Anglogold Ashanti to raise $307 million with South African mine sales
It will sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China's Heaven-Sent SA Sunshine Investment Company.
Gold today rallied to an all-time high of Rs 29,540 per 10 grams in the bullion market here by adding Rs 240 on the back of marriage season demand amid a firming global trend.
Gold shipments from Japan, the world’s third-largest economy, are at the highest level since at least 1985 as individuals who purchased jewelry more than 20 years ago are selling it for record prices.
Quebec's reputation as a mining-friendly jurisdiction is threatened by revisions to the province's mining code, says a letter released last week by the Quebec Mining Association.
Based on new research by investment bank Macquarie titled India’s Fatal Attraction, the FT asks if India’s weddings are destroying its economy given the huge importance of gold in the culture – especially between October and January, when festival season turns into wedding season and some 20 million Indians tie the knot.
It is a sad but indisputable fact that in today's mining industry there are countries that still allow labour practices that belong in Dickensian England rather than a modern economy.
Vancouver-based Barkerville Gold Mines (CVE:BGM) has received approval to build an open-pit gold mine at its Bonanza Ledge property in northern B.C. The stock was changing hands at 97 cents on Tuesday, up 8% on more than double average volumes.
Gold is still the king of commodities when it comes its role as a diversifier and foundation asset in the portfolios of euro-based investors, says the new report "Gold as a strategic asset for European investors," commissioned by The World Gold Council (WGC).