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GFMS: gold to breach $2,000 by year-end

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Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, says metals consultancy GFMS.

Pan African tipped for more gains

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Pan African Holdings has posted share price gains of around 34% in 2011, following a 27% rise in 2010. Some may ask whether it is time to sell on a high.

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.

Sekoko in talks with ‘cornerstone’ investor

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Sekoko Resources, in joint venture with Firestone Energy to develop coal in the Limpopo province's Waterberg, is in talks with multinational power company that could become a cornerstone shareholder.

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.

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.

Egypt to invest in Rwanda power

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Orascom Construction Industries plans to invest up to $130m in Rwanda in the next three to four years to build a methane power plant to produce 50 megawatts.

Rand slides on Euro nerves, poor growth

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The rand slide to 7.4 against the dollar, a decline of 1.7% on Wednesday in nervous trade ahead of more European talks on Greece's debt and weakening domestic growth in South Africa.

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.

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.