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reuters

Ghana mulls whether to scrap windfall tax on miners’ profits

12 September 2012 By admin

* Government delays collecting tax, "weighing options" * Ghana looking to capitalise on soaring gold prices * Worries tax could do more harm than good By Kwasi Kpodo ACCRA, Sept 11 (Reuters) - Ghana has delayed implementing a windfall tax on mining profits while it considers whether to scrap the proposed levy, the head of the country's mining regulator said … [Read more...] about Ghana mulls whether to scrap windfall tax on miners’ profits

UN says Liberia lacks resolve to stamp out blood-diamond trade

12 September 2012 By admin

* Trade helped fuel Liberia's 1989-2003 civil war * Report says Liberia's capacity to regulate weak * Liberia issuing forestry permits with limited obligations By Michelle Nichols UNITED NATIONS, Sept 11 (Reuters) - Liberia is showing only limited commitment to efforts to stop the trade in blood diamonds that has fueled conflicts in Africa, … [Read more...] about UN says Liberia lacks resolve to stamp out blood-diamond trade

Great Basin Gold suspends operations at South Africa mine

12 September 2012 By admin

Sept 11 (Reuters) - Precious metals miner Great Basin Gold Ltd said it suspended operations at its Burnstone mine in South Africa as it was unable to arrange for the working capital for the mine. The miner had initiated a strategic review last month to consider options such as a sale of the company. Great Basin said it was looking to finance immediate costs of $30-$40 … [Read more...] about Great Basin Gold suspends operations at South Africa mine

S.Africa’s spending growth quickens to 4.7 pct in Q2

11 September 2012 By admin

PRETORIA, Sept 11 (Reuters) - Spending growth in South Africa quickened to 4.7 percent in the second quarter from 4.3 percent in the first quarter as growth in fixed capital formation increased and government spent more on wages, the central bank said on Tuesday. Households continued to tighten purse strings with spending growth registering the lowest rate of increase in … [Read more...] about S.Africa’s spending growth quickens to 4.7 pct in Q2

UPDATE 1-Rugby-Argentina retains pack to test Australia

11 September 2012 By admin

(Adds details) Sept 11 (Reuters) - Argentina coach Santiago Phelan has kept faith with the forward pack that made life difficult for New Zealand last week and made just two changes to his backline for their Rugby Championship clash against Australia on Saturday. Martin Landajo has replaced Nicolas Vergallo at scrumhalf, while Lucas Gonzalez Amorosino takes the place … [Read more...] about UPDATE 1-Rugby-Argentina retains pack to test Australia

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