Cap-Ex Ventures has reported the preliminary drilling results from its Block 103 property and has identified a fresh high-grade magnetite zone at the Green Bush Lake’s east side.
Ferrex has begun resource drilling at its Malelane iron ore project in the prospective Mpumalanga Province of South Africa. They intend to cover 2,700 meters over 4 months to make the make the first JORC compliant resource by the opening quarter of 2012.
Indian companies are bidding on iron ore mining contracts in Afghanistan. The mine in question in Bamiyan province is being eagerly bid for despite security issues.
Guinea signed a new 106 page updated mining code into law last week. Mines Minister Mohamed Lamine Fofana said that it would root out unconscionable provisions and tone down Chinese investment in the nation.
Northern Iron has announced the next set of assay results of three drill holes from the Karas property.
Canadian Orebodies has released the first set of results from their ongoing drilling exploratory program at the Haig Inlet Iron Ore Project. The iron ore project is situated on the Belcher islands in Nunavut in Canada.
Is the mining industry really the big boon for the Australian economy that it is made out to be? A new report from The Australia Institute questions this. The author of the report and economist Richard Dennis said that the political clout of the mining industry was way out of proportion with its economic reality.
The Brazilian miner Vale SA is likely to sell its giant bulk carrier ships to China. The world’s largest iron ore producer had commissioned more than a dozen such ships but has decided that it does not want to become a major freight operator.
A new report that was commissioned by the Minerals Council of Australia says that miners will pay close to $23.4 billion in tax to federal and state governments in 2010-11 financial year. Deloitte Access Economics said in the report that the mining industry has paid an average tax of 41.5% from the financial years between 2007-8 to 2009-10.
In Guinea the new National Transitional Council has begun debating a mining code that proposes the government own a 35 percent stake in commodity companies. Rumors have it that the code recommends a free participation level of 15 percent for the government and the right to buy another 20 percent.
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