Kazakhstan Government Buys Gold October 3, 2011
Posted by Editor in Corporate News.Tags: Gold, gold mining, gold prices, kazakgold, kazakhgold, kazakhstan
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In another example of governments seeking to expand their gold reserves, the Kazakhstan central bank announced last month that it plans to lock up domestic supplies of refined gold by using a “priority right” it received from the government to buy bullion designated for exports amid record prices for the metal.
You can read more about this development from a recent Bloomberg News report and from Reuters.
Kazakhstan’s central bank said it would be buying up the Central Asian nation’s entire gold bullion output until at least 2014-15 to ease its exposure to the sagging dollar.
Alhambra Announces 1,362 km2 of Gravity and Magnetic Surveys and a Remote Sensing Survey September 28, 2011
Posted by Editor in Corporate News, mining updates.Tags: Gold, gold investing, gold mining, gold prices, kazakgold, kazakhstan
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CALGARY, Alberta – Alhambra Resources Ltd. (TSX Venture: ALH) (“Alhambra” or the “Corporation”), an international gold producer and explorer, announces that the Corporation has initiated geophysical surveys comprised of both gravity and magnetic surveys and a remote sensing survey on its 100% owned, 9,800 km2, Uzboy Project area (“Uzboy Project”) (see Figure 1).
HIGHLIGHTS
- An initial gravity survey of 1,360 km2 and a 1,070 km2 magnetic survey is being prepared,
- The surveys will be conducted on the southeast part of the license including Dombraly and Shirotnaia,
- Field magnetic measurements will be conducted along a 1.0 by 0.1 kilometre (“km”) grid and the gravity measurements along a 1.0 by 1.0 km grid,
- The interpretation of a satellite imagery remote sensing survey which began in July is in progress,
- The objective of the surveys being conducted is to identify new target areas inside Alhambra’s license area.
The full press release can be found here or by visiting Alhambra’s official IR page.
An Interesting View on Gold Prices May 31, 2011
Posted by Editor in Corporate News.Tags: gold mining, gold prices, kazakhgold, kazakhstan, kazakhstan gold, polyus gold
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To follow the ongoing commentary on the price of Gold is like drinking from a fire hydrant. However, every once in a while we see some interesting perspectives out there.
Bloomberg just published an opinion piece that we thought was interesting. They put a bit of a prick in the bubble of those that link the precious metal’s 27 percent increase in dollar terms during the past year to signal ominous things to come. However, they argue that:
Yes, price surges for gold don’t always reflect genuine fears and the need for disaster-proof investments.
And, yes, gold’s price may continue to climb this year. A recent Bloomberg News survey of 31 analysts, investors and gold- mine operators found respondents, on average, predicting a year- end price of $1,750 an ounce, up significantly from recent levels of about $1,530. If such a rise occurs, however, it’s likely to reflect normal public demand for a shiny commodity, rather than a far- sighted warning to the world’s central bankers.
