No changes to mining tax design PM
The federal government has no plans to change the design of its mining tax, Prime Minister Julia Gillard says.She was asked by opposition MPs in parliamentary question time on Tuesday to comment on ...
View ArticleComment Mining tax design responsible for revenue shortfall
Why hasn't the minerals resources rent tax (MRRT) produced significant revenue? The answer lies in a combination of basic features of the MRRT design, and the recent fluctuation in prices of ...
View ArticleMetals X increases tin reserve at Renison
(MENAFN - ProactiveInvestors - Australia) Metals X (ASX: MLX), Australia's largest tin producer, has delivered a 20% increase in the tin Ore Reserves at its world class Renison Mine, located on ...
View ArticleKaroon Gas continues Brazilian oil and gas drilling
(MENAFN - ProactiveInvestors - Australia) Karoon Gas (ASX: KAR) has spudded its second exploration well in the offshore Santos Basin, Brazil, where the first well appears to have the potential to ...
View ArticleAustralian mining tax debacle intensifies pressure for deep budget cuts
Corporate and media demands on the Labor government, and the Liberal-National opposition, for "structural" cuts to social spending have intensified following Treasurer Wayne Swan's ...
View ArticleNorth Korea tests third nuclear device
Seismic activity detected Tuesday in a region where North Korea has already conducted two nuclear tests appears to be a third one, officials say. The U.S. Geological Survey said the activity ...
View ArticleAustralia mining profits tax working - Russell
Reuters market analyst Clyde Russell says the controversial mining tax is in fact working as it is supposed to despite calls by some Australian politicians to either tighten it or have it ...
View ArticleLabor at odds over future of mining tax
A debate over the future shape of the mining tax has Labor figures at odds and the opposition accusing the government of creating investment ...
View ArticleCombined coal stocks held by six Chinese power generators down 3.2 on...
Combined coal stocks held by China's six major power generation companies, in eastern and southern China, averaged 14.653 million mt/day in the week ended Tuesday, down 3.2% from the previous ...
View ArticleASIA FERROSILICON China price rises on tight supply domestic demand
The spot price of 75%-Si ferrosilicon rose to $1,390-1,410/mt FOB China on Thursday, up from $1,380-1,400/mt a week ago, on tight supply and strong demand. But the spot price of 75%-Si ferrosilicon ...
View ArticleMiddle Eastern countries gold reserves not affected by inflation hedge worries
However, with the local currencies pegged firmly to the greenback, but remaining unchanged despite its swings through the years, the need of large deposits into gold does not look pressuring the ...
View ArticleMetals Stocks Gold cuts losses after North Korea test reports
MADRID (MarketWatch) -- Gold futures lost ground in early European trading on Tuesday but came off early lows from Asian hours after reports that North Korea conducted a nuclear-weapons test lifted ...
View ArticleDynacast International Announces New Service Offering
Feb. 12, 2013 /CNW/ - Dynacast International, a global die casting manufacturer, announced today that they are adding metal injection molding (MIM) to their service offerings. The addition of MIM as ...
View ArticleNT minister ensures gas supply to keep Rio’s Gove refinery open
has given mining major Rio Tinto incentive to continue operating its embattled Gove alumina refinery, by agreeing to release enough gas to keep the refinery open for the next ten years. Mills said ...
View ArticleEquus sells off non-core assets
PERTH (miningweekly.com) – ASX-listed junior Equus Mining would sell off its 90% interest in subsidiary Leo Shield Exploration Ghana for some $600 000 as part of its efforts in selling off ...
View ArticleNRW wins A$140m Cloudbreak contract
PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has awarded a A$140-million contract to project house NRW Holdings for drilling services at the Cloudbreak mine, in Western Australia. ...
View ArticleVentnor adds resource at ThandunaGreen Dragon
PERTH (miningweekly.com) - Explorer Ventnor Resources has reported a 40% increase in its copper resource at the Thanduna/Green Dragon project, in Western Australia. The project has an estimated ...
View ArticleRNI draws down first A$10m of funding
PERTH (miningweekly.com) - Emerging gold miner Resource and Investment NL (RNI) has finalised a A$15-million facility with Taurus Resources No 2 Fund, to fund the restart of production at its ...
View ArticleApex to sell Youanmi for A$15m
PERTH (miningweekly.com) – Gold miner Apex Minerals has signed a memorandum of understanding (MoU) to sell its Youanmi gold project, in Western Australia, for A$15-million. As part of the ...
View ArticleKingsrose secures A$15m funding to expedite Talang Santo development
PERTH (miningweekly.com) – Indonesian gold miner Kingsrose Mining has secured a A$15-million funding facility from Credit Suisse to expedite mine development of its Talang Santo project, once ...
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