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Philippine miners duck taxes by selling gold on the black market

Michael Allan McCrae | August 20, 2012 | 9:57 pm Base Metals Precious Metals Asia Copper Gold Iron Ore Nickel Silver Zinc 

Philippine gold production dropped by over half, but the reduction may have more to do with tax policy than actual output. The Philippines' Mines and Geosciences Bureau said gold output declined 59% in the first half of the year, compared...

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