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Gold performing well in foreign currency stakes

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Tuesday, 24th May 2005 (4377 views)

Latest figures have revealed that gold was rated the second best foreign revenue earner last year.<br/><br/>According to the April Minerals Bureau Bulletin, total sales and export sales last year were up by 24.7 per cent and total mineral sales revenue increased by 6.3 per cent.<br/><br/>During 2004, gold made up 32.5 per cent of mineral export sales with local sales income improvements one of the factors thought to have helped results, Mining Weekly reports.<br/><br/>In addition, rising copper prices are thought to have had an effect on sector performance.<br/><br/>Gold's performance fell just behind pgms, but came ahead of coal, which made up 16 per cent of mineral export sales.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8578895"/>

 

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