On July 20, 2015, BullionDirect, Inc. filed a bankruptcy petition, Chapter 11 No. 15-10940 in the U. S. Bankruptcy Court, Western District of Texas, Austin Division Additional notices will appear at this site regarding hearings, deadlines, filing proofs of claim and other such matters. [PDF notice]
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07/29/15 6:25:24 AM CDT
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Industry News

H1 yellow metal exports decline on lower volumes and prices, as B2Gold's production in the country slides.
Tue, 28 Jul 2015 16:51:11 -0600     Source: bnamericas.com: Metals
As demand for bullion used to back domestic financing deals decreases, says refiner Valcambi.
Tue, 28 Jul 2015 11:20:16 -0600     Source: Mineweb
“Gold has certainly moved out of favour in China in recent quarters,” says GFMS analyst Andrew Leyland.
Tue, 28 Jul 2015 11:20:36 -0600     Source: Mineweb
Putting more pressure on bigger gold mining companies.
Tue, 28 Jul 2015 03:31:14 -0600     Source: Mineweb
The Chamber of Mines (CoM) has concluded a wage agreement with the representative unions at JSE-listed Village Main Reef’s gold mining operations. The two-year agreement allowed for increases of R1 000 and R800 for Category 4 to 8 underground and surface employees respectively, and increases of 5...
Tue, 28 Jul 2015 02:07:00 -0600     Source: Miningweekly
China's gold imports could fall as much as 40% this year as demand for bullion used to back domestic financing deals decreases, the world's biggest refiner Valcambi said. A lot of the gold China imported in the last three years was used to secure cheaper loans due to a liquidity crunch, but that ...
Tue, 28 Jul 2015 01:45:00 -0600     Source: Miningweekly
MANILA, July 28- Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in U.S. interest rates. "If anything it's a little bit surprising that we haven't had the safe-haven bid in gold even t...
Tue, 28 Jul 2015 00:25:00 -0600     Source: CNBC.com | Interest Rates
LONDON, July 28, 2015 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to provide an operational update for the second quarter of 2015 on its wholly owned Palito and Sao Chico gold operations in the Tapajos region of Par...
Tue, 28 Jul 2015 00:00:00 -0600     Source: Metals News via PrimeZone
While gold's recent slump may be a buying opportunity in China and India, further weakness could be on the cards with analysts divided over the metal's outlook for 2015.
Mon, 27 Jul 2015 18:31:06 -0600     Source: bnamericas.com: Metals
India-based jewellery maker Rajesh Exports has acquired the 100% stake in European Gold Refineries Holding, which owns Switzerland-based Valcambi, through its Singapore subsidiary for $400m, which includes the stake of Newmont Mining.
Mon, 27 Jul 2015 17:00:00 -0600     Source: NRI: Mining Technology
Trade union Solidarity has called for the retirement age of underground miners be raised to 63, telling the Chamber of Mines (CoM) that the move would retain skills critical to the South African mining industry, thus promoting its sustainability. According to the union, ten mining houses in South...
Mon, 27 Jul 2015 08:25:00 -0600     Source: Miningweekly
We think it's best to continue approaching silver with extreme caution. While the time is long past for shorting it (we never recommend naked shorting a monetary metal!) it is not the time for betting on silver either.
Mon, 27 Jul 2015 06:29:42 -0600     Source: Safehaven
After the successful start-up of mining at the Gokona underground project, at London-headquartered Acacia Mining’s developing North Mara mine, in Tanzania, the group has lifted gold output for the six months ended June 30 by 6%, producing 367 301 oz and selling 355 470 oz of gold in the first hal...
Mon, 27 Jul 2015 04:34:00 -0600     Source: Miningweekly
Jewels accounted for about 83 per cent of gold sales in the United Arab Emirates in the first three months of the current year.The other 17 per cent of gold sales were bullion and golden currency, an analysis by the Dubai Chamber of Commerce and Industry shows.The total volume of gold sales in th...
Mon, 27 Jul 2015 03:05:31 -0600     Source: Financial Planning
Gold fell for a third session, trading not far above its lowest level since early 2010, with expectations of more losses in the metal on a Fed hike.
Sun, 26 Jul 2015 19:47:00 -0600     Source: CNBC.com | Stock Market Headlines
We believe that a bottom in Mining stocks and precious metals is imminent, ending their long corrective Bear Market since September 2011.
Sat, 25 Jul 2015 09:37:55 -0600     Source: Safehaven
Sharp falls in the gold price could spark higher physical demand in India, China and Turkey, analysts say, as the yellow metal extends its recent lows.
Fri, 24 Jul 2015 18:15:39 -0600     Source: bnamericas.com: Metals
Shanta Gold, which produces gold at its New Luika mine in Tanzania, is now well on track to up production and lower AISC into the bottom quartile.
Fri, 24 Jul 2015 14:06:05 -0600     Source: Mineweb
Gold stocks dropped as bullion fell to a five-year low.
Fri, 24 Jul 2015 14:05:55 -0600     Source: Mineweb
Gold stocks suffered a full-blown panic this past week! This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold. After gold's major multi-year support ...
Fri, 24 Jul 2015 11:03:29 -0600     Source: Safehaven
The Bakgatla-Ba-Kgafela Tribal Authority (BBKTA) and Sedibelo Platinum Mines (SPM), in the North West, on Friday announced plans to merge projects and community initiatives to ensure greater socioeconomic impact for the residents of the region. SPM, which owned and operated the Pilanesberg platin...
Fri, 24 Jul 2015 08:09:00 -0600     Source: Miningweekly
TORONTO, July 24, 2015 (GLOBE NEWSWIRE) -- XTRA-GOLD RESOURCES CORP. ("Xtra-Gold" or the "Company") -- (TSX:XTG) (OTCBB:XTGRF) reports that it is aware that a news release has been issued by Buccaneer Gold Corp. (TSXV:BGG) of an action that it reports it filed in the Ontario S...
Fri, 24 Jul 2015 07:00:00 -0600     Source: PrimeZone: Mining & Metals
Canny investors are seeking refuge in Australian gold mining stocks.
Fri, 24 Jul 2015 03:55:47 -0600     Source: Mineweb
Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about Kumba Iron Ore's job cuts as well as Anglo American Platinum's results.
Fri, 24 Jul 2015 01:57:00 -0600     Source: Miningweekly
old miner Doray Minerals has again increased production for the quarter ended June 30, which resulted in full-year production increasing by more than 15%.For the three months to June, gold production from the Andy Well mine, in Western Australia, reached 28 180 oz, up from the 21 328 oz produced ...
Fri, 24 Jul 2015 01:21:00 -0600     Source: Miningweekly
There is still no sign of any serious buying occurring in the gold mining sector. The HUI continues to plummet lower and has fallen to levels last seen in October and November of 2002! This is simply astonishing for its ferocity.
Thu, 23 Jul 2015 21:35:49 -0600     Source: Safehaven
MANILA, July 24- Gold held near its lowest level since March 2010 early on Friday and was set to end the week posting its deepest loss in nine months, pressured by predictions of further losses as the Federal Reserve moves closer to raising interest rates. *Bullion's rout deepened this week after...
Thu, 23 Jul 2015 18:52:00 -0600     Source: CNBC.com | Interest Rates
Yellow metal remains below US$1,100/oz for second day running, while Capital Economics warns of a possible worst case scenario slide to US$850/oz.
Thu, 23 Jul 2015 18:06:17 -0600     Source: bnamericas.com: Metals
Barrick Gold has completed the previously announced sale of its Cowal mine in New South Wales, Australia, to Evolution Mining for $550m.
Thu, 23 Jul 2015 17:00:00 -0600     Source: NRI: Mining Technology
Caribou King Resources has signed an agreement to acquire Micron Investments, which holds an option to acquire 63% of the Aukam Mine.
Thu, 23 Jul 2015 17:00:00 -0600     Source: NRI: Mining Technology
Operations at Northam Platinum’s Booysendal mine, in Steelpoort, have returned to normal, after Mineral Resources Minister Advocate Ngoako Ramatlhodi, who visited the area on Wednesday, intervened to resolve protests by community members. The mine’s operations were halted as the protests prevente...
Thu, 23 Jul 2015 06:56:00 -0600     Source: Miningweekly
JSE-listed platinum miner Lonmin on Thursday confirmed that Sandvik Mining contractor general foreman Mark Potgieter, 36, has died as a result of injuries sustained in an accident that occurred during the maintenance of a load-haul dumper at its Hossy shaft, at the Marikana mine, on Wednesday aft...
Thu, 23 Jul 2015 06:49:00 -0600     Source: Miningweekly
As the global bullion market continues to reel from a dramatic plunge in gold prices on Monday, traders from Hong Kong to New York are pointing the finger at others for being behind the move while struggling to unmask the mystery sellers. In early Asian trading hours on Monday, investors dumped m...
Thu, 23 Jul 2015 06:07:00 -0600     Source: Miningweekly
The metal last traded below $800 in 2008.
Thu, 23 Jul 2015 03:21:04 -0600     Source: Mineweb
Technical fundi Tony O’Neill, who put his imprimatur on game-changing technology during his short spell in South Africa, has been appointed with immediate effect to the board of Anglo American as an executive director, less than two years after taking over the company’s technology, business perfo...
Thu, 23 Jul 2015 02:45:00 -0600     Source: Miningweekly
Gold edged but the modest gains suggest bearish investors are still in the market as bullion falls in to deepest loss in nearly two years.
Thu, 23 Jul 2015 00:37:00 -0600     Source: CNBC.com | Stock Market Headlines
A calendar featuring sculptures crafted from scrap metal at the yard of John Zubick Limited, London, Ontario, Canada, has earned an international design award for the advertising agency that created it. Marketing Strategies & Solutions Inc., also based in London, has been awarded a silver prize i...
Wed, 22 Jul 2015 22:00:00 -0600     Source: Recycling Today
Some analysts believe a supply deficit will help the metal reclaim lost territory.
Wed, 22 Jul 2015 15:19:34 -0600     Source: Mineweb
Indians aren’t rushing to buy bullion after this week’s sharp sell-off.
Wed, 22 Jul 2015 15:19:54 -0600     Source: Mineweb
State-of-the-art precious metals -storage facility Strategic Wealth Preservation (SWP) selected and implemented Datex FootPrint WMS at its Cayman Islands vaulting facility.(PRWeb July 22, 2015)Read the full story at http://www.prweb.com/releases/2015/07/prweb12859272.htm
Wed, 22 Jul 2015 14:21:08 -0600     Source: PR Web: Mining / Metals
Gold miner AngloGold Ashanti on Wednesday reported a fatality at its Moab Khotsong mine, near Orkney, in the Free State. A scraper winch operator was fatally injured in a winch incident at the mine, 170 km from Johannesburg, on Tuesday.
Wed, 22 Jul 2015 00:13:00 -0600     Source: Miningweekly
Engineering group DRA has secured a contract with Saudi Arabia's mining group Ma'aden Gold and Base Metals (MGBM) for the Ad Duwayhi gold mine, located 450km south-west of Riyadh.
Tue, 21 Jul 2015 17:00:00 -0600     Source: NRI: Mining Technology
Dramatic fall in prices this week threatens to squash a run of mining M&As.
Tue, 21 Jul 2015 12:20:40 -0600     Source: Mineweb
The yellow metal's failure to cash in on the Greek debt crisis has called into question its status as a safe haven investment.
Tue, 21 Jul 2015 10:51:05 -0600     Source: bnamericas.com: Metals
Protesters have been blocking roads and disrupting transport at Booysendal mine.
Tue, 21 Jul 2015 05:51:15 -0600     Source: Mineweb
A dramatic slide in gold prices this week threatens to squash a run of mining mergers and acquisitions just as momentum in the sector was picking up. Mining executives and fund managers warn predators will turn more cautious before splashing out cash or approving capital raisings, at least until ...
Tue, 21 Jul 2015 03:46:00 -0600     Source: Miningweekly
TSX.V: SCZ VANCOUVER, July 21, 2015 /PRNewswire/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") is pleased to announce operating results from the Rosario Mine in San Luis Potosi, Mexico for the second quarter of 2015 ("Q2"). The Company produced 265,834...
Tue, 21 Jul 2015 01:30:00 -0600     Source: PR Newswire: Mining/Metals
Northam Platinum on Tuesday said the civil unrest in Steelpoort had affected operations at its Booysendal mine. The company said the protests by community members in the Steelpoort valley was impacting the company’s production, as protestors had been blocking roads and disrupting transport, which...
Tue, 21 Jul 2015 00:49:00 -0600     Source: Miningweekly
Gold stabilized holding just above a five-year low, but with investors still clinging to views of further price falls a day after the metal lost 4%.
Mon, 20 Jul 2015 23:23:00 -0600     Source: CNBC.com | Stock Market Headlines
The Bloomberg Intelligence Global Senior Gold Valuation Peers Index drops to lowest since it began in 2005.
Mon, 20 Jul 2015 14:31:16 -0600     Source: Mineweb


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