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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EIB halts Glencore lending on governance concerns
The European Investment Bank (EIB) has frozen all new loans to Glencore and its subsidiaries, citing “serious concerns” over the group’s corporate governance. The allegations center on claims that the world’s largest metals commodities’ trader …
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MEPs call for moratorium on public financing of mining projects
In an open letter addressed to the EU president, the EU presidency and the European commission, 50 MEPs from 4 different political parties (S&D, Greens, Gue/Nordic Left and ALDE) call for “a moratorium on EU …
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Greedy Glencore does not plan to change its ways
Private trader Glencore is to list in London this month
Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore
News that the London Stock Exchange is on …
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Act now on company openness
Zambia’s people are blessed with copper. Yet with one doctor per 10,000 people and life expectancy a mere 47 years, who’s benefitting from the wealth beneath their feet? As with countless countries around the world …
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Glencore is accused of tax evasion in Zambia but goes for London Launch
Last week Switzerland-based Glencore – the world’s biggest minerals trader – announced it would seek a listing on the London and Hong Kong Stock exchanges in mid-May.
Amid the issues being raised about the firm’s …
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India’s “Corporate Socialism” enjoys a tax orgy: De Beers, Rio Tinto, BHP, benefit from robbing the poor
The government of the world’s poorest state (by aggregated numbers of impoverished people) has been accused of granting tax concessions to corporate enterprises amounting to 2. 4 billion rupees – around US$ 48 million – …
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Rio, Woodside Urge Australia government To Modify Carbon Tax
Two of Australia’s biggest natural resources firms criticized the government’s plan to put a fixed price on carbon emissions, saying that without significant changes, the scheme could be potentially disastrous for Australian businesses. Global miner …
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