GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Namibia: Paladin to invest $ 81 million to resume uranium mining at Langer Heinrich

Namibia's uranium production is expected to increase soon. Paladin Energy wants to take advantage of the price upturn to resume operations at Langer Heinrich. To do this, it will have to invest $ 81 million to produce 88.5 million pounds of uranium over 17 years.
 
Paladin to invest $ 81 million to resume uranium mining at Langer Heinrich

Resumption of mining at the Langer Heinrich uranium project will require an investment of $ 81 million. This is apparent from a restart plan released this week by Paladin Energy, the mining company owning the asset in Namibia.

In detail, it will take $ 34 million to raise cash, finance facility maintenance, purchase work equipment, recruit labor, and hire a mining service provider. The balance of the investment will be used for modernization and efficiency improvements, including an increase in the capacity of the processing plants.

It should be noted that the restart plan provides for three distinct phases over an estimated service life of 17 years. After the ramp-up phase, the mine will reach, in phase 2, a peak annual production of 5.9 million pounds of uranium dioxide in the seventh year of operation. The final phase, which will process all of the accumulated ore stocks, will achieve the production target of £ 88.5 million over the life of the project.




Paladin Energy is now negotiating drawdown agreements with its partners for future production, while also pursuing other optimization work related to the restart of the mine. As a reminder, Langer Heinrich was placed in maintenance in 2018 due to the low price of uranium. The resumption of activities in a context of slight improvement in prices should guarantee Paladin and the Namibian State satisfactory incomes.