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Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
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China, Ghana gold production spike, others fall | MINING.com

by Vladimir Basov:

 

The top 10 gold producing countries mined out 1,799 tonnes of the precious metal which is 2% more than in 2011.

 

In 2012, the top 10 gold producing countries slightly increased their gold output.


According to the United States Geological Survey (USGS) provisional data, estimated global gold production amounted to 2,659 tonnes in 2012, and was in line with 2011 totals (2,660 tonnes).


With updated data for China, announced by the China Gold Association after the USGS estimates became known, world gold output rose to 2,692 tonnes in 2012, or 1.2% growth compared to 2011. ...

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Ghana officially denies Iran Gold deal

Ghana officially denies Iran Gold deal | Gold and What Moves it. | Scoop.it
For the first time after the controversy over gold transactions with Iran, Ghanaian government officially denied any involvement in the deal.

 

ACCRA(BullionStreet): For the first time after the controversy over gold transactions with Iran, Ghanaian government officially denied any involvement in the deal.

 

An official Ghana government statement denied claims that it was engaged in transaction with Iran that requires the discharge of financial commitments to the country in gold. ...

Hal's insight:

Do you believe it? I'm not so sure I do. But I will give them the benefit of the doubt.

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Ghana again denies official involvement in Iran Gold deal

Ghana again denied any involvement in transferring 1.5 tons of gold to Iran.

 

ACCRA(BullionStreet): Ghana again denied any involvement in transferring 1.5 tons of gold to Iran.

 

A statement by country's Information ministry said preliminary findings from an on-going investigations has absolved the government from playing any role in the transfer of 1.5 tonnes of gold to Iran.

 

However, the reports said two Ghanaians,operating under the corporate identity of Omanye Gold Mining Ltd were involved in a transaction to supply gold to one Iranian national.

 

It said the cargo departed Accra on 31st December 2012 with the goods which was destined for Dubai but was detained in Ataturk International Airport in Istanbul, Turkey on 1st January, 2013 because of claims of questionable documentation. ...

Hal's insight:

Deny it. Well, Duh! There is some international agreements making it a negative thing to trade with them. What you would expect them to do. Not only that but if they use gold for money that is like a double negative against them. Of course they would deny it. Don't want the central bankers mad at them. That would really be bad.

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