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November 7, 2007

S.Africa says may force miners to process locally

South Africa, the world's largest producer of precious metals, will force companies to process minerals locally if they do not do so voluntarily under a new government initiative, a top official said on Wednesday

South Africa's plans to change the laws governing its mining sector to create a vibrant local processing industry and help lock in wealth in the world's top producer of gold and platinum and fourth largest diamond producer by volume.

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Posted by StaffWriter at November 7, 2007 3:08 PM