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摘要

A congressional debate on applying a royalty to the Chilean mining industry has led to the suggestion that a 5 percent royalty could be levied on all mining activities. However, there are no specific details and there are no indications of timing. (See CRUMonitorOnline) The Queensland Supreme Court has issued final approval for the takeover of MIM Holdings by Xstrata. The decision ends the controversial takeover, where 58 percent of the shareholders voted for the move despite the insistence of MIM's managing director that the 1.72 Australia dollars per share offer was too low. Xstrata is now expected to introduce some cost-cutting measures at MIM's facilities and Glencore, which has a 40 percent stake in Xstrata, is reportedly set to become involved in MIM's base metals contracts.