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Will India try restricting gold ownership? Anonymous sources are contradictory
India May Impose Curbs on Domestic Gold Holdings
By Neha Dasgupta
From Reuters
Friday, November 25, 2016
The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money," news agency NewsRise reported, citing an unnamed finance ministry official.
NewsRise did not provide further details. A finance ministry spokesman declined to comment on the report.
Gold premiums in India jumped to two-year highs last week as jewellers ramped up purchases on fears the government might restrict imports after withdrawing higher-denomination notes from circulation in its fight against black money. ...
... For the remainder of the report:
http://in.reuters.com/article/india-modi-corruption-gold-idINKBN13K0H5
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No Proposal to Restrict Gold Holding by Individuals
From the Press Trust of India
via The Times of India, Mumbai
Friday, November 25, 2016
NEW DELHI -- The government is not considering any proposal to restrict holding of gold by individuals, a top finance ministry source said today.
Following the demonetization of 500- and 1,000-rupee notes in a bid to crack down on black money, there were apprehensions among people that the government might impose some kind of restrictions on gold holding by individuals.
"There is no such proposal before the government on restricting domestic gold holding," the source said. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/news/economy/policy/no-proposal-to-r...
K92 Mining Begins Gold Production at Kainantu Mine
Company Announcement
Wednesday, October 5, 2016
K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.
Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."
...For the remainder of the announcement:
http://www.k92mining.com/2016/10/6077/
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