But the fund warned that only further tightening of fiscal and monetary polices would contain the country's large deficits.
Anglo Gold Ashanti Mining News
We often hear that large gold producers are usually not the best explorers. As such, when it comes time to replenish or grow their resource base, they must look to M&A.
A new method of underground gold mining, being tested by AngloGold Ashanti, is filling headlines in the country, as the method has the potential to reverse the decline in South Africa’s gold output.
The lands will be open for mining licenses, but a majority of them are in protected zones, so officials would have to carefully pick specific regions to auction.
South African gold producers are expected to report lower quarterly earnings with production knocked across the board as output-disrupting safety stoppages continue to sting, a Reuters poll of 7 analysts showed.
Once tinted by drug cartels and civil war, Colombia is now one of Latin America’s fastest growing markets and, according to the World Bank, the most secure country in the region in which to do business. Since yesterday, the country also has a new national mining agency, which is already looking for foreign investments to expand existing production and explore areas where rich deposits of key resources are suspected.
Gold mining in Colombia is shining bright as major gold players are expected to invest U.S. $ 2,100 million by 2015, reports local newspaper La Republica.