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Mining Boom Not All Good for Australia

The mining boom has brought prosperity to Australia but just to a select few parts. A fact shown by the annual State of the Regions report that claims that most of the country is missing out in the benefits of the profitable mining industry.

20 Jun 2011

Anglo Canadian Oil Signs Pooling-Farm-In Agreement with Quatro Resources

Anglo Canadian Oil has signed a Pooling-Farm-in Agreement with Quatro Resources.

20 Jun 2011

Cabo Drilling to Commence Phase II Underground Drilling at Munella Mine

The Albanian division of Cabo Drilling, has been awarded a phase II underground drilling contract by Ber Alb SH A, which is a division of the Ekin Maden group situated in Turkey. This contract includes 4,000 m of drilling.

20 Jun 2011

Tata Steel to Sell Stake in Riversdale Mining

Tata Steel has decided to sell its 26.72 % stake in Riversdale Mining Ltd for $1.12 billion. The company which is currently controlled by majority stake holder Rio Tinto Jersey Holdings is hoping to de-list.

From Rio Tinto plc 19 Jun 2011

Nevada Governor Reduces Tax Breaks for Mining Industry

Nevada Governor Brian Sandoval signed a law reducing tax breaks to the mining industry, killing the tax cap that was in the constitution since 1864. The new law needs the state Taxation Department to report each year to the new commission on the expenses and deductions of each mining company operating in the state.

19 Jun 2011

Comment by MP Don Randall Lands Him in Hot Water

A comment by Western Australia Liberal MP has taken the media by storm. When MP Don Randall said that the mining industry was being ‘pussy whipped’ by Julia Gillard he would not have expected his comment to be the beginning of such a controversy. Or perhaps he did.

19 Jun 2011