Kazakhstan Lifts Moratorium on New Mining Licenses
Reuters reported that Kazakhstan has agreed to lift a moratorium on granting new mining licenses.
Chromium Market News Directory
Sterlite Copper Smelter to Remain Closed Until April 29th on Toxic Emissions
Reuters reported that India's largest copper smelter, owned by Sterlite Resources is to remain closed until at least April 29th over complaints of toxic emissions.
Sterlite Industries Fined 1 Billion Rupees for Environmental Infractions at Indian Plant
Reuters reported that Sterlite Industries has been fined 1 billion rupees for breaking environmental regulations at an Indian plant that has recently been closed because of environmental hazards.
SA African Miners Could Be Eligible for Additional R&D Tax Deductions
Mining Weekly reported that benefication has taken a big step forward in South Africa with the introduction of R&D tax incentives for mining companies, which could mean an extra 50 percent income tax deduction on eligible R&D expenditures.
Controversy over Infrastructure Construction Between Cliffs and KWG Could Hamper Economic Success of Ring of Fire
The Sudbury Star reported that the "Ring of Fire" deposit's economic success hinges on support from infrastructure. However, the construction of roads and rail lines is mired in controversy.
Kazakhstan’s President Urging Government to Lift Mining Ban
Reuters reported that Kazakhstan's president is encouraging his government to lift a four-year-old moratorium on new mining licenses.
South African Chromium Sales Fall by 42.9 Percent, Year-Over-Year
Mining Weekly reported that South African mineral sales are showing a consistently downward trend, with chromium sales experiencing the biggest drop.
India To Impose 20 Percent Tax on Chinese Hot-Rolled Flat Steel Imports
Bloomberg reported that India has imposed a 20 percent tax on Chinese hot-rolled flat steel in an effort to support local producers.
Silver Stone Resources Acquiring Base Metals Projects in Africa
Mining Weekly reported that Silver Stone Resources has announced that it intends to acquire gold and base metals projects in Africa. As quoted in the market report: Silver Stone has signed an implementation agreement to acquire 100% of the issued capital of unlisted OreCorp, which owns various interests in projects in Ethiopia and Mauritania. To view [...]
Merafe and Xstrata Close Furnaces to Help Conserve South African Power
Mineweb reported that Merafe Resources Ltd. (OTC Pink:MRAFY), a ferrochrome producer, and Xstrata plc (LSE:XTA) will close five of their joint venture's 20 furnaces between January and March 2013 to help South African power utility Eskom deal with an electricity supply shortage.
