Posts Tagged ‘india’

The South African government has quashed persistent rumours about nationalizing the country’s mining industry. AFP reports the government has no plans to nationalize its mines despite the radical rhetoric being espoused by some in the ruling ANC party: “As we speak, nationalisation is not a policy of the government or ANC,” Godfrey Oliphant, deputy minister for mineral resources, told a round-table ahead of the ... Full story

Hint of significant gold and copper deposits have been found in Rajasthan, Karnataka and Uttar Pradesh, with the gold reserves believed to be world class. Full story

The 2012 week-long celebrations of the Year of the Dragon in China were nothing but a major ‘gold rush’ with gold sales volumes exceeding 95 million U.S. dollars, which is an almost 50 percent increase over last year’s celebrations, reported Xinhua. Full story

On the last day of Roundup, Vancouver’s mining showcase, Sandy Chim CEO of Canada’s Century Iron Mines , flashed a few slides about China, India and the iron ore market over the last decade that would make gold bugs green with envy. BHP, Vale and Rio Tinto control nearly 70% of the 1 billion tonne annual iron ore seaborne trade and pretty much all ... Full story

We are live blogging from Day Two of the Vancouver Resource Investment Conference. The show floor was quiet when I arrived at 8:30 this morning, with exhibitors not arriving until 9:30 Full story

The emergence of young, entrepreneurial high networth individuals in India is leading to a more diverse investment appetite, with gold linked debentures and gold ETFs high on the list. Full story

VICENZA,(ITALY): Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 per cent in 2011 and is set to grow a further 10 to 15 per cent this year with bullion prices falling back after recent gains, the head of Gitanjali... Full story

'Factors affecting Indian, Chinese jewelry demand in 2012' Read more : gold jewelry demand,jewelry demand 2012,indian jewelry demand,chinese jewelry demand,silver jewelry demand India and China will continue to be the big markets for precious metals... Full story

India’s Gold demand is likely to remain muted in 2012 and could stay at levels seen in 2011, said Commerzbank in a research note. In 2011 central bank buying more than offset understated Indian demand as per the latest IMF statistics. Full story

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates. Full story