A new report that was commissioned by the Minerals Council of Australia says that miners will pay close to $23.4 billion in tax to federal and state governments in 2010-11 financial year. Deloitte Access Economics said in the report that the mining industry has paid an average tax of 41.5% from the financial years between 2007-8 to 2009-10.
Australian company Coal of Africa Limited has been granted a license to mine near the Mapungubwe World Heritage site in Limpopo, South Africa. The company signed a deal on Thursday with the department of environmental affairs and South African National Parks (SANParks).
Australian mining companies are increasing their investment in African mines. The Foreign Affairs Minister Kevin Rudd said in a pre-recorded message to more than a thousand delegates at a mining conference in Perth that Australia was committed to sharing its mining experience.
First Reserve and AMCI have sold $390 million worth of shares they owned in Australian coal mining company Whitehaven Coal.
In a massive crackdown on illegal coal mines China shut down 1,289 such mines last year. The nationwide effort was undertaken to cull the illegal production of coal in the country. 86 people have also arrested on criminal charges related to mine safety.
Three out of 26 miners trapped in a flooded mine pit in China were rescued on Saturday. The mine in Northeast China's Heilongjiang province was flooded on Tuesday as 45 miners were working in the pit.
In a small-scale poll the majority of Australian respondents support a ban on coal seam gas (CSG) mining while the study of the impact of the industry on the environment intensifies. 68% of respondents said that a moratorium should be put in to place for coal seam gas mining while the environmental impacts were studied.
EastCoal has completed 90% construction of the wash-plant for the Ukraine-based Verticalnaya mine. The company is expecting to ship the plant from the UK manufacturer in the upcoming month. It is preparing the ground work on site.
Xstrata has run into trouble with its expansion plans of the Wandoan coal mine in southern Queensland. Friend's of the Earth environmental group spokesperson Dr Bradley Smith said that they were opposed to what may end up as the largest coal mine in the southern hemisphere as it would emit 15% of the global emissions and impact the climate change seriously.
Exxaro Resources is the second largest producer of coal in South Africa and the diversified miner wants to increase its share in iron ore as well. As of now the company does not produce iron ore on its own and is evaluating projects in West Africa and Australia where it can take on an interest in a venture to boost its earnings.
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.