Spanish mining: Taxation and regulation

• Autores: Industrial Minerals
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 551, 2013
• Idioma: inglés
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  • Additionally, a certain amount of aid deriving from Spain's Mining Safety Plan is granted annually with a view to promoting mining safety and eradicating mining accidents. These subsidies are available to all kinds of mining operation, with the exception of coal mining.

    For mining companies producing'priority minerals', accelerated depreciation of fixed assets can be applied for tax purposes during the first 10 years of a project's life.

    In June this year, EMED Mining, which is working to restart the Rio Tinto copper mine on the Iberian pyrite belt in Spain's Andalucia region, received the Aguilas Two licence that will permit exploration activities on the project's Valle Redondo and El Villar tenements, located 8km from the company's flagship project.