Gold related articles from around the web

• Don’t Put Up the Bunting Just Yet…

  10 Mar 2010, 4:13 pm

  We’re looking at what is going on in the broader economy. Is it healthy and growing? Or is the stock market just a honey trap… a bear market trap for the unwary investor?

• Gold ETFs stand to gain as bigger investors look to gold as an alternative currency

  10 Mar 2010, 3:54 pm

  As investors focus more and more on sovereign risk issues so gold stands to gain

• Harmony halts Evander ops after death

  10 Mar 2010, 3:13 pm

  A worker was killed in a rockfall at the South African gold miner’s Evander No. 8 shaft; the group says it is nclear when output will resume

• Allied Gold to award EPC contract for Gold Ridge project

  10 Mar 2010, 3:00 pm

  Aim-, ASX and TSX-listed Allied Gold plans to award the engineering, procurement and construction (EPC) contract for the refurbishment and expansion of its Gold Ridge project on the Solomon Islands to GR Engineering Services.Allied Gold CEO and executive chairperson Mark Caruso said that the awarding of the EPC contract is a further indication that Allied Gold was accelerating the programme for redevelopment of the Gold Ridge project, with further contracts scheduled to be negotiated and awarded over the coming month.

• No plans to build new coal terminal – Transnet

  10 Mar 2010, 2:45 pm

  Despite comments from industry sources at a conference in Mumbai, transnet said South Africa’s National Port Authority was not in talks to build a new coal terminal

• Outotec to supply Euro 119 M manganese sinter plant

  10 Mar 2010, 10:15 am

  Finnish metallurgical and mineral processing giant, Outotec, has been commissioned to build a sinter plant for Kalagadi Manganese in South Africa

• China commodity story still intact but challenges abound – Mobius

  10 Mar 2010, 9:59 am

  The search now is for companies that benefit from China but are not totally dependent on it

• Is Carrapateena on the auction block?

  10 Mar 2010, 9:33 am

  The Carrapateena polymetallic project raised eyebrows earlier this decade with what must be the best mineral intersection ever in Australia but it has been relatively dormant since the global financial crisis. Now development options are being explored – an euphemism for a joint venture or sale.

• Gold One outlines potential for new Gauteng gold resuscitation

  10 Mar 2010, 9:29 am

  The JSE- and ASX-listed gold junior Gold One said on Wednesday that it had secured additional prospecting rights in Gauteng province’s East Rand Basin, 30 km from Johannesburg, where there were gold-mining resuscitation opportunities.Gold One CEO Neal Froneman told the Citi Global Resources Conference in London that the contiguous prospecting rights over 16 000 ha had an inferred resource of 5,2-million ounces of gold at a grade of 3,39 g/t and was separated from the East Rand and Central Rand water basin, where mining had to be accompanied by costly water pumping.

• Norilsk sees strong future for palladium

  10 Mar 2010, 8:24 am

  Future jewelry and industrial demand is likely to be good the Russian miner says

• Freeport-McMoRan close to agreement with DRC to expand Tenke Fungurume – CEO

  10 Mar 2010, 8:19 am

  The miner has already begun mining at the site but expansion of the second phase has been held up by a decision by the DRC government to review all mining contracts in the country

• Barrick CEO optimistic Reko Diq gold-copper project will go ahead

  10 Mar 2010, 8:15 am

  Aaron Regent said Tuesday the company is continuing to have discussions with the Baluchistan government but added a resolution could take months

• Allied Gold lifts resources to 7.8 million ounces

  10 Mar 2010, 8:10 am

  Allied Gold Ltd is building up to a major gold producer in the Pacific region with an annual target output by 2011 of 200,000 ounces.

• Freeport-McMoRan CEO says Congo pact close

  10 Mar 2010, 6:53 am

  Freeport-McMoRan Copper & Gold is close to reaching an agreement with the Democratic Congo government that would allow it to expand its huge copper/cobalt mine in the central African nation, its chief executive said on Tuesday."The government has been realigned within the last month … and there are positive indications that we are within sight of having a conclusion to this process," Richard Adkerson told the Reuters Global Mining and Steel Summit here.

• West African gold production to rise 30% – GFMS

  10 Mar 2010, 6:09 am

  Gold production from West Africa is set to rise about 30% over the next 4 years, driven largely by higher output from Randgold and Iamgold, a top executive of metals consultancy GFMS said on Tuesday."In West Africa gold mine production is growing, the figures are obviously a lot smaller there, as it is a smaller sector," Managing Director Paul Burton told an event hosted by MineAfrica — a group that promotes mining investment in Africa.

• Gold steadies as euro bounces; weak oil may weigh

  10 Mar 2010, 6:07 am

  Gold steadied on Wednesday after the euro bounced slightly higher against the US dollar though weaker oil prices could prompt new selling, traders said.Dealers noted early bargain hunting from Chinese speculators but gold prices were susceptible to sharp movements due to low volumes. Platinum and palladium slipped in early trade but held near recent highs.

• Canada’s Terrane plans to spin-off Berg project

  10 Mar 2010, 1:57 am

  Canadian exploration company Terrane Metals Corp is focusing on becoming a junior gold producer and plans to spin-off its Berg copper-molybdenum project, Chief Executive Rob Pease said on Monday."We are going to try and position Terrane as a gold company, as gold companies get premiums in the market," said Pease, while speaking along the sidelines of the PDAC mining convention in Toronto.

• DRC could rank with Ghana, Tanzania in 10 years – Banro chair

  9 Mar 2010, 6:21 pm

  Investors will become increasingly comfortable with mining in the Democratic Republic of Congo, which has the potential to become the largest gold producer in Africa, Banro Corp chairperson Simon Village said on Tuesday.“I believe the DRC, when we sit down here in ten years time,will be as acceptable as an investment destination as Ghana and Tanzania are today,” he said at a Toronto event hosted by the Canada-South African Chamber of Commerce.

• Into the Mire of Politics

  9 Mar 2010, 4:11 pm

  The papers don’t know what the problem is, but they’re convinced that government interference is the solution.

• China says gold is ‘unlikely’ to be primary investment

  9 Mar 2010, 11:10 am

  China says that adding to its gold reserves will hurt Chinese consumers of the yellow metal.

Important

Information in Gold Price Today is for general information only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions. Appropriate independent advice should be obtained before making any such decision.