The Gold Industry Group recently spoke with diversity scholarship recipient and geologist, Sarah Arnoldi, one year on since discussing her honours thesis, following her journey into her first role as a geologist at Newmont’s Tanami gold mine in the Northern Territory.
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Attracting the who’s who among the globe’s greatest precious metals investors, Western Australia – which accounts for more than 70% of Australia’s overall gold production - has cemented itself as a major destination to explore and mine for the famous yellow metal.
With this in mind, Australia’s largest precious metal event, The Precious Metal Investment Symposium (PMIS), has this year pulled up stumps and relocated from Sydney to WA’s capital and world-renowned mining hub, Perth.
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.
This year's Diggers & Dealers saw near-record numbers with a strong gold presence and a focus on emerging discoveries and the future of mining.
Read the Gold Industry Group's highlights from the 27th year of Diggers & Dealers.
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.
More than 100 members and industry colleagues attended last month’s annual industry networking event at the historic Perth Mint, to discuss the future of gold mining in Australia with special guest the Hon. Bill Johnston MLA.
Gold industry leader and Northern Star Resources Chief Executive Officer Stuart Tonkin joined the Gold Industry Group Board of Directors last week as he looks forward to working alongside the experienced team to grow the Group.
“There is a great opportunity to tell our story and show our support for the community as an industry. The gold industry is a significant contributor to the socio and economic fabric of our country and we often don’t tell our story as well as some of the other resource sectors,” Mr Tonkin said.
Western Australia’s gold history is both colourful and fascinating. Following the challenges of the First World War, the 1930s brought revitalisation to the gold industry with a rise in the gold price and an increase in foreign investment. However, it was the discovery of a gold nugget in 1931 that created a national sensation and saw many prospectors return to WA.
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 Gold Industry Group has released results from a study conducted by Deloitte Access Economics into the gold industry, revealing its significant contribution to Australia’s history, economic development and social advancement.
“From the 1850s, the demand for gold has helped grow, sustain and define Australia,” said Deloitte Access Economics Partner Matt Judkins.
The Gold Industry Group recently spoke to BGC Contracting's Communities & Diversity Manager Sarah Eatough on how she is helping to facilitate greater diversity across the business and in the community.
Innovative mining recruiter IRP Resources is the latest company to join the Gold Industry Group’s growing member base.
IRP’s Mining Manager Andrei Sarpe said the company was excited to be a part of an industry group that shares the same passion for the gold sector.
A research project with new member Deloitte was announced recently at the Gold Industry Group’s (GIG) Annual General Meeting in support of 2017 initiatives to educate the community, connect the industry and promote gold across Australia.
“This research will show the importance of gold to our economy and our communities – particularly regional communities for whom gold mining is their primary source of commercial activity,” Matt said.
The Gold Industry Group was delighted to elect Gold Fields Vice President of Compliance & Legal Kelly Carter to the position of Vice Chair along with the re-election of current Board members.
Chairman Richard Hayes opened the GIG's second Annual General Meeting with a summary of the Group's first year of activities and welcomed new members Deloitte and Impact Minerals.
The gold industry is very particular when it comes to measuring gold, which is not surprising considering how valuable it is relative to its size.
While many countries moved to metric system, the precious metals industry globally continued to use the historic troy ounce as its basic unit of measure. If you think it is an unfair advantage for countries that didn’t change, like the USA, you would be wrong as a troy ounce is not the same as an ounce – is it actually heavier. It is its own unique measurement unit.
Australian mining and civil construction contractor BGC Contracting has joined the Gold Industry Group.
BGC Contracting CEO Greg Heylen said the company was pleased to join the group which was making such an important contribution to the long-term future of the gold industry.
Read about the importance of the Gold Industry Group, the storied history of gold in Australia, our members - The Perth Mint, Doray Minerals, Ramelius Resoucres and Gold Fields Australia - in The West Australian "A Golden Future" Liftout published 20 July, 2016.
Australia’s largest precious metals event and the peak body of the country’s gold sector have come together in partnership at a time when enthusiasm for precious metals is at its highest in several years.
With many gold companies’ share prices having doubled and the Australian dollar gold price nudging record highs, the organiser of the Precious Metals Investment Symposium, Kerry Stevenson, says: “Our collaboration with the Gold Industry Group is a fantastic way to show the strength of the industry and its importance to Australia’s economy.
In our last article on gold supply, we mentioned that one needs to be careful applying conventional commodity supply/demand analysis to gold.
Unlike many commodities, the share of industrial uses is very small, less than 10%. Most gold demand is either jewellery or investment of one sort or another.
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.