The Treasury Secretary Ken Henry defended the new mining tax before a Senate committee in Canberra that is investigating the new taxes that the Gillard government has planned. This includes the Minerals Resource Rent Tax (MRRT) which has subsequently evolved into a more complex tax to accommodate specific mining industry requests and government needs.
By Joel Scanlon
22 Nov 2010
Close on the heels of the ordeal of 33 Chilean miners trapped in an underground copper mine, yet another tragedy has struck the mining industry. 29 men are trapped down the Pike River coal mine in New Zealand. There has been no contact with the miners since an explosion ripped through the Pike River colliery. Naturally occurring methane gas is thought to have caused the coal mine explosion. High levels of gas have been detected near mine ventilation shafts.
By Dr. Cameron Chai
22 Nov 2010
Centerra Gold Inc. (TSX:CG) today has clarified the status of its Mongolian Licenses, in particular, the Company's principal Gatsuurt hardrock mining license which is not on a list of alluvial licenses to be revoked.
Valterra Resource Corporation (CNSX:VTA)(FRANKFURT:3VA) previously reported on June 18, 2009 that Lawrence Page, Q.C. of 1100 – 1199 West Hastings Street, Vancouver, British Columbia V6E 3T5, together with Manex Investments Inc. and Manex Resource Group Inc., companies at the same address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C. exercises control and direction, had acquired shares and units through the facilities of the Canadian National Stock Exchange and through Private Placement purchases, at prices ranging from $0.09 to $0.30 and beneficially owned 3,604,333 common shares representing 13.14% of the outstanding capital of the Company.
Renaissance Gold Inc. (TSX VENTURE:REN) has reported that it has entered into an exploration earn-in agreement with Rose Gold LLC, a subsidiary of Navaho Gold Pty Ltd of Brisbane, Australia on the Company's Rose Mine silver/gold exploration property located approximately 8 miles west of the city of Eureka in Eureka County, Nevada.
Silver Quest Resources Ltd. (TSX VENTURE:SQI) has announced that it has entered into an option agreement to acquire a 100% interest in 316 quartz mineral claims covering approximately 6,400 hectares known as the Rude Creek Property.
Skyline Gold Corporation (TSX VENTURE:SK), a company engaged in the exploration for high-grade gold deposits and development of its Bronson Slope project at the Snip Gold Mine camp in north western British Columbia's 'Golden Triangle', has announced that it has agreed to acquire 8,775 hectares of mineral tenures from St. Andrew Goldfields Ltd. adjacent and near the Company's current tenure holdings in return for total payment of $1,406,000 subject to receipt of regulatory approval.
Solid Gold Resources Corp. (TSX VENTURE:SLD) has reported that diamond drill core samples are being submitted for assay.
Southern Arc Minerals Inc. (TSX VENTURE:SA) and Newcrest Mining Limited has announced that they have signed a Heads of Agreement involving a joint venture investment in Southern Arc's Taliwang gold-copper property, in the western portion of the Island of Sumbawa, Indonesia.
Tinka Resources Limited (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF) Andrew Carter, President, reports that at the Company´s Tibillos copper porphyry property, located in the coastal batholith 65 km east of Ica, Peru, a preliminary mapping survey has been completed.
Troy Resources NL (TSX:TRY)(ASX:TRY) has announced the first gold and silver pour at the Casposo Project as part of commissioning of the refinery section.
Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam.
Mawson Resources Limited (TSX - MAW; Frankfurt - MRY) Mr Michael Hudson, President & CEO, announces the first channel sample results from the Company's 100% owned Rompas gold-uranium project in northern Finland.
The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.
By Dr. Cameron Chai
21 Nov 2010
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
By Dr. Cameron Chai
21 Nov 2010