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Namibia Withdraws Planned Mining Tax Hike

The government of Namibia has withdrawn its proposed mining tax hike. Earlier in the year the Namibian government had announced a proposal to raise the mining tax rate to 44% from its current rate of 37.5 %. The Deputy Finance Minister of Namibia, Calle Schlettwein, said that the proposal had been withdrawn to increase the corporate tax on mining companies.

18 Aug 2011

Nevada Copper Reports Additional Step-Out Drilling Results from Pumpkin Hollow Property

Nevada Copper has reported further encouraging step-out drilling results from the Pumpkin Hollow property in Nevada.

From Nevada Copper Corp. 18 Aug 2011

Empire Resources Intersects High Grade Copper at Yuinmery

Empire Resources has announced high grade copper intersections from its drilling exploration at the A Zone in the Yuinmery copper gold project. The Yuinmery project, located 80 km south west of Sandstone, is one of two projects located in Western Australia that belong to the company. The other is the Wynne project.

From Empire Resources Limited 16 Aug 2011

OZ Minerals Profit Drops 72%

The profits of Australian mining company OZ Minerals (ASX: OZL) have taken a hit this financial year dropping a drastic 72% at the half year point. Net profits at the copper mining company fell to $113.9 million from $405.7 million in the same period last year. The net profit for the calendar year 2010 had been recorded at $586.9 million.

From OZ Minerals Limited 16 Aug 2011

Gold Hawk Changes Name to Oracle Mining Corp.

Gold Hawk Resources has changed its name to Oracle Mining Corporation. The Vancouver based company is listed on the TSX Venture exchange and will now have its shares trade under the symbol OMN starting this Tuesday.

16 Aug 2011

Cartier Resources Reports New Assay Results from Cadillac Extension Project

Cartier Resources has reported latest results from the channel samples, which yielded 83.57 g/t silver, 3.03% copper and 1.63% zinc over 10.0 m in a wider interval taken partly across a fold formation grading 31.84 g/t silver, 1.00% copper and 1.11% zinc over 58.0 m at the Cadillac extension project, which is situated 115 km east of Val-d'Or in Quebec.

From Cartier Resources Inc. 16 Aug 2011

Xstrata Looks to Expand Mount Isa with Large Multi-Commodity Open Pit Mine

The Swiss mining company Xstrata has decided to start a $47 million study to transform its Mount Isa mining operation. The firm wishes to develop a large multi-commodity open pit mine at the already present mine in north west Queensland. The study is to begin in August and will be completed by early 2013.

11 Aug 2011

Sono Resources Expands Aeromagnetic Survey at its Copper-Silver Project, Africa

Sono Resources has expanded the high-resolution aeromagnetic survey at its copper-silver project.

11 Aug 2011

VMS Ventures Reports High Grade Copper Discovery

VMS Ventures Inc. has announced its results from a drilling program on the Super Zone property which is situated 1.8 km north east of the Reed Copper deposit. Both Super Zone and Northwest Zone properties are part of four properties next to the Reed Copper deposit that is under option to HudBay Minerals Inc.

10 Aug 2011

International PBX Ventures Reports Additional Results from Copaquire Porphyry Property

International PBX Ventures has released additional encouraging results from the current resource expansion and in-fill drilling at its Copaquire porphyry copper property, northern Chile.

10 Aug 2011