Newmont has raised the bar on its commitment to inclusion with employees now eligible to receive 26 weeks paid parental leave, and 10 days domestic violence leave, a significant increase from the previous 14 weeks paid parental leave and five days unpaid domestic violence leave.
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The Gold Industry Group’s gold partner, The Perth Mint, is displaying some of the most incredible and valuable gold quartz rocks ever discovered in Australia for the next couple of weeks.
The massive gold specimens, discovered underground at RNC Minerals’ (‘RNC’) Beta Hunt mine in Kambalda, in Western Australia’s Goldfields region.
The Minister for Mines and Petroleum, the Honourable Bill Johnston MLA, today unveiled Australia’s most valuable legal tender collector coin crafted by the historic Perth Mint.
One of a kind and valued at $2.48 million, the Discovery gold coin features argyle pink diamonds and is the Mint’s most exclusive and notable numismatic release to date.
Presenting to a crowd of 500 West Australian Mining Club members in May, Stuart Tonkin, Chief Executive Officer Northern Star Resources, began by ensuring their view of the gold industry’s future was seen through rose-coloured glasses.
As CEO of one of Australia’s largest gold producers and a Director on the Gold Industry Group Board, Stuart said future proofing the gold sector through investment in exploration was key to staying steady and maintaining current production levels.
ABC Refinery is now officially accredited by the Shanghai Gold Exchange (SGE), making it one of only seven international companies who can sell gold into the world’s top gold consuming nation.
A crucial network for trading gold in China, all official gold sales within China must occur through the SGE making it the primary gateway into the world’s largest gold market worth over A$341 billion annually.
Evolution Mining Limited has announced gold produced at its Mt Rawdon gold mine, located 20 kilometres southeast of Mt Perry, has been used to make Australia’s most iconic horse racing trophy for the 2018 Lexus Melbourne Cup.
This is the third consecutive year that Australia's second largest gold miner has supplied the gold to make the Melbourne Cup trophy, but the first time the gold has come from one of its Queensland operations.
The Gold Industry Group’s role is vital to educating and engaging with the wider community on the historic, social and economic importance of the gold industry to Western Australia.
“By leading community and industry initiatives we can create change that will positively influence future generations and ensure the industry stays strong,” said Richard Hayes, Gold Industry Group Chairperson.
The Perth Mint has created a strong new market for Australian gold producers with Chinese investors now buying more than 230 tonnes of Australian gold bullion, worth $11 billion, on the Shanghai Gold Exchange every year.
The Gold Industry Group will launch its #heartofgold Discovery Trail next year in Perth, providing a fun and interactive way for the community to connect with the importance and history of gold, which remains at the heart of our nation today.
This long-term community engagement initiative will engage millions of students, families and tourists alike. Here is a sneak peak of what you will find.
The 2016 Emirates Melbourne Cup has been made entirely from gold sourced, refined and crafted in Australia for the first time in its 150-year history.
One of the only trophies in the world still hand-spun from solid gold, the Emirates Melbourne Cup is produced by ABC Bullion. It contains 44 pieces that are hand spun over a 250-hour production process.
A focus on identifying new global markets for Australia’s precious metal products has paid off for The Perth Mint, which has met strong international demand for bullion bars and coins in 2015/16, and delivered a record pre-tax profit of $41.04 million.
The Perth Mint – owned and backed by the Western Australian Government - has added significant value to the export capability of both the state and the nation over the period. It has also supported and promoted Australia’s precious metals industry locally and overseas.
When buying gold how do you know which brands to trust? How can you ensure you don’t get short changed on weight or purity?
Last month, Jordan Eliseo discussed the London Bullion Market Association (LBMA) accreditation process. While the LBMA’s “good delivery” only covers 400oz bars which would be out of the reach of most investors, accreditation ensures that the refining and bar manufacturing processes of an accredited company is of the highest standard. As a result, investors trust that any of the smaller bars produced by LBMA refineries will be of the stated weight and purity. A list of accredited refineries can be found on the LBMA’s website here.
Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.
The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.
Last month the Gold Industry Group attended ABC Bullion’s sold out seminar; “The New Bull Market in Precious Metals”. It was evident gold is in focus as more than 600 investors, finance professionals and media filled the Ivy Ballroom in Sydney.
Last week the Gold Industry Group held its inaugural industry networking event at the historic Perth Mint. The event was attended by the Minister for Mines and Petroleum, Honourable Sean L’Estrange MLA, and 90 members and industry colleagues to discuss the future of Australia’s gold industry and the vision of the Group.
Perth Mint Chief Executive Officer and Gold Industry Group Chairman Richard Hayes spoke about the importance of the Group and what it can achieve collectively.
We are pleased to announce the Gold Industry Group’s first Annual General Meeting was held this month and the Board of Directors and Committee of Management were elected.
We’re delighted Gold Corporation Chief Executive Officer Richard Hayes was appointed Chairperson and Gold Fields Executive Vice President Richard Weston was appointed Vice Chairperson.
Gold Fields Australia is committed to contributing to the long-term sustainability of the communities in which they operate, building relationships with key stakeholders and providing funds for the social and economic upliftment of people. Gold Fields actively supports projects in the areas of education and health. These projects have a strong focus on educational opportunities for Indigenous people.