India’s ministry of mines ministry is considering a proposal to exclude royalty and other levies from the average sale price (ASP) of non-coal minerals such as iron ore, limestone and bauxite to encourage investments in the sector. The idea is to avoid cascading of taxes, that is levy of tax on tax. Royalty is currently […]
“There’s going to be a new world order out there, and we’ve got to lead it,” US President Joe Biden said after Russia’s war in Ukraine upended global geopolitics. Far from Earth, that transition is already happening. The lack of cooperation between the US and China on space exploration is particularly dangerous in an era where the cosmos is […]
A new investment partnership with India is set to unlock mutual benefits for both countries from Australia’s world-leading critical minerals sector. Minister for Resources and Water Keith Pitt said the government has allocated $5.8 million to the three-year Australia-India Critical Minerals Investment Partnership. “Australia and India are natural partners sharing mutual strategic and economic priorities […]
China’s embassy in Afghanistan warned its companies and citizens not to “blindly” visit the country to inspect mineral resources, after reports of foreigners being detained without exploration permits. Afghanistan’s Ministry of Mines and Petroleum has “extremely strict” standards for issuing permits for prospecting for minerals, the embassy said, adding that companies and individuals that do […]
Coal and Mines Minister Pralhad Joshi said the government might come out with some more reforms in the mining sector “very shortly”. Joshi said that several amendments have been made in rules concerning the mining sector and the mines ministry will continue to bring reforms further as per the demand of the industry. “Very shortly, […]
Australia’s resources and energy exports continue to surge, latest trade data confirmed, despite the challenges of the past 12 months, Minister for Resources and Water Keith Pitt recently said, pointing to the latest data from the Australian Bureau of Statistics’ International Trade in Goods and Services data for October 2021. “These latest figures confirm again […]
Saudi Arabia is a mining country in the making. The country has taken many transformational steps to make investing in mining more attractive than ever before, said His Excellency Khalid Al-Mudaifer, Vice-Minister of Mining Affairs for the Saudi Ministry of Industry and Mineral Resources Duriing Mines and Money Online Connect. The Arabian Shield is estimated […]
As the Taliban seize control of Afghanistan, they have inherited vast resources of precious metals. These are resources that are of huge interest to countries like China. According to a US geological survey report, the value of Afghanistan’s mineral resources would run up to $1 trillion. The Afghan government meanwhile pegs the value at as […]
The government has identified 160 coal mining assets worth an estimated at Rs 28,747 crore for monetisation over four years till FY25. “The Ministry has identified more than 160 projects for private-sector participation towards improving efficiency as well as scaling up production. The projects are expected to be implemented over the next 2-3 years,” according […]
Returning to power in Afghanistan after a 20-year gap, the Taliban have regained control of natural resources that a former mines minister of the country once said could be worth up to $3 trillion. That estimate was made toward the end of the last commodities supercycle in 2010 and could be worth even more now, […]
