Proposals to reform the tax treatment of foreign superannuation and bring the tax treatment of gold, silver and ironsands mining into line with other economic activities are the centrepieces of a tax bill introduced in Parliament today, Revenue Minister Peter Dunne has announced.
He said the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill would [...]

The Government is calling for public feedback on proposed changes to royalties and the taxation of minerals.
Two papers – Reviewing the Royalties Regime for Minerals and Taxation of Specified Mineral Mining – have now been released for public consultation. The royalties paper sets out proposals related to Government revenue from minerals, not oil and gas. [...]

Environment Minister Nick Smith today launched the clean up of New Zealand’s most contaminated site at Tui Mine with the Green Party and announced a new national environmental standard for better managing contaminated sites.
“Tui Mine poses real safety and environmental risks for the Te Aroha Community. The $15.2 million contribution from the Government, in tight [...]

Solid Energy Thursday submitted to the Pike River receivers an expression of interest to acquire the assets of Pike River Coal’s West Coast mine.
Solid Energy Chief Operating Officer, Barry Bragg, noted that Solid Energy has a natural interest in Pike River Coal given its long history and experience of coal mining on the West Coast.
Bragg [...]

Buller coal sponsor Bathurst Resources has entered a trading halt pending an investment announcement. According to Bathurst managing director Hamish Bohannan, Bathurst will be making a ‘positive’ announcement as early as Tuesday. The firm has been put on a trading halt in both Australian and New Zealand stock exchanges.
There has been rising speculation that Bathurst [...]

New Zealand state owned mining firm Solid Energy has confirmed it plans to buy the Pike River Coal mine, reported the NZ Herald Monday. Solid Energy will buy the Pike River Coal mine and pay off its unsecured creditors, coming a week after the mine’s receivers announced plans to sell the asset. The bodies of [...]

Adventus Holdings Limited said on Wednesday that its subsidiary, Adventus NZ Limited, has served notice of its intention to terminate plans to buy the coal mining rights and assets in New Zealand from Medha International Limited for US$8.60 million. The proposed acquisition was to mark Adventus’ first venture into the resource development business.
The company said [...]

Allied Work Force Group has bought a majority shareholding in a Waihi labor provider, terming it a major acquisition. From the acquisition, Allied Work Force Group hopes to create a new subsidiary with the acquired firm’s current owner, said the firm. The subsidiary will be named AWF Mourant Ltd. The enlarged entity will be based [...]

As part of its US$60 million plans to develop an open cast coal mine near Westport, Bathurst Resources, an Australian mining company, said it is keen on listing on the New Zealand Stock Exchange this year. In its plans, Bathurst will export two million tones of coal from the mine, situated close to the Solid [...]

In its bid to acquire the Buller Coal Project in New Zealand, Australian Stock Exchange listed company; Bathurst Resources, announced that it had finished the placement of 125 million new shares at $0.13 per share aimed at raising $16.25 million needed for the investment. It had also signed the Sale and Purchase Agreement for the [...]