Randgold sees global gold output drop, costs down - "African miner Randgold (RRS.L: Quote, Profile, Research, Stock Buzz) sees a 15-20 percent decline in global gold output over the next three to four years as tough credit conditions prompt delays in new mines and force smaller players out of business, the company's chief executive said on Wednesday.

Speaking at a Toronto presentation for analysts, Mark Bristow said the company plans to capitalize on the inability of smaller miners to develop properties by buying some of the assets up." More
- 11/19/08 | Item |


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