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Vietnam to limit number of gold traders

Only several specific enterprises and credit institutions designated by the State Bank of Vietnam (SBV) are entitled for gold trading. Earlier on 24 February 20011, the government asserted strong determination to closely monitor gold trading.

Indonesian workers end strike at biggest gold mine

Thousands of workers at one of the world’s biggest gold and copper mines started returning to work Wednesday, ending a nearly two-week strike that brought operations to a standstill. Union chief Sudiro, who goes by only one name, said the decision was made after Freeport-McMoRan’s management agreed to reinstate six fired labor leaders and reopen negotiations about wages and benefits on July 20.

Coal for export may suffer high tariff

A source from Ministry of Finance said that the agency is drafting an export tariff frame on coal, accordingly the expected tariff may be raised to 20 percent instead of current 15 percent. This is seen as one of measures to control and curb export of material coal while the resource is running out.