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Gold: Turkey imposes a surcharge on some imports
Turkey has introduced a 20% surcharge on certain gold imports in an attempt to curb the negative impact on the current account balance. The decision states that gold imports from countries that do not have free trade agreements and are not part of the European Union...
Gold and silver: Hochschild gets key permit for Inmaculada mine in Peru
Hochschild Mining shares jumped 17 percent in London Wednesday after the company announced the approval of an amended Environmental Impact Assessment for its flagship gold and silver mine, Inmaculada, in southern Peru. The new permit, valid for 20 years, allows...
Gold: India’s demand in 2023 may drop 10 per cent to three-year lows
India's gold demand in 2023 could fall 10 per cent from a year ago, hitting a three-year low, as record prices are curbing retail purchases. Falling purchases in the world's second-largest gold consumer could limit the recovery in global prices. Falling demand for...
Mexico: Newmont’s Peñasquito strike will damage the national mining sector
The Mexican Chamber of Mines (Camimex) warns that the interruption of Newmont’s Peñasquito gold and silver mining operations, due to a strike now in its fourth week, will have a significant impact on the already weak national mining production. Operations at the...
