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Peru asks Congress to raise mining taxes

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Peru's leftist government has presented a bill to Congress that aims to increase mining taxes to fund anti-poverty projects.

Rand may test R7.50 level

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The rand has weakened against the dollar and looks set to hit a new year low above R7.50/dollar.

Gold Fields targets 1 mln oz in S. America

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Gold Fields aims to produce one million ounces of the precious metal per year in South America by 2015, says the company's regional chief.

Anglo to build $3bn Peru mine in 2012

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Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.

Sandvik predicts metals Q3 weakness

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Swedish engineering firm Sandvik said metals prices would be weaker in the third quarter but generally the markets were in decent shape.

Zim mines minister calls for calm

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Obert Mpofu, supported by empowerment and youth minister, Saviour Kasukuwere, say mining licences will not be cancelled in Zimbabwe as negotiations on indigenisation continue.

Transnet rules out Saldanha for manganese

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Transnet Freight Rail has dismissed using the Sishen-to-Saldanha railway line for the future transport of manganese ore, saying the line will be reserved for iron ore.

Deals too expensive, says Anglo’s Carroll

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Mining shares were still too expensive to tempt Anglo American into any acquisitions, says the group's CEO, Cynthia Carroll.

Rock driller loses life at Ezulwini

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A rock drill operator has lost his life at First Uranium Corp.'s Ezulwini mine, the company announced.

Macozoma: beneficiation needs power surety

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Abundant electricity and clarity on the costs thereof are prerequisites for the formation of downstream beneficiation industries, says Tshipi e Ntle chair Saki Macozoma.