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The country will realize more in terms of taxes and royalties from gold production for the half year. This follows a 19 percent increase in gold export revenue of mining firms to 3 billion dollars from January to June. This was on the back of a 6 percent increase in gold production following fresh production from two new mining firms. Chief Executive of the Chamber of Mines, Dr. Toni Aubynn explains to JOY-BUSINESS how government would benefit. He adds that production could improve for the next half year if mining firms increase their investments. “Companies would have to consider the condition for them to increase their investment and once they are able to invest more there’s the likelihood of more production”. There are a few things that need to be done to actualize the kind of position that the industry could get itself into” he said.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.