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The Gold Industry Group has announced a long-term, community engagement project in Perth expected to attract millions of students, tourists and families.
The virtual Heart of Gold Discovery Trail and gold panning activity in Elizabeth Quay will provide a fun and interactive way for visitors to learn about Western Australia’s storied gold industry and its importance to our economy.
The Gold Industry Group had the pleasure of talking to Ramelius Research Geologist and Geochemist Dr Jackie Rotherham recently. We discovered the ins and outs of her role and the exciting challenges ahead of her.
Read about the importance of the Gold Industry Group, the storied history of gold in Australia, our members - The Perth Mint, Doray Minerals, Ramelius Resoucres and Gold Fields Australia - in The West Australian "A Golden Future" Liftout published 20 July, 2016.
Stock to flow is arguably the most important concept for investors to understand in order to appreciate why gold is not a ‘commodity’, but rather a monetary metal.
Stock to flow is calculated simply by dividing the total existing supply of a particular commodity by the annual production of that commodity.
In our last article on gold supply, we mentioned that one needs to be careful applying conventional commodity supply/demand analysis to gold.
Unlike many commodities, the share of industrial uses is very small, less than 10%. Most gold demand is either jewellery or investment of one sort or another.
Last week the Gold Industry Group held its inaugural industry networking event at the historic Perth Mint. The event was attended by the Minister for Mines and Petroleum, Honourable Sean L’Estrange MLA, and 90 members and industry colleagues to discuss the future of Australia’s gold industry and the vision of the Group.
Perth Mint Chief Executive Officer and Gold Industry Group Chairman Richard Hayes spoke about the importance of the Group and what it can achieve collectively.
Most people are familiar with the primary uses of gold; as a currency, in the creation of coins and bars, and as jewellery.
However, gold is also used for medical purposes in the treatment of rheumatoid arthritis and certain cancers; and in modern dentistry and orthodontics. It can be consumed as an indulgence in beverages or as a culinary decoration; and used in electronic devices such as mobile phones, tablets, and televisions, to name a few, as it is a highly efficient conductor that doesn’t corrode, making it extremely reliable.
Ramelius Resources, like many mining companies, participate in the vacation (VAC) student program which provides university students with hands on work experience during the summer. Students studying engineering, metallurgy and geology are encouraged to take part to gain valuable workplace skills and exposure to their specialist area. The VAC program also gives companies the opportunity to employ students they know are experienced and capable once they graduate.
Engineering student Eoghan McCallion worked for Ramelius over the summer vacation period along with geological and metallurgical students from Curtin University.
The WASM Wallabies will compete in the Intercollegiate Mining Games Competition (ICMC) in Montana next month thanks to proud sponsors in the community including Ramelius Resources and Gold Fields Australia.
Commonly known as the Mining Games, the competition was established in 1978 in memory of the 1972 Sunshine Mine disaster in Idaho. The annual event honours the fallen miners from around the world and highlights the need for a continued focus on protecting the lives of every person working in mining. Each year students from mining schools across the globe compete in the ICMC.
A new common room at Curtin University for young adults with autism was launched last week with the support of Norton Gold Fields.
Norton Gold Fields donated $50,000 to develop the common room into a dedicated space for students participating in the Curtin University’s Specialist Mentoring Program (CSMP).
Western Australia’s Gold Technology Group is bridging the communication gap between university academics and industry professionals to advance Australia’s gold and precious metals industry.
As a research group, the Gold Technology Group delivers industry-relevant research and development as well as specialist training services.
Stretching more than 965 kilometres, the Golden Quest Discovery Trail is a popular self-drive experience which reveals the unique heritage and vibrant rural communities within the Eastern Goldfields region in Western Australia. Find out more about the trail and its historical and cultural significance.
Gold Industry Group founding member Ramelius Resources is supporting future gold industry leaders through the Tim Prime Memorial Scholarship Program.
Run in conjunction with Curtin University’s Western Australian School of Mines (WASM), the one, two or three-year scholarship is helping WASM students reach their full potential.
