Agnico Eagle expands stake in First Nordic to 13%
First Nordic is finalizing its acquisition of the Oijärvi gold project in Finland.
The draft Bill has stipulated that miners of major and minor minerals will set aside an amount equal to the royalty paid by them to states for the development of the region being mined.
“The draft Bill provides for the state government to notify and invite applications in the form of competitive offers for grant of a prospecting licence over an area where reconnaissance has been conducted,” a source, who did not wish to be identified, said.
