Metal prices remained high due to supportive supply/demand fundamentals, not only in China and India but also in Russia, Kazakhstan, Brazil and others. Metal use is solidly underpinned by both personal demand when standard of living is increasing and infrastructure investments in several countries, not only China and India. The supply response is slow and it will take years to make up for earlier under-investment. But at the same time it is important to underline that mining is and remains a cyclical business. Governance and transparency remain key concepts for all participants, both new and old, in this process. Positive experiences from countries that have successfully developed, economically and socially, based on natural resources should be systematically transferred to weak governments. The same strict demands on transparency, conduct and operational practices from reporting standards to health and safety routines should be put on all exploration and mining companies in principle regardless of origin or size.