Namibia plans to get a larger slice out of the profits generated by mining by increasing its mining tax by 17%. Namibia is a country rich with mineral resources and a reasonably well established mining industry that already generates 25% of Namibia's revenue, mining is the single most important contributor to the economy.
Indigenisation and Empowerment Minister Saviour Kasukuwere said that the government of Zimbabwe had not thrown out all 175 indigenization proposals that it had received from mining companies.
Ur-Energy has commenced the 2011 drilling campaign at the Lost Creek project and is continuing its exploration efforts at the Lost Creek north property.
Indian nuclear aspirations got a boost when the upcoming uranium mine in the state of Andhra Pradesh was found to have three times the original estimated deposits. The mine in Tumalapalli has been reported to have 49,000 tonnes of uranium with indications that the total quantity could be more than 150,000 tonnes.
Toro Energy has bought an additional 25% stake in the Nowthanna uranium project taking its total holding up to 70% in the project that is situated 150 km west from its Wiluana uranium mine.
Black Range Minerals has completed additional three diamond drill holes in the current drilling at the Hansen uranium deposit in Colorado, USA.
The World Heritage Committee of UNESCO has warned the Tanzanian government against mining for uranium and conducting oil exploration in the region known as the Selous Game Reserve. This came in response to Natural Resources and Tourism minister Ezekiel Maige announcing that about 34,532 hectares of land was to be used for a $400 million uranium mine.
Crosshair Exploration & Mining has started a drilling program at both the CMB Joint Venture (CMB JV) uranium project and CMB uranium-vanadium project, which is situated in Canada.
Gina Rinehart said that the international competitiveness of Australia would be impaired by the proposed mining and carbon taxes. The iron ore heiress was speaking on the sidelines of the Boao Forum for Asia business conference in Perth.
Following in the footsteps of many resource-rich nations Mozambique is also planning to amend its old mining laws. Mining Minister Esperanca Bias confirmed this in a recent interview, saying the government was having discussions with all stakeholders.
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