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.
TAG Oil has signed a farmout agreement with Apache for potentially expanding and discovering oil and natural gas resources occurring in New Zealand’s East Coast basin.
Concordia Resource has declared that its Meryllion Minerals has got the drill permits from the Directorate of Mines–Province of Jujuy in order to continue the drilling operations at its Providencia silver-copper prospect, which is located in northwest Argentina.
Alta mining, a subsidiary of Fortune Oil & Gas, has inked a binding option agreement due to the receipt of encouraging results from due diligence.
Comstock Mining Inc. said that it wished to restart the gold and silver mining operations at the historic Comstock Lode site in Virginia City. The Comstock cache was discovered in 1859 and helped fund Union efforts in the Civil War and the construction of the city of San Francisco. The company added that they had been awarded the necessary permit from the state environmental regulators for this activity.
AECOM Technology has secured a services contract worth of US$20 million for constructing the US$1.4 billion Ravensworth North mine project, which is located in New South Wales, Australia.
BHP Billiton’s Vice President of Litigation, Mr Damian Lovell welcomed the introduction of the new ACICA Arbitration Rules designed to speed up the resolution of cross border and international commercial disputes.
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.
There will be a rise in the demand for the products and services that are employed in the development of shale gas to $52 billion during 2015, as the industrial activity persists in shooting up in the budding Fayetteville, Marcellus, Haynesville shale plays.
Sundance Energy has secured the licenses to drill at six sites, where two sites are situated at its Muskowekwan First Nation Permit and four locations are present at its Ochapowace First Nation Permit in southeast Saskatchewan.
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