Sunday, May 20, 2007

Lack of big find keeps gold price up - Gold Fields

(Reuters) - A failure to find the next mother lode was helping prop up gold bullion prices, the head of South Africa's Gold Fields Ltd., the world's fourth-largest gold miner, said on Monday.

"There is a lack of exploration expenditure and a lack of discovery of any significant size," the company's chief executive, Ian Cockerill told a conference in the Australian city of Perth.


Read more at Reuters Africa

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