Off The Wires

Gold pumped $78.4bn in top mining economies

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Gold contributed $78.4bn into the world's top 15 mining economies during 2012, according to a report by the World Gold Council and PricewaterhouseCoopers.

Madagascar candidate would cut taxes

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Jean Louis Robinson, a presidental candidate in Madagascar's upcoming elections, says he will cut taxes in order to attract foreign investors.

Indian coal miners watchful of SA’s BEE

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Indian investors retained an interest in South Africa's coal sector but proposed changes to BEE regulations worried them, Webber Wentzel said.

Zambia leaving nationalisation era behind

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Zambia's government said it was leaving the era of nationalisation firmly in its past and was likely to reduce its stake in its copper investment ZCCM to below 50%.

Miners face ban in Zim for river pollution

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Zimbabwe's Environmental Management Agency may ban 11 junior mining companies after cyanide and mercury were discovered in the Mazowe river.

Central banks don’t understand gold

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The world's central banks tend to buy gold high and sell low and have a track record of not understanding the metal.

Gecamines may sell Kamoto mine

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The Democratic Republic of Congo's Gecamines said it was to sell its 20% stake in the Kamoto Copper mine which it shares with GlencoreXstrata.

DMR’s Ramontja a director of PAMDC

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Thibedi Ramontja, director-general of the Department of Mineral Resources is a director of PAMDC which is in a mining right tussle with Aquila Resources.

AngloGold’s Mboweni critical of labour

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AngloGold Ashanti chairperson, Tito Mboweni, has been critical of South Africa's labour relations history saying it was involved destructive behaviour.

Gold Fields to lift output 10% in Q3

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Gold Fields is set to demonstrate the effects of uninterrupted production at its Ghana gold mines in the third quarter.