Mining sector buried in taxes

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VietStock FI English 1 month(s) ago

Mining sector buried in taxes

With the global commodities markets in a deep slump, mining companies operating in one of the Kingdom’s riskiest and most heavily-taxed industries are lobbying for a less onerous tax regime to account for the high upfront capital costs and risk of mineral exploration and extraction.

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Corruption probe digs deeper into OZ Minerals deal

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VietStock FI English 2 month(s) ago

Corruption probe digs deeper into OZ Minerals deal

Australian authorities have expanded the scope of an ongoing investigation into Australian mining firm OZ Minerals over claims it engaged in bribery in Cambodia in 2009, the firm said in its latest annual report.

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Geopacific’s mine purchase terms amended

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VietStock FI English 4 month(s) ago

An Australian mining firm exploring a significant copper and gold deposit in northern Cambodia has reached an agreement with the tenement’s former owner to amend the terms of its 2013 acquisition of the project, it said this week.

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Mining firm bags new licences for two plots

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VietStock FI English 4 month(s) ago

Mekong Minerals has successfully renewed the mining exploration licenses for two of its Cambodian tenements and expects permits on another two tenements to be granted soon, the Australian mining firm’s managing director said yesterday.

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Nokia drops as Samsung patent ruling disappoints investors

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Báo Thanh Niên English 5 month(s) ago

Nokia drops as Samsung patent ruling disappoints investors

Nokia Oyj shares fell the most in nine months after an award from a Samsung Electronics Co. patent dispute fell short of analysts’ estimates, a sign that extracting royalty revenue from smartphone makers is becoming challenging as global demand for handsets slows.

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Growers protect peach trees from cold

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Báo Dân Trí English 5 month(s) ago

Growers protect peach trees from cold

Air conditioners have been used at Hanoi's Nhat Tan Village in an attempt to ensure that the peach flower blossoms will bloom just before Tet.

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Malaysia's mini mining boom is yet another headache for Najib

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Báo Thanh Niên English 5 month(s) ago

Malaysia's mini mining boom is yet another headache for Najib

Bauxite mining in Malaysia went on a tear after neighboring Indonesia banned exports, transforming an industry that hardly existed until 2013 into China’s biggest supplier.

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Taxation bodies keep keen eye on franchisers

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VietnamNet English 5 month(s) ago

Taxation bodies keep keen eye on franchisers

VietNamNet Bridge - The HCM City Taxation Agency has vowed to keep a keen eye on businesses which have conducted capital transfer deals and paid royalty fees to holding companies.

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Mining ministry hits pay dirt in’15

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VietStock FI English 5 month(s) ago

The Ministry of Mines and Energy generated a four-fold increase in non-tax revenues from extractive industries last year, collecting just over $17 million, a ministry official said yesterday.

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Mesco takes on search for gold

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VietStock FI English 5 month(s) ago

Mesco takes on search for gold

Indian mining firm Mesco Gold has expanded its partnership with Canadian mineral exploration firm Angkor Gold, entering into a joint venture to explore and develop Angkor’s Oyadao North tenement in northeastern Cambodia, the company said yesterday.

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Quang Ninh seeks to relocate thousands away from coal mines

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Báo Thanh Niên English 6 month(s) ago

Quang Ninh seeks to relocate thousands away from coal mines

Authorities in Quang Ninh Province have sought the government’s approval for a US$84.5-million project to remove thousands of residents out of areas badly affected by coal mining activities.

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Jewellery of Imelda Marcos fit for royalty

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Báo Thanh Niên English 7 month(s) ago

Experts appraise Imelda Marcos's jewellery collection which includes Indian diamonds and Burmese rubies.

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Mining firms gear up for big season

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VietStock FI English 8 month(s) ago

With the rainy season petering out, mining companies are gearing up to resume full operations on prospects in northern and eastern Cambodia, with investors keeping a close watch as firms push to expand their resource estimates and the country prepares to open its first royalty-bearing commercial mine.

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Mesco set to draw first gold from Ratanakkiri mine

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VietStock FI English 8 month(s) ago

Mesco Gold has established the required surface-level infrastructure and is awaiting government approval to begin the extraction of gold at its Phum Syarung mine in Ratanakkiri province, the company’s director said yesterday.

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Hue visitors get glimpse of royalty

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Báo Dân Trí English 8 month(s) ago

Hue visitors get glimpse of royalty

Visitors to the former imperial palace in Hue City can now walk through the same halls once frequented by queens during the Nguyen Dynasty (1802-1945).

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