The State Administration of Foreign Exchange announced that China’s gold reserves now equal 1054 tons, grabbing the market’s attention and showing that China is beginning to raise its gold reserve as its long-term strategy, not only as an important tool to hedge USD risk, but also to bolster RMB’s globalization with its increased gold reserve. [...]
By Kishori Krishnan Exclusive To Gold Investing News The number one issue among gold advocates and proponents today is trying to ascertain the future for gold in 2009 and indeed into 2010. The price of the yellow metal has been on the upswing. After breaking the $940 mark, gold is expected to rise to as [...]
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing its Serra Pelada gold, platinum and palladium project.
Rusoro Mining Ltd. reports in response to August 27th issued by Gold Reserve that it would like to confirm that it tabled a non-binding expression of interest expiring at 11:59 pm Vancouver time on August 26, 2008. Since its formation in 2006, Rusoro’s stated corporate strategy has been to consolidate the gold mining sector in Venezuela. Management viewed [...]
The Canadian Press reports Gold Reserve has rejected an unsolicited takeover offer from Rusoro Mining. Rusoro offered two shares for each share of Gold Reserve – a proposal that the Spoke, Wash.-based company’s board said was inadequate and not in the best interests of shareholders. Doug Belanger, President of Gold Reserve says: “This highly conditional expression [...]
Gold Reserve Inc. reports that it has received an unsolicited non-binding expression of interest from Rusoro Mining Ltd. The Board of Directors of the Company reviewed the expression of interest and unanimously determined that it is inadequate and not in the best interests of the Company’s shareholders. President of Gold Reserve, Doug Belanger states: “This highly conditional expression [...]
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