Over the last decade Russia’s Central Bank acquired 570 metric tonnes of gold. The amount is almost triple the weight of the American Statue of Liberty and makes Russia the world’s biggest buyer of gold.
http://rt.com/business/news/russia-biggest-gold-buyer-946/
Rio Tinto is looking into restarting its Panguna mine in Papua New Guinea, one of the world’s largest sources of copper and gold.
http://www.reuters.com/article/2013/02/07/riotinto-australia-bougainville-idUSL4N0B72ZC20130207
Silver Wheaton Corp said on Tuesday it had signed a $1.9 billion deal with Brazil’s Vale SA to acquire a share of the gold produced at some of the company’s mines in Brazil and Canada.
http://www.reuters.com/article/2013/02/05/silverwheaton-vale-idUSL1N0B5OEB20130205
But what happens up here in Pascua-Lama, where Canadian mining giant Barrick Gold is developing the first open-pit gold mine to straddle two countries, will have a huge impact on the people living in the valleys below on both sides of the border — for better or for worse.
MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.
http://business.inquirer.net/97991/xstrata-mine-in-philippines-set-back-to-2019
KHARTOUM, Nov 27 (Reuters) – Sudan expects to produce around 50 tonnes of gold this year, earning $2.5 billion, its mining minister said, as the country seeks to offset the loss of most oil reserves when South Sudan became independent last year.
http://www.reuters.com/article/2012/11/27/sudan-gold-idUSL5E8MR59U20121127
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