The tax will reduce our competitiveness against producers such as Australia, South Africa and newcomers such as Vietnam. It will add further to our costs after a sharp rise in fuel prices.

Investment in exploration is almost non-existent. Meanwhile, all the discovered deposits will be depleted in time.

When crude oil is above $26 a barrel, it makes economic sense to convert coal.

Producers are going to be supplying more to the domestic market, where demand is surging because three new power plants are starting up this year. Local consumption may reach 35 percent of total output next year compared with 30 percent this year.

We will then determine whether the camp will be back in operation or not.

The third judge and the referee will be from the Philippines. At least they're not from Cambodia, or Vietnam, or some other neighboring country. But I told Carina we probably need to knock her down a couple of times to get the decision. And they'll definitely have the home turf and the weather on their side, too.