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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.
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 [...]
Experts: Rockies natural gas faces hurdles to market
Natural gas from western Colorado’s Piceance Basin sells for less than gas from other areas does because of a lack of pipeline capacity, according to a new state report.
That means less money flowing into the state treasury, according to a study by the Colorado Energy Research Institute at the Colorado School of Mines in Golden.
Royalty [...]
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, [...]
Hit on North’s crown jewels
Mae West once said, “I have always felt a gift diamond shines so much better than one you buy for yourself,” but the gift finance minister Greg Sorbara delivered in his budget gleams about as bright as a cubic zirconium.
His diamond mine tax that increases the royalty rate from five per cent to 13 per [...]
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Tanzania: Outrage Over U.S. Firm’s Exorbitant Fees
A wave of indignation is sweeping through the newly elected government at the revelation that the technocrats who negotiated Tanzania’s current agreements with multinational mining companies committed the country to lopsided contracts that granted the former generous advantages at the expense of the national interest.
Although the contribution of the mining companies to the Tanzanian economy [...]
