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Rand seen below R8/$ by end-2012

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The rand is expected to firm to R7.825/$ in 12 months, a Reuters poll shows, but that is dependent on a solution to Europe's debt crisis and a pickup in global growth.

Soft landing in China forecast

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China's GDP growth would continue to be supportive of metal prices, according to a report by Goldman Sachs. However, the rand would strengthen before the end of 2012.

Tanzania police foil robbery at AngloGold mine

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Heavily armed robbers have tried to steal a stack of gold bars from a plane at an airstrip near a mine in Tanzania owned by AngloGold Ashanti but were thwarted by the police.

Chinese set Feb 2 deadline on Kalahari bid

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CGNPC has set a February 2 deadline on its offer for Kalahari Minerals, which may trigger a $2.2bn bid for Kalahari's Australian subsidiary Extract Resources Ltd as early as March.

Zambia govt mediating in First Quantum strike

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Zambia's government is mediating to end the strike that has halted production at Canada's First Quantum Minerals flagship copper mine, says the minister of labour.

Gold up on seasonal China buying; Iran eyed

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Gold is on course for a fifth straight session of gains as growing anxiety on Iran boosts its safe-haven appeal and rising seasonal demand in China buoys sentiment.

AngloGold reports Savuka fatality

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AngloGold Ashanti has reported a fatality at its Savuka mine near Carletonville, following a fall of ground accident.

Appeal against MWS’ water licence dismissed

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First Uranium Corporation says the appeal lodged against Mine Waste Solutions' water use licence has been dismissed.

Jintu deal sealed as Gold One hits target

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Gold One International has exceeded its production target for 2011, avoiding a punitive "claw-back' clause which formed part of its takeover by the Jintu-led consortium.

ENRC, First Quantum settle DRC dispute

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Kazakh miner ENRC has agreed a $1.25bn settlement with First Quantum Minerals to end a long-running dispute over ownership of the Kolwezi project in the DRC.