PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day

First Published Tuesday, 3rd April 2012 03:07 pm - © 2012 Dow Jones


TOP STORIES:

India March Gold Imports Slump To 15-20 Tons After Jewelers Shut Doors

NEW DELHI -(Dow Jones)- India's gold imports fell by around two-thirds in March compared with a year earlier after jewelry retailers shut their doors nearly three weeks ago to protest the federal government's imposition of additional taxes on retail jewelers in its most recent budget, a top industry executive said Tuesday.

STORIES OF INTEREST:

Norton Gold Fields Gets Indicative A$229M Bid From Zijin Mining

SYDNEY (Dow Jones)--Norton Gold Fields Ltd. (NGF.AU) said Tuesday it has received an indicative A$229.4 million offer from China's Zijin Mining Group (2899.HK), which its directors are minded to recommend shareholders accept.

Anglo Asian Mining Reaches 1M Ounces Gold At Gedabek Mine

LONDON (Dow Jones)--Anglo Asian Mining PLC (AAZ.LN), an Azerbaijan-focused gold miner, Tuesday reached a significant milestone after reaching the 1 million troy ounce mark in its latest estimate for its Gedabek gold and copper mine--a 50% increase from the previous appraisal.

MARKETS:

PRECIOUS METALS: Spot Gold Flat; Weak Physical Demand Weighs

LONDON (Dow Jones)--Spot gold is practically flat in Europe Tuesday, struggling to make much headway in either direction as a weaker dollar proves insufficient to outweigh the drag of soft physical demand.

By Simon Varcoe, Dow Jones Newswires; 4420-7842-9449; simon.varcoe@dowjones.com

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