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Kyrgyz Republic seizes Stans Energy rare earth project

Kyrgyzstan’s gilded economy

The state agency of geology and mineral resources of Kyrgyzstan announced this week that in 2011, the output of the gold-mining industry of the ex-Soviet republic increased by 41.7% compared with 2010. The value of gold production dominated by the Kumtor mine owned by Canada's Centerra was $1.9 billion, almost a full 15% of the impoverished country's $13.16 billion (2011 est.) gross domestic product.
MINING.com Editor | February 5, 2012 | 9:30 pm
The return of the great gold hedge

Poluys fill the vaults ahead of listing, Kinross takeout rumours swirl

In a trading update Monday Russia’s Polyus Gold International, owned by Mikhail Prokhorov, announced a 8% increase in gold production to just under 1.5 million ounces which boosted earnings 40%. Prokhorov, a Vladimir Putin rival in upcoming presidential elections, is also readying his firm for a London listing after which he says he wants to do a major deal.
MINING.com Editor | January 30, 2012 | 6:16 pm

Thanks a bullion Ben, you’ve given gold its best start since 1980

Bloomberg reports gold traders are upbeat about the prospects for the gold price for the fourth week in a row after the Fed's interest rate move gave gold the best start to a year since 1980. Gold has risen 10% since the start of the year, rebounding from the first quarterly decline in three years and scaling the $1,700 an ounce level for the first time since December 9.
MINING.com Editor | January 28, 2012 | 12:32 am
Gold price: No taper could bring 'relief rally'

Bernanke kicks gold over $1,700 bar

The US Federal Reserve on Wednesday pledged to hold interest rates at levels near zero until late 2014. The surprising announcement sent gold soaring in afternoon trade and the yellow metal scaled the $1,700 an ounce level for the first time since December 9 last year as investors – worried about cheap money flooding markets – turn to gold as a storer of wealth.
MINING.com Editor | January 25, 2012 | 11:53 pm
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Falling solar production costs give China ‘enormous’ advantage over rivals — report

The cost of producing solar modules in China has dropped by 42% in the last 12 months, Wood Mackenzie says.
MINING.com Editor | December 14, 2023 | 12:36 pm