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  • Tanzania Gold Exports Rose 9.9% in Year Ended July

    Tanzania's gold exports rose to to $3 billion in the 12 months to the end of July, up 9.9% compared with the year- earlier period, the country's central bank said Wednesday. The increase in exports from $2.73 billion a year earlier was largely thanks to relatively high gold prices in the world market, the bank said in its August economic review. The average price of the precious metal on the global market rose 16% on year, to $1,846.80 a troy ounce in the 12- month period, as uncertainty...

  • Zijin Mining Group's First-Half Profit Surged on Base Metals Demand

    Zijin Mining Group's (ZIJMF) first-half net profit more than doubled on the back of a rise in revenue and strong demand for base metals, the company said Saturday. Profit rose to 6.65 billion yuan from CNY2.42 billion in the year-ago period, while revenue climbed 32% to CNY109.86 billion. The Chinese mining company cited the global economic recovery and resulting growth in demand for base metals as driving the results, but said that loose monetary policy and inflation pose potential...

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