States seek to generate taxes and royalties from mining operations

Mining companies have to invest a lot of money in the development and exploitation of deposits, so one of the things they need is investment security. The buyers of the raw materials hope for low prices and security of supply. The governments of the countries in which mining is carried out are looking particularly at the taxes and levies they can generate. For example, recently the Finnish government is planning to launch a new tax on minerals. Finland has some of the largest known mineral deposits in the European Union. About 40 active mines exist in Finland, there are battery metals, for example, cobalt, nickel, gold, zinc or lithium. Until now, no taxes have been levied on minerals in Finland, but now a royalty of 0.6 percent is to be levied on the taxable value of metallic minerals and of 0.2 euros per extracted ton for other minerals. The Finnish government calculates that this will bring around 25 million euros a year into the government coffers. The central government intends to keep 40 percent of this, while 60 percent is to remain with the communities affected by mining.

According to government statements, this is intended to be an appropriate compensation to society for the use of resources. After all, society is dependent on a functioning supply of raw materials, see currently the keyword energy crisis. Mining should be sustainable, safe and pay attention to social compatibility, the environment and security of supply.

Battery metals are also available from ION Energy – https://www.youtube.com/watch?v=Lu0HcV0vEdA -. In mining-friendly Mongolia, the company owns two promising lithium projects. This is to the benefit of the Mongolian economy and the transition to clean energy.

Li-Metal – https://www.youtube.com/watch?v=nVFlCAZ3584 – specializes in the development of lithium metal anode and lithium metal production technologies. The lithium pilot production plant is designed to provide more energy dense and sustainable products.

Current company information and press releases from Li-Metal (- https://www.resource-capital.ch/en/companies/li-metal-corp/ -).

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