Reuters reported that Kazakhstan has agreed to lift a moratorium on granting new mining licenses.
Chromium Market News Directory
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.
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.
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.
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.
Reuters reported that Kazakhstan's president is encouraging his government to lift a four-year-old moratorium on new mining licenses.
Mining Weekly reported that South African mineral sales are showing a consistently downward trend, with chromium sales experiencing the biggest drop.
Bloomberg reported that India has imposed a 20 percent tax on Chinese hot-rolled flat steel in an effort to support local producers.
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 [...]
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.