Posts tagged "tax"

Dutch masters of tax avoidance

A recent report by Publish What You Pay singled out Norway as a favoured European “secrecy jurisdiction” for extractive industry corporates, but the Netherlands isn’t far behind. Schiphol airport is home to AA Holdings Argentina …
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Copper miners in Zambia fearful of ‘King Cobra’

The election of Michael Sata to president of Zambia is not sitting well with copper miners who fear the 73-year-old, known as “King Cobra” for his aggressive style, will pick the pockets of mining companies, …
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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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Glencore’s sorry record of fatalities and fines

The world’s largest commodities trader – and one of the mightiest of miners – has published its first-ever sustainability report, many years after the company was established.

It makes for sober – if not shocking …
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Royalty and rights issues in Latin America

BHP Billiton has settled a royalty dispute with the Colombian government – thus enabling the world’s second biggest mining company to continuing operating its Cerro Matoso nickel mine. (At the same time, fifty five workers …
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Australia’s carbon tax debate ignites

New report demolishes mining industry claims

Australia’s coal mining giants are trying to scare the life out of its citizens over the impacts on jobs and investments from the recently-proposed nationwide carbon tax. The proposal …
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Glencore to declare support for ethical mining to spruce up its image

London-listed commodities trader Glencore will profess its support for a global standard on transparency in natural resources, amid a charm offensive designed to clean up its image.

The Swiss-based company’s transformation into a public company …
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Royalty debates revisit Latin American states

Three Latin American states are the envy of most other country in terms of the potential value of the major minerals that lie beneath their soil – particularly copper, iron ore and gold. Among developing …
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Tanzania in talks with miners to raise gold export taxes

Tanzania’s government is in talks with mining companies to raise royalty payments on gold exports as well as negotiating other possible tax hikes. African Barrick Gold has four gold mines in Tanzania while Australia’s third largest …
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The rise of resource nationalism

Countries from India and Indonesia to Russia are tightening their grip on natural resources as they limit exports to build up domestic industry in a trend that will spawn many challenges to World Trade Organization …
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Australian carbon tax treatment is unfair, claim coal miners

It’s not a particularly radical scheme – and one which will ultimately depend on the dubious marketing of carbon permits in around four years time. However, the Australian government’s plan to cut global greenhouse gas …
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Zambia seeks taxes from mining companies

First Quantum Minerals has agreed to pay Zambia $224-million in tax arrears. The company has also been singled out along with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources, and Glencore‘s local …
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