TERMINATOR X: June 2013

Wednesday, June 26, 2013

haha pic

Miners got A$4.5 billion from taxpayers last year: Australian Institute

Counting up all the services and tax breaks Australian miners receive, the left-leaning Australian Institute calculates that the industry is being "propped up" on A$4.5 billion from the federal government over the past year.

In its report Pouring More Fuel on the Fire that was released today, the institute says the subsidies were 12.5% higher in 2012 compared to the year before.

The institute lists the largest subsidies:

$2.35 billion in fuel subsidies (increased $458 million)
$495 million in tax write-offs for capital works (increased $127.5 million)
$550 million in deductions for exploration and prospecting (increased $220 million)

The subsidies are under esimated, says the report's authors since states subsidies were excluded, as well as ". . . subsidies that go to a number of industries but cannot be broken down to show only those benefits that accrue to the mining industry."

With miners receiving pre-tax profits last year of $84 billion, the institute says the subsidies are unwarranted.

"To put this in context, that represents six per cent of GDP, or, for every $100 of income earned in Australia, $6 went to the owners of mining companies," writes the report's authors.

Profits spell investment. The author's chart the amount of money flowing into major mining projects are worth A$268 billion.

australian institute major mining projects

Using figures from the Bureau of Resource and Energy Economics (BREE), the Australian Institute estimates that energy and mineral projects worth $268 billion have been started or committed to.

Thursday, June 20, 2013

certificate mining project

College of Technology and Engineering, Udaipur

C E R T I F I C A T E

This is to certify that the Project Report entitled “Hazard Identification and Risk Analysis in Mining Industry” has been under taken and prepared under my guidance and supervision during the session 2012-2013 by Mr. Dhruv Chaturvedi, Kamlesh Kumar Meena and Deepak Meena, students of Final Year B. E. (Mining Engineering).

This work has been carried out by students own effort under my guidance and supervision. This report is hereby approved for submission

This project is being submitted for the partial fulfillment of the requirements for the award of Bachelor of Technology degree in Mining Engineering at the College of Technology and Engineering of Maharana Pratap University of Agriculture & Technology, Udaipur (Raj.).

DATE:

(Guidance name)Dr. S.C. JAIN

Assistant Professor