Barrick says Ontario Superior Court dismisses 2022 Tanzanian security case
A group of 21 Tanzanian nationals had alleged that Barrick was complicit in extrajudicial killings by police guarding its North Mara mine.
China’s 2013 gold output is predicted to hit 430 tonnes, with consumption set to exceed 1,000 tonnes, according to the China Gold Group.
China’s gold output hit 403 tonnes last year, having risen for the sixth consecutive year and retaining its title as the world’s top gold producer. China is likely to overtake India as the no. 1 consumer.
In 2012, Chinese gold consumption rose 9.35% to 832 tonnes.
In the first half of 2013, consumption jumped a remarkable 54% year over year.
The boost in demand has been credited in large part to Chinese weddings, which account for roughly 50% of all Chinese domestic bullion consumption.
