The Australian Senate has pushed through into law a 30% tax on iron ore and coal mining companies. The tax will raise A$10.6bn ($11.2bn, £7bn) over three years from major companies including BHP Billiton, Rio …
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Australia passes controversial mining tax into law
India: Iron fists in dubious gloves
The Indian state of Goa has pledged to close down all illegal iron ore mines. That’s welcome news, except that some “legal” outfits – such as Vedanta’s Sesa Goa – have also been accused of …
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Glencore/Xstrata make iron ore a priority
Glencore/Xstrata make iron ore a priority Glencore and Xstrata, set to create a $90 billion mining powerhouse, have put iron ore at the top of their post-merger to-do list, building up the one key commodity …
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Vedanta plans new holding company
Anil Agarwal’s London-listed Vedanta Resources Group is planning to create a new diversified resources giant by merging Sterlite, Sesa Goa, Vedanta Aluminium and even its 60 per cent holding in Cairn India into one umbrella …
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British Beowulf reported again for breach of Swedish Minerals Act
Swedish Saami Council Press Release
11 January 2012
The Saami communities of Sirges and Jåhkågaska have today submitted a complaint to the Swedish Minerals Inspectorate claiming that Beowulf Mining has allegedly conducted unauthorized exploration drilling …
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Sweden: Saami Communities take on foreign miners
An Australian company’s proposal to mine on Saami land in Sweden “would leave 20,000 reindeer without grazing lands, and Saami families and communities without access to their customary lands”. That’s according to a statement issued …
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Kazakhstan’s MPs Toughen Ecology Laws For Miners
Kazakhstan’s parliament has approved a strict ecology bill, in a move expected to make some of the world’s leading metals miners spend more on treating their waste. Ashim told Reuters in an interview in March …
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Vedanta accused of fraud – yet again!
As if the catalogue of violations by Vedanta’s Goan iron mining subsidiary, revealed earlier this month, wasn’t enough, it’s now accused of major fraud. India’s Serious Fraud Office is said to have ordered prosecution of …
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Vedanta guilty of illegal mining, admits political donations
In August 2011, Vedanta’s primary iron ore mining subsidiary, Sesa Goa, was cited in an official report as one of the companies found to have been mining illegally in the state of Karnataka. Now, the …
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Guinea Passes New Mining Code
New legislation promises to maximise revenues and tighten regulation.
Guinea’s new mining code, passed on September 9, promises to maximise the public revenues generated by foreign deposits and impose stricter regulations upon mining companies operating …
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