Sunday, August 14, 2016

Indian gold imports soar between August and September

October 30, 2009 by · Leave a Comment 

New figures have revealed that Indian gold imports surged by 72 per cent between August and September as a result of higher demand ahead of the festival season. According to the Bombay Bullion Association, imports rose from 21.8 tonnes in August to 37.5 tonnes last month, the Economic Times reports.The news feeds on this site [...]

New thinking needed on Eskom electricity tariff – Harmony

October 30, 2009 by · Leave a Comment 

South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The head of South Africa’s third-largest gold-mining company said that increasing the electricity tariffs by [...]

Barrick still mulling over Cerro Casale numbers

October 30, 2009 by · Leave a Comment 

Canadian gold-miners Barrick Gold and Kinross Gold have completed a draft feasibility study on their Cerro Casale project, in Chile, but there is still some work to be done to improve the economics of the project, Barrick CEO Aaron Regent said on Thursday. “We intend to spend the next few months reviewing various options to [...]

Rio Tinto to double capex spending next year to at least $5bn

October 30, 2009 by · Leave a Comment 

The group said the decision was taken after seeing signs of economic recovery and a decrease in its debt levels Read more….

Maple Leaf Gold Bullion

October 27, 2009 by · Leave a Comment 

The pride of Canadian coinage is the Maple Leaf gold bullion coin. The Royal Canadian Mint (RCM) proudly produces these strikingly beautiful, one-ounce 24-Karat gold coins, and the Ottawa-based refinery and mint was the first in the world to offer 24-Karat bullion to the world in 1979. It wasn’t until 1982 however, that these modern [...]

Tamela buys 26% stake in Roymec

October 27, 2009 by · Leave a Comment 

Black-empowered investment group Tamela Holdings has bought a 26% stake in engineering contracting company Roymec in a black economic-empowerment deal funded by Investec Bank. Vusi Mahlangu and Sydney Mhlarhi, the founding management of listed mezzanine financing group, Makalani Holdings, also managed Tamela and would join Roymec’s board of directors. Read more….

Gold, Silver, Metal Prices: Commentary – 10/26/2009

October 26, 2009 by · Leave a Comment 

Fun(d) and Games Good Day, Dollar weakness was manifest once gain as the new trading week got underway, with the US currency recording a fresh 14-month low against the euro overnight. The greenback also slipped on the trade-weighted index, losing 0.13 to 75.31 at last check. This morning’s macroeconomic news reveals a mixed bag of confidence, one [...]

Selling Gold Jewelry

October 25, 2009 by · Leave a Comment 

One of the great benefits of investing in gold is that it typically functions as a safe haven for investors in times of economic turmoil. During the current economic instability, gold has risen to record high prices as one would expect. Some people will keep hold of their gold stocks until the peak of the [...]

Gold, Silver, Metal Prices: Commentary (10/23/2009)

October 24, 2009 by · Leave a Comment 

A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

Weekly Market Recap 10/23/09

October 24, 2009 by · Leave a Comment 

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

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