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South Africa Government Delay Implementation New Mineral and Mining Royalties
In an effort to mitigate job losses in the mining industry, South Africa’s Finance Minister Trevor Manuel on Wednesday proposed that government delay the implementation of new mineral and mining royalties until March 2010.
Mozambique Reports Mining Exploration and Mining Industry Sector Q3 2008
The mining industry of Mozambique is forecast to log an average growth of 9.2% during 2008-2012 and be valued at US$0.38bn in 2012.
The outlook for Mozambique’s mining sector remains bright, with the national director of Mining Resources, Fatima Momade, stating that the mining and oil sectors should be the primary drivers behind GDP growth hitting [...]
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Tournigan shows more high-grade uranium mineralization at Jahodna
Tournigan Gold Corporation is pleased to announce that it has recently received uranium assay results from three additional drill holes of the fourteen-hole, 6200-metre diamond-drill program completed at its 100%-owned Jahodna uranium exploration license in Slovakia. Results received from holes KG-J-6, KG-J-7, and KG-J-8 bring the current number of Jahodna drill holes with completed assay [...]
Namibia: Mining Company Seeks U.S. $38 Million
Forsys Metals Corp, which owns the Valencia Uranium project, said it is seeking to raise US$38 million to fund the initial development of its Namibian operation as well as procure mining equipment.
In a statement, the Canadian-based Forsys Metals, which is also pursuing gold and diamond interests in Namibia, said it has engaged Salman Partners Inc [...]
