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Production And Market Prices Gold Analysis Reports in Global Gold Mining By GIA
Global Industry Analysis (GIA) has reported changes in the prices and gold production in gold mining market. GIA estimates of global gold production will reach 2600 metric tons in 2012. Increased production due to improved gold prices in global markets. But gold-producing companies experiencing some technical obstacles to increase production, the technical problems faced by [...]
Gezhouba Group Applying for Coal Mine Exploration Rights in Xinjiang
Some mining companies of China filed coal mine exploration rights in Xinjiang region. Gezhouba Group is one of the mining companies applying for coal mine exploration rights in Xinjiang region. Gezhouba Group applying for rights to explore for coal mining through subsidiaries, Xinjiang Gezhouba Investment and Development Co.
Application for mines exploration rights consists of 17 [...]
China Worried About Australia’s Mining Tax Regulation on Iron Ore Price
China’s largest importer of iron ore each year, demands for iron ore imports to China are always increasing. The growth of steel production in China is the main factor affecting the increase in demand for iron ore.
China’s steel companies worried about the Australian government’s plan to raise mining taxes for 40 percent of the profits [...]
Fortescue Metals Postpone Plans $ 15bn Investment to Develop Mining Projects in Australian
Plan gains tax increase that will apply to mining companies in Australia to have a fairly hard resistance from a mining company. Fortescue Metals, is one of the mining company will suspend mining investments amounting to $ 15bn. Analysts say the delay will be waiting for the certainty of profit tax law to be applied [...]
SA Gold Mines Could Miss Out on Higher Price
Gold prices hit a new peak above 1245/oz yesterday as investors sought a safe haven from volatile equity and currency markets with concern spreading about contagion from the Greek debt crisis.
While the rally was good news for the global gold mining industry, SA could miss out as a strong rand and rising costs offset the [...]
Real Gold Mining to Acquire Two Gold Mining Companies
China’s Real Gold Mining Limited (Real Gold), an investment holding company, said it would acquire 100 percent equity interest in Great Future and Yuanyi Mining through its subsidiaries.
The Inner Mongolia-based firm said in a statement that it would acquire Great Future by Lita Investment for a consideration of $70 million, which would be satisfied by [...]
Rio Tinto Re-evaluate Capital Plan for New Mining Project in Australia
Rio Tinto Chief Executive criticized the Australian policy plan to raise taxes on the profits of mining companies. This situation makes Rio Tinto will reevaluate plan new capital for mining projects development in Australia.
Mining company Rio Tinto postpones plans iron ore business merger with BHP Billiton, because iron ore mining projects being developed in Australia. [...]
BHP Billiton Hopes Mining Tax Regulation Unaffected Merger Iron Ore Mining Operations in Australia
Executive Director BHP Billiton, Marius Kloppers expects the new policy of Australian government to raise mining taxes not affect merger iron ore mining operation between BHP Billiton and Rio Tinto in Western Australia. Both mining companies are very enthusiastic to pursue the planned joint venture.
“I think Rio and ourselves are very, very committed to the [...]
Australian Government Plans to Increase Taxes on Profits of Mining Companies
The Australian government plans to increase taxes on the profits a company engaged in the resources sector, particularly companies engaged in mining exploration sector. Planned tax increase amounted to 40 percent on corporate profits. This tax increase plan will begin in 2012.
The factors that pushed the tax increase is the high growth of national income [...]
