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Brazilian Government Plans Increase Iron Ore Export Tax 5 Percent
The Brazilian government while studies to increase the possibility of iron ore export tax to 5 percent. But the Brazilian government faced problems with the company’s largest iron ore mining in Brazil, Vale. The Brazilian government criticized the policy of the mining company Vale, as Vale not increase investment in Brazilian country.
Algoma joins ranks of firms foreign owned
First the operators of nickel mine and luxury hotels vanished from Canada’s business landscape, now it is the steel industry’s turn to go, and the quickening pace of head office disappearances is raising concerns that the country is approaching a point of no return.
With Algoma Steel Inc. agreeing yesterday to be bought by India’s Essar [...]
BRAZIL’S NEWEST BOOM TOWN BRINGS QUICK RICHES ALONG WITH CRIME, HEALTH AND ENVIRONMENTAL PROBLEMS
It’s a gold rush in the jungle, driven by the Internet.
Speeding past unbroken walls of foliage, a motorboat packed with gritty prospectors veers toward the shore of the Juma river. Rising up along the steep, muddy banks, a city of black plastic lean-tos appears veiled by greasy smoke.
All around them are newly dug pits, felled [...]
Hard road to extract Pike River coal
THE FLOAT OF New Zealand Oil & Gas’ subsidiary Pike River Coal Ltd next month is set to create the country’s second largest coal exporter and inject up to $30 million a year into the jaded Greymouth economy.
Details of the float, the share allocation and amount sought, can not be revealed because of stock exchange [...]
Morales nationalizes Bolivia natural gas
President Evo Morales signed contracts Sunday giving the government control over foreign energy companies’ operations, completing a process begun May 1 with the nationalization of Bolivia’s petroleum industry.
The deals, signed by the companies last month, also grant Morales’ government a majority share of the foreign companies’ revenues generated in Bolivia. Companies that signed contracts include [...]
CHAVEZ’S ANTI-U.S. FERVOR : Emerging force among nonaligned nations
He pops up almost everywhere — Africa, Asia, the Middle East, South America and this week at the United Nations, denouncing U.S. policy with revolutionary fervor.
Like a recurring bad dream for the Bush administration, Venezuelan President Hugo Chavez is molding himself into one of the world’s most pre-eminent anti-American leaders.
Days before he addressed the United [...]
Bolivia’s nationalization of gas, oil sectors bogged down
More than midway through Bolivia’s schedule to nationalize its energy sector, the government of leftist President Evo Morales is mired in competing foreign and domestic interests and budget problems.
Bolivia’s first indigenous president, Morales moved swiftly after taking office in January to make good on campaign promises to improve social justice in a society long dominated [...]
