Azerbaijan’s silver production in January-October 2015 totalled 92.1 kilograms, down 69% from a year earlier. Silver production during October totalled 17.4 kilograms.
Category: Bullion Street
Lucara recovers world’s second largest Diamond in Botswana
The diamond, which originated in the south lobe of the mine, is the second-largest gem-quality diamond ever recovered and the largest ever to be recovered through a modern processing facility.
India Oct Gold jewellery exports fall 20.7% to $834.1 mn: GJEPC
Gold jewellery exports were down 22.68% to $ 4.65 billion in the first seven months of FY 2016, while that of medallions & coins more than doubled to $ 2.72 billion in the same period.
Turkish Silver imports hit record high in 2015
The country imported 256.52 tons of silver in the first ten months of the year as against 227.36 tons for the full year 2014.
India’s polished Diamond exports down 17% in Oct: GJEPC
By volume, exports dropped 16% to 3.7 million carats, while the average price of the exports plunged 29% to $499.44 per carat.
India’s Gold imports plunge 59.5% to $1.7 bn in Oct
The contraction in imports helped in narrowing the trade deficit to $ 9.76 billion in October, lowest since February. It was $6.85 billion in that month.
South Africa’s mining production contracts 4.8% Y Y in Sep
Mineral sales fell by 1.5% year on year in August, with the largest contributor being lower sales of coal, iron ore, nickel, and gold.
Russia’s Gold, FX reserves fall to $366.1 billion
The value of Russian gold reserves rose by 2.5% to $48.89 million in September as compared to 47.68 million recorded in August.
Turkey finds mine with 100 tons of Gold in Soma
The discovery is located near the mining town of Soma in the western province of Manisa, known for its exploitation of lignite and the tragedy that killed 301 people in a mine of this mineral in May 2014.
Global Gold demand up 8% in Q3: WGC
Demand for gold jewellery, which makes up more than 60% of total gold demand, was up 6% in the third quarter to 631.9 tons– it’s highest level for that quarter since 2008.