Philippines Asks Foreigners to Invest in Mining
March 2005 by Associated PressPhilippine President Gloria Macapagal Arroyo and other officials urged international businesses to invest in the country’s mining industry after the Supreme Court cleared the way for foreigners to fully control mining operations in the country.
Pacific Island nations have started devising regulatory laws to help create a new industry in this near-resourceless region: mining the sea floor.
Imagine the liability protection of a corporation and the pass-through tax benefits of a partnership in one entity for your mining or prospecting operation.
Queensland produces about 25-28 tons of gold per year, which, while not in the same class as South Africa or North America, is still a respectable output.
The platinum group metals (PGMs) are divided into three that are “light,” about the same atomic weight as silver, and three that are “heavy,” about the same atomic weight as gold. The three light PGMs are ruthenium, rhodium, and palladium, and the three heavy PGMs are osmium, iridium, and platinum.
The beauty of natural gold is widely appreciated by both prospectors and mineral collectors, but the pinnacle of beautiful natural gold specimens are the spectacular crystalline formations.
There is a unique anticipation that comes with waking in gold country. The long early morning rays bring warmth after a cold night. Restless nights allow thoughts of gold hidden in the ground for too long.
For over twenty years, Rahall has been introducing bills in an attempt to overhaul the 1872 Mining Law. On May 10, 2007, he introduced another bill, HR 2262, which would drastically change the laws governing mining if enacted. This time, his bill may have a chance.
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