(AU) Chief Executive Mark Cutifani
said Tuesday that the price of gold could exceed US$2,000 per troy ounce this
year as demand remains robust in fast-growing economies like India and China.
Cutifani expected the gold price, which settled Monday at US$1685.60, to
average between US$1,700 and US$1,800 per ounce in 2012.
The South African-based miner intends to spend around US$800 million in
Australia over the next two-to-three years on new projects and exploration, he
said.
Cutifani said last week's military coup in the African country of Mali, where
it produces about 4% of its gold, haven't affected operations there, which are
still running as normal. "We've had no disruptions," Cutifani told reporters.
No comments:
Post a Comment