GOLD

Venezuela Gets First Shipment of Repatriated Gold

Venezuelan President Hugo Chavez
The first shipment of gold bars arrived home in Venezuela on Friday after President Hugo Chavez ordered that almost all of the country's foreign bullion reserves be repatriated from Western bank vaults.
West Africa-focused Randgold Resources

Randgold Resources Cuts '11 Production Target

West Africa-focused miner Randgold Resources has cut its 2011 production target for the second time this year after a perfect storm of difficult mining conditions, work stoppages and a mill breakdown at its Tongon mine in Ivory Coast.
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"Demand for gold from investors in China, India and elsewhere around the globe shows no signs of slowing down anytime soon," Paul Watson, CEO of Green Technology Solutions Inc. (GTSO), said.

Chile's Antofagasta Profit Jumps 28%

Chilean miner Antofagasta posted a 28 percent rise in nine-month profit, lifted by improved production and an increase in gold sales that helped offset bad weather and an accountancy hit after copper prices fell steeply in the third quarter.
Robert Mugabe

Zimbabwe Hiking Gold, Platinum Royalties

Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand by 9.4 percent, Finance Minister Tendai Biti said on Thursday, but a hike in mining royalties could impede growth.
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Ecuador near Approving Gold Projects

Ecuador's President Rafael Correa says his government is within days of signing contracts with mining companies set to develop large copper and gold projects in the mineral-rich Andean nation.
Gold

India Gold Futures Down by 0.5 Percent

India gold futures fell half a percent on Friday afternoon, retracing to a level seen earlier in the week following a similar trend overseas, though a weaker rupee cushioned the fall.
100 gram gold bar and 12 kg gold bar

Gold Prices Slide Towards Second Weekly Drop

Gold prices fell Friday in what appeared to be their second straight weekly retreat in the face of a Eurozone crisis, which after two years has yet to be contained, let alone solved, and now threatens Europe's financial liquidity.
Gold

India Gold Price Will Fall in Next Quarter: Poll

India gold prices are likely to fall more than 3.5 percent from its peak after a 16 percent rally last quarter as investors resort to year-end profit-taking while tepid wedding demand weighed.
Machinery at Cortez Mine

Gold Tumbles but Rebounds to Near Starting Price

Gold prices fell Wednesday as investors sold the metal to raise cash but bargain hunting and short covering pared the losses so the yellow metal ended the session just shy of its opening price.
Gold pellets

Freeport-McMoRan, Indonesian Union in Wage Talks

Freeport McMoRan Copper & Gold and its Indonesian union are discussing a possible pay deal to end a three-month strike that has crippled output from the world's second biggest copper mine, which would double pay for some skilled workers.
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Peru OKs Newmont Mining's Environment Plan for Conga

Peru's government said on Tuesday the environmental impact plan for Newmont Mining's $4.8 billion Conga gold project was basically sound, seeking to reassure neighbors that the proposed mine would not pollute their water supplies.
Traders at the CME

CME to Launch Cleared OTC Gold in Europe by Yearend

The CME Group, the world's leading derivatives market place, is on target to launch cleared over-the-counter gold in Europe by the end of 2011, and wants to boost the number of contracts it clears, a top official said on Tuesday.
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Magma Metals to Spin Off Aussie Gold Projects

Mining company Magma Metals Ltd said it plans to spin off its West Australian gold projects into a new exploration company, to focus on its platinum-palladium-copper-nickel project in Ontario.
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Anglo Asian Mining Sees Gosha Mine Output by '13

Anglo Asian Mining plans to produce first gold from the Gosha mine in Azerbaijan in the first half of 2013 after the successful launch of production at the neighbouring Gedabek mine, the company said on Wednesday.
Ghana Project

AngloGold Ashanti Sees Gold Output up 27% by '15

African, Australian and Colombian prospects will play a key role in boosting AngloGold Ashanti Ltd.'s gold output to 5.5 million ounces by 2015, the world's third-largest gold mining company said Tuesday.

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