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Conroy Gold hopes to reap rich reward

CONROY Gold said further drilling at its project in Monaghan showed gold resources of as much as 11.24 grams per tonne.

The company said test drilling at Clontibret revealed 4.38 grams of gold per tonne from 132.4 metres, including higher grades.

The Dublin-based company said it may start mining the largest potential gold discovery in Ireland and Britain by 2013.

Tullow pays $313m in tax to Uganda

TULLOW Oil, the Dublin-listed explorer, paid $313m (€216m) in disputed tax to Uganda linked to the purchase of Heritage Oil's interests in two oil blocks in the Lake Albert basin.

Tullow also paid a $14.5m stamp duty.

RaboDirect raises savings interest rate

RABODIRECT is to increase the interest rate its pays for on-demand personal savings from 2pc to 2.25pc on balances from €1, effective from Monday.

For business customers, RaboDirect is increasing its rate from 1.80pc to 1.90pc.

Blood test 'could boost Elan earnings'

IRISH pharmaceutical company Elan could see its annual earnings boosted by as much as $350m (€242m) if a new blood test encourages more multiple sclerosis sufferers to opt for treatment using the firm's Tysabri drug, according to Davy Stockbrokers.

The so-called JC Virus assay test is being developed by Elan and US-based Biogen-Idec, the joint owner of Tysabri.

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