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Gold Mourning, Vietnam: Government inflicted gold export duty affects dealers not miners

According to a report released today on BullionStreet.com, gold dealers in Vietnam are feeling the pinch of export restrictions levied at the end of 2010. Due to regulations regarding the purity of bullion and jewelry, these dealers are being squeezed by a 10% export duty that’s imposed on gold bullion with a purity of 99.99% and gold jewelry with a purity of 80%.

Diamond exploration concerns abound at Iqaluit project

Some community members are concerned about plans to expand a diamond exploration project on South Baffin Island. Peregrine Diamonds Ltd. owns and operates the Chidliak project near Iqaluit. The company wants approval from regulators to bring in more workers, more equipment and set more trails to support the next phase of its exploration work.