Anglo Asian Mining profits drop as it begins business revamp MINING ITS OWN BUSINESS Profits at gold and copper producer Anglo Asian Mining have plummeted as the miner looks to expand its business across Azerbaijan.
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ Interview Staff at a financial services firm in the City of London have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]
No more license for Amazon: Brazil court deals lethal blow to world’s largest gold mine License suspended What would have been the largest open-pit gold mine in the world is no more, after a Brazilian federal court upheld the suspension of an environmental license, dealing a blow to the Canada-based company behind the project. Belo Sun Mining was appealing the same court’s 2017 ruling, which found that the company’s consultation with local [...]
More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]
Gold prices recover despite Federal Reserve rate hike March 17, 2022 Gold prices have surged to $1,941 per ounce despite the US Federal Reserve increasing interest rates by 25 basis points.
Gold diggers: Mining firms team up to address market ‘challenges’ March 7, 2022 London-based gold and nickel exploration firm Katoro Gold has entered into a joint venture with an Australian company Lake Victoria Gold. The companies plan to work on Katoro’s so-called Imweru Gold Project, after it had previously announced the sale of the scheme. Katoro chief executive Louis Coetzee said the agreement “was a strategic decision by the [...]
Golden opportunity: Worried investors drive the rally February 22, 2022 Gold prices have rebounded this month, with the precious metal glittering in the gloom amid escalating tensions between Russia and the West.
Gold consolidates rallies as investors seek safe haven from Ukraine tensions February 18, 2022 Gold prices have stabilised after surging over the past two days, ahead of a potential US-Russia meeting over Ukraine next week.
Barrick Gold unveils $1bn share buyback scheme amid rising copper production February 16, 2022 Barrick Gold has announced a $1bn share repurchase scheme, alongside a six per cent rise in its fourth quarter profits.
Golden opportunity: Safe haven asset soars following deepening market turmoil February 14, 2022 Gold has maintained last week's rally, following the escalation of geopolitical tensions between Russia and the West over the future of Ukraine.