Russia discovers large gold reserves at one of Rosatom's deposits
The State Commission for Solid Mineral Reserves of Russia's Federal Agency for Mineral Resources (Rosnedra) recently confirmed the discovery of gold reserves at Rosatom's Sovinoye deposit in the amount of more than 100 tonnes, the rating agency Rusmet reported.
Jan 19, 2024 10:00
Russia company Seligdar starts construction of gold recovery plant in Far East
The Russian company Seligdar which is mainly engaged in the exploration of gold has started construction of a gold extraction plant and other key facilities at the Khvoynoye deposit in Yakutia in far northeastern Russia, the rating agency Rusmet reported.
Nov 02, 2023 12:00
China's gold output, consumption grow in Jan-Sept
China's domestic gold output increased slightly by 0.47% on year to total 271.25 tonnes in the first three quarters of 2023, suggesting steady gold production across the country, according to a latest release by the China Gold Association (CGA) on October 25. Within the total, 214.87 tonnes were fro
Oct 26, 2023 12:00
China's Jan-Sept gold consumption jumps 48% to 814 t
China's gold consumption soared 48.4% on year over January-September to reach 813.6 tonnes, with notable rises recorded in all main usage sectors including jewellery, gold bar and coin and industrial applications, according to the quarterly report of the China Gold Association (CGA) published last w
Nov 03, 2021 17:15
China’s H1 gold consumption soars 69% to 547 tonnes
China’s gold consumption for all uses swelled by 69.2% on year to 547.05 tonnes over January-June, mainly supported by fast recovering demand for gold for jewellery, and from the gold bar and coin sectors, according to the quarterly report by the China Gold Association (CGA) on August 3. The country
Aug 04, 2021 09:00
WGC: World gold supply surplus soars to 958 t in 2020
The surplus of gold in the global market jumped to 957.8 tonnes during 2020, as against 419.6 tonnes in 2019, as demand for the precious metal was severely impacted by the COVID-19 pandemic and by the rise in gold prices, according to the latest data from the World Gold Council
Feb 05, 2021 15:30
China’s 2020 domestic gold supply deficit plunges by 27%
China’s domestic gold supply deficit fell by 26.8% on year to 455.6 tonnes in 2020, reflecting last year’s decline in consumption which was notably steeper than the fall in production, Mysteel Global calculated from China Gold Association (CGA) data published on February 1.
Feb 03, 2021 09:30
India: NMDC, MECL signed joint exploration of minerals
NMDC Limited, India’s largest iron ore producing Navratna Company, today signed an MoU (Memorandum of Understanding) with Mineral Exploration Corporation Limited (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals in various
Dec 23, 2020 10:00
Investors eye Indian gold bonds as metal price off climax
Indian gold investors are eyeing the Reserve Bank of India’s latest tranche of sovereign gold bond offering as an entry point for making fresh purchases in the precious metal, which has pulled back a bit after hitting a record high in the first week of this month.
Sep 02, 2020 12:30
China’s H1 gold supply deficit narrows on lower demand
China’s domestic gold supply deficit plunged by 55.3% on year to 153.2 tonnes over January-June, mainly because of a faster decline in consumption during the pandemic, Mysteel Global calculated basing on the latest data from the China Gold Association (CGA) on July 28.
Jul 28, 2020 18:00
Gold prices: Shanghai