Ghana's 2014 Gold revenues drop 17.4% to $3.8 bn.

Ghana, Africa's second largest gold producer behind South Africa, exported 3.16 million ounces of gold last year, slightly lower than the 3.19 million ounces produced in 2013. ACCRA (Bullion Street): Ghana's revenues from gold mining dropped 17.4% from $4.6 billion in a year earlier to $3.8 billion in 2014 on output decline and low market prices, the West African country's chamber of mines said on Wednesday. Read More »»

India's Gold imports rise 10.47% in May

Gold imports stood at $2.19 billion in the same month of 2014. In April 2015, the imports rose 78.33% to $3.13 billion. NEW DLEHI(Bullion Street): India's Gold imports recorded a growth of 10.47% in May fuelled by the falling prices and softening of restrictions by RBI. The imports touched $2.42 billion in May, PTI quoted a government data. Read More »»

South Africa's mining output rises 7.7% in April

The highest positive growth rate was recorded for platinum group metals (PGMs). The increase of 81.6% was partly due to the low base set in April 2014 when the sector was affected by industrial action. JOHANNESBURG (Bullion Street): Mining production in South Africa increased 7.7% year-on-year in April 2015, latest figures from Statistics SA showed on Thursday. Read More »»