Nationalization to bite into miners’ revenues
Indonesia’s new indigenization legislation aimed at foreign mining companies opens another chapter in a resource-nationalization saga amongst developing countries.
Regulatory Issues
It’s high noon for Anglo and Codelco at Los Bronces
Vancouver — A dispute between Anglo American (AAUKY-Q, AAL-L) and Chilean state-owned copper miner Codelco over the Los Bronces copper mine in Chile has devolved into a public spat in the Chilean courts and international press.
Class actions now in session
Vancouver — The numbers are sobering: A $4-billion class action lawsuit against Kinross Gold (K-T, KGC-N), a $1-billion claim against Baffinland Iron Mines, a $250-million claim against Agnico-Eagle Mines (AEM-T, AEM-N), a $66-million…
Inmet keeps wary eye on smouldering Panama policy debate
Toronto-based Inmet Mining (IMN-T) is on the periphery of a pitched battle between Panamanian President Ricardo Martinelli and indigenous groups protesting the government’s aggressive resource-expansion policies.
Editorial: Enviro report echoes feds’ priorities
Proposed changes to Canada’s Environmental Assessment Act could streamline and simplify the environmental approval process, much in-line with pledges already made by the federal Conservative government.
Australia’s imposes 30% mining tax
The Australian Parliament on March 19 passed a bill for a new 30% mining tax on iron ore and coal mine profits in the country, leaving some miners and business groups in a fury.
Nunatsiavut government lifts moratorium on uranium
A measure of certainty mixed with relief has flooded back into the market about uranium exploration in Labrador after the Nunatsiavut government lifted its three-year moratorium on working, producing, mining and developing uranium on lands…
Canadian Environmental Assessment Report echoes government priorities, opposition cries foul
Vancouver — Proposed changes to Canada’s Environmental Assessment Act could streamline and simplify the environmental approval process, much in line with pledges already made by the Conservative government.
Nunatsiavut government lifts moratorium on uranium
A measure of certainty mixed with relief has flooded back into the market about uranium exploration in Labrador after the Nunatsiavut Government lifted its three-year moratorium on the working, production, mining and development of uranium on…
Vale to spend $2B to cut sulphur dioxide emissions in Sudbury
Vale (VALE-N) has approved a $2-billion plan to reduce by 70% the sulphur dioxide emissions from its smelter in Sudbury, Ont.
Commentary: The United States of Withdrawal
Benjamin Franklin wrote that, in this life, nothing is certain but death and taxes. Well, if you are in the business of developing mineral or energy projects in America, there is one more certainty to add to the list: lawsuits!
New Brunswick’s the top spot for mining: Fraser Institute
New Brunswick is viewed as the world’s most attractive jurisdiction for mineral exploration and development, unseating last year’s winner, Alberta, which fell to third place behind Finland, the Fraser Institute has found in its…