The Perth Mint has initiated an independent third-party review of its audit process in response to allegations that the refinery was purchasing gold from a convicted murderer in Papua New Guinea.
Not many commodities are as good as gold when a crisis hits. Australian Mining speaks with the World Gold Council and The Perth Mint about the past, present and future of the precious metal.
Bank of America (BofA) has raised its gold price forecast to $US3000 ($4751.10) an ounce over the next 18 months in a report titled, ‘The Fed can’t Print Gold’.
The Perth Mint’s gold, silver and platinum holdings value has topped $5 billion for the first time, triggered by a global upheaval due to the coronavirus (COVID-19) outbreak.
Stay on top of the most popular stories on Australian Mining over the past week, including Rio Tinto awarding Mondium a $400 million construction contract.
The Perth Mint has released Jewelled Tiger coins featuring rare pink diamonds from Rio Tinto’s Argyle mine in Western Australia.
Security Matters is collaborating with the Perth Mint to develop bespoke tracing technology.
Canadian company RNC Minerals has successfully recovered another impressive gold slab at the Beta Hunt mine in Western Australia, adding to its record-breaking discovery last month.
The Perth Mint unveiled Australia’s most expensive coin, Discovery, valued at $2.48 million. It is considered the most valuable collector coin in history.
The Perth Mint has sold the $1 million dollar Argyle red diamond coin within two days of its release.
Rio Tinto has unveiled the world’s first coin featuring a rare red diamond from Perth’s Argyle diamond mine.