You are here
Daily Dispatches
Gold increasingly is becoming money in India, or at least collateral
Submitted by admin on Tue, 2025-11-25 09:45 Section: Daily DispatchesGold Loan Boom: 3,000 New Branches to Open in India in 12 Months
By Atmadip Ray
The Times of India, Mumbai
Tuesday, November 25, 2025
KOLKATA -- India's gold loan market is set for a big boost with non-bank lenders planning to add about 3,000 branches in the next 12 months or so exclusively for lending against jewelery.
The market, dominated by state-owned banks, swelled 36% year-on-year to Rs 14.5 lakh crore at the end of September.
... Dispatch continues below ...
Barrick will pay Mali $430 million to settle gold mine dispute
Submitted by admin on Tue, 2025-11-25 09:09 Section: Daily DispatchesBy Katarina Hoije and William Clowes
Bloomberg News
Tuesday, November 25, 2025
Barrick Mining Corp. has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, as part of a deal to end a two-year dispute that shuttered one of the company's most important gold operations, according to people familiar with the matter.
Barrick and Mali settle gold mine dispute
Submitted by admin on Mon, 2025-11-24 14:47 Section: Daily DispatchesBy Divya Rajagopal and Portia Crowe
Reuters
Monday, November 24, 2025
Barrick Mining said today it had reached an agreement with Mali's government to resolve all their disputes over the Loulo-Gounkoto gold mining complex after two years, sending shares in the Toronto-listed company to a record high.
Reuters reported on Friday that Barrick and Mali had in principle agreed to resolve the dispute.
... Dispatch continues below ...
... ADVERTISEMENT ...
From gold giant to boardroom bust: Barrick weighs breakup
Submitted by admin on Sun, 2025-11-23 09:52 Section: Daily DispatchesBy Leslie Hook, Alan Livsey, and Humza Jilani
Financial Times, London
Sunday, November 23, 2025
When John Thornton and Mark Bristow sealed the merger of Barrick Gold and Randgold Resources in 2018, creating then the world’s biggest gold miner, it was seen as one of the smartest deals in the sector.
Nearly seven years later, after a series of mis-steps at Barrick, the $64 billion company is under mounting pressure to restructure or split up, in effect unwinding the deal.
... Dispatch continues below ...
Barrick Mining and Mali agree in principle to resolve dispute over gold mine
Submitted by admin on Sat, 2025-11-22 10:04 Section: Daily DispatchesBy Divya Rajagopal and Portia Crowe
Reuters
Friday, November 21, 2025
Barrick Mining and Mali's government have reached an oral agreement in principle to resolve their dispute over the Loulo-Gounkoto gold mining complex, two sources familiar with the situation told Reuters today.
No agreement has yet been signed, the sources said.
... Dispatch continues below ...
... ADVERTISEMENT ...
China warns that its citizens risk becoming 'mining slaves' in African gold rush
Submitted by admin on Fri, 2025-11-21 16:40 Section: Daily DispatchesBy Xiuhao Chen and Joe Cash
Reuters
Thursday, November 20, 2025
BEIJING -- China's embassy in the Central African Republic has warned that its citizens risk becoming "mining slaves" in the politically unstable nation's gold trade, as Chinese workers look to sub-Saharan Africa as jobs in the Asian giant's gig economy dry up.
Chinese nationals have been killed or kidnapped by armed groups and even their supposed business partners, while others were scammed out of large sums of money and deported for illegally mining, the embassy said in a statement today.
Mike Maharrey: Real money works everywhere, as Islamic silver did in the Viking world
Submitted by admin on Fri, 2025-11-21 16:31 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, November 21, 2025
If I travel to another country, I'll generally need to make a currency exchange before I can go shopping. I'll have to swap my dollars for euros if I'm in Europe, or for yuan if I'm in China, or perhaps for lira if I'm in Turkey.
However, in ancient times, a currency exchange wasn't necessary because the money had intrinsic value that was recognized worldwide.
... Dispatch continues below ...
Stuart Englert: Government secrecy prevails over gold transparency
Submitted by admin on Fri, 2025-11-21 09:59 Section: Daily DispatchesBy Stuart Englert
StuartEnglert.substack.com
Friday, November 21, 2025
When it comes to U.S. gold reserves, secrecy prevails over transparency.
Attempts to authorize a comprehensive, independent audit of the nation’s gold reserves have proven elusive and futile for decades.
The last two prominent audits, conducted 72 and 51 years ago, respectively, were far from thorough or free of government influence.
... Dispatch continues below ...
... ADVERTISEMENT ...
Who says gold doesn't pay interest?
Submitted by admin on Thu, 2025-11-20 16:20 Section: Daily DispatchesJust like government money, gold pays interest when you put it at risk by lending it
* * *
How The Rich Are 'Renting' Out Their Gold For Income
From NDTV, New Delhi
Thursday, November 20, 2025
Gold leasing or "renting" idle gold to jewelers and refiners is an emerging trend among investors.
Russia's central bank says its operations with gold are increasing
Submitted by admin on Thu, 2025-11-20 08:04 Section: Daily DispatchesBy Elena Fabrichnaya and Gleb Bryanski
Reuters
Wednesday, November 19, 2025
MOSCOW -- The Russian central bank said on Wednesday that its sales and purchases of gold in the domestic market for the budget reserve, the National Wealth Fund, have been increasing in recent years due to the enhanced liquidity of gold, opens new tab.
The central bank's assets in U.S. dollars, euros, and other major Western currencies have been frozen as part of Western sanctions imposed on Russia over its military actions in Ukraine.
... Dispatch continues below ...
Pages
