BHP Billiton executive Mike Henry has launched a stinging attack on WA Nationals leader Brendon Grylls’ proposed mining tax, warning it is “punitive” and will cause job losses. The warning is contained in a leaked internal email to staff in which Mr Henry, head of the company’s Australian minerals division, said the tax would impact …
BHP Billiton boss warns staff of Brendon Grylls’ mining tax proposal Leer más »
U.S. gold mining major Newmont Mining Corp. said Thursday that it would sell its 48.5% economic interest in PT Newmont Nusa Tenggara, the operator of the open pit Batu Hijau copper and gold mine in Indonesia, to local company PT Amman Mineral Internasional for $1.3 billion. The sale will involve a closing payment of $920 …
Newmont Mining to Sell Indonesian Mine for $1.3 Billion Leer más »
THE state-owned mining firm, the African Exploration Mining and Finance Company, which the African National Congress (ANC) had punted as the answer to the domination of mining by multinational companies, is unable to raise finance to fund operations and lacks the cash to fund expansion itself, its annual financial statements show. In the context of …
THE government has approved the drafting of a new tax regime in mining sector it hopes will help bring investment into the cash-starved sector and plans to overhaul the country’s income tax laws as well, finance minister Patrick Chinamasa said on Monday. Zimbabwe became one of the most expensive countries to mine, with an estimated …
Melbourne: Adani Mining has signed contracts with buyers for selling nearly 70 percent of coal it plans to produce from its USD 16.5 billion Carmichael mine in Australia. Adani Australia CEO Jeyakumar Janakraj said up to 70 percent of the production of coal was taken up by the customers and approval of the onshore dredging …
Adani signs deals to sell 70% of production from Oz mine Leer más »
The Octave Mine was named after eight investors who initially developed it in the late 1890s. It is located along the southwestern base of the Weaver Mountains, about 10 miles east of the Congress Mine. Established at 3,300 feet in elevation was the small town of Octave with a peak population of 3,000 people. The …
The Goa mines ministry will take time until March to clear renewal of iron ore mining leases in the state as every case hereon will be studied from all aspects mentioned in the central empowered committee (CEC), Public Accounts Committee (PAC), Shah Commission report and all other violations of mining laws if any. “Section 37 …
Goa govt to take until March to renew iron ore mining lease Leer más »
A “massive contraction” in the number of universities offering degree courses in mining engineering is putting the UK’s extractive sector at risk, MPs say. The Government has been urged to “get its act together” on support for the mining industry in a report from the Business, Innovation and Skills Committee, which warned of a major …
Action needed to maintain mining skills, says committee Leer más »
An Israeli government panel on Monday proposed sharply raising taxes on mining activities, but it softened the blow by recommending a progressive, rather than flat, rate ranging from 25 to 42 percent. The hike drew the ire of the country’s largest mining firm, potash and speciality chemicals maker Israel Chemicals (ICL) , which has lobbied …
Israel panel proposes 25-42 pct tax hike on mining companies Leer más »
Mining has become a divisive issue, yet it need not be. Efforts to clarify and sharpen the Philippines’ mining policy have generated intense debate among stakeholders, spanning the business community, civil society and the central and local governments. The debate largely centers on increasing the government’s share of the total mining revenues. The government’s proposed …
