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.
Russia-focused Ovoca Gold (LON:OVG) has received a key permit which allows the group to apply for a mining licence on the presently drilled reserves of the Olcha deposit – part of the Rassoshinskaya licence.
The Russian State regulatory body concerning the certification of state resources has granted to the company a Certificate of Discovery regarding Olcha, the company announced.
With this certificate in hand, Ovoca’s Russian subsidiary ZAO Bulun can apply for a mining permit on the presently drilled reserves.
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