Asia will drive long-term gold demand

INCREASING political uncertainty and rising geopolitical risk are providing strong support for gold in the short term, despite the spectre of higher US interest rates, according to the ANZ Bank. These factors could see prices push past US$1300 per ounces over the next 12 months.

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Explorer spending indicates broad recovery: BDO

RESEARCH from BDO shows there has been a broad recovery in the resources sector, highlighted by a resurgence in the number of initial public offerings (IPOs) and another expected increase in cash outflows for the June 2017 quarter.

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Bad and ugly over, good returning

CONSULTING firm PwC believes the bad and the ugly are over and the good is returning to the mining industry. In a report, PwC says the world’s Top 40 miners recovered from a race to the bottom in 2016, with bolstered balance sheets and a return to profitability giving them much-needed space to pause and draw breath.

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MiPlan acquired by Hexagon Mining

HEXAGON Mining has acquired Australian technology company MiPlan. Based in Perth, Western Australia, MiPlan develops mobile software applications for field data collection, fleet management, production management and reporting. The company has a proven track record of increasing mine productivity and providing a rapid return on investment.

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