Some mining news
China's gold output exceeds 164 tonnes in first half of year
MCOT -
August 6, 2011 -
PERMALINK
China's gold output grew by 5.18 tonnes, or
3.25 percent year-on-year to 164.42 tonnes during the first half of the
year, the Ministry of Industry and Information Technology (MIIT) said
Friday. In June alone, the country
Gold sky-rockets to all-time high in India as traders gear up for spectacular jewellery festival
Frik Els -
August 6, 2011 -
PERMALINK
The price of gold zoomed to an all-time high of
Rs24,770 per 10 grams by adding Rs420 in New Delhi, India on Saturday
on frantic buying by stockists and investors.
India is the world's number one consumer of gold and official figures
released on Friday show the country's revenue from the importation of
gold almost doubled in 2010-11 compared to the previous year. The news
follows the announcement by the World Gold Council that it is teaming
up with jewellers to sell discounted gold to price-conscious Indians
during the all-important Shraavan Aavani month that culminates in a
festival next Friday.
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