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Gold hits 2-week high on gains in equities, euro

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Gold has hit a 2-week high as gains in equities and the euro prompt buying from speculators, after central banks took action to prevent the euro-zone debt crisis from igniting a global meltdown.

China aluminium capacity to rise 60% by 2015

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China's annual capacity of primary aluminium may rise by 60% in coming four years, says an industry official.

Zambia not keen on mine windfall tax

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Zambia will not re-introduce a mine windfall tax it abolished in 2009, says its Finance Minister.

Sierra Leone to post mining revenues online

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Sierra Leone will soon launch a public website to detail mining revenues in an effort to ensure that an expected resource bonanza is handled transparently, officials say.

Revised MPRDA at least a year away

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Proposed amendments to the Mineral and Petroleum Resources Development Act will not come into law before end-2012, says Mines Minister Susan Shabangu.

Rio Tinto sees customers turning cautious

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Rio Tinto has warned that further cracks may be emerging in global commodities markets as the economies of Europe and the United States waver.

BHP Billiton CFO Vanselow steps down

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BHP Billiton has announced the retirement of its popular chief financial officer Alex Vanselow and expanded its top management committee.

ANC to redraft nationalisation report

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The African National Congress has returned a report with policy recommendations on the issue of mine nationalisation for redrafting, says a senior party official.

Anglo’s growth assets near production

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Diversified miner Anglo American’s production profile will change dramatically over the next two years as its four largest expansion projects are commissioned.

Unity needed in nationalisation debate: Phosa

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South Africa should speak with one voice on the issues that troubled its economy, such as nationalisation, said Mathews Phosa, ANC Treasurer-General.