pmex
08-06-2009, 05:38 PM
Australia close to top of gold pile
Posted Tue Aug 4, 2009 6:00pm AEST
Updated Tue Aug 4, 2009 6:29pm AEST
http://www.abc.net.au/reslib/200710/r189640_711466.jpg (http://www.abc.net.au/reslib/200710/r189640_711470.jpg)A delegate at the Diggers and Dealers conference in Kalgoorlie says Australia is heading towards the position of second largest gold producer in the world. (Perth Mint)
Map: Kalgoorlie 6430 (http://www.abc.net.au/news/maps/map.htm?lat=-30.7458&long=121.4715&caption=Kalgoorlie 6430)
A mining analyst says Australia could become the world's second largest gold producer within two years.
The managing director of Surbiton Associates, Sandra Close, says high gold prices and a continued production decline in South Africa could see Australia move into second spot behind China within two years.
"Australia and the U-S sit somewhere in the middle," she said.
"We are a big player, we've been a big player now for a few decades and people don't realise, I think, that we are so large on the world stage in that respect."
"We're sitting third or fourth in Australia at the moment."
Focus on junior miners
A Goldfields miner has forecast continued growth in WA's junior gold mining sector.
Silver Lake Resources' managing director, Les Davis, says there is an increased focus on junior miners at this year's Diggers and Dealers forum in Kalgoorlie.
Mr Davis says he expects higher gold prices to drive exploration across the State.
"There's a lot of good projects out there and I think the equity markets are coming back, where people will invest in drilling in the ground, that's where it needs to happen," he said.
"I think we'll see a resurgence in exploration activity over the next two to three years.
"Between Silver Lake, the Integras, the Focus Minerals, there's a lot of juniors around Kalgoorlie that have some very good projects, and I think the mood for the junior end of the sector is quite strong."
More... (http://www.24hgold.com/english/contributor.aspx?rss=true&article=2246047466G10020&redirect=true&contributor=ABC)
Posted Tue Aug 4, 2009 6:00pm AEST
Updated Tue Aug 4, 2009 6:29pm AEST
http://www.abc.net.au/reslib/200710/r189640_711466.jpg (http://www.abc.net.au/reslib/200710/r189640_711470.jpg)A delegate at the Diggers and Dealers conference in Kalgoorlie says Australia is heading towards the position of second largest gold producer in the world. (Perth Mint)
Map: Kalgoorlie 6430 (http://www.abc.net.au/news/maps/map.htm?lat=-30.7458&long=121.4715&caption=Kalgoorlie 6430)
A mining analyst says Australia could become the world's second largest gold producer within two years.
The managing director of Surbiton Associates, Sandra Close, says high gold prices and a continued production decline in South Africa could see Australia move into second spot behind China within two years.
"Australia and the U-S sit somewhere in the middle," she said.
"We are a big player, we've been a big player now for a few decades and people don't realise, I think, that we are so large on the world stage in that respect."
"We're sitting third or fourth in Australia at the moment."
Focus on junior miners
A Goldfields miner has forecast continued growth in WA's junior gold mining sector.
Silver Lake Resources' managing director, Les Davis, says there is an increased focus on junior miners at this year's Diggers and Dealers forum in Kalgoorlie.
Mr Davis says he expects higher gold prices to drive exploration across the State.
"There's a lot of good projects out there and I think the equity markets are coming back, where people will invest in drilling in the ground, that's where it needs to happen," he said.
"I think we'll see a resurgence in exploration activity over the next two to three years.
"Between Silver Lake, the Integras, the Focus Minerals, there's a lot of juniors around Kalgoorlie that have some very good projects, and I think the mood for the junior end of the sector is quite strong."
More... (http://www.24hgold.com/english/contributor.aspx?rss=true&article=2246047466G10020&redirect=true&contributor=ABC)