May 17, 2020

Research and Markets Produces 2014 Fiscal Mining Report

Research and Markets
Australias Mining Fiscal Regime H1 201
Admin
2 min
Research and Markets Produces 2014 Fiscal Mining Report
Research and Markets, one of the worlds largest market research stores, has added “Australias Mining Fiscal Regime: H1 2014” to their report...

Research and Markets, one of the world’s largest market research stores, has added “Australia’s Mining Fiscal Regime: H1 2014” to their report marketplace. The 22-page report was published in April of this year, and is available for purchase in their online store.

The publication outline several key factors of the Australian mining industry, including information on Australia’s governing bodies and laws and mining rights. The federal and state governments in Australia have different roles and responsibilities in regards to the exploration and development of mining sites; for example, mineral resources are owned by Australia or state/territory governments, not private individuals. This all-encompassing report is beneficial to key and emerging members of the industry for clarification and understanding.

The report further details key fiscal terms, including royalties for individual states, minerals resource rent tax, corporate income tax, capital gains tax, deductions, depreciation, withholding tax, loss carry forward, loss carry back offset and service and goods tax.

Research and Market has tailored the publication to cover Australia’s 11 main commodities, including coal, iron ore, copper, zinc, bauxite, gold, silver, nickel, chromium, manganese and platinum.

Contributors to the report include the Minerals Council of Australia (MCA), which is tasked with representing the country in both national and international markets. Their scope focuses on companies involved with the exploration, mining and processing of minerals. Eighty-five percent of Australia’s annual mineral production is contributed by MCA companies.

The goal of the Department of Industry, established in September of 2013, is to increase the economic prosperity of Australia. They also focus on improving productivity, competitiveness, security and the sustainability of resources in Australia. Geoscience Australia, a government entity, provided geoscientific information for the report.

Share article

May 14, 2021

Copper production from top ten companies to increase by 3.8%

Copper
Codelco
First Quantum
Freeport-McMoRan
2 min
Following a marginal slump in copper production due to COVID-19, output from top ten companies set to rise up to 3.8% in 2021 reveals GlobalData analysis

Copper production from the world’s top companies is set to increase by up to 3.8% this year, following a fall of 0.2% in 2020, GlobalData analysis reveals. Last year’s marginal slump saw production drop to 11.76 million tonnes (Mt).

Copper

The initial impact of the COVID-19 pandemic on mining operations was immense, however, six of the ten largest copper producers succeeded in increasing output last year. In 2021, copper production from the top ten copper companies is expected to bounce back, rising by up to 3.8%, to reach 12.2Mt, according to GlobalData, a leading data and analytics company. 

First Quantum

The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth. While the latter remained under care and maintenance between April and August 2020, it delivered record production levels during the subsequent months.

Copper

Codelco

Codelco, the world’s largest producer of the red metal used in electric vehicles, also bucked the trend.

Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Despite Codelco reporting over 3,400 active cases during July 2020, the company achieved 1.2% growth in its production in 2020. The company implemented a four-phase plan, as part of the COVID-19 measures, to ensure the health and safety of its employees, while also avoiding any significant impact to its copper output.” 

Freeport McMoRan

Although the overall impact was minimal, declines in production were observed from Glencore (8.2%), Antofagasta (4.7%), BHP (3.9%) and Freeport McMoRan (1.3%). Reduced operational workforces due to COVID-19 measures, lower ore grades and production halts due to maintenance were the key disruptors to output during 2020.

Electric Vehicles

The move towards electric vehicles and clean energy from renewables sources such as solar panels and wind turbines has driven the copper price to all-time highs. Copper has been among the best performers over the last month where metals ranging from aluminum to iron ore have surged to their highest prices in years. The rally is being fueled by stimulus measures, near-zero interest rates and signs that economies are recovering from the global pandemic. 

 

 

Share article