Newcastle Minerals has begun drilling at its Chester Project, which is situated in northwestern Ontario, Canada.
The Tanzania parliament has approved a five year development plan which includes an Australian inspired super-profit tax for the mining industry. The $27.4 billion development plan hopes to earn revenue from the mineral resources of the nation.
Australian Treasurer Wayne Swan said on Tuesday that the investment needs and demand for capital for the country are set to grow proportionately with the resources boom. For this reason Australia will have huge opportunities for foreign investment. The Treasurer was speaking to the International CEO Forum in Canberra.
Quia Resources has started drilling at its San Lucas property in Colombia and has reported a ground magnetic survey and a 10 km induced polarization results.
Astra Mining, an Australian diversified mining company, has confirmed its intention to list on the Frankfurt Stock Exchange at an Extraordinary General Meeting held today.
South Africa’s National Union of Mineworkers is to ask the Chamber of Mines for a 14% wage hike as official talks began between between the two parties this week. This is part of the 2011 wage negation process.
The Hecla Mining company has been ordered to pay $263.4 million plus interest to settle the Superfund lawsuit after nearly two decades. The lawsuit was first filed by the American Indian tribe of Coeur d’Alene in 1991. They were joined by the federal government in 1996 and later by the state government of Idaho.
Clifton Star Resources has obtained an updated NI 43-101 compliant resource estimate report from Peter Bevan, for the Donchester property that belongs to the Duparquet Gold Project in southwestern Quebec, which is functioned under a joint venture agreement with Osisko Mining.
Catalyst Resource Group, a company that deals with recovery of precious metals, has declared that its precious metals recovery system is about to increase the rate of recovery to about 10,000% higher than the traditional method.
A draft of the proposed Minerals Resource Rent Tax (MRRT) has been released by the Treasury department of the Australian government. The new tax is a compromise which resulted after Kevin Rudd’s tax was rejected outright by the mining industry. The original resources supertax is what caused the ouster of the former Prime Minister after vehement opposition was seen to the tax proposal.
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