South Africa is threatening to seize interest in mining companies that fail to have mandated levels of black ownership by 2014. Opposed by labor unions and business leaders, laws such as these are becoming more common around the world. India has also changed royalty and profit sharing rules towards mining companies in an effort to help displaced people.
American Manganese (CVE:AMY) reports the continuing progress of its Artillery Peak manganese project. The Company has made good progress on the project over the past several months despite the difficult environment for financing. For complete news release, click here. For American Manganese’s company profile, click here.
Reunion Gold Corporation (CVE:RGD) announced that its wholly owned subsidiary, Reunion Manganese Inc., has been awarded by the Government of Guyana four (4) prospecting licenses (PLs) to conduct exploration and development activities for manganese in the North West District of Guyana, South America.
Businessspectator.com.au reported on Missing BHP’s Potash point:
GLOBEX MINING ENTERPRISES INC. (TSX: GMX) reported that it has acquired 100% interest in a block of 28 claims covering 588 hectares and a strike length of 6 km in the Woodstock area of New Brunswick.
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