"Another issue that MICC is now tasked to discuss is the new fiscal regime on mining."
"The Senate recently approved to increase the excise taxes on metallic and non-metallic mining resources from 2 percent to 4 percent."
I hear they have increased the excise tax from 2% to 4%, and this will now resolve all the issues of E079. The DENR is very likely to now overturn the ban on open pit mining. This would bring RTG's 64% owned Mabilo deposit into play. This is 1-2Mozs @ 5-6g/t aueq with porphyry exploration yet to occur. DSO capex is just $17M ...
I have been saying this is likely to happen before the end of the year. If it does, the effect would be enormous. This is completely separate from their Panguna aspirations
