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Nevada Copper Reports Positive Drilling Results from Pumpkin Hollow Property

Nevada Copper has announced additional encouraging results from the ongoing 20,000 m expansion and step-out drilling program at the Pumpkin Hollow property in Nevada.

From Nevada Copper Corp. 16 Jun 2011

Tanzania Mining Tax Highly Likely

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.

15 Jun 2011

Kansanshi Mining Plans $900 Million Investment at Zambian Copper Mine

Kansanshi Mining a subsidiary of First Quantum Minerals operates the largest copper mine in Zambia. The company may spend to the tune of $900 million to increase production at the mine over the next three to four year period as copper prices soar.

15 Jun 2011

Australian Treasurer Says Resource Boom Will Bring Huge Opportunities

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.

15 Jun 2011

Kazakhmys Gets $1.5 Billion Loan from China to Develop Aktogay Copper Project

Kazakhstan based metals producer Kazakhmys has been approved for a $1.5 billion loan by the China Development Bank. This will allow it to develop its huge Aktogay copper project situated in eastern Kazakhstan.

14 Jun 2011

Draft Mining Tax Released by Australian Government

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.

13 Jun 2011