G-Resources sells $218 mln shares to fund Indonesia gold project

The proposed tax on mineral ore exports is part of the overall plan to establish a new fiscal regime for the industry to boost government revenue.

Ibram, which represents multinational and large domestic mining firms operating in Brazil, is asking the new government to take steps to break a network that launders illegal gold.

The Environmental Protection Agency’s final determination expected soon would effectively block the mine planned by Northern Dynasty Minerals.

The company is completing final preparations to commence gold mill near Merritt, BC.