Obuasi in the Ashanti region of Ghana has a long history with mining companies.
The law missed the opportunity to address misuse of mineral royalties and increase transparency as well as accountability in mineral royalty management.
By not properly charging for resources we allow magnates like Palmer political power.
Our tax system helped create Palmer.
The latest figures put Australia near the top when it comes to company tax collections, even though our total tax take isn’t particularly high.
On one measure our company tax rate is the third-highest, but we like it that way because it allows us to give big tax refunds to local shareholders, many of them retirees.
Communities in South Africa’s North West Province are embroiled in battles with chiefs over land.
South Africa has made progress towards interrupting the looting of land by chiefs, state officials and mining capital.
Zimbabwe needs more responsible diamond mining companies, not fly-by-night operators.
Zimbabwe has said it will take over all diamond mining operations in the country. But what is needed to maximise revenues isn’t state ownership, but improvements in existing regulatory practices.
Fortescue Metals Group founder Andrew Forrest has suggested iron ore miners cap production, but it might have been unnecessary had he supported a well-designed mining tax.
Had the mining industry engaged differently on the proposed mining super profits tax, it would be in a better position today.
The facts about mining revenues and taxation in Australia aren’t as clear as they should be under global transparency benchmarks.
AAP/Rebecca Le May
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