AngloGold Says There's No Escaping Demise of South African Gold

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(Bloomberg) — South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairman of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said AngloGold Ashanti Ltd. Chairman Sipho Pityana. That means the… Read More

Russia's Nornickel cuts 2018 output forecast for copper project

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MOSCOW, April 26 (Reuters) – Russia’s Norilsk Nickel (Nornickel) has cut the 2018 production forecast for its new Bystrinsky copper project near the Chinese border due to a problem with equipment which it hopes to fix in the second quarter, it said on Thursday. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal,… Read More

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

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In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine). DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities… Read More

Gold Price Rigging Continues

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IM Gold 10 11 2017

Again gold was taken down on the futures market, but this time was done at the Comex opening. Apparently 4 million ounces of gold was traded in 10 minutes. This was reported by Bloomberg. This article explains how it was done. Previously Investing Matters has reported how the paper gold price is taken down on… Read More

Gold Price Rigging Charts

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IM Gold Price 07 11 2017

Investing Matters has been monitoring the extreme price movements on the Gold paper price. Most of the extreme, DOWN price movements are done when London and New York Comex overlap, as illustrated on the chart below. Here are other Gold Price Charts showing the gold price take down.           I would… Read More

World's top 10 gold mining companies – 2016

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The price of gold broke a three-year losing streak in 2016, but the focus of the world’s top gold mining companies in terms of output continued to be on cost-cutting and divestment (with varying degrees of success) which led to a decline in production for most of the sector’s majors. Preliminary gold production by the… Read More

How I Became a Gold-Bug

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My father was Hugo Salinas Rocha -“Salinas” was his father’s surname, and “Rocha” was his mother’s surname; the custom of using both parents’ surnames is universal in Latin America. Father was a successful merchant in Mexico City, and in the 1930’s he ran a store in downtown Mexico City. The store belonged to a company… Read More

ABSA NewGold ETF

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ABSA NewGold ETF is one of the largest privately held fund in gold in the world. NewGold was listed on the ETF sector of the JSE Stock Exchange in 2004. Today, the fund is the largest ETF in South Africa. Since its listing, it has performed well as an investment, and out performed the South… Read More