USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
The British Columbia Liberal government has lowered its gas royalties outlook, down $35 million to $362 million for the 2013/2014 fiscal year, as a result of lower price and production targets for the same period.
The province has collected “$150 million in gas royalties in the fiscal year-to-date to September, down from the expected $174 million,” the Daily Oil Bulletin reports.
Prices expectations for gas are down from C$2.25 to $2.20 per gigaloule and production forecasts have been revised down from 39.1 billion cubic metres to 38.7 billion cubic metres.
Comments
frankinca
Time to allow the development of the New Prosperity mine to cover the shortfall of gas payments into the government coffers.