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Maktari closes gold bullion deal worth $11.7 billion

Apart from Saudi Arabia’s oil and gas reserves, there are believed to be sizeable deposits of other minerals within the Royal Kingdom. Mr M L A Maktari the broker appointed for and on behalf of a private investor within Saudi Arabia has just closed and reserved for the next 3 years gold bullion to the value of just under $11.7 billion. Most of these deposits are within Switzerland as holding is restricted within Saudi Arabia. Maktari was refe... [more]

Eastern Platinum Reports Increase in Mining Rate, Development, Production and Revenues

Eastern Platinum Limited has announced the financial results for the year ended June 30, 2007 and an overview of operations during the quarter ended June 30, 2007 (all amounts reported in $USD). Eastplats is a growing platinum group metal (“PGM”) producer engaged in the acquisition, development and mining of PGM properties located in South Africa. All of the Company’s properties are situated on the western and eastern limbs of the Bushveld Com... [more]

BullionVault growth accelerates as credit crunch pushes savers into gold bullion

BullionVault.com has announded it has accelerated its growth in the third quarter as the global credit crunch sparked a move into bullion by cash savers. Gold holdings by volume grew by more than one-fifth between July and October. BullionVault now looks after more than $102 million in gold and cash on behalf of private individuals based in 78 countries worldwide. At the end of September 2007, the gold held by BullionVault's customers had i... [more]

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Other Gold news

Montana's Stillwater buying Toronto metals company

Stillwater Mining Co. is buying Marathon PGM Corp. for $118 million to gain control of the Canadian company's Ontario precious metals reserve and other properties, the companies announced Tuesday.

Gold Seeker Weekly Wrap-Up: Gold Ends 1% Higher on the Week While Silver Soars Over 4% to a 30 Month High

Gold climbed to as high as $1253.85 in London before it fell all the way to $1238.04 in early New York trade after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.16%. Silver fell to as low as $19.41 by about 9AM EST, but it then stormed to a 30 month high of $19.91 by midday and ended with a gain of 1.69%. Silver’s ...

GLD Sham....WOW!

Ahhh, the curves life throws at you sometimes still amaze me! I’d worked all summer in anticipation of taking a two week vacation...now.

Gold Seeker Closing Report: Gold and Silver Gain With Oil and Stocks

Gold traded mostly slightly higher in Asia and London and rose to as high as $1253.05 by about 9:30AM EST in New York before it fell back off a bit in choppy trade into the close, but it still ended with a gain of 0.43%. Silver climbed to a new 3 month high at as high as $19.66 before it also fell back off slightly in the last 4 hours of trade, but it still ended with a gain of 0.83%.

Coastal Pacific Mining Corp. Announces Appointments to the Board of Directors

CALGARY, AB--(Marketwire - September 2, 2010) - Coastal Pacific Mining Corp. ( OTCBB : CPMCF ) (the "Company") announces that on August 26, 2010, Mr. Berscht notified the Company of his retirement and has resigned as a director and officer of the Company. Mr. Joseph Bucci, a current director of the Company has been appointed President and Secretary-Treasurer of the Company and will fill the role ...

Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 2%

Gold traded mostly slightly lower in Asia and London before it jumped higher in early New York trade and saw an over $10 gain at $1247.35 ahead of a slight dip midmorning, but it then advanced to new highs in the last few hours of trade and ended near its last minute high of $1249.75 with a gain of 0.86%.

Gold Seeker Closing Report: Gold and Silver End Near Unchanged While Stocks Fall

Gold traded within a tight range of $1233.10 to $1238.18 and ended with a gain of 0.08%. Silver climbed to as high as $19.19 and fell to as low as $18.91 before it bounced back higher and ended unchanged on the day.

PRECIOUS-Gold in 3-day rally as prices hit fresh 2-mth peak

PRECIOUS-Gold in 3-day rally as prices hit fresh 2-mth peak

Metals and Mining Review - August 2010

While the slow economic recovery is a significant factor in short-term decisions regarding M&A activity, mining companies expect to make acquisitions over the next three years.

PRECIOUS-Gold dips as rally loses steam; U.S. data eyed

PRECIOUS-Gold dips as rally loses steam; U.S. data eyed




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