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By Roman Baudzus |
January 9, 2013
As if last year's new regulations from the Indian government had not caused enough turmoil at the local gold markets, today the Ministry of Finance and the Reserve Bank of India (RBI) will be publishing new regulations aimed at raising gold import taxes to 6%.
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By Roman Baudzus |
December 21, 2012
South African platinum producers are already enduring significant production drops caused by strike activities. Now that the situation is somewhat back to normal, the government is upsetting companies and markets with plans to introduce legal changes.
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By Roman Baudzus |
December 5, 2012
Demand for the yellow metal is skyrocketing Nepal, though an increasing number of traders are said to be illegally using gold to pay for imports from neighboring India, given the weakness in the Nepalese rupee.
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By Roman Baudzus |
November 21, 2012
A new report from the world's largest gold producer Barrick Gold provides yet another illustration of the problems facing gold mining companies. According to Barrick, total production costs for all mining companies exceeded the $8 billion mark last year.
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By Roman Baudzus |
November 1, 2012
Despite its natural endowment of resources such as gold, platinum, palladium and many other precious, rare metals, the Southern African state of Zimbabwe has not been able to profit from the decade-long boom in the metals markets.
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By Roman Baudzus |
October 11, 2012
Strikes at South African mines have coincided with the sudden resignation of Aquarius Platinum's CEO. Stuart Murray has not offered any comments on his motives. But it seems clear that the situation in the country's mining sector is escalating.
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By Roman Baudzus |
September 11, 2012
Loans backed by physical gold appear to be increasing again in India, as shown by quarterly data and statements from the management of Muthoot Finance, one of the biggest lenders in the country’s non-bank sector.
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By Roman Baudzus |
August 7, 2012
The Swiss National Council member talks about a signature campaign aimed at repatriating the portion of official Swiss gold reserves that are held outside Switzerland. The "gold initiative" is aiming to collect 100,000 signatures.
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By Roman Baudzus |
July 12, 2012
Last summer’s record high gold prices encouraged many Aussie mining firms to start higher-cost gold extraction which results in a smaller number of ounces being produced. Adverse weather conditions at the start of the year also hurt Q1 production.
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By Roman Baudzus |
June 19, 2012
New mining laws are not the only reason why commodities markets have been focusing their attention on Kyrgyzstan. The country's government is also introducing a new 12% mining tax aimed at putting an end to growing tax evasion among Kyrgyzstan's gold and copper producers.
