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Prospectors strike gold at Irish mine

LONDON, July 1, 2008 (AFP) - An Irish mining group said Tuesday it had discovered the biggest gold mine ever found in Britain or Ireland, with upwards of one million ounces (28,350 kilograms) of the precious metal.

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ECB unveils new gold sales totalling 30 tonnes

FRANKFURT, July 1, 2008 (AFP) - The European Central Bank said Tuesday that it had recently sold 30 tonnes of gold, on top of 42 tonnes sold in late 2007 under a central bank agreement.

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South Africa gold production tumbles after power crisis

JOHANNESBURG, June 3, 2008 (AFP) - Gold production in South Africa fell 16.8 percent in the first quarter of the year following widespread power cuts, figures from the chamber of mines showed on Tuesday.

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'Life with mining is hell': Ghanaian NGO

A civil society group in Ghana has accused gold mining companies of killing agriculture, displacing local populations and damaging the environment, saying that life for mining communities is 'hell'.

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Gold miners chased from French Guiana flee to Suriname

GEORGETOWN, May 20, 2008 (AFP) - French President Nikolas Sarkozy's efforts to rid French Guiana of illegal gold miners has forced the precious metal hunters into neighbouring Suriname, the World Wildlife Fund (WWF) said here Tuesday.

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IMF moves toward gold sales

WASHINGTON, May 6, 2008 (AFP) - The International Monetary Fund board of governors Tuesday approved a new program that calls for the sale of 403.3 tonnes of IMF gold reserves as part of a wide-ranging financial overhaul.

The plan would create an 'endowment' that helps provide a steadier source of income to the international organization that has drastically scaled back on lending.

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IMF approves plan to sell 403 tonnes of gold

WASHINGTON, May 6, 2008 (AFP) - The International Monetary Fund board of governors Tuesday approved the sale of 403.3 tonnes of IMF gold reserves as part of a financial overhaul that helps boost its sagging coffers.

The plan would create an 'endowment' that helps provide a steadier source of income to the international organization that has drastically scaled back on lending.

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Operations resume in South African gold mine after fatal accident

JOHANNESBURG, May 6, 2008 (AFP) - Mining in two South African gold mines, suspended last week after nine miners were killed when their lift cage plummeted down a shaft, has resumed, a company spokesman said on Tuesday.

'Operations started on Monday in Kloof and Driefontein. Operations will resume in the third mine, South Deep, on Thursday,' Andrew Davidson told AFP.

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South African gold mine back to work after tragedy

JOHANNESBURG, May 6, 2008 (AFP) - Two South African gold mines, which suspended operations last week after nine miners were killed when a lift cage plummeted down a shaft, have resumed operations, a company spokesman said Tuesday.

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South African gold mines shut down in Papua New Guinea: reports

SYDNEY, May 5, 2008 (AFP) - South African mining company Harmony Gold Mining Limited has shut down two of its operations in Papua New Guinea over disputes with local landowners, reports said Monday.

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