On Sunday, the 2011 Denver Gold Forum officially started. The conference is the world’s premier precious metals investment conference, and takes place at The Broadmoor Hotel and Resort in Colorado Springs.
Effective September 19th, Goldcorp has been removed from the Dow Jones North America Sustainability Index.
While all eyes may be on the sovereign debt crisis in Europe or the ongoing jobs and budget battle in the U.S., Ian Bremmer says that the biggest economic concern is China, the world's leading importer of both copper and iron ore. Ian Bremmer, president of Eurasia Group, a global political risk research and consulting firm, hears lots of criticism about the hard decisions are being put off in both Europe and the U.S., and the literal can is being kicked down the road. "The largest can that is getting kicked furthest down the road right now is clearly in Beijing," says Bremmer who spoke to Bloomberg last week.
Perth Now reports: the first round of funds from the Australian Critical Skills Investment Fund of $200 million have been assigned to twelve WA projects in the critical industry sectors resources, construction, infrastructure and renewable energy.
Included in the 12 projects selected from WA are up-skilling senior tradespeople for frontline management jobs and specialist roles in mining and civil construction, training for workers in mining and quarrying and training for new and existing workers in rail operations to support resource projects. More than 2100 WA workers will be trained up under the Federal Government program.
Tune into CNBC or click onto any of the dozens of mainstream financial news sites, and you’ll find an endless array of opinions on the latest wiggle in equity, bond and commodities markets. As often as not, you'll find those opinions nestled side by side with authoritative analysis on the outlook for the economy, complete with the author’s carefully studied judgment on the best way forward.
FLSmidth has today signed an agreement to acquire the assets of the privately owned company Knelson, a Canada based corporate partnership which is active within the minerals industries. Knelson develops, manufactures, and installs equipment for the recovery of precious metals such as gold, platinum and silver, as well as the enhanced gravity separation of base metals and industrial minerals with over 3000 installations in over 70 countries worldwide. The customer base comprises all the major gold, platinum and silver mining companies.
Gold investment demand in China is likely to top a record 200 metric tons this year, the World Gold Council said. The country’s investment demand surged 70 percent in 2010 to an all-time high of 187 tons, said Albert Cheng, the Far East managing director at the World Gold Council. China’s “investment demand has picked up exponentially,” Cheng said yesterday in an interview in Montreal. “The financial crisis has triggered people to be cautious of anything they don’t understand,” boosting demand for bullion as an alternative asset.
A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in the East.
My argument is that the “disappointing recovery” that began in July is nothing less than the exhausted temporary stopgap effect of stimulus, zero interest rates, and TARP, and not, as stipulated in the mainstream, the onset of a “double dip”, or “economic weakness”.
Engineering and construction company Clough Limited (ASX:CLO) today announced that the Clough Downer Joint Venture (CDJV) has been awarded a circa $600m unit rate re-measurable contract by Fluor.