Buyer From:
United Kingdom
/
Quantity Requirement:
500 Ton
Requirements: - Acceptance of SBLC (Standby Letter of Credit) - Full payment only upon testing and smelting ore in South Korea - Seller to provide certificates of purity, export, and customs clearance Procedure: - Seller prepares 500kg/AU (21-23K). - Export customs clearance - After import clearance and purity inspection results, importer pays taxes. - Warehousing by Brinks and smelting (99.99%/24K) by Refinery (LS MnM/Korea Zinc). - Buyer pays for smelted gold - LBMA price.
Gold discoveries have dwindled since 2020, threatening future supply as production is set to peak in 2026 and decline afterward.
Gold has hit record highs this year but faces reduced demand from high prices. Geopolitical tensions may sustain investor interest.
Gold typically declines in September, but strong demand and central bank purchases might help counter this trend.
A study finds earthquakes may explain large gold nugget formation by generating electrical charges in quartz,leading to gold deposition
Kinross Gold's Great Bear project could produce 518,000 ounces of gold yearly at $812/ounce, with a $1.9 billion net present value, starting in 2029.
Weir to supply HPGR for De Grey’s Hemi Gold Project in Australia, boosting efficiency and sustainability.
Inflection Resources and Fleet Space are using AI for a copper-gold survey in Australia’s Macquarie Arc to find new drill targets.
Major miners like Rio Tinto and BHP struggle to acquire copper producers due to rising valuations and declining share prices amid economic slowdown.
Victoria Gold CEO John McConnell was fired by PwC after the company’s Yukon mine went into receivership due to a landslide.
Tribal warfare near Barrick Gold’s Porgera mine in Papua New Guinea has killed at least 20 people and briefly halted the mine’s operations.