• Mining Facts Resources on mining and mining policy

    MiningFacts.org examines the Canadian mining industry’s activities and impacts on the environment, communities and economies in Canada and around the world.

Canadian Miner Prepared to Lose $1.5 Billion Investment

1/23/2015 03:02:29 PM

After 15 years, 7 different CEOs and $US1.5 billion worth of investment, the Canadian-listed Gabriel Resources (TSX: GBU), may be preparing to cut its losses. In a statement released this week, the company reiterated that it will seek international arbitration should an amicable agreement on the Rosia Montana project not be met in the near future. Romania’s lower house rejected the latest mining proposal in September 2013 and discussions have been stagnant ever since.
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Zambia Triples Mining Tax

1/14/2015 04:13:39 PM

The Zambian government has announced that there will be significant changes to the country’s mining royalty regimes as part of their aim to overhaul the country’s tax system. The tax on earnings will increase from 6% to 8% for underground mines, and 6% to 20% for open pit mines.
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India Ends 40 Year State Monopoly

1/9/2015 11:07:01 AM

India’s parliament recently voted to end a 40 year state monopoly on coal mining. The new bill, endorsed by Prime Minister Narendra Modi, now gives private companies the right to mine and sell coal in India, where before they could only mine to fuel their own energy demands.
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