Swan unveils mining tax profit
Federal Treasurer Wayne Swan has revealed revenue from the mining tax (MRRT) totally $126 million over the past two quarters, less than expected, he says, due to a drop in commodity ...
View ArticleChina tops world in wind power hydropower capacity
China's installed capacities for wind power and hydropower have grown to the world's largest, said Liu Zhenya,president of the China Electricity Council (CEC), on Sunday. Liu said at a ...
View ArticleCombined coal stocks at Chinas key Bohai Sea ports inch up to 17.54 m...
Combined coal stocks at China's four major Bohai Sea ports stood at 17.54 million mt on Sunday, up 60,000 mt, or 0.3%, week on week, Qinhuangdao Port data released Monday showed. Coal stocks at ...
View ArticleChile approves Barricks Cerro C...
Environmental authorities in northern Chile Thursday approved plans by Barrick Gold to develop its Cerro Casale copper-gold mine. But the Canadian firm, the world's largest producer of the ...
View ArticleChinese gold imports support yellow metals price
Gold prices gained 6.70 US dollars or 0.4 percent during the last week as the yellow metal's value was supported by Chinese gold imports which rose to a seven-month high in November 2012, said ...
View ArticleU.S. oil company ConocoPhillips to sell Algeria unit for 1.75 billion ...
U.S. energy company ConocoPhillips said on Tuesday that it has entered into an agreement to sell its business in Algeria to Indonesia's state-owned oil and gas company Pertamina for 1.75 billion ...
View ArticleSHFE copper lifted by surprisingly strong trade data
Chinese metal futures held firm last week on surprisingly strong domestic export data as most other commodities fell. The April copper contract on the Shanghai Futures Exchange (SHFE) rose 0.38 ...
View ArticleCNPCs overseas oil gas output remains high
China National Petroleum Corporation (CNPC) said Tuesday that combined oil and gas output in its overseas projects reached 50.35 million tonnes of oil equivalent this year as of December 17. It was ...
View ArticleChinas coal output to top 3.7b tons
China's coal production will reach more than 3.7 billion tons this year despite sagging market demand, an industry chief has predicted. Although coal output, imports and stocks continue to ...
View ArticleBritain announces investment plan for gas electricity network upgradi...
British energy regulator announced on Monday a huge investment plan worth of 24.2 billion pounds (39.2 billion U.S. dollars) to upgrade and renew infrastructure for electricity and gas networks in ...
View ArticleFunds raised to explore Chinas mineral deposits
China set aside 33 billion yuan (5.3 billion U.S. dollars) from central and provincial budgets by the end of 2011 for mine exploration, the natural resources watchdog said Monday. A Ministry of ...
View ArticleTanzania International Mining Firm Appoints Country Manager
IMX Resources, which also owns 25.65 per cent of Uranex, has appointed a former Parastatal Sector Reform Commission (PSRC) official as its country manager stationed in Dar es Salaam. The manager, Mr ...
View ArticleNewcrest Mining Net Down on Gold Output Slump
Newcrest Mining Ltd. (NCM.AU), Australia's biggest gold producer, said first-half profit halved after it produced less of the precious metal than expected in the ...
View ArticleOakeshott wants mining tax changed
INDEPENDENT MP Rob Oakeshott says the federal government needs to reopen talks with the states and crossbench MPs and amend its mining tax ...
View ArticleMining tax takes massive hit raises $126m
THE mining tax, which the Federal Government needs to fund projects worth billions of dollars, raised just $126 million in its first six ...
View ArticleJapan commences rare earth extraction in the Caribbean
Carribean360 reports a ceremony to mark the commencement of the three pilot extraction project was held on Monday, in which Prime Minister Portia Simpson Miller took part. Japanese aluminum miner ...
View ArticleHD Mining extends peace branch to unions in open letter
HD Mining, the Canadian coal miner at the center of controversy relating to the recruitment of foreign workers in lieu of local hires, has requested that unions drop their legal action and engage in ...
View ArticlePRECIOUS-Gold heads for 2nd weekly rise PGMs off 17-month peak
* Spot gold to fall to $1,657-techicals * Coming Up: U.S. CFTC commitment of traders data; 1930 GMT (Updates prices, adds quotes) By Lewa Pardomuan SINGAPORE, Feb 8 (Reuters) - Gold regained its ...
View ArticleAustralia collects $130m mining tax
Australia's revenue collection from its controversial mining tax has fallen well short of initial expectations. The government said it collected A$126m ($130m; 80m) in the six months since it ...
View ArticleSwan should resign over mining tax Hockey
SHADOW treasurer Joe Hockey says the Australian government has been living beyond its means after it was revealed the mining tax had raised only $126 million in its first six ...
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