Commodities hit 6-year high with recovery boosting oil, copper

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'

The yellow metal has risen about 3percent this month, after six straight months of declines that’s left it down almost 6 percent year-to-date.

Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia.

He is said to have already begun training three to four people to succeed him in the job.

The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry

Gold demand in this years Dusherra falls by 40% in some pockets.

The mining and quarrying industry is seeking government funding for an airborne geophysical survey program, considered an essential tool for attracting investment and job creation to the province.

The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.

The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.