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Ghana Earning Royalties and Corporate Tax From Gold Mining Companies
For centuries, Europeans stripped Ghana of its gold deposits to such an extent that in colonial times it was known as the Gold Coast.
Activist and Mine Workers Demand Africa Mining Tax Reforms
African governments should publish and review all tax subsidies and concessions given to multinational mining firms to boost resources that could be used for fighting poverty, activists said on Wednesday.
Newmont Mining loses $2.06-billion in Q2 2007
Newmont Mining Corp. has released the second quarter financial and operating results, which include a negative $2.12-billion impact of strategic initiatives completed during the second quarter. For the quarter, the company reported a net loss of $2.06-billion $4.57 per share), compared with net income of $161-million (36 cents per share) for the second quarter of [...]
South Africa: AngloGold On the Lookout for Growth Projects
GLOBAL gold producer AngloGold Ashanti was aggressively seeking ways to compensate for its expected production decline at current operations after four to five years, chief operating officer for Africa Neville Nicolau said on Friday.
Speaking during a conference call on the group’s March quarterly results, he said projects under consideration included deepening Moab Khotsong and Mponeng, [...]
Uzbek court declares Newmont gold venture bankrupt
A court in Uzbekistan has declared bankrupt the gold mining joint venture half-owned by U.S.-based Newmont Mining Corp. (NYSE:NEM – news) after seizing $49 million in tax, the company’s defense lawyer said on Monday.
“The court has declared the joint venture bankrupt and given three months for the liquidation of the enterprise,” Alexander Voronin, defense representative [...]
