SINGAPORE: Newer entrants into Indonesia's mining sector will face stiffer regulations with a new ban on raw material exports in a blow to local and foreign commodities producers that analysts said may even affect economic growth.
For 2012, the MLR has taken a different approach to the allocation of mining quotas. The first difference is that the ministry does not appear to have published a single list of mining quotas allocated to the provinces and regions, as it has in previous years
United States Antimony Corporation has reported a loss of $116,233 on sales of $3,053,554 for Q1 2012 compared to a profit of $45,363 on sales of $2,838,039 for Q1 2011.
Midas Gold has been exploring since 2009 on private land and the Payette National Forest. It has mapped millions of ounces of gold in its Golden Meadows project in the Stibnite Mining District and is seeking to learn even more.
U.S. Antimony Corporation announced today that its shares will begin trading on the NYSE MKT on 21 May 2012, ticker symbol “UAMY”. Mr. John Lawrence, CEO, commented, “We are very pleased with this development as we expect a wider audience for our stock; tighter spreads between the bid and asked prices; and improved liquidity.
Jakarta (The Jakarta Post/ANN) - Indonesia's Finance Ministry has expanded a 20 per cent export tax to 65 mineral categories from only 14 proposed earlier this month, but coal is exempt from the new tax policy.
Indonesia's Finance Ministry has expanded a 20 per cent export tax to 65 mineral categories from only 14 proposed earlier this month, but coal is exempt from the new tax policy.