The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...
Minotaur Exploration based in Adelaide has found a promising iron ore prospect west of Broken Hill in South Australia. Today Minotaur Resources reported a 40km long magnetite iron ore deposit which is about 124m thick.
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 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.