LATEST NEWS : Goldcorp CEO Jeannes Sees "Peak Gold" in Sector This Year or Next

Miners have reached “peak gold,” in which production of the precious metal has hit its high as easy-to-mine gold deposits become harder to find, said Chuck Jeannes, chief executive of Goldcorp, the world’s largest gold miner by market capitalization.   continue reading at online.wsj.com

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LATEST NEWS: China National Gold Talks to Barrick About Potential Partnerships

China National Gold Group Corp. is on the hunt for acquisitions and partnerships, the mining company’s president said, possibly becoming a kingmaker in the beleaguered industry. Xin Song said he recently talked about potential partnerships with Barrick Gold Corp., the world’s largest gold producer. But talks about an investment in the African properties of Ivanhoe […]

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China Buys, Produces Record Amounts of Gold

BEIJING—China’s output and consumption of gold rose to record levels last year, entrenching the country’s position as the world’s largest producer and an opportunistic buyer of bargain-price commodities. The unprecedented level of Chinese purchases came as prices of the precious metal tumbled 28% to end the year at $1,205.99 an ounce, its lowest level since […]

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China’s yuan makes waves on international currency markets

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency. “The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said […]

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