The ousting of Kevin Rudd leads to a surge in mining stocks, driven by a potential shift in the Resources Super Profits Tax under Julia Gillard's leadership.
QRC's survey indicates the Super Profits Tax may threaten mining operations, risking 10,000 construction jobs and hindering economic development in Queensland.
The mining industry is poised for a $170 billion boom in 2010-11, as iron ore and coal prices soar, benefiting major players like Rio Tinto and BHP.
The republic of Mongolia is currently being wooed by the London Stock exchange, Hong Kong Exchanges and Clearings, and Nasdaq. The issue is the listing of Mongolian Mining Companies. The estimated mineral wealth of Mongolia is said to be vast despite limited exploration in the country.
The Yellowstone mining project proposed by the New World Mine about 20 years ago has been well and truly squashed by the Trust for Public Land. Alex Diekmann, a project manager for TPL confirmed that the group had finally purchased the last 772 acres of mining claims from private owners.
The image of Afghanistan as a poor under developed country may soon need a change as Pentagon geologists have placed the value of mineral deposits in the country at an estimated US$1 trillion.
On Tuesday Newcrest released a statement saying that it has completed the due diligence process to takeover its rival Lihir Gold Ltd. Lihir must now contribute to the proposed merger of the two companies by entering a exclusivity period with Newcrest.
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