Viewing entries tagged
investment
Australia’s gold industry has long been a cornerstone of the nation’s resource sector, contributing billions to the economy and supporting thousands of jobs across mining, refining, and export. With gold prices reaching historic highs and demand showing no signs of slowing down, the future of the industry looks bright.
The Junior Minerals Exploration Incentive (JMEI) has been extended for four years thanks to a $100 million boost from the Coalition Government that will fuel industry growth and ensure jobs for future generations of miners.
The JMEI has supported 85 junior exploration companies to date, with over half of these companies headquartered in Western Australia. Australia’s gold exploration activities are critical to the future growth of the industry.
The Perth Mint has announced a ground-breaking public Q & A series with Australian entrepreneur Mark Bouris, to demystify the world of gold investing.
‘Searching for Gold with Mark Bouris’ is an exclusive joint venture with The Perth Mint and Mr Bouris, who will lead the public on the search for the answer to the question ‘why invest in gold?’.
Gold shone bright at this year’s Diggers & Dealers Mining Forum as 1,900 delegates converged in Kalgoorlie, marking its first time without visitors from overseas and interstate.
Relive the golden highlights from the 29th year of the Diggers & Dealers Mining Forum.
Since the gold rushes of the 1850s Australia’s gold industry has been making a vital contribution to the country’s economic prosperity, generating wealth and underpinning global production. Moreover it is the lifeblood of many regional communities, creating jobs and educational opportunities, while providing vital infrastructure and boosting tourism.
We recently spoke to Alice Or, Account Executive at ABC Bullion, about her journey in Australia’s gold industry and her lifelong passion for precious metals.
The Deloitte WA Index’s gold report is a tale of two decades, covering gold’s transition from Y2K to the COVID-19 pandemic and everything in between.
Discover how the same asset that was used to support various monetary systems around the globe in the 20th century remains a key element in today’s economic tapestry, with its intrinsic value and ability to weather market declines, rising inflation and depreciation of currency.
ABC Refinery is now accredited by the CME Group for its premier gold product, the COMEX ‘GC’ gold futures contract, and sees ABC Refinery bars added to the COMEX good delivery list of brands used to physically settle against the GC gold futures contract in New York.
ABC Refinery is the refining division of the Pallion Group and have been involved in the refining and processing of precious metals in Australia since 1951.
We recently spoke to Nishan Kodituwakku, Deputy Treasurer at ABC Refinery, about his finance journey in Australia’s gold industry and gold’s value in protecting wealth during times of uncertainty.
Global leader in precious metals The Perth Mint has joined with leading-edge technology specialists Security Matters Ltd to develop the world’s first mine to market ethical gold supply chain assurance solution.
Titled trueGold, the initiative will lead the commercialisation of a worldwide integrity application for gold mining companies, refiners, vault operators, depositories, mints, wholesalers and retailers.
Australia’s gold exports are forecast to hit a record high of AUD $25 billion in 2019-20 according to the Department of Industry, Innovation and Science’s September edition of Resources and Energy Quarterly (REQ).
The September REQ shows Australia remains the world’s second largest producer of gold, with production increasing by 6.3% in FY 2018–19 to 321 tonnes, equating to 9% of the world’s total supply in 2018.
This year’s Diggers & Dealers was as good as gold as 2450 delegates descended on Kalgoorlie for mining’s biggest industry event.
Former Australian Prime Minister John Howard was a hit, gold shone throughout the three day program with GIG Directors Andrea Maxey and Stuart Tonkin taking to the stage, a focus on the image of mining created much discussion at our popular breakfast event with Deloitte, and Northern Star Resources claimed dealer of the year.
With gold breaking through AUD$2,000, the outlook for gold mining equities is immense. How can gold producers take advantage of this new gold bull market?
Jake Klein, Evolution Mining Executive Chairman, will provide the answer in his keynote presentation at ABC Bullion’s National Conference 2019: A Global Case for Gold.
The Perth Mint has unveiled Australia’s greatest gold icon in New York City for a rare one day event to celebrate the official launch of The Perth Mint Physical Gold Exchange Traded Fund (NYSE Arca: AAAU) on the New York Stock Exchange.
The one-of-a-kind Australian Kangaroo One Tonne Gold Coin is recognised by Guinness World Records as the largest coin ever created. Tipping the scales at 1,000kg of 99.99% pure gold, and measuring 80cm wide and 13cm deep, this masterpiece of precious metal engineering and craftsmanship is valued at more than AUD60million
Meet Technical Coordinator Amanda Wang, as she takes us behind the scenes at ABC Refinery, from perfecting Australia’s precious metals to the latest technology.
Last month’s RIU Explorers Conference was the biggest yet, with resources companies, brokers, funds, bankers, investors, government and suppliers come together to discuss exploration and production successes and opportunities.
Now in its 18th year, the conference featured a number of Gold Industry Group members.
The Perth Mint has expanded the market for Australian gold in China with its recent appointment as an International member of Shanghai Gold Exchange (SGE).
As an International member of SGE, The Perth Mint would now also gain access to an extensive network of gold distributors trading directly on the SGE platform throughout China.
Should central banks hold gold?
From the late 1980s into the new millennium the answer appeared to be in the negative, with global central bank reserves declining from around 36,000 tonnes to under 30,000 tonnes.
The Perth Mint recently launched the Perth Mint Physical Gold ETF (NYSE Arca: AAAU), the first exchange-traded fund with sovereign-backed gold trading on the New York Stock Exchange (NYSE).
AAAU is guaranteed by the Government of Western Australia, with shares exchangeable for delivery of a wide range of gold products.
Given the incredible rally in the price of Bitcoin (BTC), and other crypto-currencies like Etherium this year, there has been no shortage of interest in this space, with precious metal investors asking whether or not BTC is basically a digital version of gold and silver or not.
