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PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day

04/03/2012 | 04:12pm US/Eastern
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  TOP STORIES: 
 
India March Gold Imports Slump To 15-20 Tons After Jewelers Shut Doors 

India's gold imports fell by around two-thirds in March compared with a year earlier after jewelry retailers shut their doors nearly three weeks ago to protest the federal government's imposition of additional taxes on retail jewelers in its most recent budget, a top industry executive said Tuesday.

 
Merrex Gold Says Has Halted Mali Operation As Border Closures Weigh On Miners 

A bevy of sanctions and border closures meant to coerce Mali's military leaders into relinquishing power has instead forced Canadian miner Merrex Gold Inc. (MXI.V, MXGIF) to halt operations in the troubled state.

 
  STORIES OF INTEREST 
 
Robex Resources Gets Go-Ahead To Open Gold Mine In War-torn Mali 

Canadian gold miner Robex Resources Inc. (RBX.V, RSRBF) said Tuesday it had received the last go-ahead it needed to open the Nampala mine in Mali, a country plunged into chaos by a recent coup and ongoing civil war.

 
Peru Approves Rules On Consulting With Indigenous Peoples 

LIMA (Dow Jones)--Peru's government has approved regulations for the implementation of a new law aimed at improving consultation with indigenous communities before the development of natural-resource projects.

 
Norton Gold Fields Gets Indicative A$229M Bid From Zijin Mining 

SYDNEY (Dow Jones)--Norton Gold Fields Ltd. (NGF.AU) said Tuesday it has received an indicative A$229.4 million offer from China's Zijin Mining Group Co. (2899.HK, 601899.SH), which its directors are minded to recommend shareholders accept.

 
Anglo Asian Mining Reaches 1M Ounces Gold At Gedabek Mine 

LONDON (Dow Jones)--Anglo Asian Mining PLC (AAZ.LN), an Azerbaijan-focused gold miner, Tuesday reached a significant milestone after reaching the 1-million-troy-ounce mark in its latest estimate for its Gedabek gold and copper mine--a 50% increase from the previous appraisal.

 
  MARKETS: 
 
PRECIOUS METALS: Gold Falls As Fed Dims Hopes Of Stimulus 

NEW YORK (Dow Jones)--Gold futures fell in after-market trading Tuesday after the latest Federal Open Market Committee minutes showed few hints of imminent monetary stimulus.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com

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