G7 to launch Russian diamond ban in bid to curb revenues, Belgium says
Mining News Pro - The Group of Seven (G7) countries is expected to announce an import ban on Russian diamonds in the next 2-3 weeks, Belgian officials told reporters on Friday, in a bid to tighten a squeeze on Russia’s capacity to finance the war in Ukraine.
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Peru sees 60% increase in mining tax revenues
Mining News Pro - The Peruvian Ministry of Energy and Mines (MINEM) issued a report stating that regional and local governments saw an aggregate 60% increase in mining tax revenues in 2021.
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Peru’s proposed tax reform to boost revenues by $3bn
Mining News Pro - Peru’s finance minister Pedro Francke said on Thursday a proposed tax reform would increase fiscal coffers by about 12 billion soles ($3.03 billion), or 1.5% of the country’s gross domestic product.
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Tanzania gold refinery starts producing in drive to boost gold revenues
Mining News Pro - A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically.
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Soaring iron-ore prices boosting Aus revenues
Mining News Pro - Record iron-ore prices are expected to boost Australia’s iron-ore export value to A$136-billion in 2020/21, up from a previous record of A$103-billion in 2019/20, federal Resources Minister Keith Pitt said on Wednesday.
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Philippines lifts nine-year-old ban on new mines to boost revenues
Mining News Pro - Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to fresh mining investments as he seeks to boost state revenues to fund infrastructure projects and other initiatives.
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Record 2020 revenues, operating cash flow from Gran Colombia
Mining News Pro - Colombia-focused miner Gran Colombia Gold has released its fourth-quarter and full-year 2020 financial results, its last reporting period with the Marmato mine sold to Aris Gold in February.
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Franco-Nevada posts record Q3 revenues
Mining News Pro - With most major mining assets back up and running after coronavirus-related stoppages earlier this year, and amidst strong commodity prices, Franco-Nevada has reported record third-quarter financial results. These include new records in revenues recorded, at $279.8 million, adjusted EBITDA, which hit $235.1 million, and net income, at $153.9 million.
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K92 posts record revenues for Q2, shares up
Mining News Pro - K92 Mining recorded its highest ever quarterly revenue for the three months ended June 30, 2020, the Vancouver-based gold miner announced Thursday.
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Higher lithium output drives MinRes revenues
Mining News Pro - ASX-listed Mineral Resources this week reported a 16% increase in revenue for the full year ended June, with net profits after tax jumping from A$201-million to A$272-million.
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Reduced global prices and curtailed FOMLY (NICICO) revenues by 4200 IRR
Mining News Pro - A report on the performance of the National Copper Quarterly showed some cases, including increased production of wire and reduced production of copper cathodes.
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Ecuador expects $1 billion in mining revenues for 2018
Mining News Agency -Ecuador’s Ministry of Mining updated its 2018 outlook related to mining revenues.
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Rwanda: How Government Plans to Increase Mineral Revenues Sevenfold By 2024
Mining News Agency - Sustained investments into modernising mining activities, exploration for new types of minerals, and adding value to the gems before they are exported will help Rwanda achieve its target to increase seven times by 2024 the revenues from mineral exports, officials have said.
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