21st May 2010. Appears to be great angst from the mining community and a degree of misreporting about a proposed new tax impost on mining production. What is not told is that although miners pay the increased tax in the production phase, they get that same rate as a tax benefit in the exploration stage. Our proposed tax rate is in the 40 % range, in Norway, a very robust economy with a massive sovereign fund, it is in the 70% range and has been for some time.
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