Russian minister says $7.5 billion windfall tax off the table for now

MINEX Forum | August 23, 2018
img0 Russian government ministries have agreed a proposed windfall tax on metals, mining and chemical companies is “inappropriate” for now, Industry Minister Denis Manturov said on Wednesday. “With colleagues from other ministries, we reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum outside Moscow, adding ...

Ukraine approves 26 large enterprises for privatization in 2018

MINEX Forum | May 12, 2018
img0 The Ukrainian government has approved a list of large enterprises for privatization in 2018. It includes 26 enterprises: five regional electricity supply companies, Centrenergo, Odesa Port-Side Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining-Chemical Company and Sumykhimprom. “We are selling them to make investments and enterprises work efficiently. We need to attract qualified advisers ...

A withhold up in Mongolia?

MINEX Forum | April 10, 2018
img0 Summary Governments of mining countries are vulnerable to investors using double tax agreements (DTAs) as a means of avoiding paying taxes. DTAs are bilateral, or multilateral agreements between countries that set out which country has the right to collect tax on different types of income. Interest expense on foreign loans is one such source of ...

Eldorado Gold confirms Positive Arbitration Ruling

MINEX Forum | April 4, 2018
img0 Eldorado Gold Corporation (“Eldorado” or the “Company”) confirms that the Arbitration Panel (the “Panel”) in Greece has issued its ruling with respect to the arbitration initiated by the Greek State (the “Greek State”), (see the Company’s press release dated September 14, 2017). The Panel’s ruling rejects the Greek State’s motion that the technical study for ...