Zinc MCX CMP @ 127.10
Silver Rocket Bull Market as Prices 10-Month High
Gold Silver Reports — Silver is poised to enter a bull market after prices jumped to a 10-month high and as investors pile into precious metals, with top forecasters’ staying positive on gold.
China Starts Gold Fixing Bid
Gold Silver Reports — China, the world’s biggest producer and consumer of gold, started a daily price fixing on Tuesday in an attempt to establish a regional benchmark and bolster its influence in the global market.
Sibanye Biggest Gold Miner Says Laws Not Acceptable
Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the metal from South African mines, criticized the country’s planned Mining Charter, saying some aspects of the legislation are “not acceptable” in their current form.
The government published draft proposals on Friday stating that mines must be at least 26 percent-owned by black investors, even if those stakes are subsequently sold. Mining executives including Sibanye Chief Executive Officer Neal Froneman have argued this will lead to existing investors’ stakes being continually diluted.
Failure Is Inevitable
Success is often achieved by those who don’t know that failure is inevitable. – Coco Chanel
Sibanye Appointed Heads for Gold, Platinum and Coal
Gold Silver Reports — Sibanye Gold Ltd. appointed heads for its platinum, gold and coal businesses as the South African company restructures after expanding into these commodities through acquisitions.
Wayne Robinson has been named chief executive officer of the gold and uranium unit, while Jean Nel was appointed CEO of platinum, Sibanye said in a statement Monday.