The Fraser Institute has released its latest Survey of Mining Companies last week. This international survey is conducted annually by the Toronto based institute. It assesses the attractiveness of a particular region to mine investors and operators. The ranking of South Africa fell this year amongst the 79 major mining regions to position 67.
The Premier of New South Wales Kristina Keneally is on a road trip in Hunter Valley gathering votes in what was once a Labor stronghold. In Newcastle she said that the new state based tax on mining profits being proposed by the Shadow Treasurer Mike Baird would result in a loss of jobs.
A decision of a South African court to allow miners suffering from lung disease to sue their employers may spell millions of dollars in damages to the mining industry. A recent ruling of the Supreme Court ordered a mining firm in Johannesburg to pay compensation to the family of a dead miner. This overturns a law which prohibited mine workers with lung diseases from claiming compensation.
The Parkes Shire Council said that it was happy with the announcement of an elected New South Wales Coalition government committing to a policy of returning financial resources to the mining affected regions. This would translate into thousands of dollars over the next four years in terms of infrastructure projects.
Australia is near the top of the global mining merger and acquisition deals that took place last year as per a PricewaterhouseCoopers report. It is second only to Canada in the number of transactions that it made in the mining industry as a number of Australian firms tried to benefit from the surging minerals market.
Fire River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) has presented a corporate update for the Nixon Fork Gold Mine Project and to announce a non-brokered private placement.
Argus Metals Corp. (TSX VENTURE:AML) releases a new Transient electromagnetic survey ("TEM") geophysical model of the "Sulphide Feeder Zone" on the Hyland Gold Project, Selwyn Basin, Yukon Territory.
George Pirie, CEO of San Gold Corporation (TSX:SGR) (OTCQX: SGRCF), has reported on preliminary mine development and bulk sampling within the 007 and 007 East Zones from 250 meters (820 ft) below surface.
Strait Gold Corporation (TSX VENTURE:SRD) has reported that it has initiated the permitting process for an expanded 2011 drilling program at its Alicia copper-gold project in Peru.
NuLegacy Gold Corporation (TSX VENTURE:NUG) announces that it has increased the size of the non-brokered private placement announced on February 22, 2011.
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