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Billionaire Slim Digs for Gold as Metal’s Price Gains

Billionaire Carlos Slim is digging for gold in Mexico, taking advantage of bullion prices that touched a record last month while awaiting a broader economic rebound.

Slim’s mining outfit Grupo Frisco, a division of holding company Grupo Carso SAB, plans to open more mines this year and acquired one this month after ramping up gold production more than ninefold in 2009. That increase helped boost Carso’s profits as gold spot prices leaped 24 percent for the year.