BofA Merrill Lynch said an investment demand required to sustain gold prices in a range of $1,500-2,000 per ounce could be feasible in the next five years.
The brokerage believes investment has had a critical influence on the gold market and investor buying is the key to its long-run supply and demand balances.
Explorer, Golden Cross Resources, (ASX: GCR) has told shareholders that it is looking to start up its Copper Hills project in New South Wales in a staged build up of development to minimise up-front costs.
The company plans to develop Copper Hills near Molong on an initial mining rate of between 2-3 million tonnes per annum, and a staged build-up that could see selective high grade mining and low grade stockpiling in the early years.
China's global share of rare earth output will drop steeply in the next two years as other countries ramp up production to compensate for domestic curbs on mining the minerals, a former government official and future rare earth group chief said.
The country's rare earth output would drop from 95 percent of global output to 60 percent, reversing global reliance on China, Wang Caifeng, a former Ministry of Industry and Information Technology (MIIT) official told the official China Daily.
Rep. Ron Paul, R-Texas, may be yet again running for President, but he has not abandoned his quest for an independent audit of U.S. gold reserves.
A hearing is scheduled this Thursday before Paul's House Subcommittee on Domestic Monetary Policy and Technology on Paul's bill demanding an audit of all gold in the United States.
Gold priced in sterling hit a lifetime high around 954 pounds boosted by continued concerns about the debt crisis in Europe Gold priced in sterling struck a lifetime high around 954 pounds on Wednesday, fuelled by lingering worries about the debt crisis
Gold One International Limited (ASX and JSE: GDO) announced that it had entered into an agreement to implement a transaction with a consortium of Chinese investors whereby the consortium is seeking to become the long term strategic partner of Gold One
Republic Gold Limited (AXS: RAU) advises that fully paid shares and options subscribed for in the recent Rights Issue have now been allocated and issued. The total capital raised under the Offer was $5,572,017.
Company Announcement to the Danish Financial Supervisory Authority No. 13-2011, 22 June 2011. FLSmidth has received an order from the Nigerian company, BUA International Limited, to supply a complete 6,000 tonnes per day cement plant in Nigeria.
Australian-American Mining Corporation Limited (ASX: AIW) has advanced it's Rare Earth Elements ("REE's") Project situated in West-Central Arizona, USA.
