Australian mining and civil construction firm BGC Contracting Pty Ltd has been announced as Australian Mining’s Contract Miner of the Year.
The award recognises BGC Contracting’s collaborative approach to improving efficiencies at Cliffs Natural Resources Koolyanobbing, resulting in savings of more than $100 million over three years.
In the last big bull market in gold in the 1970s, buying gold was straightforward with only a few options to choose from.
Today, investors are spoilt for choice, making the decision a lot more complex and confusing.
Soa (The Hulk) Palelei gave two motivational speeches to children and adults at the Meekatharra Youth Expo thanks to the support of Doray Minerals Ltd, Mission Australia, the Department of Premier & Cabinet and the Meekatharra Shire.
In its inaugural year, and organised by the Meekatharra Shire, the communities of Wiluna, Meekatharra, Yulga Jinna, Mt Magnet, Cue and Newman were invited to participate in the Youth Expo which informed people of the wide range of within school and post-school options and networking opportunities.
A focus on identifying new global markets for Australia’s precious metal products has paid off for The Perth Mint, which has met strong international demand for bullion bars and coins in 2015/16, and delivered a record pre-tax profit of $41.04 million.
The Perth Mint – owned and backed by the Western Australian Government - has added significant value to the export capability of both the state and the nation over the period. It has also supported and promoted Australia’s precious metals industry locally and overseas.
The Gold Industry Group hosted its inaugural Women in Gold event recently at The Perth Mint, attended by more than 300 industry professionals.
Headline speaker Gold Fields Australia Vice President of Legal and Compliance Kelly Carter discussed the current challenges and opportunities for the mining sector.
Gold Industry Group member Ramelius Resources announced record gold production exceeding guidance again in the September 2016 quarter, totalling 36,179 ounces of gold.
The company’s operations in Western Australia was up from its guidance of 31,000-35,000oz, while unit costs were expected to be significantly lower than the guidance of $A1100/oz, due to the higher production level.
The Gold Industry Group will be hosting its inaugural event to recognise and promote women in gold this Friday night at The Perth Mint. The Women in Gold Sundowner has generated significant interest attracting more than 300 members and industry colleagues..
The gold industry is very particular when it comes to measuring gold, which is not surprising considering how valuable it is relative to its size.
While many countries moved to metric system, the precious metals industry globally continued to use the historic troy ounce as its basic unit of measure. If you think it is an unfair advantage for countries that didn’t change, like the USA, you would be wrong as a troy ounce is not the same as an ounce – is it actually heavier. It is its own unique measurement unit.
Gold Industry Group Chairman and Perth Mint Chief Executive Officer Richard Hayes, a precious metals industry expert, will headline a key group of speakers at the 7th Annual Precious Metals Investment Symposium, being held in Sydney in October.
A thought leader on the global precious metals market, Mr Hayes will share his knowledge and unique insights into the industry at the two-day event. He will also discuss the ‘case for gold’ and investing long-term in precious metals to build wealth and reduce risk.
When buying gold how do you know which brands to trust? How can you ensure you don’t get short changed on weight or purity?
Last month, Jordan Eliseo discussed the London Bullion Market Association (LBMA) accreditation process. While the LBMA’s “good delivery” only covers 400oz bars which would be out of the reach of most investors, accreditation ensures that the refining and bar manufacturing processes of an accredited company is of the highest standard. As a result, investors trust that any of the smaller bars produced by LBMA refineries will be of the stated weight and purity. A list of accredited refineries can be found on the LBMA’s website here.
The Perth Mint has unveiled stunning new designs of Australia’s official annual bullion coin program.
The 2017 suite of releases showcase Australia’s iconic fauna in their natural environment, and the tenth animal from the ancient Chinese zodiac as the lunar calendar enters the anticipated Year of the Rooster.
Australian mining and civil construction contractor BGC Contracting has joined the Gold Industry Group.
BGC Contracting CEO Greg Heylen said the company was pleased to join the group which was making such an important contribution to the long-term future of the gold industry.
A unique initiative has been launched today to give Resolute Mining Limited shareholders the opportunity to receive dividend payments in gold.
Resolute has today announced a dividend of 1.7c per share following the adoption of an innovative gold sales-linked dividend policy. Their partnership with The Perth Mint will provide shareholders with the opportunity to receive dividend payments in gold.
Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.
The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.
Last month the Gold Industry Group attended ABC Bullion’s sold out seminar; “The New Bull Market in Precious Metals”. It was evident gold is in focus as more than 600 investors, finance professionals and media filled the Ivy Ballroom in Sydney.
Key-note speakers were Evolution Mining Executive Chairman Jake Klein and Cor Capital Executive Director Tom Rachcoff.
Why is money like oxygen? There is a lot of it around, and we use it all the time. Like oxygen, not surprisingly, we end up taking it for granted.
Find out the role of gold as a monetary asset and why it has been well understood across the centuries.
Diggers & Dealers was a buzz this year bringing a touch of gold fever to Kalgoorlie with close to 60% of the program made up of gold presenters and a number of deals made.
Here are some of the Gold Industry Group’s highlights from the 25th year of Diggers.
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.
