2016 April

Apple harvested almost $40 million worth of gold from recycled gadgets last year

Apple harvested almost $40 million worth of gold from recycled gadgets last year, and is now deploying robots to take iPhones apart in a major environmental push. In its latest annual environmental responsibility report, which was published last week, Apple explained that it gathered 2,204 pounds of recycled gold during

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China Goes Prospecting for World’s Gold Mines

Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16% since hitting a six-year low in December, the metal has still been trading close to levels last seen

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India could be sitting on a gold mine and not know it

Only about 13% of India’s 575,000 square kilometers of land with geological potential has been explored in detail, says Indian Mineral Federation [caption id="attachment_3153" align="aligncenter" width="621"] Imports of the metal came to $35 billion last year, and were equivalent to about 43% of the country’s current account deficit in the

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Soon, gold coins will be available at India Post

KOLKATA: The Indian gold coins may soon be available across the country. MMTC, the government agency handling marketing of the first such national coins, is likely to enter into an agreement with India Post shortly for the purpose, officials said. While Indian Overseas Bank has started distributing these coins through

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Russia, China in Gold buying spree

Central Bank of Russia became the world's leading purchaser of gold, as it bought 356,000 ounces of the precious metal in February 2016, according to the International Monetary Fund (IMF). In general, Russia increased its reserves of monetary gold by 208.4 metric tons in 2015 and continues to buy the

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