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.
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.
Uranium North Resource is mobilizing the drill rigs to the Amer Lake uranium project in Nunavut for the 2011 drilling program.
Kirrin Resources has finished an electromagnetic geophysical study of a1,531 line-km conducted via helicopter that was time-bound.
Pacific Bay Minerals CEO has reported that its partner Strateco Resources has sent a notice stating that it has finished ten drill holes including the drilling of 5,511 m, which targets the Alfred Fault, a potential uranium formation situated on the claims possessed by Pacific Bay Minerals.
Uranium Resources has received permit from the Railroad Commission of Texas’ Surface Mining and Reclamation Division to execute the exploratory drilling at the 54,847 acres in Kenedy County, Texas, which is called as the ‘Los Finados Project.’
Uranium North Resources is exploring five gold properties, in which two properties are for drilling.
French company Areva announced 2 billion euro worth of sales in the first quarter in a statement on Monday. This is 2.2% higher than the same quarter last year. The rising prices of uranium have undoubtedly contributed to the mining and enrichment business of the company.
Woomera village is the center for an Australian Defence Force facility that supports a defence weapons testing range for the RAAF. Located in the north western part of the outback desert it was established in mid 1947. The launch site in the facility was in its day a rival to the one at Cape Canaveral and was central to Australia’s position in space research and development.
Extract Resources is a uranium explorer hoping to conduct business in Namibia. The company has said that it will be seeking clarification from the Namibian government on comments that were made by it regarding plans to assign almost all mining and exploration rights to the state owned mining company.
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