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Wayne Swan, Australia's Deputy Prime Minister and Treasurer, has expressed his contentment after the ratification of a new mining tax which has been debated in Parliament for close to two years. The government hopes that this 30% tax on coal and iron ore production will boost its revenues by approximately A$11 billion. The companies ...
Once again investors at the commodity and precious metals markets are focusing on production in South Africa. According to Statistics South Africa (Stats SA) in January, gold production dropped 11.3% in comparison with the previous year. During the 1970s, South Africa regularly produced over 1,000 tonnes a year, but this year production ...
Recent data from the consulting firm Surbiton Associates in regard to Australian gold production for the year 2011 have failed to meet market expectations for average production. Last year Australia defended its position as second largest gold producing country after China, but in comparison with 2010 Australian gold production dropped by ...
In the third quarter, Australian mines produced a total of 66 tonnes of gold – 2.4% less than in the previous quarter. Nevertheless, Australia has retained its position as second largest gold producing country (after China). During the first eight months of this year, China produced a total of 226.4 tonnes of gold. After China and ...
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