South Africa coal, metal exporters to spend billions on rail
Organizations representing firms including Glencore and a unit of Anglo American are negotiating the terms of the pacts with Transnet.
Canadian gold miner Northgate Minerals Corp expects production at its Young-Davidson mine in Northern Ontario to start in late first quarter of 2012.
The company, which has assets in Canada and Australia, expects the mine to produce 84,000-90,000 ounces of gold in 2012 and 134,000-140,000 ounces in 2013.
Northgate forecast the Young-Davidson to produce an average of 180,000 ounces of gold annually over an initial 15-year mine life.
