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Now a different sort of scramble is under way, as governments around the world try to lay their hands on a bigger share of the proceeds of mining.
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The U.S. Supreme Court ruled that the 1909 corporation tax act did apply to mining corporations, and that the proceeds of ores mined by the corporation from its own premises were income within the meaning of the 1909 tax act.
The clause required all US-listed extractive companies to publish how much they paid governments for international projects, reducing the scope for officials to pocket the proceeds of drilling, mining and logging rights.
He brushed off both a suggestion that the funding would be linked to economic reform and criticism that WA had wasted the proceeds of the mining boom, saying: "I think everyone would agree that Western Australia has been uniquely well run and that Western Australia has a really outstanding record".
Outgoing President Alan Garcia has funnelled much of the proceeds of the mining boom into building road, ports and other infrastructure projects.
A military government was in power at the time and unable to subdue a rebel grouping, the Revolutionary United Front, who were well armed on the proceeds of illicit diamond mining.
The Labor government in which I was treasurer also recognised that fiscal policy can be harnessed to combat catastrophic demand failures during financial crises and fairly distribute the proceeds of a once‑in‑a‑generation mining boom.
The revenue of his English earldom and the proceeds of the silver mines at Alston allowed David to produce Scotland's first coinage.
One of the Kachin constituencies is close to the country's largest jade mine, the proceeds of which go mostly to generals and their cronies.
The decision by Xstrata's directors to proceed with their recommendation keeps afloat a merger that would create a behemoth in the world of mining and minerals.
Angle of mining dip.
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CEO of Professional Science Editing for Scientists @ prosciediting.com