Notable Quotes
"NG could be quite rewarding to a patient resource investor." (2/6/12) NovaGold Resources Inc. - The Gold Report Interview with Byron King More >
"RV has multiple catalysts from a diversified asset base." (2/3/12) Revolution Resources Corp. - The Gold Report Interview with Joe Mazumdar More >
"Tests indicated NGC's jumbo flake is superior to Chinese graphite." (2/2/12) Northern Graphite Corporation - Morning Coffee More >
"LMA has a strong growth profile." (2/1/12) La Mancha Resources Inc. - Nicholas Campbell, Canaccord Genuity More >
"SVL is in a position to power much higher." (2/1/12) SilverCrest Mines Inc. - Clive Maund, Clive Maund gold, silver, & oil shares More >
"CNL continue to return robust average gold grades." (2/2/12) Continental Gold Ltd. - Jamie Spratt, Clarus Securities More >
"It is a critical year for ORV." (2/3/12) Orvana Minerals Corp. - The Gold Report Interview with Joe Mazumdar More >
"LMA has released excellent exploration drill results from two properties." (2/1/12) La Mancha Resources Inc. - Adam Lucas, Ocean Equities More >
SA to Publish Mining Charter Review
Source: Bloomberg, Carli Lourens (8/31/10)
"Charter stipulates rules on local ownership. . ."
South Africa, the world's largest platinum producer, plans to release its reviewed Mining Charter, which stipulates rules on local ownership, within the next few weeks after earlier saying it would be completed by today.
The review will be published "within weeks," Jeremy Michaels, spokesman for the Department of Mineral Resources, said by mobile phone today. Mines Minister Susan Shabangu said on June 30 that the review, which started last year, would be completed in August.
The 2004 Mining Charter set targets for boosting black participation in the industry to make amends for apartheid, the segregation policy that ended in 1994. It required companies to sell 15% of their South African assets to black investors by the end of 2009 and 26% by 2014. The government was required to review the document five years after inception.
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MJX: Somine Update
