DJ PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day
Nov 30, 2012 (Dow Jones Commodities News via Comtex) --
WSJ: Surging Turkish Gold Exports Continue to Pay for Iranian Gas
Turkey's gold exports continued to surge dramatically in October, confirming Ankara is still using the commodity to pay for Iranian gas and circumvent sanctions as U.S. lawmakers consider a package that could specifically target the complex trade.
Newcrest Mining Trims Stake in Indonesia Mine in 160 Mln Deal
Newcrest Mining Ltd. (NCM.AU) said Friday that it is selling a further 7.5% stake in its Gosowong gold mine in Indonesia to its local minority partner for US160 million, trimming its interest in the operation to 75%.
China Takes Step Forward in Opening of Gold Market
China will allow over-the-counter gold trading between banks for the first time Monday, a significant financial reform for the world's second-largest buyer of the precious metal.
STORIES OF INTEREST:
Condor Gold Says Nicaragua Results Show Wide Zones of Wallrock Gold
Condor Gold PLC (CNR.LN) Friday reported wide zones of remnant wallrock gold in the America Vein trench demonstrated by results at its La India Project, Nicaragua.
Orogen Gold: GBP5M Financing Facility Secured
Orogen Gold PLC (ORE.LN), which is focused on gold exploration and development in Eastern Europe, is pleased to announce that it has entered into a 5 million pound Equity Financing Facility with Darwin Strategic Ltd, a majority owned subsidiary of Henderson Global Investors' AlphaGen Volantis Fund.
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