Australia’s gold exports are forecast to hit a record high of AUD $25 billion in 2019-20 according to the Department of Industry, Innovation and Science’s September edition of Resources and Energy Quarterly (REQ).
The September REQ shows Australia remains the world’s second largest producer of gold, with production increasing by 6.3% in FY 2018–19 to 321 tonnes, equating to 9% of the world’s total supply in 2018.
The City of Kalgoorlie-Boulder is inviting all artists to register for the 2019 Art Prize, with more than $37,000 in prize money, plus the opportunity to hold a solo exhibition in the Goldfields Arts Centre gallery.
The theme “A Place to Call Home”, lends itself to a myriad of concepts, such as beginnings, ancestry, origins, belonging and identity.
ABC Refinery and Pallion provide assurance for consumers by using responsible sourcing and sustainability practices.
Palloys, the jewellery manufacturing and supply division of Pallion, recently attained certification from the Responsible Jewellery Council (RJC), the foremost standard setting and certification organisation in the world for the international jewellery industry.
The winners of the City of Kalgoorlie-Boulder 2018 Art Prize were announced at an awards evening at the Goldfields Arts Centre on Friday night 21 September.
The annual event has taken a new direction this year, offering a major $20,000 acquisitional prize and artists having to submit work to a theme of gold.
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.
Most people are familiar with the primary uses of gold; as a currency, in the creation of coins and bars, and as jewellery.
However, gold is also used for medical purposes in the treatment of rheumatoid arthritis and certain cancers; and in modern dentistry and orthodontics. It can be consumed as an indulgence in beverages or as a culinary decoration; and used in electronic devices such as mobile phones, tablets, and televisions, to name a few, as it is a highly efficient conductor that doesn’t corrode, making it extremely reliable.