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Mining at Breaking Point as Investors Flee, Gold Fields Says

The mining industry is at a “breaking point” as calls from governments and workers for a greater cut of profits hasten an investor exodus, Gold Fields Ltd. said.

“Governments in particular are seeing mining as a means of putting more into their central coffers,” Chief Executive Officer Nick Holland said yesterday in a speech in Johannesburg. “A lot of it has come about because of the metal boom that we’ve seen.”