Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Banro Corporation (NYSE AMEX – “BAA”; TSX – “BAA”) reports that construction of its wholly-owned Twangiza “Phase I” gold mine in South Kivu Province, Democratic Republic of the Congo, is proceeding quickly and that the company remains on schedule to begin commercial production in the fourth quarter of 2011. Read the press release
