Monday, February 14, 2011 4:44:29 PM
Avoiding the 10% excise tax on unrefined gold exports is their current issue to resolve. They are ready to put in $100 million in development, but will now go step by step and as stated in the PR,and are working to see if the local refiner can do the trick to get appropriate refined purity of their gold, for export to avoid the tax.
"The ability of Olympus Pacific to ship gold from Vietnam had provided a success story to contrast with the experiences of other foreign miners, such as Tiberon Minerals Ltd., which have failed to begin production. Olympus Pacific said last month it has found a Vietnamese refiner which should allow it to export without the tax."
"Olympus Pacific said in a Jan. 28 statement that it would continue with sampling to assess its local refiner’s ability to deliver the purity required for export without the 10 percent tax."
http://www.bloomberg.com/news/2011-02-09/olympus-pacific-plans-to-revive-vietnam-gold-mine-investment.html
Starboy
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM