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Impact of Various Australian Election Outcomes on Mining Tax
Australian Prime Minister Julia Gillard is likely to call an election on Saturday, broadcaster ABC reported on Friday, in a move that could seal the fate of the Labor government’s proposed mining tax.
The government aims to raise A$10.5 billion from 2012 under the watered-down 30 percent tax agreed by global miners BHP Billiton, Rio Tinto and Xstrata, but the conservative opposition has vowed to dump it.
Opinion polls published in Fairfax and News Ltd newspapers put Labor ahead of the conservative opposition at 52 percent versus 48 percent. For a Reuters poll trend, see:...
Blackrock, Global Mining Investments Prefers Global Recovery Gold, Iron Ore and Copper Markets
BlackRock-managed Global Mining Investments Ltd...
Asian Stocks Decline on China Lending Concern
Asian stocks fell as China’s Industrial Bank Co. predicted slower growth in new lending, while the euro retreated on speculation the...
Chile Earthquake Impact on Copper Mine Production by Standard Bank Analyst
An earthquake in Chile is estimated to affect copper production, because Chile is one country that has a production capacity of copper is large enough. Copper mining company in Chile has signed several contracts for copper production to be in supply to several industrial sectors using copper. To know the effect of an earthquake in Chile for copper production, the following are comments from the analyst at Standard Bank.
Mining Company BHP Billiton Iron Ore Production Highest Recorded
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to...
Steelmaker (Arcelormittal) And Mining Company (BHP Billiton) Discuss Joint Management Of Iron Ore Mines
Iron ore mining company BHP Billiton is the world’s largest company and the world’s largest steel maker ArcelorMittal in talks...
Rio to Reinstate Automated Trains at Australian Iron Ore Mines
Rio Tinto Group, the world’s third- largest mining company, will reinstate a $371 million automated train program at its iron ore operations in Australia as the global economy continues to recover from recession.
“They...
South African Mining Groups Doing Well In South America
South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. Neither of these ever existed, of course, but today the continent produces antimony, bauxite, coal, cobalt, copper, gold, iron-ore, lead, manganese, molybdenum, nickel, phosphates, platinum, silver, tantalum, tin, titanium, tungsten, uranium, zinc and zirconium, plus oil and gas, as well as a wide range of precious and semiprecious stones.