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Australian Greens Pushing for More Revenue from Mining

With record profits announced by BHP Billiton and the alleged loss of tax funds due to the renegotiation of the new mining tax, there has been a call by the Australian Greens to impose a higher tax on mining companies.

From BHP Billiton Plc 21 Feb 2011

Mega Uranium Updates on Development of Lake Maitland Uranium Project in Australia

Mega Uranium Ltd. (TSX:MGA) has provided an update on the development of its Lake Maitland Uranium Project in Western Australia.

From Mega Uranium Ltd. 17 Feb 2011

Onward & Upwards for BHP Billiton as Profits Soar

First half year profits of BHP Billiton took a record leap of a 71 % to reach a profit of $10.6 billion of which $10 billion will be returned to shareholders. Reuter’s analysts had predicted a profit of $10.3 billion for the same period and they were also surpassed.

From BHP Billiton Plc 16 Feb 2011

Australia Loses $60 BN in Mining Revenues

Australia will collect about $60 billion less in mining tax over the next ten years than previously predicted thanks to the changes made in the proposed mining tax last year prior to the elections. The treasury figures say that the original unhampered tax would have collected Australian $99 billion between the financial years of 2012/13 to 2020/21.

16 Feb 2011

Paladin Posts $29.5 Million Loss

Paladin Energy (ASX: PDN) has seen its first half net loss grow to $29.5 million as the company revised its production forecast.

From Paladin Energy Ltd 15 Feb 2011

Rockgate Capital Reports Assay Results from Falea Project

Rockgate Capital Corp. (TSX:RGT) has announced assay results from five diamond drill holes completed on the 084 Trend, North Zone Area at Rockgate's 100% owned Falea Project.

15 Feb 2011

Australian Greens Question Future Sales of Uranium to India

The Australian Greens are questioning the true stance of the government on the issue of selling uranium to India. The public stance of the government is that the developing nation must sign the nuclear non-proliferation treaty before it is allowed to import uranium from Australia.

14 Feb 2011

Record Earnings for BHP Billiton

BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.

From BHP Billiton Plc 14 Feb 2011

Pitchstone Exploration Commences RC Drilling at Dome Property in Namibia

Pitchstone Exploration Ltd. (TSX VENTURE:PXP) announces that a program of reverse circulation drilling has begun on a zone of calcrete-hosted uranium mineralization on the Dome property in Namibia.

9 Feb 2011

Marathon Awarded SA Exploration Licence, Minchin Not Happy

A renewed license for Marathon Resources (ASX:MTN) to explore for uranium resources in the Arkaroola Wilderness Sanctuary has the Wilderness Society and South Australian Liberal Senator Nick Minchin up in arms.

8 Feb 2011