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China’s gold holdings up 30% last year

Gold and precious metals:  today’s 10 top stories 

China’s gold holdings up 30% last year

Gold and precious metals:  today’s 10 top stories 

  • China’s gold holdings increased 30% in 2010 to $48.1bn says the State Administration of Foreign Exchange
  • Zimbabwe’s gold production is expected to increase by 35% to 15 tonnes this year
  • China United Mining Co will begin mining gold at the Tokhto deposit in Russia’s Far Eastern Magadan region in 2011
  • Aurora given three days to leave the gold mines in Orkney and Springs where it was operating
  • Impala Platinum to reduce staff at its loss-making subsidiary in Limpopo
  • The Shanghai Gold Exchange will raise margin requirements on gold and silver forward contracts from the settlement of 2 June
  • Crescent Gold has raised $8.84 million to help fund development of its projects near Laverton
  • Sumatra Copper & Gold (ASX: SUM) has appointed the experienced Julian Ford as chief executive officer
  • Kentor Gold (ASX: KGL) moves forward in Australia with an Inferred Resource estimate of 516,000 gold ounces at its Burnakura project
  • Brazil focused gold explorer Beadell Resources signs $75 million contract with Ausenco for Tucano project

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Investment Trust Insider: DIY Investor Safety Manual

by Gavin Lumsden on Apr 16, 2014 at 15:17

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