Codelco pays heavy price for ramping up debt burden to fund over-budget projects
Codelco is paying a high price for increasing its already heavy debt load to finance late and over-budget projects that are needed to maintain its status as the world’s biggest copper supplier.
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Visit: 86
Allocation of 40% of ESCO’s budget to the production of knowledge-based products
Mining News Pro - CEO of Esfahan Steel Company said: 40% of the company's production budget this year has been allocated to value-added, knowledge-based and new products.
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Visit: 228
Mining industry associations respond to Federal Budget
Mining News Pro - The Minerals Council of Australia (MCA) and the Queensland Resources Council (QRC) have responded to the recently released Federal Government Budget, which saw critical minerals receive a boost.
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Visit: 156
Canada’s budget measures brighten funding prospects for critical miners
Mining News Pro - Canada’s move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters.
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Visit: 224
London gold dealer runs out of bullion as Truss budget shocks
Mining News Pro - When the pound slumped as Kwasi Kwarteng presented his mini-budget, some Britons rushed to the safety of a haven that’s recently lost its luster: gold.
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Visit: 525
Zambia plans mine-tax concessions while trimming budget deficit
Mining News Pro - Zambia plans to reduce its budget deficit next year, even as it makes further cuts to copper mining royalties, Finance Minister Situmbeko Musokotwane said.
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Visit: 569
Canadian miners cheer Ottawa's critical minerals budget plan
Mining News Pro -Canadian miners say Ottawa's plan to spend C$3.8-billion ($3.02-billion) to boost domestic production of lithium, copper and other strategic minerals should help propel the country's efforts to become a key part of the global electric vehicle supply chain.
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Visit: 676
Appea calls for gas incentives ahead of federal budget
Mining News Pro - The Australian Petroleum Production and Exploration Association (Appea) has called on the Australian government to encourage continued investment in secure, cleaner energy.
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Visit: 994
Turquoise Hill okays Oyu Tolgoi $75m bridging budget
Mining News Pro - Turquoise Hill Resources’ board has approved a bridging budget of $75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the operation’s underground expansion.
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Visit: 518
Tasmanian Budget backs exploration and diversity
Mining News Pro - The Tasmanian Government has boosted mining in its Budget for 2021-22 with further investment in the Exploration Drilling Grant initiative and the Geoscience initiative.
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Visit: 423
Queensland Budget backs exploration sector to support jobs
Mining News Pro - The Queensland Government has provided almost $5 million in investment to strengthen the state’s exploration sector as part of this year’s Budget.
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Visit: 740
BHP looks to double base metals exploration budget, executive says
Mining News Pro - BHP Group plans to almost double exploration spending for base metals within five years, its Chief Technical Officer Laura Tyler said on Wednesday, after shifting its exploration headquarters to Canada.
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Visit: 455
NSW eyes critical minerals investment in 2021-22 budget
Mining News Pro - The New South Wales Government has pledged almost $200 million for mining industries and communities as part of the state’s 2021-22 budget, including a focus on critical minerals exploration.
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Visit: 864
Victorian Budget injects $35.7m into resources sector
Mining News Pro - The Victorian Government has provided $35.7 million in funding for the state’s resources sector to ramp up exploration approvals and attract further investment to the state, as part of its 2021/22 Budget.
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Visit: 605
Victorian Budget injects $35.7m into resources sector
Mining News Pro - The Victorian Government has provided $35.7 million in funding for the state’s resources sector to ramp up exploration approvals and attract further investment to the state, as part of its 2021/22 Budget.
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Visit: 768
Resources sector boosts federal budget spending spree
Mining News Pro - The Australian Government’s 2021-22 Budget has been fuelled by stronger commodity prices, which have enabled increased investment in the sector.
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Visit: 835
Antipa JV`s exploration budget increases
Mining News Pro - The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million.
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Visit: 777
Resgen secures additional funds for subsidiary’s austerity operating budget
Mining News Pro - Resource Generation (Resgen) has reached an in-principle agreement with Noble Group to provide additional working capital to its partly owned subsidiary Ledjadja Coal.
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Visit: 727
Nonferrous metals exploration budget down by 11% in 2020
Mining News Pro - S&P Global Market Intelligence’s annual World Exploration Trends Report was released this week and shows that the global budget for nonferrous metals exploration decreased 11% to an estimated $8.7 billion in 2020 from $9.8 billion in 2019.
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Visit: 709
Kore’s DX feasibility study on track, budget for completion in May
Mining News Pro - Potash development company Kore Potash reports that the definitive feasibility study (DFS) for Phase 1 of its 97%-owned Dougou Extension (DX) potash project in Congo-Brazzaville remains on track and within budget to be completed in May.
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Visit: 916
QLD budget delivers $29m for minerals exploration
Mining News Pro - The Queensland Government is encouraging the state’s resources industry to discover new minerals, including nickel, cobalt, copper and gold as part of its exploration funding in the 2020-21 state budget.
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Visit: 678
Federal Budget backs mining to drive economic recovery
Mining News Pro - The Australian Government’s 2020-21 Budget is a win for the mining industry as it prioritises training and education, and research and development in manufacturing and supporting industries.
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Visit: 771
UltraTech Cement cuts capital expenditure budget to US$130m
Mining News Pro - UltraTech Cement has cuts its capital expenditure budget to around US$130m due to the coronavirus pandemic. Work on its 2.2Mt/yr Cuttack grinding unit, which was scheduled for commissioning in March 2021, has been slowed down.
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Visit: 1495
Rio boosts Citadel copper JV exploration budget
Mining News Pro - The exploration arm of mining major Rio Tinto will spend A$9.2-million on exploration at the Citadel copper/gold joint venture (JV), in Western Australia, during 2020.
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Global exploration budget declines 3% in 2019
Mining News Pro - Global exploration budget for nonferrous metals decreased by 3% last year to an estimated $9.8 billion from $10.1 billion in 2018, according to S&P Global Market Intelligence’s latest World Exploration Trends report. The decline in planned spending halts a two-year rebound in the exploration sector.
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Visit: 767