Mr Kevin Rudd was warned by Australian Government solicitors (AGS) that there might be legal problems with the proposed mining Resources Super Profits Tax (RSPT) as per new evidence which came to light yesterday during a Senate estimates hearing.
Beaufield Resources Inc. (TSX VENTURE:BFD) has announced the signing of a 10,000 metre drill contract with Chibougamau Diamond Drilling Ltd. Drilling will focus on definition drilling to better understand the true dimensions of the Tortigny copper-zinc-silver-gold deposit which was previously drilled in the 1990s (by a previous operator). The 100%-owned Beaufield property is located on an all- access road 100 kilometres north of Chibougamau, Quebec.
Tumi Resources Limited (TSXV-TM; Pink Sheets - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President and CEO, announces that the Company will drill four of its projects as soon as drill contracts can be arranged. The projects to be drilled will be Mezquite in Mexico and Vitturn, Jonsmossen, and Tomtebo in Sweden.
Terramin Australia (ASX:TZN) looks set to build its zinc mine in northern Algeria. The Tala Hamza zinc and lead project is located near Bejaia and will be the world's first block-cave zinc mine.
MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) has announced that it has closed the non-brokered, private placement financing of $3,430,800 with HudBay Minerals Inc. (TSX:HBM) announced on October 6, 2010.
Metminco Ltd, a mining exploration company with 72.3% stake holding in Hampton Mining Limited is seeking to raise AUD$30 million to accelerate the Los Calatos copper exploration project in Peru.
TVI Pacific Inc. (TSX:TVI)(OTCQX:TVIPF) today announced the acquisition of rights to explore and subsequently acquire a highly prospective Copper-Zinc-Gold Property on the Zamboanga Peninsula, Mindanao Island, Philippines.
Puma Exploration (TSX VENTURE:PUM) has announced the start of exploration activities on the Turgeon Copper Project, located only 25 kilometres northwest of Bathurst, New Brunswick.
ECU Silver Mining Inc. (TSX:ECU) has reported on the second of two newly discovered veins on the Chicago Property. As reported in press releases dated August 25 and August 31, 2010, ECU identified two new veins plus a high grade extension of the known Gambusinos Vein, all within the Chicago Property.
Perilya Limited (ASX:PEM) Managing Director Paul Arndt has said that the takeover bid for an overseas mining company would not have a negative impact on operations in Broken Hill.