a unique influence of practical importance on perceived organisational alignment. Three data-model fit tests confirmed the pattern of variances and covariance in the data.Results: This study not only presented a concept of perceived organisational alignment and associated enabling factors but also provided a wide range of recommendations on how each of the enabling factors can be leveraged in order to improve perceived organisational alignment.Conclusion: Taking a largely sociological perspective of organisational functioning within the South African mining industry’s fast-changing internal and external stakeholder environment, this study contributed to the discipline of strategy planning and execution in general and in particular to the subject area of organisational alignment.

“No cow makes this sort of profit”: Capital, success, and Maasai gemstone traders in Tanzania

Since the early 1990s, Maasai men living in the Simanjiro district of northern Tanzania have worked as middlemen, buying and selling gemstones at Mererani, the only place in the world where the gemstone tanzanite is mined. While some men have struggled to make it, others have been quite lucrative in this booming mineral trade by gaining access to various forms of capital. In addition, regardless of an individual's success, as a group, tanzanite traders are seen by others in their home villages to possess new forms of capital that carry societal value because they map onto current ideas about success and what it means to “be Maasai”. Through an ethnographic exploration of Maasai gemstone traders in northern Tanzania, this article sheds light on an overlooked sector of the mining commodity chain and examines the economic, social, and cultural forms of capital tanzanite traders possess, mobilize, and are perceived to embody. Moreover, it examines the implications for these new forms of capital in terms of social relations and power structures and argues that capital accumulation and livelihood change is expressed through a unique cultural style with important implications for power relations in Maasai households and communities.

HUBUNGAN PAJANAN BISING KONTINYU TROMOL EMAS DENGAN KELUHAN DISPEPSIA PADA MASYARAKAT DESA TATELU

Abstract: Gold is a mining commodity that has a high value. Tatelu’s gold processing is traditionally done with tromol machines that produce high intensity continous noise. Noise is a trigger of stress, which is one of the causes of dyspepsia. This study aimed to find out the relationship between continous noise exposure of the mining tromol and dyspepsia complaints among Tatelu villagers. The study was done by using a cross sectional design. The samples were divided into two groups: the control and the exposed groups. Each group consisted of 20 people. Interviews used structured questionnaires, and dyspepsia diagnostics were based on Rome Consensus III. The characteristics of samples and the prevalence of dyspepsia complaints were assessed using univariate analysis. Chi square was used to assess the relationship between continous noise exposure of the tromols with complaints of dyspepsia. The results showed that in residential areas exposed to noise, 70% of the samples had complaints of dyspepsia, while in the control area there were only 25%. The results of the statistical analysis using the Chi square showed the value x2count (8.12) > x2table (3.84) and the P-value = 0.004 < 0.05 with α < 5%. Conclusion: There was a significant relationship between the continous noise exposure from the gold tromols with the complaints of dyspepsia among Tatelu villagers. Keywords: noise, stress, dyspepsia. Abstrak: Emas merupakan komoditi tambang yang mempunyai nilai tinggi. Pengolahan emas di desa Tatelu dilakukan secara tradisional dengan menggunakan mesin tromol yang menghasilkan bising kontinyu dengan intensitas tinggi. Bising merupakan pemicu terjadinya stres yang merupakan salah satu penyebab terjadinya dispepsia. Penelitian ini bertujuan untuk mengetahui hubungan pajanan bising kontinyu tromol emas terhadap keluhan dispepsia pada masyarakat desa Tatelu. Penelitian ini menggunakan rancangan cross sectional. Sampel terdiri dari 20 orang kelompok kontrol dan 20 orang kelompok terpajan. Penelitian menggunakan teknik wawancara dengan kuesioner terstruktur. Diagnosis dispepsia ditegakkan dengan kriteria Konsensus Roma III. Karakteristik sampel dan prevalensi keluhan dispepsia dinilai dengan analisis univariat. Hubungan antara pajanan bising kontinyu tromol emas dengan keluhan dispepsia dinilai dengan chi square. Hasil penelitian menunjukan pada daerah terpajan bising 70% sampel mengalami dispepsia sedangkan pada daerah kontrol hanya 25%. Hasil analisis statistika dengan menggunakan chi square menunjukan nilai x2hitung (8,12) > x2tabel (3,84) dan nilai P = 0,004 < 0,05 dengan < 5 %. Simpulan: Terdapat hubungan bermakna antara pajanan bising kontinyu tromol emas dengan keluhan dispepsia pada masyarakat Desa Tatelu. Kata kunci: bising, stres, dispepsia.

Identifying the Linkages between Major Mining Commodity Prices and China’S Economic Growth-Implications for Latin America

Major mining commodity prices are inherently volatile and cyclical. High levels of investment in China have been a key driver in the strong world demand for minerals and metals over the past decade. The urbanization and industrialization of China has been an important factor behind the increase in domestic demand and high investment growth, while its export sector is also an important source of growth and plays a critical role as a catalyst. Activity in infrastructure, construction, real estate, and automobile manufacturing all contribute to the strong demand for minerals. Over the next five years, the Chinese demand is expected to remain strong, supported by investment and gradually rising consumption rates. However, in the second part of this decade economic growth in China could slow down. For Latin American countries, export receipts should remain strong over the next five years and beyond, given the continued strong demand from China.

Identifying the Linkages Between Major Mining Commodity Prices and China’s Economic Growth-Implications for Latin America

"Volume 2011 (2011): Issue 086 (Apr 2011): Identifying the Linkages between Major Mining Commodity Prices and China’s Economic Growth—Implications for Latin America" published on 01 Apr 2011 by International Monetary Fund.