• Rescuers carry a miner to an ambulance in Qixia City in east China's Shandong Province. AP
    Rescuers carry a miner to an ambulance in Qixia City in east China's Shandong Province. AP
  • Twenty-two Chinese miners had been trapped for two weeks. AFP
    Twenty-two Chinese miners had been trapped for two weeks. AFP
  • A miner wearing a black eyepatch is saved from hundreds of metres underground. AFP
    A miner wearing a black eyepatch is saved from hundreds of metres underground. AFP
  • The miners had been trapped for two weeks after a gold mine explosion. AFP
    The miners had been trapped for two weeks after a gold mine explosion. AFP

Nine trapped Chinese miners confirmed dead, one still missing


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Chinese rescue workers have found the bodies of nine more miners after an explosion a fortnight ago, local officials said on Monday, raising the death toll to 10.
It comes a day after 11 miners were pulled out alive from the gold mine in eastern Shandong province where the blast occurred. One miner remains unaccounted for.
A group of 22 miners were trapped hundreds of metres underground following the explosion on January 10, with some relying on food and medicine delivered through shafts drilled by rescue teams.
"From Sunday afternoon to this afternoon, rescue workers have not stopped searching, and found a further nine trapped miners who unfortunately all died," the mayor of Yantai city, Chen Fei, said at a briefing Monday.
"Along with one miner who died on Thursday, the bodies of the nine deceased miners were all lifted out of the mine."

The initial explosion at the Hushan mine occurred in its ventilator shaft, causing a blockage that damaged the cable car.
The head of the rescue team, Chen Yumin, said it appeared all nine miners had been killed by the impact of a secondary explosion in the mine on January 10 as they tried to climb up to the mine entrance to escape.

A minute's silence was held at the press conference and officials bowed afterwards to pay respects to the dead.
Officials said that the identities of the deceased would be confirmed through DNA testing.

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The 11 survivors are in "stable" and "non life-threatening" conditions and are currently receiving medical treatment, according to Qin Chengyong, deputy head of the Shandong provincial health commission.

Two are in serious but non life-threatening conditions – including one who had not eaten for 14 days before being rescued.
Rescue operations sped up dramatically on Sunday as a blockage in the ventilator shaft was cleared.

On-site workers had previously estimated that it would take at least two weeks to reach the trapped miners, with efforts also hampered by high levels of underground water.
But the mayor said on Monday that rescue teams will not stop searching until the last remaining miner was found.
All sections of the mine have been searched except for one that has been filled with water, rescue team leader Chen Yumin said.
Contact was first established a week ago with a group of 11 miners trapped in a section of the mine around 580 metres below the surface.
One of them was seriously injured in the initial explosion and died after falling into a coma.
Rescue teams sent them deliveries of food, medicine and supplies through several long shafts drilled into the rock.
Another miner was found alive by rescuers as they attempted to reach the group on Sunday.
The local Communist Party secretary and the mayor have been sacked over the 30-hour delay in reporting the accident, and an official investigation is under way to determine the cause of the explosion.
Accidents are common in China's dangerous and poorly regulated mining sector.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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