To save your Watchlist, log in to Mineweb.com. You may proceed without logging in but all changes will be saved to cookies - this may only last for one browsing session depending on your device settings.
Mark Bristow said the stake it does not own is too costly at current prices.
August gold demand in India surges ahead of the festival season in India and in comparison to low demand last year.
Exchanges at Hong Kong, Singapore, Dubai and Thailand compete in a race to grab the bulk of Asian demand for gold.
Julian Phillips of the Gold Forecaster looks more closely at the impact of Chinese new gold market and what it says currency wise.
Mark O’Byrne, director at GoldCore in Dublin, says Scottish demand for gold as a protection of wealth has increased so far this month.
Contrary to the predictions of many gold commentators, this September has not yet seen any annual uptick in the gold price – indeed so far the trend has been downwards.
Sources close to the matter say China will launch the exchange 11 days ahead of schedule.
The gold miner’s shares have been volatile this year, reacting sharply on the refinancing.
The country’s gold production fell 26% to six tonnes during the January-July period this year.
While western investors seem united in their dislike for physical gold, eastern nations embrace the advantages of ownership, says Simon Mikhailovich.
One of the world’s top three niobium producers is selling its Niobec mine, despite a record year of production.
Investec analysts suggest that AngloGold sell its 45% stake in the DRC mine to JV partner Randgold to alleviate its debt position without dilution.
Billionaire investor John Paulson, whose hedge fund holds 6.6% of the company, objected to the share sale, saying it was “value destructive.”
People close to the matter say South Africa’s central bank pressed AngloGold Ashanti to increase the size of a planned share sale.
The ability of London to reflect a price that reflects the bulk of global demand/supply is diminishing, says Julian Phillips of the Gold Forecaster in his daily gold price column.
Indian demand for bullion is also expected to fall by 13% to 850 metric tonnes this year, the lowest level since 2009.
Direct selling increased Peru’s gold exports to India, from $106 million in 2012 to $270 million in 2013, an increase of 150%.
The exchange plans to build the 1,500-ton facility in Qianhai, a special economic zone on the west of Shenzhen.
Fidelity Investments says the gold industry needs more mergers to help improve investor returns and eliminate unprofitable mines.
With 100% of the Penmont JV, Mexican silver-gold miner Fresnillo hopes to achieve 750,000 ounces of gold production by 2018.
Gold hits low $1,230s/oz approaching lows it has not seen in some time.
U.S. commodity exchanges are competing to win business from smaller retail investors.
Coal and iron ore were South Africa’s most significant mined products in terms of sales value in July, with pgms, gold, copper and diamonds showing substantial output falls year on year.
Mining, investments, gold mining, gold jewellery, India, PM Narendra Modi, gold equities
Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.
The World Gold Council and the China Gold Association look to unlock insight on one of the most poorly understood gold markets in the world - also the most important one.
Julian Phillips of the Gold Forecaster takes a closer look the Euro's weakness and the lack of momentum so far in a traditionally strong gold season.
Gold prices dropped well under $1,250 on Thursday.
Yamana Gold has maintained its 2014 production guidance despite processing difficulties at the C1 Santa Luz project in Brazil.
Thank you for visiting Mineweb.com. We are conducting a quick three minute survey to help better understand our visitors. All responses are anonymous and for research purposes only.