Concerned consumers, organisations, and governments around the world continue to shine a light on conflict minerals. These tainted commodities are traded by private armed groups for monetary gain to finance civil conflicts and violence which contribute to the violation of human rights. Thus, the quest for ‘responsible’ and ethically sourced minerals is becoming more and more prevalent.
Conflict minerals, which can include gold ore, are smuggled out of countries such as the Democratic Republic of the Congo, and parts of Afghanistan, Columbia, and Zimbabwe, and shipped to smelters around the world for refinement.
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.
Ausdrill has joined the Gold Industry Group as a strong advocate and service provider to the gold sector.
Ausdrill Managing Director Ron Sayers started the company in 1987 with a single drill rig operating from Kalgoorlie in Western Australia. Today the Ausdrill Group employs over 4,000 staff worldwide.
“Gold is our core business, and over the past 30 years we have provided services to many of the world’s leading gold mining companies, both in Australia and Africa.
The Perth Mint posted record revenue of $4.4 billion and pre-tax profit of $24.9 million for Q1/Q2 of the 2015/16 financial year.
Premier Colin Barnett said the result reflected the significance of the Mint to the State and its future development.
“Gold mining has been at the cornerstone of the State’s advancement for more than a century, and The Perth Mint has always played an integral role in that industry,” Barnett said.
Physical gold and silver have been seen as the ultimate store of wealth for millennia, and have been highly sought after by investors the world over.
Demand remains strong today across the globe, with thousands of tonnes purchased annually from a diverse group of investors that include Indian housewives, central banks, hedge funds and family offices.
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).
ABC Bullion’s Chief Economist Jordan Eliseo provides his insights from the SMSF Association National Conference last week on the growth in physical bullion investment and why trustees are buying bullion.
The SMSF Association National Conference was attended by more than 1,000 financial advisers, accountants, auditors and service providers and is the largest annual gathering for professionals servicing the $600 billion Self-Managed Superannuation Fund market in Australia.
From its renowned precious metals refinery to its modern manufacturing facilities, through to its range of gold coins and bars, and innovative precious metals investment offerings – The Perth Mint has evolved from its humble yet industrious beginnings into a dynamic enterprise which embraces the global gold market.
As Australia’s only remaining, fully operating ‘gold rush’ mint of the 1800s, The Perth Mint’s grand colonial building continues to guard the wealth of operations and gold exhibits, which each play a role in adding value to, and promoting, gold worldwide.
Gold Fields Australia’s dedicated Foundation has today provided $50,000 to the Princess Margaret Hospital Foundation to fund the first stage of building a facial analysis database of Indigenous children’s faces from the Goldfields region.
Chairman of the Gold Fields Australia Foundation Alex Munt explained the importance of this program which will enable a significant number of medical conditions and diseases to be diagnosed through facial analysis.
This Saturday the Gold Industry Group will be joining members Kalgoorlie-Boulder Chamber of Commerce, Gold Fields Australia and 80 other community organisations at the Explore the Goldfields Community Expo in Saint Barbaras Square, Kalgoorlie.
Visit us at the Expo to find out more about the Gold Industry Group, our members and enter our competition to WIN a Kangaroo Minted Gold Bar thanks to our partner The Perth Mint!
The Chinese consider gold an exciting and aspirational gift associated with good luck, and is often given during Chinese New Year. Chinese New Year will be celebrated on Monday 8 February, marking the arrival of the Year of the Monkey.
For more than 7,000 years, gold has been highly prized as a symbol of wealth, splendour, and power.
As Christmas draws near and an abundance of gifts fill retail stores throughout the world, we reflect on the original gift of Christmas – gold – as the lustrous yellow metal plays a part in one of the oldest stories of Christianity.
ABC Refinery, the refinery division of Pallion, has been appointed to The London Bullion Market Association’s (LBMA) Good Delivery list for gold.
ABC Refinery’s appointment to this exclusive list is a testament to its ability to refine and produce gold products to LBMA level, universally regarded as the highest international standard. LBMA accreditation is given only to companies that meet the Association’s stringent assaying and bar quality criteria as well as its responsible gold and net tangible asset requirements.
The ASX and The Perth Mint (Gold Corporation) have signed an agreement to develop new precious metals derivatives products that will be quoted and traded on ASX.
The collaboration will enable ASX to grow its suite of commodities products and services, backed by the world-class physical market infrastructure of The Perth Mint.
Join Gold Industry Group members Norton Gold Fields and the Kalgoorlie-Boulder Chamber of Commerce and Industry for St Barbara's Festival this weekend to celebrate mining and its contribution to our heritage, our economy and our community.
We are pleased to announce the Gold Industry Group’s first Annual General Meeting was held this month and the Board of Directors and Committee of Management were elected.
We’re delighted Gold Corporation Chief Executive Officer Richard Hayes was appointed Chairperson and Gold Fields Executive Vice President Richard Weston was appointed Vice Chairperson.
In the third quarter of 2015, demand for bars and coins sky-rocketed as global investors were eager to grab a bargain whilst metal prices remained low.
This phenomenal surge didn’t go unnoticed at The Perth Mint, with more than 2.7 million of its new Australian Kangaroo 1oz silver bullion coins selling out in record time ahead of its official launch in September.
In contrast to the interest in coins, Exchange Trade Fund (ETF) gold holdings declined during the quarter, reflecting their predominately professional investor ownership. Silver ETF holdings, however, held up, which is a result of their mostly retail ownership.
The Perth Mint has joined us as a major partner to promote the critical role the precious metal sector plays in the Western Australian economy.
Perth Mint Chief Operating Officer David Woodford said The Perth Mint is proud to partner with the Gold Industry Group representing the interests of gold producers, explorers, prospectors and suppliers to the trade.
“We welcome this opportunity to partner with the Gold Industry Group to further the understanding of the broader gold industry, the drivers of demand for physical gold, and the forces shaping the current market.”
The annual What’s Down the Track Forum brings together leaders in the mining industry to the heart of the gold mining region in Kalgoorlie-Boulder. The Forum kicks off on Wednesday 28 October 2015.
This year’s Forum incorporates 21 professional industry exhibition bays, including Gold Industry Group members Norton Gold Fields and Gold Road Resources and is expected to attract more than 250 delegates.
