Mining needs more activist investors, says top gold producer
Businessam Staff
August 8, 2017
Mining companies could benefit from more investor activism in the wake of Elliott Management Corp.’s campaign for improved performance at BHP Billiton Ltd., according to Australia’s second-largest gold producer. The sector’s record of returns warrants closer scrutiny from shareholders, Jake Klein, Evolution Mining Ltd. Executive Chairman said in an interview in Kalgoorlie, Western Australia. “I’d […]
Big bang tax reform roils India gold demand as buyers adjust
Businessam StaffAugust 3, 2017
Gold demand in India, which vies with China as the world’s biggest user, will hold below a five-year average in 2017 as buyers adjust to a new uniform tax regime, according to the World Gold Council. Consumption is seen between 650 and 750 metric tons this year, compared with the annual average of about 850 […]
Physical gold demand rises in first half, but market sees surplus, analysts say
Businessam StaffJuly 27, 2017
Physical gold demand globally rose to 1,895 tonnes in the first half of 2017, up 17 percent from the same period last year, GFMS analysts at Thomson Reuters said. But the market saw a surplus of 138 tonnes in the first six months compared to a balanced market in the same period last year, despite […]