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.
Turkey-focused gold miner Ariana Resources ( LON:AAU ) said today that it has a “key opportunity” to substantially increase its mineral exploration footprint in western Turkey now that licence auctions in the country have been announced.
Turkey’s auctions for what are known as ‘Group IV’ licences (which include gold, silver and copper) are due to commence in January and continue until May 2012. In all, 1,252 exploration licences will be auctioned via a consecutive closed and open bidding process.
