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Comprehensive site
for mining industry
covering exploration,
projects, education,
technology,
joint ventures,
countries,
research,
news and environment
world wide
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EVERYTHINGMINING
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USA -
Idaho Cobalt Project-
Blueprint for the future
This could be the blueprint for the future. The concerns of the
environmental groups on eco restoration and Company's on engaging long
legal tangles and operational interruptions were discussed objectively
by sitting together. The agreement showed both as willing partners with
a common concern. While the Company came forward for legal and financial
binding for water monitoring and treatment not only during the
life-cycle of the mine but perpetually thereafter with an annual binding
financial commitment, the environmental group on their part assured help
in avoiding costly legal battles and willingness to work together for
the benefits of a common cause.
23082008 |
INDIA/ORISSA -
Supreme Court clears mining projects
In a recent move, the Supreme Court cleared the mining projects of
Vedanta and Poscoe in the hills of Orissa.
These hills
are considered to be the "most bio diversity hot spots of the
Eastern Ghats" by
environment protection Group and the villagers consider these as
sacred. The
villagers consider any amount of compensation "worthless" and are
moving to use their
legal protection provided by the "Forest Rights Acts". Their efforts
got a boost from the recent visit of a
Congress Leader..
CANADA -
Lakes for tailing ponds
The reclassification of the Second Portage Lake for the Doris North
Project and the Baker Lake for the Meadowbank Project as tailing ponds
in the Canada Gazette brings to focus the need for awareness of the
local residents who feel the need to be educated by expert, professional
and unbiased information. There is a provision that a "habitat
compensation plan" provided by the mining companies is in place.
11082008 |
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GUINEA- Simandou
iron ore mine
Rio Tinto plc views with optimism about the Simandow iron ore
project since the mine site confirmed full compliance with the
country's Mining Code.
TASMANIA- Boost to mineral exploration
http://www.media.tas.gov.au/release.php?id=23973
Detection of chemical elements, a vital clog in the mineral exploration
and rock sample analysis is likely to be more precise and efficient with
the addition of X-ray fluorescent spectrophotometer like in TasExplore
project.
Related:
TasExplore project
Infrastructure, Energy and Resources
X-ray fluorescent spectrophotometer
update on Simandou from Rio Tinto TANZANIA-Tax
regime, incentives and exemptions for mining
The panel appointed for reviewing the mining activities had suggested
increasing the taxes and reviewing the incentives in place. These
recommendations are statutory and need to be approved by parliament. The
budget
however included a 0.3 per cent Alternative Minimum Tax (AMT) of the
turnover for Corporate reporting losses for three years consecutively a
move that is considered an incentive to the growing mining industry.
17062008 |
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