Gold reaches 400,000 ounces, and counting
Gold mining this year has continued its shine for the country’s economy and with two weeks left before 2013, declarations could rack up a bountiful US$700M.
Authorities reported that as of yesterday, declarations broke the 400,000-ounce mark, the first time since 2006 when big producer Omai Gold Mines ceased operations.
It means that gold, buoyed by high world prices, would remain king as the largest export earner for the government coffers this year, all thanks to small and medium scale mining.
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