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By Reuters Staff 1 Min Read TORONTO, May 18 (Reuters) - Canada’s Centerra Gold is taking all measures possible to protect shareholder rights and is seeing good support from the Canadian and UK governments, Chief Executive Scott Perry said on Tuesday, a day after Kyrgyzstan seized control of the company’s Kumtor gold mine. Kyrgyzstan’s parliament voted Monday to take over the gold mine, the country’s largest, after Centerra said it would take the government to an international court. Reporting by Jeff Lewis Editing by Chizu Nomiyama ....
Output fell 9.92% y/y to 74.44 T First quarter demand reverted to pre-pandemic level (Adds details on spending, background on bullion) BEIJING, April 30 (Reuters) - China’s gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said on Friday. Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website. The rise came as spending for gold jewelleries picked up quickly during China’s Lunar New Year holidays and Valentine’s Day, said the association. ....
By Reuters Staff 2 Min Read (Reuters) -China’s Chifeng Jilong Gold Mining on Monday cancelled an agreement to buy the Bibiani gold mine in Ghana, saying it had not received timely information from the seller about the termination of the mining lease. Australia-based Resolute Mining agreed to sell Bibiani to Chifeng Jilong for around $105 million in December, apparently extending a flurry of Chinese M&A in the gold mining sector, only to announce last month its lease had been terminated by the Ghanaian government. The lease was restored last week under terms that did not recognise the sale. In a filing, Chifeng Jilong said Resolute had been told in a Nov. 6 letter from Ghana’s Minister of Lands and Natural Resources that the lease had been terminated but “did not disclose” the information. ....
By Reuters Staff 1 Min Read April 19 (Reuters) - China’s Chifeng Jilong Gold Mining said on Monday it had terminated an agreement to buy the Bibiani gold mine in Ghana, five days after proposed seller Resolute Mining’s lease for the mine was restored. Resolute agreed to sell Bibiani to Chifeng Jilong for $105 million in December. Its lease was abruptly ended by the Ghanaian government in March and restored last week under terms that did not recognise the sale. (Reporting by Tom Daly; Editing by Toby Chopra) ....
By Reuters Staff 2 Min Read April 15 (Reuters) - Australian shares fell on Thursday, as losses across the board and a mixed finish on Wall Street overnight weighed on the benchmark index. The S&P/ASX 200 index fell 0.33% to 7,000.2 in early trade, after having closed above 7,000-mark on Wednesday for the first time since late-February last year. Wall Street’s main indexes closed mixed overnight, with the Nasdaq Composite and S&P 500 seeing a fall. The Dow Jones Industrial Average rose on bumper bank earnings. In other markets, Nikkei futures were up 0.32% and S&P 500 E-minis futures added 0.18%. Australian tech shares fell 1.49%, led by losses in Nearmap Ltd, down 3.1%, and Xero Ltd that shed 2.83%. ....