Press releases

The World Gold Council, the market development organisation for the gold industry, welcomes Resolute Mining Limited (“Resolute”) to its Board of Members. Resolute is one of the fastest growing producers listed on the Australian Securities Exchange and has continuously been mining and producing gold for 25 years. Resolute is an experienced and active explorer, developer, operator and innovator, with long life mines in southern Mali and Queensland, Australia and has recently been awarded two prospective large-scale exploration concessions in Egypt.

Global gold demand in Q2 2017 was 953 tonnes (t), a fall of 10% compared with the same period in 2016. This was reflected in a 14% decline in demand for the first half of 2017, which slowed to 2,004t, according to the World Gold Council’s latest Gold Demand Trends report.

The LME (London Metal Exchange) and the World Gold Council have today confirmed that LMEprecious will launch on 10 July 2017, as planned. All preparations are now complete with regulatory go-ahead also received.

Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s latest Gold Demand Trends report. Inflows into Exchange Traded Funds(ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to the weakness. Bar and coin investment, however, was healthy, at 290t, an increase of 9% year-on-year, while demand firmed slightly in both the jewellery and technology sectors.

Newcrest Mining (“Newcrest”) has re-joined the World Gold Council, the market development organisation for the gold industry. Newcrest is the largest gold producer listed on the Australian Securities Exchange and one of the world's largest gold mining companies with mines located in Australia, Papua New Guinea, Indonesia and in Côte d’Ivoire.