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Mongolia: Agenda for Autumn 2015 Session of Parliament

(Nov. 7, 2015) On September 20, 2015, the Chairman of the Great State Hural (Parliament), Zandaakhuu Enkhbold, gave a presentation on Mongolia’s economy to the American Chamber of Commerce in UlaanbaatarUlanbatar. Part of his remarks covered the fall agenda for the Great State Hural. Aside from what he termed “the usual suspects” – the 2016 […]

United States: Appellate Court Reaffirms Decision that Conflict Minerals Rule Violates First Amendment

(Aug. 25, 2015) A panel of the U.S. Court of Appeals for the D.C. Circuit recently reaffirmed its 2014 judgment that a Securities and Exchange Commission (SEC) rule requiring companies to publicly disclose that their products are not “conflict free” violates the First Amendment. (Nat’l Ass’n of Manufacturers v. SEC, No. 13-5252 (D.C. Cir. 2015) […]

Burkina Faso: New Mining Code Adopted

(July 21, 2015) Burkina Faso’s National Transitory Council (Conseil National de la Transition, CNT, the country’s interim parliament) adopted a new mining code on June 26, 2015, to replace the 2003 code. (Anapaula Trindade Marinho, Burkina Faso, New Mining Code Adopted, TAX NEWS SERVICE (July 14, 2015), International Bureau of Fiscal Documentation online subscription database; […]

Zambia: Mines and Minerals Bill and Related Income Tax Amendment Bill Tabled in Parliament

(July 8, 2015) On June 25, 2015, Zambia’s Minister of Mines, Energy and Water Development submitted the Mines and Minerals Development Bill, 2015 to the National Assembly (parliament) for a first reading. (Pamela Chitulang’oma, Zambia: Mines and Minerals Development Bill Presented to Parliament, TAX NEWS SERVICE (June 30, 2015), International Bureau of Fiscal Documentation online […]

Kenya: Many Prospecting and Mining Licenses Cancelled; New Mining Law Considered

(May 22, 2015) Kenya’s Ministry of Mining has cancelled 65 licenses for prospecting and mining; some of the revoked permits were held by individuals and others by companies. The moves have raised concern that investors will lose confidence in the viability of the industry in Kenya, and some have threatened lawsuits over the issues of […]

China: Resource Taxes Adjusted for Rare Earth, Tungsten, Molybdenum

(May 12, 2015) On April 30, 2015, China’s Ministry of Finance and the State Administration of Taxation issued a joint notice on adjustments to the resource tax levied on rare earth, tungsten, and molybdenum, to be applied from May 1, 2015. As of that date, the tax on the three materials, including on the raw […]

Indonesia; Portugal: Energy, Mineral Resources MOU Signed

(Sept. 25, 2014) The Office of the Prime Minister of Portugal issued a statement announcing that on September 19, 2014, the country signed a memorandum of understanding with Indonesia in the area of energy and mineral resources. The MOU provides for the creation of a working group to identify opportunities for investment in the sector. […]

Guinea: Mining Code Amended

(July 31, 2013) The transitional Parliament of Guinea (Conseil National de Transition, CNT) adopted Law L/2013/053/CNT on April 8, 2013, which amends the Mining Code, Law L/2011/006/CNT. The President promulgated the new Law on April 17, 2013, by Presidential Decree D/2013/075/PRG/SGG. (Amendments to the Guinean Mining Code, Norton Rose Fulbright website (June 2013); Albert Atangana, […]

Poland: Draft Proposals Completed on Hydrocarbon Tax Law and Amendment to Geology and Mining Law

(Apr. 8, 2013) It was reported on March 3, 2013, that Poland’s Ministry of Finance had completed a draft hydrocarbon taxation proposal. The proposal sets forth tax rates for natural gas and oil extraction. It stipulates that extractive industries will be subject to an overall tax rate of 39% on extractions from shale deposits and […]

Zimbabwe: Mines and Minerals Law to Be Amended

(Apr. 13, 2012) On April 5, 2012, Zimbabwe's Mines and Mining Development Ministry announced plans to finalize an amendment to the country's Mines and Minerals Act. The revised provisions are intended to promote investment as well as sustainable development. Minister Obert Mpofu's statement indicated that the new version of the law will guarantee security of […]