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Brent Crude Oil $ 63.75 / bbl 0.71%
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Miners reel after Papua New Guinea ownership bombshell

Frik Els | August 19, 2011 | 5:01 pm Base Metals Precious Metals Asia Europe Copper Gold Silver 

In a surprise announcement Papua New Guinea on Friday introduced a plan to hand state ownership of mineral and energy resources to landowners, a move that may prove disastrous to foreign miners developing massive projects and pushing into new regions...

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