articles: Energy, mining & renewables

Mining Indaba 2018 – the key takeaways

A boost in commodity prices, an improved political outlook for South Africa and Zimbabwe and a greater appetite for investment in the mining sector were the key takeaways from the 2018 African Mining Indaba in Cape Town. Here we discuss the opportunities and challenges facing the sector and what the future holds. 

What the Budget 2016 means for the energy, mining & renewables sector

The Budget contained a number of surprise developments that are likely to be of interest to the energy, mining and renewables sector. These include a radical set of measures which are intended to assist the offshore oil and gas sector, and some significant business energy tax reforms.

However, there were also wider changes to the taxation of large corporates that will affect many sectors.

The Budget 2016 – video summary

A sugar-coated Budget for the next generation

In the uncertain global economic environment, the Chancellor’s deficit-reduction goals have become more challenging. But he still managed to strike an up-beat tone when delivering “a Budget that puts the next generation first”.

Good news for holding companies

HMRC has announced it is revising its policy with regard to VAT recoveries made by holding companies. As a result, it may now be possible to recover VAT, and potentially make a claim for any VAT that has not been recovered or disallowed by HMRC to date.

Planning for challenge to VAT recoveries by HMRC

HMRC is challenging VAT recovery by holding companies operating in the mining and exploration sectors. This is on the basis that HMRC do not believe that they are carrying out ‘business’ or ‘an economic activity’ for VAT purposes. Organisations operating in these sectors are, due to the speculative nature of their activities, and the way in which they are normally structured and funded,  finding themselves potentially looking at significant irrecoverable VAT costs.

An Autumn Statement for “rebuilding Britain”

Five years since delivering his first spending review, George Osborne spent over an hour delivering his 2015 Autumn Statement. He repeatedly stated the Government’s intent to build public services, infrastructure, national defences and strong public finances.

Energy and Mining – Perfect storms for fraudsters?

Both the energy and mining sectors often operate in difficult territories. Nearly 70% of the countries in which operations take place are rated as below ‘4’, where ‘10’ is the top of the ethical ladder, and ‘zero’ at the bottom in Transparency International’s ‘Perception of Corruption Index’.

Key issues when acquiring an energy and mining company - Part 3

Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In the final of our three part series, we consider points 11 to 15:

Key issues when acquiring an energy and mining company – Part 2

Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In part two of our three part series, we consider points 6 to 10:

Key issues when acquiring an energy and mining company

Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In part one of our three part series, we consider the first five:

The Autumn Statement – what can we expect?

The Chancellor of the Exchequer will deliver his Autumn Statement on Wednesday 3 December. This will provide an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility, which will be published the same day.

The Budget 2014 – summary

In a speech full of sound bites, the Chancellor’s 2014 Budget repeated past themes – the need to build a resilient economy and for Britain to live within its means. But his dominant message was new: this was a Budget for “the makers, the doers and the savers”.