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States seek to generate taxes and royalties from mining operations





 

The mining sector, the buyers of the raw materials and the states involved have different interests.

Mining companies have to invest a lot of money in the development and exploitation of deposits, so one of the things they need is investment security. The buyers of the raw materials hope for low prices and security of supply. The governments of the countries in which mining is carried out are looking particularly at the taxes and levies they can generate. For example, recently the Finnish government is planning to launch a new tax on minerals. Finland has some of the largest known mineral deposits in the European Union. About 40 active mines exist in Finland, there are battery metals, for example, cobalt, nickel, gold, zinc or lithium. Until now, no taxes have been levied on minerals in Finland, but now a royalty of 0.6 percent is to be levied on the taxable value of metallic minerals and of 0.2 euros per extracted ton for other minerals. The Finnish government calculates that this will bring around 25 million euros a year into the government coffers. The central government intends to keep 40 percent of this, while 60 percent is to remain with the communities affected by mining.

According to government statements, this is intended to be an appropriate compensation to society for the use of resources. After all, society is dependent on a functioning supply of raw materials, see currently the keyword energy crisis. Mining should be sustainable, safe and pay attention to social compatibility, the environment and security of supply.

Battery metals are also available from ION Energy – https://www.youtube.com/watch?v=Lu0HcV0vEdA -. In mining-friendly Mongolia, the company owns two promising lithium projects. This is to the benefit of the Mongolian economy and the transition to clean energy.

Li-Metal – https://www.youtube.com/watch?v=nVFlCAZ3584 – specializes in the development of lithium metal anode and lithium metal production technologies. The lithium pilot production plant is designed to provide more energy dense and sustainable products.

Current company information and press releases from Li-Metal (- https://www.resource-capital.ch/en/companies/li-metal-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/





Posted by on 14. October 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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