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mining

Producer price index for industrial products increased in Georgia

6 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Producer price index for industrial products in Georgia (August 2020). In August 2020 the Producer Price Index for Industrial Products increased by 0.05 percent compared to the previous month, while compared to August 2019 the index growth amounted to 4.9 percent. The prices for manufactured products decreased by 0.4 percent compared to July 2020, resulting in a -0.33 percentage point contribution to the overall monthly PPI change. Within the group noteworthy price decrease was registered for basic metals (-4.9 percent). In the same period the prices increased for electricity,…

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Producer price index for industrial products increased in Georgia

6 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Producer price index for industrial products in Georgia (August 2020). In August 2020 the Producer Price Index for Industrial Products increased by 0.05 percent compared to the previous month, while compared to August 2019 the index growth amounted to 4.9 percent. The prices for…

Gold price hit its highest since 2012

5 mins read

The FINANCIAL – Gold hit its highest price for the first time in more than seven years. Gold prices rose above the $1,700 per ounce level on Monday. After a 18% surge in 2019, gold prices have moved sharply higher this year amid coronavirus crisis and as central banks cut interest rates to try and…

Egypt announces an international exploration tender for gold-mining

4 mins read

The FINANCIAL — Egypt to launch bid round in March for gold exploration in Eastern Desert. Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched. Egypt issued new regulations after getting complaints from investors. The blocks will be administered under a free carry,…