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India Central Government fixes 8% export duty on iron ore
The central government on Friday night is understood to have fixed an 8 per cent ad valorem duty on the export of iron ore fines, but Goan mine owners don’t see this as a respite.
Recently the Union government had announced export duty of Rs 200 per tonne of iron ore, while retaining 15 per cent [...]
Canada Mining and Industry Trends, Issues and Challenges Facts & Figures 2008
The Mining Association of Canada is the national organization for the Canadian mining industry. Its members account for most of Canada’s production of base and precious metals, uranium, diamonds, metallurgical coal, mined oil sands and industrial minerals and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication.
Facts & Figures 2008 provides details on [...]
Cominco makes $14 billion deal in W.Va. for Coal Mine Industry Expansion
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said July 29 it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a [...]
Teck Cominco, Coal Mine Industry Company, Buyout Fording Canadian Coal Trust
Mining giant Teck Cominco said Tuesday it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a key raw material for certain steel mills.
Coking coal prices have gained [...]
New Investment for Mining Exploration Project in Senegal, ArcelorMittal to Develop Iron Mines in Faleme
Developing mine exploration sector in sinegal hardly less, therefore government sinegal does some efforts that the investors and mine company will do investment on mining exploration in sinegal. This effort not solely for mine exploration, but investment done at mine exploration sector is expected to opens opportunity to get work for public Sinegal. Investment done [...]
Canadian Mining Regulation Slowing Conservation Effort
Environmentalists say Canada’s antiquated mining regulations are slowing conservation efforts and aboriginal land claims by allowing prospectors first dibs on Crown land.
A new report by the International Boreal Conservation Campaign says Canada’s 150-year-old system of free-entry access needs to be replaced.
The campaign is a privately funded initiative supporting boreal forest conservation.
“The free-entry system hearkens back [...]
Mines Exploration Contract : Ecuador Moratorium on Mining and Cancellation of Concessions
All mining activity has been put on hold while stakeholders determine how they are affected. Markets reacted swiftly to the news with share prices of foreign companies operating in Ecuador dropping dramatically.
Ecuador’s constituent assembly has released a mandate in which over 3,000 mining concessions are either cancelled or suspended without compensation or legal recourse for [...]
Mining Exploration in Ecuador Go On Freezes
Ecuador froze all mining exploration in the country on Friday and revoked hundreds of concessions, in a move that will increase the leftist government’s control over natural resources.
The decision by the government-controlled assembly suspends exploration until a new mining law is approved aimed at boosting the state’s share of revenue. It says the law must [...]
Canadian Uranium Mining Exploration Representing The Labrador Inuit Activity
By a narrow 8-7 vote this week, the members of the Nunatsiavut Assembly representing the Labrador Inuit have halted uranium mining activity for three years, sending Canadian junior explorers scrambling.
Nunatsiavut represents Labrador’s 5,000 Inuit, helping to manage a 72,520 square-kilometre land claim settlement in northern Labrador of which 15,800 square kilometers are fully owned by [...]
