Philippines plans new law to ensure responsible mining
Philippine President Rodrigo Duterte said on Friday the country's mining industry pays too little in tax and not enough in compensation for any environmental damage.
Philippine President Rodrigo Duterte said on Friday the country's mining industry pays too little in tax and not enough in compensation for any environmental damage.
Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals.
World number one miner's Pilbara mines produce 268m tonnes for the year, but strike at Escondida sees copper output slide 16%.
Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.
The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.
Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.
The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.
The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.
“We got the results back and they were off the canoe!” declares prospector John Robins in his Vancouver office Thursday, recalling the 2002 Aviat diamond discovery now controlled by Stornoway Diamonds.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.