Meet Technical Coordinator Amanda Wang, as she takes us behind the scenes at ABC Refinery, from perfecting Australia’s precious metals to the latest technology.
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Australia’s largest precious metals event, the Precious Metals Investment Symposium (PMIS), returns in October for its 10th year, bringing together explorers and producers, to bullion companies and other investment vehicles.
To be held on 24 to 26 October 2019 at the Sofitel Wentworth in Sydney, New South Wales, the Gold Industry Group (GIG) is an industry partner of the event for the 4th year, alongside member sponsors The Perth Mint, G4Si and ABC Bullion.
Gold produced at Evolution Mining Limited’s Mt Rawdon gold mine in Queensland was used by ABC Refinery, in inner Sydney, to make Australia’s most iconic horse racing trophy - the 2018 Lexus Melbourne Cup.
Now meet the everyday Aussies who made it happen.
This month marks the 10 year anniversary since Lehman Brothers, one of the highest profile casualties of the Global Financial Crisis (GFC), went bankrupt in the United States.
We spoke to Gold Industry Group Company Secretary Bron Suchecki, who was working at The Perth Mint at the time, and ABC Bullion Chief Economist Jordan Eliseo, about their memories from that time period.
The Gold Industry Group recently discovered what happens behind the scenes in one of the world's largest precious metals logistics companies.
We recently spoke to Nathan Eastwood, the General Manager for the South Asia Pacific region at G4S International.
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.
Gold Industry Group Chairman and Perth Mint Chief Executive Officer Richard Hayes, a precious metals industry expert, will headline a key group of speakers at the 7th Annual Precious Metals Investment Symposium, being held in Sydney in October.
A thought leader on the global precious metals market, Mr Hayes will share his knowledge and unique insights into the industry at the two-day event. He will also discuss the ‘case for gold’ and investing long-term in precious metals to build wealth and reduce risk.
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.
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.
The Perth Mint posted record revenue of $4.4 billion and pre-tax profit of $24.9 million for Q1/Q2 of the 2015/16 financial year.
Premier Colin Barnett said the result reflected the significance of the Mint to the State and its future development.
“Gold mining has been at the cornerstone of the State’s advancement for more than a century, and The Perth Mint has always played an integral role in that industry,” Barnett said.
Physical gold and silver have been seen as the ultimate store of wealth for millennia, and have been highly sought after by investors the world over.
Demand remains strong today across the globe, with thousands of tonnes purchased annually from a diverse group of investors that include Indian housewives, central banks, hedge funds and family offices.