Taxation and Government Royalties in Mining: What’s Fair to All?

Apr 21, 2020 2:23:45 PM

What’s fair when it comes to taxes and/or royalties imposed by governments on mining operations? While most can agree that it seems appropriate for the government to tax or require a royalty on public resources, royalty arrangements that make sense for one country might not be suitable for another. As the World Bank noted in its 2006 report on the subject, the geological, political, economic, and social circumstances are unique for each nation.

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Topics: Mining

AMCAST’s Statement on Covid-19 (Coronavirus) Restrictions in Italy

Mar 16, 2020 9:12:23 PM

As you may know, Am Cast’s partner foundry, F.A.R. Fonderie Acciaierie Roiale, is located in Reana del Rojale in the province of Udine, a picturesque city in Northeastern Italy between the Adriatic Sea and the Italian Alps in the Friuli Venezia Giulia region. It’s where Am Cast engineers and produces our revolutionary MNX manganese-steel alloys and other metallurgical innovations.

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Topics: Udine, Coronavirus, F.A.R.

Space Mining Could be Worth Trillions

Jun 7, 2018 12:08:26 PM

Space mining could soon become a reality and will likely yield trillions in mineral wealth. Asteroids lying in the asteroid belt between Jupiter and Mars hold minerals suspected to have a value equivalent to as much as one hundred billion dollars for every person on Earth. The technology needed to land on these asteroids is also quickly evolving. However, according to experts, legal uncertainties regarding ownership of resources found in space could complicate plans for space mining operations.

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Topics: Mining

Canada’s Mining Industry Paves Way to a Lower-Carbon Economy

May 17, 2018 12:21:08 PM

 

With the December 12, 2015 adoption of the Paris Climate Accord by nearly all the world's nations, there is now a concerted effort being made globally to mitigate the production of greenhouse gases (GHG) and to address the problem of climate change by limiting global temperature rise to less than 2° Celsius this century.

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Topics: Mining

U.S. Mining Reforms Are Crucial To Ensure Secure and Reliable Supplies of Critical Minerals

Apr 18, 2018 12:23:05 PM

 

The Presidential Executive Order on a “Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals,” issued on December 20, 2017, was a major step taken to decrease the dependency of the United States on imports of critical materials from foreign countries. During the 1950s, the U.S. depended on foreign imports for eight important minerals. Today, that number has grown to 20 minerals, plus the all-important 17 rare earth elements, most of which are imported to from China.

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Topics: Mining

US Government Opens Millions of Acres in the California Desert to Mining

Apr 5, 2018 10:30:42 AM

 

In an effort to deliver on their promised declaration to “make America great again,” the Trump administration has taken initiatives that they assert will protect national security, guarantee the United States' self-sufficiency and decrease the country's dependence on critical materials sourced from foreign countries. These were the reasons offered for imposing the recent tariffs on steel and aluminum and now, also, the government opening up 1.3 million acres of California's desert land to commercial mining as of March 9, 2018.

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Topics: Mining, Exploration

Tariff Plans Bring Some Steel and Aluminum Makers to Restart Plant Operations

Mar 23, 2018 1:06:19 PM

 

As reported in the March 7, 2018 Wall Street Journal, some steel and aluminum manufacturers in the U.S., including United States Steel Corporation and Century Aluminum Company, are restarting previously idle mills in response to the United States' new 25% tariff on imported steel and 10% tariff on imported aluminum. Century, America's second-largest producer of primary aluminum, announced that it will be restarting a previously idle Kentucky smelter, thereby doubling its current 300 member workforce. U.S. Steel has plans to boost their capacity by restarting their Granite City, Illinois blast furnace, calling back 500 workers who were previously furloughed.

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Topics: Mining, Steel, aluminum, Tariff

A Demand for Batteries has Sparked a Cobalt Frenzy. What Will Happen Next?

Mar 16, 2018 11:48:00 AM

 

Cobalt, a blue-gray metallic element, atomic number 27 on the periodic table of elements, is utilized in a variety of everyday applications such as producing alloys used manufacturing jet engines. It's used in making magnetic steel, in electroplating, and in manufacturing certain types of stainless steel. Radioactive cobalt-60 is used in medicine for treating some cancers.

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Topics: Mining, Artificial Intelligence, Lithium, Exploration, Cobalt

Apple Planning to Buy Cobalt Directly from Miners

Mar 6, 2018 1:36:51 PM

Until recently, cobalt has been somewhat of a sleeper on the commodities market. It was much less in the news than other metals such as gold, silver, and copper, but that's changing. Cobalt is a prime ingredient in the making of lithium-ion batteries, used in the manufacture of mobile phones, with Apple Inc., a leader in the mobile phone industry, being one of the world's largest end users.

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Topics: Mining, Lithium, Cobalt

Mining the Moon: The Next Gold Rush

Feb 21, 2018 11:00:00 AM

 

January 2018 saw three unique Moon phenomena occurring all in one day - a Blue Moon (second full moon within a single calendar month), a Super Moon, which is when the Moon comes closest to the Earth while traveling in its elliptical orbit, and a total lunar eclipse. All three happened on the last day of the month.

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Topics: Mining