Prime Minister Kevin Rudd’s proposed ‘super tax’ on miners has certainly got the companies raging. Like rich celebrities in a UK election, they are threatening to leave the country if they are over-taxed. Shares of …
Read more
Australian mining ‘super tax’ has miners running
Sierra Leone Agreement with UK miner is “illegal”
NGOs slam concessions granted to London Mining plc
Peoples’ organisations in Sierra Leone are up in arms about unacceptable, allegedly illegal concessions, conferred on a UK mining company. They say it threatens to derail the …
Read more
BHP confident JV with Rio will go ahead this year
Global miner BHP Billiton said it expects to finalise its iron ore joint venture with Rio Tinto this year and took a swipe at a plan being considered by Australia to hike taxes on miners. …
Read more
London Mining plc condemned in Sierra Leone
NB There is no connection between London Mining plc and London Mining Network!
National Advocacy Coalition on the Extractives (NACE), Sierra Leone
MEDIA RELEASE
Freetown, 4 March 2010
Dangerous draft mining contract about to be …
Read more
Robbing Africans
An African faith coalition publishes a detailed examination of the ways in which citizens are defrauded of mining profits. The document refers particularly to AngloGold Ashanti, which has a subsidiary listing on the London …
Read more
Mining companies reject windfall tax
MINING companies have vehemently opposed the reintroduction of a windfall mining tax in Zambia despite the current boom in international copper prices, warning that raising taxation could plant uncertainty in future investments in the sector. …
Read more
Peru: Mining Companies Making a Mint, Tax Free
Experts and activists in Peru complain that while mining corporations are cashing in on soaring metals prices, they continue to enjoy exemption from royalties and corporate taxes, if they reinvest their profits. Legal stability contracts …
Read more
Zambian copper output to rise in 2010
Copper output is rising in Zambia again, but whether that will benefit the country or its people is a moot question. To quote the independent economic analyst in this article: “Agreements with the mines should …
Read more
BHP and Rio Tinto face new hurdles over world’s biggest mining merger
Earlier this year, two of the world’s three leading iron ore producers inked a deal to create what (by market capitalisation) would be the globe’s largest mining venture. BHP Billiton and Rio Tinto are still …
Read more
Tanzania Mining Industry: Revenues, Resentment and Overregulation?
Tanzania’s young mining industry has grown at an astounding rate since liberal mining legislation was introduced in the late 1990s to attract investment. But against the background of tense relations between mining companies and locals, …
Read more