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Proposed Mining Tax Not Good for Australia: New Report

In another setback to the mining tax proposed by the federal government a senate inquiry found that it would affect Australia’s competitiveness and should be cancelled. The Western Australia Liberal senator and committee’s chairman Mathias Cormann summarized the findings on the minerals resource rent tax (MRRT) in Perth.

30 Jun 2011

Skeena Resources Announces Further Assay Results from Tropico Project

Skeena Resources has reported assay results of four further holes from its ongoing 5,000 m diamond drilling at the Tropico Project in Mexico.

30 Jun 2011

Tintina Resources Reports Additional Assay Results from Sheep Creek Project

Tintina Resources has announced the assay results of additional 11 drill holes from the drilling program at its Sheep Creek Copper-Cobalt-Silver property in Central Montana, USA.

30 Jun 2011

Silver Pursuit Resources to Start Diamond Drilling at Luz Property

Silver Pursuit Resources will begin diamond drilling at its LUZ property, which is situated 50 km north of Alamos in Mexico.

28 Jun 2011

Highpointe Exploration Announces Drilling at Tasco Property

Highpointe Exploration has planned to continue the suggested exploration at its Tasco property.

27 Jun 2011

Africo Resources Re-Begins Drilling at Kalukundi Project

Africo Resources has restarted the drilling program at its Kalukundi property in the Katanga Province, Democratic Republic of the Congo.

27 Jun 2011

Capella Resources Identifies New Copper/Gold Targets in Peru

Capella Resources has identified a new copper/gold porphyry target on its property in Peru. The airborne magnetic geophysical survey on the El Rojo and Habanero properties located in southern Peru was conducted by Geotech Ltd from Aurora in Ontario.

23 Jun 2011

Eagle Plains Resources Signs Agreement with Ecomax Energy Services for Acacia Property

Eagle Plains Resources has signed an agreement with Ecomax Energy Services, through which Ecomax can earn a 60% interest in the Acacia property.

23 Jun 2011

Rio Tinto Increases Stake in Ivanhoe to 46.5%

Rio Tinto has increased its stake in Ivanhoe to 55.1 million shares making it the owner of 46.5% of the company.

From Rio Tinto plc 22 Jun 2011

Empire Mining Reports Further Assay Results from Bursa Project

Empire Mining has received further assay results from the drill holes DTH-009, DTH-010, and DTH-018 at the Demirtepe target. This target is on the Bursa copper-gold-silver-molybdenum project in Turkey.

22 Jun 2011