Rudd’s Mining Tax Grab Will Hit Hard in Victoria



May 31st, 2010 | File Under : Investment - Metals & Mineral - Mining Exploration

Fights about proper ownership of natural resources, especially mined product, have been a feature of Australian public policy debate since early settlement. Lack of consultation, arbitrariness and an overweening and greedy government famously caused the Eureka rebellion.

Fast forward to today, we have all these ingredients minus the muskets, plus retrospectivity, sovereign risk, slavering international competitors such as Brazil, Indonesia and South Africa, and a growing capital strike.

Much of the future impact of the Rudd government’s new mining tax is thought to fall on...

DMC Mining Increases Exploration Target Size At Mayoko By 30 Percent



January 22nd, 2010 | File Under : Coal - Companies - Gold - Mineral Exploration

DMC Mining has announced an increased exploration target size of 0.9 to 1.3 billion tonnes of dominantly itabirite iron mineralisation at its 80% owned Mayoko Iron Ore Project in the Republic of Congo in West Africa.

Mineral investment company Cape Lambert Resources is DMC’s largest shareholder with 36% of the issued shares of DMC. CFE participated in a share placement in September 2009 at $0.25 per share.