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Koos Jansen: China's banks don't really have much gold
1:58p ET Friday, November 18, 2016
Dear Friend of GATA and Gold:
Gold researcher Koos Jansen reports today that gold assets on the books of Chinese banks are largely illusory and cannot account for the "surplus" gold believed to reside in China. His analysis is headlined "Synthetic Gold Leasing: More Details Regarding the 'Precious Metals' on Chinese Commercial Bank Balance Sheets" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
K92 Mining Begins Gold Production at Kainantu Mine
Wednesday, October 5, 2016
K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.
Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."
...For the remainder of the announcement:
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