The Labor-held federal Australian government recently presented its much-awaited 2012 budget. And what a mess of potage it turns out to be! According to Rob Burgess of the Business Spectator, the country’s mining sector “currently …
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Australia’s mining reforms have gone distinctly “down under”
Glencore threatens to pull out of countries that want too much
Glencore CEO Ivan Glasenberg told a conference in Switzerland that mining companies will fight resource nationalism by pulling out of countries where they feel demands are too onerous.
See http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=150864&sn=Detail&pid=92730.
Indonesia tries keeping its minerals at home
Indonesia is considering imposing a hefty tax on mineral exports to curb over-exploitation of the country’s resources, as companies scramble to beat a 2014 law requiring ores be upgraded on-shore. It’s a rational follow-up to …
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Taxing Questions have Few Answers
How on earth can taxing carbon emissions save the planet, without a drastic cutback in our reliance on coal? That’s a question which hasn’t yet been addressed by one of the world’s biggest thermal coal …
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Campaigners demand law urging mining companies to open up their books
Campaigners from anti-poverty groups CAFOD, Tearfund and ONE today sent an early Valentine’s Day message to newly appointed minister Norman Lamb by carrying a giant love heart with the message ‘love truth’ to the Department …
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Zambia: mining companies should cough up more!
The Zambian government says it’s no intention of nationalising the mining industry – a position adopted last week by South Africa’s own ruling party. However, Zambia intends to increase its stake in mining companies by …
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Glencore faces questions over controversial DRC mine sales
Moves by unknown shell companies to control lucrative natural resources may have cost Democratic Republic of Congo $1 billion in lost revenue, as UK-listed mining company Glencore comes under pressure to explain deals. See http://www.theecologist.org/News/news_analysis/1235793/glencore_faces_questions_over_controversial_drc_mine_sales.html…
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Glencore faces legal action over pollution caused by Zambian copper
Glencore is facing legal action over pollution caused by its vast and lucrative copper operations in Zambia. Glencore’s Mopani Copper Mines subsidiary has been a thorn in the firm’s side since its £6billion float in …
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Ghana to hike taxes on mining companies
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament recently. The corporate tax rate on miners will increase …
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Australia Passes Landmark Carbon Price Laws
Australia passed landmark laws last week to impose a price on carbon emissions in one of the biggest economic reforms in a decade and injecting new impetus into December’s global climate talks in South Africa.…
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Anglo American may pull investments, jobs
In a move intended to pressure the Australian federal government to revise the proposed carbon tax, global miner Anglo American has threatened to withhold over $15 billion in coal mining investments and curtail 3,200 new …
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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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