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China to Invest $238 Mln in IRC

News / Independent News : RIA Novosti

IRC, the iron ore division of the London-listed gold miner Petropavlovsk Plc, has signed a tentative deal to raise $238 million from Chinese firms to finance its production growth in the Far East, the company said on Thursday.

Lonmin posts profit jump as wage battle looms

Business & Finance : Business Report

Platinum miner Lonmin more than doubled first-half profit compared to a troubled 2012. ||| London - Platinum miner Lonmin more than doubled first-half profit compared to a troubled 2012 and lifted its production guidance for the yea...

‘Miners see gold peaking at $2,000/oz’

Business & Finance : Business Report

Gold miners expect the price of the metal to continue climbing in 2012. ||| Gold miners expect the price of the metal to continue climbing in 2012, with most respondents expecting a peak around $2,000 an ounce, according to a survey...

Petropavlovsk Gold First Half Output Up 27%

News / Independent News : RIA Novosti

London-listed Petropavlovsk Group, which has gold and mining operations across Russia, saw its 2012 first half gold production jump 27 percent year-on-year to 279,100 troy ounces, the firm said in a statement on Wednesday.

Gold miner Petropavlovsk's first half profit hits $108 mln

News / Independent News : RIA Novosti

Russian gold miner Petropavlovsk Group has posted a first half profit of $108.2 million to IFRS, after a net loss of $55.4 million in the same period in 2010, the firm said on Thursday.

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