Australia’s Blackham Resources (ASX: BLK) today announced it has finalized a $23 million funding deal with New York- based fund manager, Lind Partners. The deal follows the the decision to restart open pit mining at Blackham’s historic Wiluna hub. The Wiluna mining centre is located northeast of Perth. Over 4 million ounces of gold has […]

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London — Randgold Resources Ltd said on Monday it agreed to the terms of a recommended share-for-share merger with Canada’s Barrick Gold Corp in a deal worth $18.3bn. Under the terms of the deal, each Randgold shareholder will receive 6.1280 new Barrick shares for each share of the African rival, the companies said. Barrick shareholders […]

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The Bureau of Indian Standards (BIS) has announced that from January 1, 2017, all hallmarked gold jewellery will have gold caratage stated on the piece in addition to the fineness of the metal which is currently marked. As per the revised standards that have been announced by the official agency, Hallmarked Gold jewellery will now […]

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The announcement by the US Federal Reserve that it has it was increasing its rate by 25 basis points bringing the expected target for the federal funds rate to between 0.5%-0.75%, the first increase since December 2015, pushed gold prices to their lowest levels in the last ten months. Prices touched levels of US$ 1135 […]

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If implemented, a buyer of gold jewellery will end up paying around 6 percentage more by way of tax as at present the total tax comes to around 12.5%. MUMBAI: The Goods and Services Tax Council, which will decide the GST rates, has discussed levying 16% GST rate on gold jewellery, cutting customs duty on […]

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