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People have started asking, ‘if the risk is deflation, why am I holding gold?’
Veolia Water Technologies has been working successfully with a Canadian gold mine to make effluent containing cyanide, ammonia and copper safe for downstream fish and invertebrates.
Ten of those killed are miners from neighbouring Guinea, while the other six are Malian citizens.
Newmont CEO says he has not held any merger talks with Barrick since April and that the company is focused on other things.
Kinross CEO insists strong relationships with Russian officials at the highest level would protect its gold operations from expropriation.
Despite being taken to the woodshed by shareholders over a capital-raising proposal, AngloGold CEO conveyed confidence and calm in a Denver Gold Forum presentation.
Mark Bristow said the stake it does not own is too costly at current prices.
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.
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