HOUSTON — Regardless of stiff business lobbying in opposition to it, the Securities and Alternate Fee voted 2 to 1 on Wednesday to require American oil and mining corporations to disclose taxes and other charges they pay to foreign governments. The disclosures are aimed at curbing corruption, which is frequent in some main oil-producing nations.
Most people can even remember the Big Mine in Yellowknife. It was made notorious after its house owners packed up shop in 2004. Their parting gift was a mine crammed with 237,000 tonnes of arsenic trioxide , a deadly byproduct of gold mining. The chemical threatened to leak into Great Slave Lake and Yellowknife’s drinking-water provide.
Molybdenum prices, in a hunch throughout the Nineties, are nonetheless excessive by historical requirements, although they have dropped slightly after peaking in 2004. (That is one of the explanation why molybdenum, previously one of the smaller metals in terms … Read More