From 2012, it would tax mining profits at a rate of 40% after they reach a certain level.
Peru's export sector, particularly specialty vegetables and fruits, is growing at an impressive rate, as well as mining investments.
The Australian economy is heavily dependent upon mining: this in turn means upon the rate of economic growth in China.
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It quotes a review in Zambia which found that between 2005 and 2009, 500, 000 copper mine workers were paying a higher rate of tax than major multinational mining firms.
But with the dollar-rand exchange rate now at near 8 rand, mining companies in South Africa would receive around 12, 000 rand an ounce, Tremblay said.
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In a debate over the weekend between the Liberal party, PQ, Coalition Avenir Quebec and Quebec Solidaire, Marois said she would impose a minimum 5% royalty rate on the gross value of all mining production.
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At just 22, Philbrook has built a nice business for himself, mining the access void left by the big, national flat-rate providers like America Online.
The high cost to expand the mine given the current negative sentiment in the mining industry raised a few eyebrows with analysts due to the low internal rate of return.
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While platinum prices have fallen in dollar terms over the last few months, fluctuations in the foreign-exchange rate between the U.S. dollar and South African rand have actually meant South African mining companies are effectively receiving a higher payment for their metal, Tremblay said.
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Australia's central bank has cut its benchmark interest rate by 25 basis points to 3%, as it looks to counter a slowdown in its mining sector.
Labor costs have risen at a rate higher than inflation in recent years, and electrical shortages have resulted in jumps in power prices for mining companies.
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