查看更多>>摘要：A spurt in gold prices has resulted in Indians queuing up at jewellery showrooms to sell gold jewellery. Almost 15 tons of gold jewellery is being sold off every month. The trend started about three months back when gold prices in the global markets started shooting up. This is an unusual phenomenon as Indians are known to be buyers of gold jewellery, not sellers. But the temptation to sell jewellery is too strong right now. Gold prices of a TT bar (ten tola) have jumped by 11 percent to 326 dollars now from 299.55 dollars on March 11.
查看更多>>摘要：Norilsk Nickel expects its output of nickel, copper and platinum group metals this year to be unchanged from 2001, but forecasts a resumption of growth in 2003 once necessary upgrades to production facilities are complete, company directors said. "We are in the middle of upgrading our furnaces and this creates bottlenecks," Deputy Chairman Leonid Rozhetskin said. However, he said the current investment "will put us in a position to begin growth of ore and metal production again.
查看更多>>摘要：In a bid to reduce transaction cost for gold jewellery exports, the government has relaxed norms for gold import under the scheme "Export Against Supply by Foreign Buyer". According to a circular issued by the Central Board of Excise and Customs (CBEC), for the purpose of calculation of bank guarantee amount in case of import of gold under the scheme, the duty rate applicable will be Rs 250 per 10 gms. Nominated agencies and status holder exporters can import gold/silver/platinum without payment of duty under the scheme for the purpose of manufacture of jewellery and export.
查看更多>>摘要：Russia's largest nickel, copper and precious metals producer Norilsk Nickel in the first quarter of 2002 sold 96 percent of its copper exports and 64 percent of nickel to end-users, Norilsk Nickel's General Director Mikhail Prokhorov told an annual shareholder meeting in Moscow. Prokhorov said Norilsk Nickel's aim was to reduce its dealings with trade intermediaries. He said in 2001 over 90 percent of copper exported and 50 percent of nickel were sold through traders.
查看更多>>摘要：Russia's Norilsk Nickel sells practically all its exported platinum on the international spot market, Deputy Chairman of Norilsk's board Maksim Finsky told an annual shareholders meeting in Moscow. Finsky said the spot platinum position was at this time "very liquid, comfortable and stable." He said Norilsk Nickel was selling all its platinum on the spot market except for small amounts supplied to end-users. Finsky added that under contracts with end-users platinum group metals, such as platinum, palladium and rhodium were supplied together.
查看更多>>摘要：In a stock market darkened by a troubled economy and accounting scandals, one investment still shines: gold shares. The S&P Gold Index, which includes North America's largest gold producers, has been the best sector performer this year, and the rally is not going to end any time soon, say money managers. Gold prices have been on a bull run this year amid concerns over financial irregularities in corporate America, a slumping US dollar, and tension in the Middle East. This has made gold miners one of the few safe havens in a troubled equity market.
查看更多>>摘要：Dr A K Kundra, Secretary, Ministry of Coal and Mines, Department of Mines, has invited leading companies of South Africa and Ghana to participate in the development of the Indian mining industry. Dr Kundra is leading a 15-member mining mission, organised by CII, in South Africa and Ghana from 26th June to 5th July, 2002, to promote business opportunities in the Indian mining sector and explore new emerging technologies and possible areas of cooperation with these countries. While making a presentation on the 'Overview and Opportunities in Indian Mining Sector' in South Africa and Ghana, Dr Kundra said that with the establishment of a strong legal system and liberalisation of Indian Mining Policy, there lies vast opportunities for both domestic and foreign players to set up production facilities as well as tap markets.
查看更多>>摘要：Mexican mining activity in April fell 10.1 percent from the year-ago month, with lower copper output offsetting sharp gains in precious metals production. The National Statistics Institute, or INEGI, said gold production in April rose 31.5 percent to 2,440 kilograms, while silver output soared 58 percent to 273,971 kilograms, both compared to the like 2001 month. Copper output, however, fell 36.4 percent to 20,914 metric tons. Grupo Mexico, the world's third largest copper producer, suffered a six-week strike at its La Caridad mining complex in northwestern Mexico. The strike ended April 17. Meanwhile Industrias Penoles, the world's biggest silver producer, has been seeking to work its mines and refineries at full capacity to take advantage of the increase in world gold and silver prices.
NSTL